Contributions to the Canada Pension Plan have gone up in 2024. Here’s why, and how much more you’ll pay as an employee or as a freelancer. The second phase of the Canada Pension Plan (CPP) enhancement ...

Retirees should continue to keep an eye on announcements from the Canada Revenue Agency (CRA), especially the Canada Pension Plan (CPP). That’s because rules and benefits can change, and you don’t ...

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.

Changes to the CPP were announced in 2016 to address the shrinking number of Canadians with workplace pension plans. Research showed that many families weren’t saving enough for retirement, and that ...

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 ...

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.