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5 Changes to CPP Retirement Benefits and How They Affect Canadians

changes to CPP

The Government of Canada has stated that the long term sustainability of the Canada Pension Plan (CPP) is threatened by increasing demands being placed upon it. Consequently, ongoing changes to CPP are being implemented in an effort to alleviate that concern. This article focuses on these changes and how they affect Canadians.

Maximum Pension Amount

The CPP provides a monthly retirement pension to contributors. In 2013, the maximum amount, when applying at age 65, is $1,012.00 per month ($12,144.00 per year).

What Changes to CPP are Being Made?

The following information, obtained from the Serv...

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