Working past 65 is the duct tape of retirement planning. It’ll fix a lot of problems. If you were unable to save enough to retire, working past 65 helps you put more money away and reduces the number ...
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 ...
In a recent article, I estimated the average Canada Pension Plan (CPP) benefit at age 60 in 2024. I came up with the estimate by taking the average amount for new recipients at age 65 and using the ...
The Canada Revenue Agency (CRA) offers several retirement benefits to Canadians after they turn 65. You automatically become eligible for Old Age Security (OAS) and Guaranteed Income Security (GIS) if ...
If you're a parent who is currently taking or has previously taken time off to raise your children, you may be entitled to more money going towards your CPP retirement pension. According to the ...
The federal government’s decision to double the Canada Pension Plan’s death benefit for a small group of contributors has put a spotlight on the adequacy of the amount itself. The standard benefit is ...
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