You also get credits for delaying your CPP claim — a credit for each year past age 60 that you delay. This translates into an 8.4% increase in your monthly benefit, per year, up to a maximum of ...

Think of CPP as the tree you keep watering with your contributions for decades for it to bear fruit at the time of retirement. In most cases, it’s not enough to help a retiree survive ...

Don’t make this potentially costly assumption about the CPP survivor’s pension Rob Carrick Personal Finance Columnist Published January 12, 2022 Updated January 14, 2022 ...

The average Canadian receives less than $700 per month in CPP benefits. Once necessities like food and shelter are accounted for, there’s not a lot of money left to live on.

For CPP deferral purposes, life expectancy should be measured from age 65 using an updated Canadian Pensioners’ Mortality table rather than rates based on the general Canadian population.