Canada offers robust retirement programs to support the seniors. These retirement programs include Old age security and CPP. Many Canadians are choosing to stay in the workforce even after the age of 70 either for financial support or their personal fulfillment. That’s why understanding How To Work At 70 While Receiving CPP & OAS Benefits is important for retirees and seniors to make informed decisions about income, retirement planning and more. Let’s see how residents can work at this age and what’s the impact of working on CPP and OAS Benefits.
How To Work At 70 While Receiving CPP & OAS Benefits
Canada Pension Plan is a government run pension payment which is funded through employee and employer contributions. The residents can begin collecting this payment early at age 60 years but if benefit is delayed until 70 years, the residents can get maximum monthly payment due to deferred increases. Old Age Security is a per month benefit that is funded via general tax revenues. It’s available to most Canadians who are aged 65 or older. Let’s see How To Work At 70 While Receiving CPP & OAS Benefits and if residents stops working at 70 years of age then what’s the seniors and retirees can miss?
CPP & OAS Benefits At 70 Years of Age – Overview
| Post Title | How To Work At 70 While Receiving CPP & OAS Benefits |
| Year | 2025 |
| Country Name | Canada |
| Program Details | Old Age Security / Canada Pension Plan |
| Administering Agency | Canada Revenue Agency / Service Canada |
| Can You Work At 70 & Still Receive CPP? | Absolutely but after 70 no contributions will be added |
| CPP Retirement Age | Early start at 60 but ideal age is 65 |
| OAS Retirement Age | 65 Years |
| Can You Work While Receiving OAS? | Yes, but seniors face OAS clawback |
| Post Category | Finance |
| Taxability Status | Both Taxable |
| Official Portal | www.canada.ca |
Can You Work At 70 & Still Receive CPP?
Yes, the residents can work while getting CPP even if they start collecting the CPP at age 70 years. In fact, continuing to work after 65 years of age and making CPP contributions allows the residents to qualify for post retirement benefit which is a supplementary monthly payment that is added to CPP Payments. Canada Pension Plan benefits are not clawed back for earning employment income. If the residents are under age 70 years and working while getting CPP, the residents must contribute unless they opt out. After the age of 70 years, the Canada Pension Plan contributions are no longer required. For Example; If you are 70 years of age and still working and collecting CPP then residents will continue to get base CPP pension plus Post retirement benefits accumulated between ages 65 to 70.
Can You Work While Receiving OAS?
Yes, the Old Age Security recipients are allowed to work and earn additional income but there is an important condition: OAS Clawback or Recovery Tax. If the net world earnings gets over threshold then the resident needs to give back part of the OAS or entire pension amount. The income thresholds are:
| Recovery Tax Period | Income Year | Minimum Income Recovery Threshold | Maximum Income Recovery Threshold | |
| Age 65 – 74 Years | Age 75 or older | |||
| July 2024 – June 2025 | 2023 | $86,912 | $1,42,609 | $1,48,179 |
| July 2025 – June 2026 | 2024 | $90,997 | $1,48,451 | $1,54,196 |
| July 2026 – June 2027 | 2025 | $93,454 | $1,51,668 | $1,57,490 |
The repayment amount is as per the difference between the earnings and threshold amount. The 15% of the difference amount must be repaid. As the limit for 2023 is $86,912 and if the resident has income of $1,00,000 then the repayment amount is: $1,00,000 – $86,912 = $13,088: $13,088*15% = $1,963.2. So the resident needs to repay $1,963.2 for July 2024 – June 2025.
FAQ Related To How To Work At 70 While Receiving CPP & OAS Benefits
Once the resident starts claiming CPP, it will continue regardless of whether the resident works or not. But after age 70 years, the contributions will be stopped.
If the income exceeds the threshold then a portion of the old age security will be clawed back through a recovery tax.
For the current July 2024 – June 2025 period, the earnings limit for old age security is $1,42,609 and $1,48,179 based on age.
The residents can verify the CPP and OAS Benefits with its rules through Canada.ca page or Service Canada portal.
