Canada Pension Plan and Old Age Security: An In-depth Review

Learn about CPP (Canadian Pension Plan) and OAS (Old Age Security) benefits, how and when to qualify/apply for benefits, and how other sources of income may affect them. Presented by Service Canada.

This program is conducted through Zoom.  Register to receive a reminder, the evaluation and any resource materials or click the link to join:  https://us02web.zoom.us/j/82307329262?pwd=CBECsA2q4kI8mNKDWaWGvjOhvwAbSm.1 

Part of RPL's commitment to supporting financial literacy and economic development in Regina. If you have any questions about our Business, Personal Finance or Careers programs, please contact Tim at 306-777-6013 or txie@reginalibrary.ca    

Join us for a practical guide to Canada’s core public retirement programs! This session breaks down the often-misunderstood Canada Pension Plan (CPP), Old Age Security (OAS), and Guaranteed Income Supplement (GIS) into simple, actionable information. You’ll learn how these benefits work together to form your retirement safety net - and how to avoid common pitfalls.

Key Topics Covered:

CPP (Canada Pension Plan):

• How contributions translate to retirement/disability/survivor benefits.
• When to apply (ages 60–70) and how delaying impacts your payment.
• Calculating your entitlement: Key factors like work history and average earnings.

OAS (Old Age Security):

• Who qualifies (age 65+ residency rules) and automatic vs. manual enrollment.
• Understanding the OAS clawback ("recovery tax") and income thresholds.
• The 10-year residency requirement for non-citizens.

GIS (Guaranteed Income Supplement):

• Extra support for low-income seniors: Eligibility and payment amounts.
• Why annual income renewal is critical—and how to report changes.
• How part-time work or other income affects GIS payments.

Critical Interactions & Pitfalls:

• How CPP/QPP, OAS, and GIS stack (or don’t stack) for maximum benefit.
• Tax implications: What’s taxable vs. tax-free?
• Avoiding benefit suspensions: Reporting obligations and deadlines.

Next Steps:

• How/when to apply (Service Canada portals vs. paper forms).
• Free tools: Retirement calculators and government resources.
• Planning strategies for self-employed or gaps in contributions.

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