December 11, 2020 - Benefits Canada

Canadians taking CPP at 60 losing $100,000+ in retirement income: study

The average Canadian taking Canada/Quebec Pension Plan benefits at age 60 instead of waiting until 70 can expect to lose more than $100,000 of secure lifetime income, according to a new research paper by Ryerson University’s National Institute on Ageing and the FP Canada Research Foundation.