For Canadians at or nearing retirement, the Canada Pension Plan (CPP) remains a bit of a mystery. Many people realize they’ve been contributing to it for a good portion of their lives but may not be sure when or how much they’ll receive at retirement.
Furthermore, there’s often some confusion as to whether it’s a better strategy to begin drawing pension income early at age 60 or wait until age 65. What follows are some facts that shed some light into the “black hole” known as the CPP/QPP.
Our partners at Manulife Investment Management, put together a really great piece helping you better understand your options.
Click on link to be directed.