Your contributory period excludes any month that you received a CPP disability benefit. It ends either the month you turn 70 or the month before the month that your CPP retirement pension starts, whichever is earlier. Your contributory period begins either the month after you turn 18 or in January 1966, whichever is later. Step 1 – Calculate your number of contributory months (NCM) I’ll explain each of the steps in the calculation briefly in this article, and then you can ask questions if anything is unclear or you need more detail. If an estimate of your CPP retirement pension is not accurate enough for your purposes, you can do a more precise calculation of your CPP retirement pension.
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Otherwise, they can be misleading, especially if your future earnings will be significantly higher or lower than your previous average lifetime earnings.
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These estimates are very accurate if you’ll be eligible for your CPP retirement pension in the next few years. To calculate your CPP retirement pension, the first thing you should do is go online to the My Service Canada site and obtain your most recent CPP Statement of Contributions (SOC).Īlso on the My Service Canada site, you can request an estimate of your CPP benefits.