How to Get $2,500 Per Month from CPP and OAS in Canada — Most Retirees Get Half

Added: 2026-05-24

[00:00:00]The average Canadian retiree receives $925 per month from CPP and $743 from OAS. That is $1,668 per month in total government retirement income.

[00:00:13]The maximum available from CPP and OAS combined, if you do everything right, is over $3,100 per month. That is almost twice what the average Canadian receives. Almost twice. Same system.

[00:00:24]Same government. Same programs. The difference is not luck. It is not inheritance. It is not connections. It is five decisions that most Canadians either make wrong or never make at all.

[00:00:35]Today, I'm going to show you exactly how to get $2,500 per month or more from CPP and OAS in Canada, step by step, number by number. Every figure in this video is verified from canada.ca for 2026.

[00:00:48]And I'm going to show you why most retirees get half that amount, not because the system failed them, but because nobody explained how the system actually works before they made the decisions that locked them in for life.

[00:00:59]This video is for educational purposes only and is not tax, legal, or financial advice. Consult a qualified professional before making any decisions about your specific situation. My name is Kevin.

[00:01:10]Every week I break down the CRA rules, the financial traps, and the strategies that protect Canadian retirees from the things nobody else is explaining.

[00:01:18]If that sounds like something you need, hit subscribe right now and turn on notifications. Drop a comment right now.

[00:01:23]How much do you currently receive from CPP? Just the number.

[00:01:27]I read every single comment and the most common range tells me exactly what the next video needs to cover. Let me start with the number that should alarm every Canadian approaching retirement. The average CPP payment at age 65 is $925.35 per month. That is confirmed by canada.ca for January 2026.

[00:01:46]The maximum CPP payment at age 65 is $1,507.65 per month. The average Canadian receives 61% of the maximum. 39% is left on the table. And that 39% is not sitting in some government vault waiting for you.

[00:02:01]It is gone every month for the rest of your life. Now, let me add OAS. The maximum OAS payment for a Canadian age 65 to 74 is $743.05 per month. Confirmed by canada.ca for April 2026.

[00:02:18]For Canadians 75 and older, the maximum is $817.36, which includes the permanent 10% enhancement that took effect in 2022. If you are getting the average CPP and the maximum OAS, your total government income is $1,668 per month. If you are getting the maximum CPP and the maximum OAS, your total is $2,250 per month at age 65. $2,250, not $2,500.

[00:02:47]So, how do you get to $2,500? You defer.

[00:02:50]Let me show you the five decisions that separate the retiree getting $1,300 from the one getting $2,500.

[00:02:57]Decision number one, stop taking CPP at 60. The single most expensive mistake Canadian retirees make is taking CPP at 60. Let me show you why.

[00:03:07]When you take CPP before 65, the benefit is permanently reduced by 0.6% for every month you take it early. That is 7.2% per year. If you take CPP at 60 5 years before the standard age of 65, the reduction is 36% permanently for the rest of your life. Let me put dollars on that. If your CPP at 65 would have been $1,200 per month, taking it at 60 locks you in at $768 per month. That is $432 per month less every month forever.

[00:03:40]$432 per month for 30 years of retirement is $155,520.

[00:03:47]That is the cost of taking CPP 5 years early on a $1,200 benefit. And here is what makes it worse. CPP is indexed to inflation. That means the gap between what you were receiving and what you would have received does not stay the same. It grows every year. The $432 gap in year one becomes 441 in year two, 450 in year three.

[00:04:09]The inflation adjustment is applied to the smaller number. You are getting a smaller raise on a smaller base for the rest of your life. Most Canadians take CPP early because they need the income.

[00:04:19]They retire at 60, they have no pension, their RRSP is modest, and they need cash flow. CPP at 60 seems like the solution.

[00:04:26]It is not a solution.

[00:04:28]It is a permanent haircut on the single most reliable income stream the Canadian government offers. The alternative is to use RRSP or TFSA withdrawals to cover the gap years between 60 and 65 and let CPP grow. Five years of RRSP withdrawals at 20,000 per year is $100,000.

[00:04:46]The CPP penalty for taking it five years early on a $1,200 benefit is $155,000 over 30 years.

[00:04:54]You spend 100,000 to save 155,000.

[00:04:57]That is a $55,000 return on patience.

[00:05:00]Decision number two, defer CPP past 65. If not taking CPP at 60 saves you 36%, deferring CPP past 65 earns you even more.

[00:05:11]For every month you defer CPP past 65, the benefit increases by 0.7%.

[00:05:17]That is 8.4% per year, confirmed by SunLife, Invested MD, and Canada.ca.

[00:05:23]If you defer CPP from 65 to 70, the benefit increases by 42%.

[00:05:29]Let me put dollars on that.

[00:05:31]If your CPP at 65 is $1,200 per month, deferring to 70 gives you $1,704 per month. That is $504 more per month, every month, for the rest of your life, indexed to inflation.

[00:05:45]The total swing from taking CPP at 60 versus deferring to 70 is staggering. At 60, you receive $768 per month. At 70, you receive $1,704 per month. That is $936 per month difference, $11,232 per year on the same work history, the same contributions, the same person. The break-even point, the [snorts] age at which deferring to 70 pays off compared to taking it at 65, is approximately 74 to 76, depending on your specific benefit and tax situation.

[00:06:18]If you live past 76, you come out ahead.

[00:06:20]And the average Canadian who reaches 65 lives to 85 for men and 87 for women, confirmed by Statistics Canada.

[00:06:28]You're not gambling on living past 76.

[00:06:31]You're gambling on not living past 76, and the odds are heavily against you.

[00:06:35]Decision number three, defer OAS to 70.

[00:06:38]Most Canadians do not know that OAS can be deferred. This is the most underused tool in the Canadian retirement system.

[00:06:44]For every month you defer OAS past 65, the benefit increases by 0.6% per month, 7.2% per year. If you defer from 65 to 70, the increase is 36% confirmed by canada.ca.

[00:06:58]The maximum OAS at 65 is $743.05.

[00:07:03]Deferred to 70, that becomes approximately $1,010.55 per month. That is $267.50 more per month, every month, indexed to inflation, tax-free until clawback thresholds. Now, combine decisions two and three. CPP deferred to 70 on a $1,200 base, $1,704 per month. OAS deferred to 70, $1,010 per month. Combined government income at 70, $2,714 per month, 2,714.

[00:07:35]That exceeds our $2,500 target. On a CPP base of just $1,200 at 65, which is below the maximum of $1,507.

[00:07:46]A typical above average earner, not a CEO, not a doctor, an above average Canadian worker who contributed consistently for 35 to 40 years.

[00:07:54]Now, let me show you the contrast. A Canadian who took CPP at 60 with the same $1,200 base and took OAS at 65 receives 768 plus 743.

[00:08:06]That is $1,511 per month.

[00:08:09]$1,511 versus $2,714.

[00:08:14]A difference of $1,203 per month, $14,436 per year.

[00:08:20]Over 20 years of retirement, that is $288,720.

[00:08:25]On the same work history, that is why the title of this video says most retirees get half. The average Canadian is closer to 1,500 than to 2,700, not because the system pays poorly, because the decisions made at 60 and 65 permanently reduce what the system offers.

[00:08:42]Decision number four, maximize your contributory years. CPP is calculated based on your average earnings during your contributory period. The contributory period runs from age 18 to the month you start receiving CPP. The system drops your lowest earning years automatically through the general dropout provision, which excludes approximately 17% of your lowest earning months.

[00:09:02]There is also a child rearing dropout provision.

[00:09:04]If you left the workforce or reduced your hours to raise children under seven, those years can be excluded from the CPP calculation. This prevents child rearing years from dragging down your average earnings. You must have received the Canada Child Tax Benefit or the Universal Child Care Benefit for those years, which registers the child rearing period in the system.

[00:09:23]Let me explain why this matters so much, especially for women.

[00:09:26]A woman who earned $60,000 per year for 20 years, then left the workforce for eight years to raise two children, then returned to work at 45,000 for 10 more years, has a dramatically different CPP depending on whether the child rearing dropout is applied. Without the dropout, those eight zero income years are averaged into her contributory period.

[00:09:45]They pull her average down significantly. Her CPP at 65 might be $700 per month. With the dropout, those eight years are excluded. Her average is calculated only on the 20 years at 60,000 and 10 years at 45,000. Her CPP at 65 might be $1,050 per month. $350 more per month for the rest of her life because eight years of zeros were removed from the average. The child rearing dropout is applied automatically if the CRA has records of the child benefit payments.

[00:10:14]But if you raised children before 1993, when the system changed, you may need to verify that the records exist. Log in to my Service Canada account and check your statement of contributions. Look for gaps. If there are years showing zero contributions during the time you were raising young children, call Service Canada and ask whether the child rearing dropout has been applied to your file.

[00:10:34]The statement of contributions is the single most important document in CPP planning. It shows every year you contributed, how much you earned, and whether any dropout provisions have been applied. Most Canadians have never looked at it. If you are within 10 years of retirement and you have not checked your statement of contributions, do it this week. The number on that statement is the foundation of every calculation in this video. The years that remain after dropouts are your contributory years.

[00:10:58]The more years you earned at or near the YMPE, the year's maximum pensionable earnings, currently $74,600 for 2026, the higher your CPP will be.

[00:11:09]If you had 10 years of low earnings in your 20s, those are likely dropped. If you had five years of zero earnings while raising children, those are dropped.

[00:11:16]What remains is your strongest earning history and that is what determines your benefit. The practical implication is this. Every additional year you work at a decent salary improves your CPP if it replaces a lower earning year in the average. Working from 60 to 65 at $50,000 per year might replace five years of low earnings from your 20s.

[00:11:34]That replacement increases your CPP base, which then gets the 42% deferral bonus if you wait until 70.

[00:11:40]The compounding of a higher base with a higher deferral percentage is how ordinary Canadians reach 2,500.

[00:11:46]Decision number five, use pension income splitting to protect the household.

[00:11:50]This is the decision that turns an individual strategy into a household strategy. And it is the one that most retirement videos ignore. If one spouse has a high CPP and the other has a low or zero CPP, the household is imbalanced. The high CPP spouse may be pushed into higher tax brackets, triggering OAS clawback, and losing age amount credits. The low CPP spouse has unused BPA and tax bracket space sitting empty.

[00:12:14]CPP sharing allows spouses to split their CPP retirement benefits based on the period of cohabitation.

[00:12:20]Both spouses must be 60 or older, and both must be receiving CPP. The sharing is based on the contributory period during which you were together, not a 50/50 split of total benefits. You apply by filing form ISP 1901 and ISP 1902 with Service Canada.

[00:12:38]The pension income tax credit on the T1032 is a separate tool. If one spouse has eligible pension income from a RRIF, LRIF, or annuity, up to 50% of that income can be allocated to the other spouse's return.

[00:12:51]This is not CPP sharing. This is a tax filing strategy that reallocates income between spouses to minimize the household tax bill.

[00:12:59]The combination of CPP sharing plus pension income splitting can reduce the household's total tax by 3,000 to 6,000 dollars per year. That is not additional income. It is income that the CRA was taking and now is not. And it is available to every married or common-law couple in Canada, free, every year. Let me now put all five decisions together in a full scenario. Meet David and Carol, both 63, both live in Kitchener, Ontario. David worked as a logistics coordinator for 37 years. His CPP at 65 is estimated at $1,300 per month. Carol worked part-time and raised two children. Her CPP at 65 is estimated at $450 per month. Scenario A, they do what most Canadians do. David takes CPP at 60, reduced by 36%. He receives $832 per month. Carol takes CPP at 60, reduced by 36%.

[00:13:50]She receives $288 per month. Both take OAS at 65. David gets 743. Carol gets 743. Total household government income at 65, $2,606 per month. That sounds okay.

[00:14:06]But look at what they left behind.

[00:14:08]Scenario B, they execute all five decisions. David defers CPP to 70. His $1,300 base grows by 42% to $1,846 per month. Carol defers CPP to 70. Her $450 base grows by 42% to $639 per month. Both defer OAS to 70. David's OAS becomes $1,010.

[00:14:31]Carol's OAS becomes $1,010. They apply for CPP sharing to balance the income between them. They file the T1032 to split RRIF income during the gap years.

[00:14:42]Total household government income at 70.

[00:14:44]David receives $1,846 plus $1,010.

[00:14:49]That is $2,856.

[00:14:52]Carol receives $639 plus $1,010.

[00:14:56]That is $1,649.

[00:14:59]Household total, $4,505 per month. $4,505 versus $2,606.

[00:15:07]A difference of $1,899 per month. $22,788 per year. Over 20 years, $455,760.

[00:15:19]$455,000.

[00:15:22]Same couple, same careers, same contributions, same postal code, five different decisions.

[00:15:28]But wait, there is a problem. If David and Carol defer everything to 70, what do they live on between 63 and 70?

[00:15:35]Seven years with no government income.

[00:15:37]This is where the RRSP meltdown and the TFSA pipeline become essential. The gap years between retirement and 70 are the most important years in Canadian retirement planning.

[00:15:46]During these years, David and Carol withdraw from the RRSP at the lowest tax rates of their lives, deposit the after-tax proceeds into the TFSA, and cover living expenses from the same RRSP withdrawals plus any non-registered savings.

[00:16:00]Every dollar withdrawn from the RRSP at 14% during the gap years is a dollar that avoids 30 to 40% taxation later through RRIF mandatory minimums and terminal tax. The RRSP meltdown funds the gap years and reduces the future tax bomb simultaneously.

[00:16:17]David and Carol need approximately $3,500 per month to cover essential expenses during the gap years.

[00:16:23]Over 7 years, that is $294,000.

[00:16:26]If they have 300,000 in combined RRSP and 50,000 in TFSA, the meltdown covers the gap while building the TFSA pipeline for later.

[00:16:36]The cost of funding the gap years is $294,000.

[00:16:40]The benefit of deferring CPP and OAS to 70 is $455,000 over 20 years.

[00:16:46]The gap years cost $294,000 to fund. The deferral earns $455,000.

[00:16:52]Net benefit, $161,000.

[00:16:55]That is why I built the Retirees AI Research Guide. It does not replace a tax advisor. What it does is teach you how to research your own situation using AI, so that when you sit down with your accountant, you already understand how the CPP deferral, the OAS deferral, the meltdown strategy, and the pension income split interact for your specific household. You already know the right questions to ask because the retirees who show up prepared are the ones who capture every dollar the Canadian system offers. Kevinretires.shop.

[00:17:22]Link in the description.

[00:17:24]Before I give you the action checklist, I need to address four things that most CPP and OAS videos leave out entirely.

[00:17:31]And these four things can change your outcome by thousands of dollars. The first thing nobody talks about GIS, the Guaranteed Income Supplement. GIS is a monthly non-taxable benefit paid to low-income OAS recipients. To qualify, you must be 65 or older, receiving OAS, and have annual income below approximately $22,056 for a single person, or approximately $29,136 for a couple where both receive OAS.

[00:17:57]Now, these are the 2026 thresholds confirmed by canada.ca.

[00:18:02]The maximum GIS for a single person is approximately $1,109.85 per month. Added to OAS, a low-income single senior can receive approximately $1,853 per month in OAS plus GIS combined. That is more than many Canadians receive from CPP. But here's the critical detail that most people miss. GIS is income tested.

[00:18:24]And the income test includes RRIF withdrawals, CPP benefits, and pension income. It does not include TFSA withdrawals or OAS itself. This is where the TFSA pipeline becomes life-changing for low-income seniors.

[00:18:37]If your only retirement savings are in an RRSP and you convert it to an RRIF at 72, every dollar of RRIF income reduces your GIS by 50 cents.

[00:18:47]The GIS clawback rate is 50% on most types of income above a small exemption of $5,000. A senior receiving $15,000 per year in RRIF income loses approximately $5,000 per year in GIS.

[00:18:59]That is $417 per month in lost benefits because the income came from the RRIF instead of the TFSA. If that same 15,000 had been withdrawn from the TFSA, the GIS would remain untouched. The TFSA withdrawal is invisible to the GIS calculation. Invisible.

[00:19:17]The practical lesson, if you are a low-income Canadian approaching retirement, the RRSP meltdown is not optional. It is the single most important financial strategy available to you.

[00:19:26]Converting RRSP to TFSA during the gap years at the lowest tax rates of your life before GIS eligibility begins at 65 means the difference between receiving full GIS and receiving reduced or zero GIS.

[00:19:40]A senior with 30,000 in TFSA instead of 30,000 in RRIF could receive $500 more per month in GIS for the rest of their life. 6,000 per year.

[00:19:50]Over 20 years, that is $120,000 in additional government benefits simply because the money was in the right account.

[00:19:57]The second thing nobody talks about, the OAS clawback and why deferral can backfire for high earners. I told you to defer OAS to 70. That is correct advice for most Canadians, but it is wrong advice for some and I need to explain why.

[00:20:11]The OAS clawback, officially called the OAS recovery tax, starts when your net income exceeds $95,323 for the 2026 benefit year. For every dollar of net income above that threshold, you repay 15 cents of OAS.

[00:20:26]The full OAS is clawed back entirely at approximately $154,000 of net income for seniors 65 to 74.

[00:20:35]Now, think about what happens when you defer OAS to 70. Your OAS payment is 36% higher, but your net income in your 70s might also be higher because of RRIF mandatory minimums, pension income, CPP income, and any investment income.

[00:20:50]If your combined income pushes you above the clawback threshold, the OAS you deferred, the OAS you waited five years to collect, is being clawed back.

[00:21:00]You waited five years. You receive no income during those years. And now that you finally receive it, the CRA takes 15 cents of every dollar back because your income is too high. For Canadians with combined retirement income above approximately $85,000 per year, OAS deferral needs to be modeled carefully.

[00:21:16]The 36% deferral bonus might be partially or fully offset by the clawback. A fee-only financial planner can run the numbers specific to your income profile. The general rule, if your retirement income will consistently be below 75,000 per year, deferring OAS is almost always beneficial. If your retirement income will exceed 95,000, deferring may create a higher clawback that erodes the benefit of waiting.

[00:21:39]The Goldilocks zone for OAS deferral is between 65 and 85,000 in retirement income. The third thing nobody talks about, enhanced CPP and what it means for Canadians under 55.

[00:21:51]If you are watching this video and you're under 55, the CPP that you will receive is not the same CPP your parents received. The CPP enhancement, which began phasing in during 2019, increases both contributions and future benefits. Under the original CPP, the maximum replacement rate was 25% of your average earnings up to the YMPE. Under the enhanced CPP, the replacement rate increases to 33.33% of earnings up to the YMPE, plus an additional benefit on earnings between the YMPE and the YMP. For 2026, the YMPE is $74,600 and the YMP is $85,000.

[00:22:30]The CPP to contribution rate of 4% applies to earnings between these two amounts. What does this mean in practice? A Canadian worker who earns above the YMP for 35 or more years under the enhanced CPP will receive a higher CPP retirement benefit than is currently possible.

[00:22:45]The enhancement is fully phased in by approximately 2065.

[00:22:49]Workers who are contributing now are building toward a CPP that will replace a larger share of their pre-retirement income. But here is the important detail. The enhanced CPP helps younger workers more than older workers.

[00:23:02]If you are 60 today, you contributed under the enhanced rates for only 7 years. The enhancement to your benefit is minimal.

[00:23:09]If you are 35 today, you will have contributed under the enhanced rates for your entire remaining career.

[00:23:14]The enhancement to your benefit is significant. For anyone over 55 reading this, the five decisions I described in this video are your primary tools. The CPP enhancement will add very little to your benefit because you did not contribute at the enhanced rates for enough years. Your strategy is deferral, not hoping for enhancement.

[00:23:32]The fourth thing nobody talks about, the three myths that cost Canadians the most money. Myth number one, I should take CPP as soon as possible because I might not live long enough to benefit from deferral. This is the most common myth.

[00:23:43]And it is mathematically wrong for the majority of Canadians.

[00:23:47]The break-even point for CPP deferral from 65 to 70 is approximately 74 to 76 years old. The average Canadian male who reaches 65 lives to 85.

[00:23:57]The average Canadian female who reaches 65 lives to 87.

[00:24:01]You have a 75 to 80% probability of living past the break-even point. You are betting against yourself. The only Canadians for whom early CPP makes financial sense are those with a diagnosed terminal condition, those who have no other income source and need CPP to survive, or those whose family longevity is significantly below average. For everyone else, the math favors deferral.

[00:24:23]Myth number two, OAS is automatic, so I do not need to do anything. OAS is not automatic. You must apply.

[00:24:30]Service Canada recommends applying 6 months before you want to start receiving OAS.

[00:24:35]If you do not apply, you do not receive it. And if you want to defer OAS, you need to actively request the deferral when you apply, or you'll be enrolled at 65 by default.

[00:24:45]Many Canadians lose months of enhanced OAS because they assume it starts automatically. It does not. You have to tell Service Canada that you want to defer. If they enroll you at 65 and you wanted to defer, reversing the decision is possible, but complicated. Apply 6 months before your 65th birthday and clearly indicate whether you want to start at 65 or defer. Myth number three, CPP contributions are a tax. I will never see that money again.

[00:25:10]CPP is not a tax. It is a forced savings program with a guaranteed inflation index lifetime return.

[00:25:16]The return on CPP contributions is approximately 6 to 8% per year on a real inflation adjusted basis for the average contributor based on actuarial analysis from the Chief Actuary of Canada. No GIC, no bond fund, and very few equity portfolios deliver a guaranteed inflation adjusted 6 to 8% return for life with zero market risk. CPP is the single best investment most Canadians will ever make. The problem is not the investment. The problem is that Canadians withdraw the investment too early and lose 36 to 42% of the return by taking it before the optimal age.

[00:25:50]Now, let me address one more scenario that is specifically relevant for lower income Canadians because everything I have described so far assumes you have RRSP or TFSA savings to fund the gap years.

[00:26:01]What if you do not? If you have no savings and no pension, deferring CPP may not be possible. You need income to live. In this case, the strategy changes. Take CPP at 65, not at 60.

[00:26:13]Even if you cannot defer to 70, avoiding the 36% early reduction by waiting from 60 to 65 saves you hundreds of dollars per month for life. Take OAS at 65 because you likely qualify for GIS. And GIS is only available if you are receiving OAS. You cannot defer OAS and receive GIS simultaneously. For GIS eligible Canadians, deferring OAS is almost always the wrong decision because the GIS benefit you forego during the deferral period exceeds the 36% enhancement you gain.

[00:26:42]This is the critical nuance that generic retirement advice misses. The optimal strategy depends entirely on your income level. High income Canadians should defer both CPP and OAS to 70 while melting down the RRSP.

[00:26:55]Low-income Canadians should take OAS at 65 to trigger GIS eligibility and defer CPP only if they have enough savings to fund the gap. The TFSA pipeline is critical for both groups but for different reasons. For high earners, it avoids the OAS clawback. For low earners, it protects GIS eligibility.

[00:27:14]One system, two completely different strategies. Same goal, maximize lifetime government income. Here's your action checklist. Seven things to do this month. One, log in to my Service Canada account and check your CPP estimate at 65. That is your baseline.

[00:27:29]Every strategy in this video starts from that number. If you do not know it, you cannot plan.

[00:27:34]Two, if you are between 60 and 64 and considering taking CPP early, run the math on the permanent reduction first.

[00:27:41]The reduction is 0.6% per month. Every month you take it before 65 costs you that percentage for life. Use the Globe and Mail's CPP calculator or the Sun Life CPP calculator. Both are free.

[00:27:53]Three, if you are 65 and healthy, seriously consider deferring both CPP and OAS.

[00:27:59]The CPP deferral is 0.7% per month, 8.4% per year, 42% at 70. The OAS deferral is 0.6% per month, 7.2% per year, 36% at 70. No investment in Canada offers a guaranteed, inflation-indexed, government-backed 8.4% annual return.

[00:28:18]None. Four, if you are married or common law, look into CPP sharing. Call Service Canada at 1-800-277-9914 and ask about forms ISP 1901 and ISP 1902.

[00:28:33]The process takes about four to six weeks. Five, if one spouse has eligible pension income, file form split up to 50% of that income.

[00:28:44]This can save $3,000 to $6,000 per year depending on the income gap between spouses. Six, if you're considering deferral, plan your gap year funding now.

[00:28:53]You need enough in RRSP, TFSA, or non-registered accounts to cover living expenses between retirement and 70.

[00:29:00]A fee-only financial planner can model the exact amount. Seven, check your residency years for OAS. You need 40 years of Canadian residency after age 18 for the full OAS pension. If you lived outside Canada for extended periods, your OAS may be prorated. 20 years of residency gives you half the maximum. 30 years gives you 3/4. Every year below 40 reduces your OAS by 1/40. Let me close with one number that should change how every Canadian thinks about CPP and OAS.

[00:29:27]The difference between the lowest possible combined CPP and OAS payment and the highest possible combined CPP and OAS payment is approximately $2,200 per month.

[00:29:37]$26,400 per year.

[00:29:40]Over 25 years of retirement, that is $660,000.

[00:29:45]$660,000 in government benefits that exist inside the same system, available to anyone who understands how the five decisions work.

[00:29:52]The system is not broken. The system is not unfair. The system pays exactly what it is designed to pay based on the decisions you make. The problem is that nobody explains the decisions before you make them. Nobody sits you down at 58 and shows you the math. Nobody at Service Canada says, "Here is what happens if you wait 5 more years." That is what this channel is for. This is Kevin.

[00:30:13]If this video showed you how the CPP and OAS system actually works and how five decisions can be worth $455,000 to your household, hit the like button right now. It takes 1 second and it helps this video reach more Canadian families before they make the decisions that lock them in for life. Drop a comment.

[00:30:30]What age are you planning to take CPP?

[00:30:32]Just the number. 60? 65? 70?

[00:30:35]The answer distribution tells me exactly what the next video needs to cover. I know a lot of you are checking your My Service Canada account right now and I always say, talk to a qualified tax professional about your specific situation. But, if you want to understand the basics before you make that call, that is what the Retiree's AI Research Guide is for. It helps you show up prepared. kevinretires.shop Link in the description. I will see you in the next one.