137.0K
INIn the video, I outlined the maximum limits. Now let’s break down the exact rules and actual figures for 2026 for each of the three government programs.
1️⃣ CPP (Canada Pension Plan)
This is your earned pension.
– Maximum at age 65: ~$1,507 per month.
– Reality: the average payment for new retirees is about $800.
– Hidden rule: if you own a corporation and pay yourself exclusively dividends, your CPP service time is not counted (dividends are not considered pensionable income).
2️⃣ OAS (Old Age Security)
The payment depends solely on the number of years you have lived in Canada (minimum 10 years).
– Maximum (ages 65–74): ~$742 per month.
– OAS is fully taxable. If your pension income is high (from ~$93,000 per year), a clawback mechanism is triggered — the government requires you to return part of the payments.
3️⃣ GIS (Guaranteed Income Supplement)
A tax-free supplement for low-income retirees.
– Maximum for a single person: ~$1,108 per month.
– The amount is strictly tied to last year’s income and is recalculated every July.
The state pension is a foundation. It is sufficient for basic stability, but not enough to cover a mortgage, travel, or quality private care.
Financial independence in old age requires the timely use of RRSPs, TFSAs, and corporate investment structures.
Use the link in BIO to calculate your future scenario and develop a personalized investment strategy 💼
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