Collecting your Canada Pension Plan while working

While many Canadians begin collecting their Canada Pension Plan once they’ve retired, others may decide to collect it while they are still working. In this case, you may also qualify to receive the Post-Retirement Benefit (PRB) as retirement income.

If you are between the ages of 60 to 65 and continue to work, it is a mandatory requirement to contribute to the PRB through your CPP retirement pension. But if you continue to work beyond the age of 65, you have the choice to continue contributions to the PRB or stop the payments.

At a later date, if you choose to contribute once again to the PBR, you are able to do so assuming that you remain eligible and that only one change is made each year.

Contributions toward the Post-Retirement Benefit stop when you reach the age of 70.

Collecting your Canada Pension Plan while working

For more information on Post-Retirement Benefits as retirement income please visit: www.servicecanada.gc.ca/eng/services/pensions/cpp/prb/index.shtml.

Source: Government of Canada