Wednesday, August 6, 2014

Government Pensions

4:32 PM



Question:

If I take my CPP at the age of 61 and OAS at 65 does the software automatically do the calculation or do I enter it in as other income?

Answer:

The software will estimate the CPP based on your annual earnings (provided in the Financial Information page), and apply the early retirement reduction if you select the option to get an estimate.

The OAS amount will be based on the age of commencement and year of Canadian residency.

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