Waiting until age 65+ to collect CPP

July 17, 2019

If you wait until age 65 or later to begin collecting a Canada Pension Plan (CPP) pension and you have contributed to CPP for your entire career, you’ll most likely not notice a significant difference in your pension income when your bridge benefit ends.

Here are three things you need to know:

  1. Your bridge benefit ends the month after your 65th birthday. But, your unreduced CPP pension will likely absorb the impact of the decrease. 
  2. Use the estimator to get an idea of how much your bridge benefit currently is. Keep in mind the estimate doesn’t include future inflation increases. To see the exact current value of your bridge benefit, sign in to your online account. We also include it on your annual Retired Member Statement (you receive this each year in the spring). This amount also doesn’t include any future inflation adjustments.
  3. You’ll be eligible to receive Old Age Security (OAS), which should also help to offset the decrease to your pension.

Need more information? Explore You and CPP.

If you have questions about CPP or OAS, contact them directly.

Year(s) worked in teaching?
When did you retire?
Your bridge benefit amount, without inflation, is about


This calculator provides an estimate of your bridge benefit amount. This is not your final bridge benefit amount. Your final bridge benefit amount will include future inflation adjustments. This calculator assumes that you contributed to both CPP and Ontario Teachers’ while you worked. It does not take partial years or part-time employment into consideration. The formula used is:

CPP adjustment factor (0.45%) X Years of service in Ontario Teachers' during which you also contributed to CPP X Year's Maximum Pensionable Earnings average or best-five salary (if less) = CPP adjustment