The Canada Pension Plan (CPP) rule is simple: what you contribute is what you get. To earn maximum CPP payout for the long term, you have to invest maximum to the CPP for the long term. In an ideal ...

The CPP, or Canada Pension Plan, was launched in April 1965 to support Canadians in retirement. Any individual over the age of 18 who works in Canada (with the exception of Quebec) and earns more than ...

Two powerful forces collide in the decision about when to start Canada Pension Plan benefits as an early retiree. To start, there’s the 36-per-cent reduction in benefits at 60 compared with 65. Can ...

Retirees should continue to keep an eye on announcements from the Canada Revenue Agency (CRA), especially the Canada Pension ...

Finance Minister Chrystia Freeland says she has asked the Office of the Chief Actuary to calculate a “reasonable” amount Alberta could be entitled to if they pull out of the Canada Pension Plan. This ...

It continued that “For 2023, the maximum monthly amount you could receive if you start your pension at age 65 is $1,306.57. [However,] the average monthly amount paid for a new retirement pension (at ...

Ottawa will provide Alberta with an estimate of how much money it would receive from the Canada Pension Plan if the province were to exit the national retirement system, federal Finance Minister ...

Gone are the days of relying on a single source of income. Inflation has increased the cost of living to such an extent that nothing short of the maximum Canadian Pension Plan (CPP) payout seems ...

The maximum Canada Pension Plan (CPP) payment for new beneficiaries in 2023 is $1,306.57. However, you must have contributed enough or at least 39 years to receive the max. A pension claimant at 65 ...