Seniors
Federal
Paid monthly
Canada Pension Plan
Worth up to
$16,375/year
What is it?
A monthly retirement pension based on your contributions during your working years. You can start receiving it as early as age 60.
Maximum at 65: $1,364.60/month ($16,375/year). Average: ~$815/month
Who is it for?
- Must be 60+ years old
- Must file an income tax return
How to Apply
- 1Apply online through My Service Canada Account
- 2Can start as early as 60 (reduced) or defer to 70 (increased)
- 3Apply 6-12 months before you want payments to start
- 4Your benefit is based on your contribution history
Documents You May Need
SIN
Proof of age
Banking information
Most recent tax return
Related Benefits
$7,787
Canada Child Benefit
A tax-free monthly payment to help eligible families with the cost of raising children under 18 years of age.
$2,000
Canada Learning Bond
Free money from the Government of Canada to help pay for education after high school. No contributions required — just open an RESP.
$7,200
Canada Education Savings Grant
The government matches 20% of what you contribute to your child's RESP, up to $500 per year. Low and middle-income families may qualify for additional amounts.