Get Application For Old Age Security Retirment Pension Fillable Form

Old Age Pension (OAP) provides financial assistance to residents ages 60 or older with little or no income, and may provide medical assistance for eligible applicants.

You can get an estimate of your monthly CPP retirement pension payments by signing in to your My Service Canada Account. If you don't have an account, you can register for one. You'll receive a personal access code to complete your registration.

You can qualify to receive Old Age Security pension payments while living outside of Canada if one if these reasons applies to you: you lived in Canada for at least 20 years after turning 18. you lived and worked in a country that has a social security agreement with Canada.

The pension indexation rate effective Jan. 1, 2022, is 2.4 per cent. Information on the calculation of this index can be found on the Government of Canada website.

Phase 1: 2019 to 2023 Beginning in 2019 through to 2023, the contribution rate on earnings has increased from 4.95% to 5.95% on the Yearly Maximum Pensionable Earnings (YMPE) which also increases each year.

The rate of the annual indexation for 2023 is 6.3%. In most cases, if you retired before 2022, the full indexation rate will be applied to your pension.

CPP Indexing The indexing rate (COLA) for current pension recipients for January 2023 is 6.5%, based on the average CPI from November 2021 to October 2022.

The amount is divided by the monthly average for the first period and multiplied by 100, as follows: 148.8 - 140.0 = 8.8. (8.8 ÷ 140.0) x 100 = 6.3% (indexing rate for 2023)