Pensions

You must have worked and made at least one valid contribution (payment) to the CPP to qualify for a CPP retirement pension. The standard age to begin receiving the pension is 65. However, you can take a permanently reduced CPP retirement pension as early as age 60 or take a permanently increased pension after age 65.

When should I take my retirement pension?

Before you decide when to take your retirement pension, you should consider the following:

How your age will affect your monthly payment
Whether you plan on working while receiving your pension
How much and how long you have made contributions to the CPP
Your personal savings, investments or company pension plan
Your retirement planning and lifestyle you want when you retireYour current health, family health history or any disabilities

Website: https://www.canada.ca/en/services/benefits/publicpensions/cpp.html

Old Age Security (OAS):

The Old Age Security (OAS) pension is a monthly payment available to most people 65 years of age and older who meet the Canadian legal status and residence requirements.

Your employment history is not a factor in determining eligibility: you can receive the OAS pension even if you have never worked or are still working.

Am I eligible?

If you are living in Canada, you must:

Be 65 years old or older
Be a Canadian citizen or a legal resident at the time we approve your Old Age Security pension application, and have resided in Canada for at least 10 years after turning 18

Website: https://www.canada.ca/en/services/benefits/publicpensions/cpp/old-age-security/payments.html