The Canadian Pension Plan (CPP) is an excellent source of income for Canadians. It basically forces Canadians to save for their retirement, and once retirement hits: there it is, waiting for you. Yet ...

The Canada Pension Plan (CPP) is income for life once the monthly pension payment begins, whether at age 60, 65, or later. This taxable benefit replaces pre-retirement income, but not all of it.

You can supplement CPP income by holding the iShares S&P/TSX 60 Index Fund (TSX:XIU) in a TFSA. If you’re a Canadian nearing retirement age, you’ll soon have a big decision to make: whether to take ...