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CLWhen should you start CPP? Earlier… or later?
Many Canadians approaching retirement struggle with the decision of when to start their Canada Pension Plan (CPP) benefits.
Your CPP entitlement is based on how much you contributed and for how long, with full benefits available at age 65. But you also have options:
- Take CPP as early as 60 at a reduced amount
- Delay your CPP for a higher monthly benefit later on
So what’s the right move?
The answer depends on your personal situation - including your health, retirement income needs, and whether you have other pension income to rely on.
There’s no one-size-fits-all strategy. The right timing can make a meaningful difference in your retirement income.
📩 Curious about the optimal time to start your CPP?
Book a meeting today to see your Clear Path to Financial Clarity:
https://calendly.com/cpfp-admin/introductory-meeting
@clearpath_financial
