CPP payments: How much will you get from Canada Pension Plan in retirement?

Author: External Author | | Categories: Law firm , Lawyer , Legal Consulting Services

When planning for retirement, the first piece of advice I give is not to plan on getting the maximum. When you look at the average CPP payment, it’s just a little over $640 per month, which is a long way from the maximum. In other words, not everyone gets the maximum. At the most basic level, the amount you get from CPP depends on how much you put into CPP.

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Original Article Source Credits:   Retire Happy , https://retirehappy.ca/

Article Written By:   Jim Yih

Original Article Posted on:  January 24, 2020

Link to Original Article:  https://retirehappy.ca/how-much-will-you-get-from-canada/