I'm planning for retirement
Understand how CPP, OAS, and your own savings fit together.
SS
Sandeep Singh
Last reviewed July 15, 2026
Reviewed for accuracy and clarity by Sandeep Singh before publication. Learn about our editorial process.
Why this matters
Retirement income in Canada comes from several sources at once — government benefits and personal savings — and the timing decisions you make about each one matter more than most people realize.
Your priorities right now
- 1Understand how CPP and OAS actually work, and when to start each
- 2Know the tax mechanics behind RRSP withdrawals in retirement
- 3Think through the order you'll draw down different accounts
Common mistakes to avoid
- Not knowing that CPP timing (60 to 70) significantly changes the amount
- Assuming OAS is guaranteed in full regardless of income
- Not having a withdrawal order in mind before retirement starts
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Key terms
If any of this feels like a lot to take in, a free check-up can help you prioritize.
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