Did you know that Canada has one of the world's most reliable pension plan systems? In a 2020 study, Canada ranked 9th out of 39 countries for sustainable and adequate pension programs. Overall, the Canada Pension Plan (CPP) is well run and managed to ensure that the benefit will be sustainable for many generations to come while providing a dignified minimum standard of living.
Despite this ranking and knowledge, many Canadians face the common fear of not reaping the maximum benefit of their contributions. Consequently, far too many Canadians begin withdrawing from the CPP as early as possible for fear they may pass away without benefiting from the fund. While this attitude is understandable, it's often more harmful than helpful, and in this video, we'll look at why.
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Regan Schiller holds his Certified Financial Planner, Registered Retirement Consultant and Certified Life Underwriter designations. He is an Executive Financial Consultant licensed under Investors Group Securities Inc.
Негізгі бет How to Maximize Your Canada Pension Plan (CPP) Benefits
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