A monthly, taxable benefit that replaces a portion of the applicants income upon retirement. Those who qualify for the Canada Pension Plan (CPP) will receive the retirement pension for the rest of their life.
Individuals aged 60 to 69 can continue to work while receiving CPP. CPP contributions will then go toward post-retirement benefits (PRB) which will increase income upon retirement.
Open to all Canadians who have made at least one valid contribution to the CPP and are 60 years of age or older.