Quote:
Originally Posted by opendoor
I might be wrong, but I think you can do a very rough estimate by taking your contribution period vs. the max (39 yrs) and then your average earnings in those years vs. the max pensionable amount and then use that percentage against the maximum benefit (~$1,300/month) to get an idea of what you'd get.
So 7-8 years would be 18-20% of the period, then it's just a question of what % of the max your contributions were. If it was part-time work during high school/university it might be 15-30% of the max, or if it was full-time work in a career it might be more like 75-100%. If it was combination of both (say 50%), that would put you at about 10% of the max amount. That'd be $125-130/month in today's dollars starting at age 65.
But obviously there's a lot more that goes into it. As mentioned above, if you create a My Service Canada account, you can probably get a better idea.
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You could do that, but Service Canada can basically just give you the answer.