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CPP Retirement Pension Calculator TaxTips.ca
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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.
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 % 2025 2.6%
2024 4.4%
Start at age
2023 4.2%
Start in year
2022 2.7%
% reduction/mo
2021 1.0%
% increase/mo
5 yr avg 3.0%
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 at each age. 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
TaxTips.ca CPP Retirement Calculator
Current year Monthly benefit at age 65
Annual benefit at age 65 Estimated annual indexation of CPP
Start at age
Start in year
PV
Annual CPP Income Amounts Cumulative Amounts Starting at
Age
60

Questions or comments on the CPP Retirement Pension Calculator? 
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Revised: February 12, 2025

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