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Kim is currently 62 years old and she is deciding when is the best time to retire. She wants to determine the amount of annual incomes from OAS and CPP that she can receive, depending on the age when she applies for the benefits.
If she retires at age 65, she would receive the following amounts:
Problem 1: How much would she get annually from OAS if she waits until her 68th birthday to start receiving the benefits?
Problem 2: How much would she get annually from CPP if she waits until her 68th birthday to start receiving the benefits?
Problem 3: How much would she get annually from CPP if she retires early on her 64th birthday?
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