People who are not yet retired will see an increase in their CPP benefits when they retire, thanks to a program called CPP Enhancement. CPP enhancement aims to increase the percentage of a person’s ...

In Canada, no retirement plan is complete without considering the CPP. Whether you’re approaching retirement or still several years away from it, the Canada Pension Plan will likely play a role in ...

In 2024, the maximum Canada Pension Plan (CPP) benefit for those who begin receiving it at age 65 is $1,364.60 per month. However, not many Canadians actually receive it. In fact, the average monthly ...

While you are getting a higher annual payout at age 70, the cumulative CPP payout is higher at age 65, as you have been receiving the payout for a longer time. At age 80, the cumulative CPP payout is ...

CPP enhancement works by increasing the amount that people pay into CPP, thus increasing the pool of investments backing the program. The CPP is funded by a combination of stocks, bonds, real estate, ...