Canadians eagerly await their monthly CPP and OAS payments, scheduled for Wednesday. CPP, a taxable benefit for seniors, varies based on retirement age, contributions, and duration. Maximum monthly CPP is around $1,433, with an average of $848.37. OAS payments range from $740.09 to $844.00, depending on age. Continuing work before age 70 can boost future retirement income. CPP contributions can be split between couples in case of separation or divorce. Final payments for this year are on December 22nd, with next years payments due near the end of each month.
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