Why does my TIME MACHINE CPP estimate differ from the statement estimate?
Where to find it: CPP/QPP and OAS
First compare the same start age and the same dollar basis. The estimate shown after saving the contribution table is an age-65 comparison calculation. The TIME MACHINE projects your actual scenario, including the future employment income and pension start date you entered.
For example, retiring several years before starting CPP creates years without employment contributions. An estimate that assumes continued earnings can therefore differ from your early-retirement scenario. Future earnings above or below your past career average can also change the result.
Review the history in CPP/QPP and OAS: confirm that the detailed table is selected, the years and pensionable earnings match your statement, and the CPP/QPP plan selection is correct. Check future salary dates and amounts, child-rearing information in DEPENDENTS and any entered disability periods.