Canada · CAD · Pension guide

Canada pension and retirement planning guide

Combine personal CPP or QPP, OAS and employer pension estimates with accessible savings. See which years need the largest withdrawals in Canadian dollars.

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What can this calculator estimate?

It compares spending, manually entered pensions and accessible savings in CAD, in today's purchasing power.

Use your own after-tax pension estimate. Read the full example

Gather the individual income forecasts

Canada's official retirement calculator considers CPP or QPP, OAS, employer pensions and retirement savings. Use your contribution statement and residence history when getting those estimates. Enter the net amounts and start dates appropriate to your own plan rather than a headline maximum.

Distinguish account balance from spendable capital

RRSP, RRIF and TFSA balances do not have identical withdrawal tax consequences. This model has no account-specific tax engine or mandatory withdrawal schedule. Prepare a consistent after-tax plan before combining resources; do not describe a pre-tax balance as fully spendable cash.

Compare the bridge for each person

One partner can stop work or start benefits before the other. Separate payment schedules when they differ and keep the spending scope consistent with the income scope. More than three distinct schedules, benefit clawbacks and changing income-tested benefits require a more detailed plan.

Using the calculator

Gather CPP or QPP, OAS and employer pension estimates for the dates you are comparing.
Check account taxation before determining accessible capital.
Keep an individual's income and spending separate from a household total unless both sides include the same people.
Use today's purchasing power for every amount. Compare more than one return, spending target and planning horizon.

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Official sources & pension overviews

Government of Canada · Retirement Income Calculator ↗

Sources checked October 4, 2026. Manual pension amounts. No eligibility, tax calculation or future benefit reassessment. This model assumes steady returns and is not a probability of success.