Born Before 1967? 4 CPP and OAS Changes Hitting Your Birth Year In 2027

Get The Canadian Seniors' Money Playbook here: https://jakemorrison.gumroad.com/l/Playbook In 2027 the rules for your CPP, your Old Age Security and your retirement savings split into four groups, and the only thing that decides your group is the year you were born. Two neighbours can do exactly the same thing next year, and one of them can find her whole retirement savings counted as income in a single year. Find your birth year, find your group, and if you're married, find your spouse's group too, because the money is in the gap between them. What we cover: The four groups, and the CPP rule that moves every date to the month after your birthday Group 1, born 1952 or earlier: OAS goes up 10% automatically the month after you turn 75 ($838.75 a month, Oct–Dec 2026), and the RRIF minimums (5.82% at 75, up to 20% at 95+) Group 2, born 1953–1956: born in 1956? Your RRSP must mature by December 31, 2027, as a RRIF, an annuity or a withdrawal. Plus the younger-spouse election that lowers your RRIF minimum Group 3, born 1957–1962: born in 1957, there's no benefit to waiting past 70 for CPP or OAS; born in 1962, the OAS enrolment letter around your 64th birthday; don't delay OAS if you qualify for GIS; the age amount ($9,208 for 2026) and pension splitting Group 4, born 1963–1967: CPP at 60 is a 36% cut, for life The couple in two groups: the Allowance, up to $1,448.06 a month for a 60–64-year-old whose spouse is on OAS and GIS, and the Allowance for the Survivor, up to $1,726.18 What to do this month, one line per group Sources: canada.ca (OAS payments and benefit amounts, CPP and OAS start ages, the Allowance and the Allowance for the Survivor, GIS); CRA (RRSP options at 71, RRIF prescribed factors, pension income splitting, 2026 indexation); Canada Pension Plan Act s.2; Income Tax Act s.146. Amounts for October–December 2026. Checked October 2026. Two honest notes. Gord and Linda are a composite, not real people. And OAS, GIS and the Allowance are adjusted every quarter, so check the date on any figure, including mine. Free help first, always. Service Canada will tell you for free whether you or your spouse qualify for the Supplement or the Allowance: 1-800-277-9914. A community volunteer tax clinic will file a simple return for you for free. Nobody from the government will ever ask for your SIN or bank details in a comment. 📘 Get the full playbook on every pension decision, by age, in order: https://jakemorrison.gumroad.com/l/Playbook Jake Morrison is a digital presenter. Content is produced with AI narration by the Jake Morrison channel team. General information about published rules, not financial advice. Not affiliated with the Government of Canada. Your birth year and your group, below. #CanadianSeniors #CPP #OAS #GIS #Retirement