The Canada Pension Plan

The Canada Pension Plan (CPP) is a government program providing retirement, disability, and survivor benefits to Canadians who have contributed through payroll deductions during their working years. Contributions are based on earnings, and the amount received depends on the contributions made over time. Generally, you start receiving retirement benefits at age 60 or later, with the amount adjusted based on your contributions and age at retirement. The CPP helps ensure financial support after retirement or in case of disability, supplementing other income sources like personal savings or the Old Age Security program.