The Old Age Security (OAS) and Canada Pension Plan (CPP) are the important foundations of Canada’s retirement system. Both pensions are guaranteed lifetime incomes for would-be retirees. Unfortunately, you must have personal savings besides the two benefits to living comfortably in retirement.
If you have zero savings, don’t push your luck too far . The Canada Pension Plan Investment Board (CPPIB), fund manager of the CPP fund, tells Canadians it’s wrong to assume the CPP pension (and OAS) can cover all your financial needs in retirement. Partial replacements
Canadians who reach age 65 will are entitled to receive the […]
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