Bonnie-Jeanne MacDonald from the National Institute on Ageing has shown repeatedly that the average Canadian who claims CPP at 60 instead of 70 leaves more than $100,000 of secure, inflation-protected income on the table. She calls delaying CPP the best retirement deal in Canada. And yet most people walk right past it.

Deferring your CPP payments means you’ll receive more each month when you do begin to take it. “The first thing people should do if they’re getting ready for retirement is to figure out ways to delay their CPP so they can get this really low cost, high-quality pension plan,” says Bonnie-Jeanne MacDonald, director of financial […]

Nearly nine million Canadians are expected to draw from the Canada Pension Plan (CPP) by 2050, making its projected long-term strength a defining pillar of the nation’s retirement landscape, according to the Office of the Superintendent of Financial Institutions. As more Canadians age into their CPP benefits, a study by the National Instute on Ageing […]