Canada Pension Plan (CPP)

The Canada Pension Plan (CPP) is a social insurance program that provides retirement, disability, and survivor benefits to eligible Canadians. Funded through contributions from workers and their employers, the CPP helps ensure financial security when a person retires or faces certain hardships. Contributions are based on earnings, and the amount received as benefits depends on your contribution history and age at retirement. It is designed to supplement other sources of retirement income, such as personal savings and employer pensions, helping Canadians maintain their standard of living in later years.