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What would be estimated maximum monthly retirement benefit

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Q1. Ingrid is considering several scenarios with respect to her retirement. Based on her contributory period, when she turns 65 years of age in 2024, she will be entitled to a monthly CPP pension of $800. If she chooses to retire on the day that she attains 63 years of age, what would be her estimated maximum monthly retirement benefit from CPP if each month she chooses to retire early is reduced by 0.6%?

Q2. If the OAS clawback threshold is $ 77,580  and Jasmin expects to have a net income of $95,300, which includes $7,200 in OAS benefits. How much of Jasmin's OAS benefit would be subject to the clawback?

Reference no: EM133088559

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