Q&A: Canada Pension Plan Benefits

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How many years to earn the maximum payment?

Q – How many years do you have to contribute to CPP to receive the maximum amount? – Marie B.

A – The number of years you contribute is just one of the factors in determining the amount of a Canada Pension Plan retirement benefit. The amount you receive will also depend on your income over the years, whether you took some years off work (for example to raise a family), and the age at which you start to draw a pension.

If you want an estimate of how much your pension will be and have 30 minutes to spare, Service Canada has an on-line calculator you can use here.— GP



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