Should you take CPP/OAS early or defer? Enter your benefit estimates to find your breakeven age and maximize lifetime income.
Find your estimates at My Service Canada Account
2026 federal maximums
CPP: $1,365/month at age 65
OAS: $728/month at age 65
Total CPP + OAS received from age 60 to 90
Age 82
Breakeven reached before age 90
Age 74
Breakeven reached before age 90
Age 84
Breakeven reached before age 90
Total CPP + OAS income by strategy
| Strategy | Total | vs Standard |
|---|---|---|
Take Early (CPP@60 + OAS@65) | $425,760 | -$62,640 |
Standard (CPP@65 + OAS@65) | $488,400 | baseline |
Defer Both (CPP@70 + OAS@70)Best | $544,339 | +$55,939 |
Deferring CPP to 70 pays off at age 82. If you live to 90, the "Defer Both" strategy yields $55,939 more lifetime income than the standard age-65 strategy.
Deferring OAS to 70 breaks even at age 84, adding $3,145/yr once active.
Nominal figures. CPP and OAS are CPI-indexed, so the real advantage of deferral may be higher in inflationary environments.