The CPP enhancement will increase your pension payout in retirement. But you still need other income sources to supplement the CPP. In 2019, Canada announced the CPP (Canada Pension Plan) enhancement ...

CPP payments are a crucial lifeline for many Canadian retirees. Research from Statistics Canada shows that the average Canadian retiree has only $129,000 in RRSPs by the time he/she hits age 65.

The Canadian government introduced the Canada Pension Plan (CPP) in 1965 to help residents lead a comfortable life in retirement. The CPP is a monthly taxable benefit that aims to replace a portion of ...

Have you ever wondered how much Canada Pension Plan (CPP) you would get if you took the benefits at a particular age? As you may know, the annual benefits increase with each year you delay taking ...

For many years, I have recommended that people start their CPP pensions at age 70. As the chart below shows, this isn’t when most people actually start to collect CPP. In fact, only 4 per cent of ...

The next Canada Pension Plan and Old Age Security payments are scheduled to hit bank accounts on Thursday. The Canada Pension Plan (CPP) is a monthly, taxable payment that anyone 60 years or older is ...

All working Canadians aged 18 to 65 who earn over $3,500 annually must contribute to the Canada Pension Plan (CPP) retirement pension. Contributions past 65 are voluntary for users working until 70.

For anyone thinking of starting their CPP pension soon, this is the time of year when we find out the exact optimal starting date. With three months left in 2024, we now have enough information on ...