Should I take CPP at 60 or 70?
Early CPP reduces monthly payments permanently. Delaying increases them. Health, employment, and other income determine the best choice.

Estimate combined government pension income at different CPP start ages. Plus a behavioral lens on hyperbolic discounting so the math matches your mindset.
Educational estimates only. Not personalized advice. Data targets 2026 Canadian rules.
Behavioral lens: Hyperbolic discounting
Cash at 60 feels urgent. Higher payments at 70 feel uncertain. Hyperbolic discounting makes early CPP look smart until you model lifetime income, not just the first cheque.
Model start age with your full retirement picture
PsyFi projects government pensions alongside spending habits and portfolio drawdown.
Model retirement in PsyFiEarly CPP reduces monthly payments permanently. Delaying increases them. Health, employment, and other income determine the best choice.
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No. These are educational estimates using published Canadian rules for 2026. They are not tax, legal, mortgage, or immigration advice. Confirm current rates and your situation with qualified professionals before acting.
Estimates for education only. Not financial, tax, mortgage, immigration, or legal advice. Canadian rules and rates change. Verify current figures with qualified professionals before making decisions. PsyFi tools add behavioral context; they do not replace personalized planning.