Canada Pension Plan (CPP) is a monthly retirement pension payment that is paid out upon retirement.
How to qualify for CPP?
- must be at least 60 years old
- must have made at least one contribution to CPP
CPP Payment Dates:
- January 27, 2022
- February 24, 2022
- March 29, 2022
- April 27, 2022
- May 27, 2022
- June 28, 2022
- July 27, 2022
- August 29, 2022
- September 28, 2022
- October 27, 2022
- November 28, 2022
- December 21, 2022
How much will I receive?
CPP amount you receive will be determined on your earnings over your working life.
How long will I receive CPP?
You will receive CPP for the rest of your life from the time you retire.
Do I have to pay tax on CPP?
CPP is a taxable income and will be taxed. However, taxes will not be deducted automatically.
