What is cpp?
Also known as: Canada Pension Plan
Definition
Educational information only. Last reviewed August 25, 2026.
How it works in Canada
Payments can begin as early as 60 with a permanent reduction, or be deferred to 70 with a permanent increase. CPP also provides disability, survivor and children's benefits. Quebec residents participate in the Quebec Pension Plan instead.
Example
Someone starting CPP at 65 rather than 60 receives a higher monthly amount for life, which may benefit those with longer life expectancy or other income to bridge the gap.
Learn more
Written and reviewed by CanadaGFI.ca Editorial Team
Licensed insurance and financial professionals contributing to CanadaGFI.ca
Published and last reviewed August 25, 2026. Read our editorial policy and disclosures.
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