By how much will his cpp pension change by retiring at this, Financial Management

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By how much will his cpp pension change by retiring at this

1. Has decided to retire at 62yrs and 6 months of age. Starting CPP retirement pension at age 65, he would have received $800/mo. By how much will his CPP pension change by retiring at this age?

2. Assume OAS has a clawback rate of 15% on income above $78,000. Jagit is presently receiving $600/mo OAS but his yearly income is $90,000, including OAS. How much OAS will be clawed back from Jagit?

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