TaxTips.ca
 Canadian Tax and
Financial Information 		CPP Retirement Pension Calculator

Ads keep this website free for you.
 TaxTips.ca does not research or endorse any product or service appearing in ads on this site.  Before making a major financial decision you  should consult a qualified professional.

Looking for US tax information?
See USTaxTips.net

Need an accounting, tax or financial advisor? Look in our Directory.  Use above search box to easily find your topic!   Stay Connected with TaxTips.ca!



TaxTips.ca Calculators -> CPP Retirement Pension Calculator information page  Note:  This calculator will retain data.  Click Reset before closing if using on a public computer.  Best viewed in Chrome, Firefox, or Vivaldi.  Printing works best from Chrome or Vivaldi

 

 

 

 

 

 
Current year
Monthly benefit at age 65 <-from your current CPP statement of contributions
Annual benefit at age 65
CPP Indexation Factors
Estimated annual indexation of CPP % 2020 1.9%
2019 2.3%
Start at age
2018 1.5%
Start in year
2017 1.4%
% reduction/mo
2016 1.2%
% increase/mo
5 yr avg
All amounts are automatically recalculated when you tab out of a cell, or click the Calculate button.
The present value (PV) is the amount that would have to be invested at age 60, at the given rate of return, in order to provide the future cashflows shown below. In other words, receiving the present value at age 60 would be equivalent to receiving the CPP annual income amounts in future years.  A higher value is more beneficial.  
Calculate the PV of cashflows up to & including age 
Using a rate of return of  %
PV
Annual CPP Income Amounts Cumulative Amounts Starting at
Age
60

Questions or comments on the CPP Retirement Pension Calculator? 
We normally reply within 1 business day - no reply? Check your spam folder.

Revised: November 20, 2019

Copyright © 2002 Boat Harbour Investments Ltd. All Rights Reserved.  See Reproduction of information from TaxTips.ca

Facebook  | Twitter  |  Monthly Newsletter Sign-up  What’s New E-mail Notification RSS News Feed
The information on this site is not intended to be a substitute for professional advice.  Each person's situation differs, and a professional advisor can assist you in using the information on this web site to your best advantage. 
Please see our legal disclaimer regarding the use of information on our site, and our Privacy Policy regarding information that may be collected from visitors to our site.