Pick two start ages (e.g., 65 vs 70). If you start earlier, we assume you invest those payments at your
after-tax, after-fee return. We’ll show the break-even age when delaying catches up, or if it never does at that return.
How this works (plain English)
Tell us your CPP @ 65 (a rounded estimate is fine).
Pick your growth rate (what earlier payments could earn after fees/tax; 4% is a simple starting point).
Choose two start ages to compare and hit “Compare”.
We track total dollars over time. If you start earlier, those dollars can grow so delaying needs time to catch up.
CPP Comparison Inputs
We’ll send your result if you want it saved. (Shown only if not on file.)
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The monthly amount you’d get if you start at 65. Find it in your My Service Canada estimate, rounding is okay.
How fast early payments could grow each year after fees and taxes. Using TFSA? Think after-fee return. 4% is a simple start.
Tip: Big numbers here make “take it early” look better; tiny/negative numbers tilt toward delaying.
Lets us convert the break-even into your calendar age/year. Leave blank if you only want the age.
Pick the two start ages you want to stack up. Example: “65 vs 70” compares waiting 5 years.
Assumptions & Notes
CPP at 60 ≈ 0.64× CPP @65; CPP at 70 ≈ 1.42× CPP @65 (about ±0.6% per month from 65).
We treat values in today’s dollars if you use a real net return.
Return is after taxes/fees; a TFSA style “after-fee” return is the simplest apples-to-apples.
We’ll compute the break-even point and show a quick summary.
Notes: “Better until” compares total dollars assuming early payments are invested at your net return.
CPP is CPI-indexed & taxable. Education only, not advice.