What is the news?
On July 3, the Office of the Chief Actuary released an independent panel’s review of the 32nd Actuarial Report on the Canada Pension Plan. The panel found that the work complied with statutory requirements and relevant professional standards, and that its methods and assumptions were reasonable.
The underlying actuarial report concludes that legislated contribution rates are sufficient to sustain both the base and additional Canada Pension Plan over the long term.
- Independent review released
- July 3, 2026
- Projection horizon
- 75 years
- Panel recommendations
- Six improvements for future reports
Who is affected?
Current Canada Pension Plan recipients and people deciding when to start their pension may find the review useful context. Quebec residents participate in the separate Quebec Pension Plan, which has its own actuarial reporting.
What is the impact?
The review supports the credibility of the long-term Canada Pension Plan assessment and provides evidence against claims that the plan is about to run out of money. It does not promise that laws, rates, or benefits can never change, and it does not determine the best starting age for an individual.
What should you do?
Use the review as context, then compare your own Canada Pension Plan estimates at different start ages. A person can start the pension between ages 60 and 70; starting before 65 permanently reduces the pension, while starting after 65 permanently increases it up to age 70.
Official sources
General educational information only—not financial, pension, tax, or legal advice. Service Canada determines Canada Pension Plan entitlement, and a qualified adviser can help compare personal timing options.