Canada has introduced several plans to help its retiring citizens enjoy a better quality of life by supplementing their retirement income through the golden years of their lives. One such measure is the Canadian Pension Plan (CPP). It was created to facilitate a basic income for retired Canadian citizens.
However, the various pension plans like CPP were not designed to become your only income source during retirement. These plans are meant to supplement your retirement income. When you turn 18, you are legally obliged to begin contributing to your CPP so that it can provide you with partial retirement income.
Fortunately, […]
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