Section
How the Canada Pension Plan differs from Old Age Security and the Guaranteed Income Supplement, and how CPP coordinates with Quebec's QPP.
The programs
CPP is based on contributions from work. Old Age Security and the Guaranteed Income Supplement follow their own rules. A 2.0% CPP adjustment is not a 2.0% increase to a person's entire retirement income.
OAS vs CPP
CPP benefits are indexed once a year, each January. Old Age Security amounts are reviewed quarterly. The two programs protect against rising prices on different schedules.
Quebec & QPP
The CPP generally covers work outside Quebec; the Quebec Pension Plan covers eligible work in Quebec. For careers that span more than one province, the two plans coordinate.
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Changes to CPP, OAS and QPP, adjustment rates and payment dates — summarized on one page. Signing up does not file anything with Service Canada, change a benefit, or trigger a payment. All articles stay free to read.
