Tag Archives: Canada Pension Plan

When to Start Receiving Old Age Security Benefits

Previously the Old Age Security (OAS) benefits were automatically paid to eligible recipients when they reached 65 years of age. In 2013 the government gave recipients the option of deferring these payments for up to 5 years. This results in an increase in the monthly benefit eventually received. If a Canadian defers these payments for…
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Changes in Canada Pension Plan (CPP)

Why are these changes needed On January 1, 2019, the Federal government started making enhancements to the Canada Pension Plan (CPP). These changes are being made to cope with the increasing number of people who will be retiring in the future without any savings. Right now there are about 4.8 million people in Canada over…
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