Consider Inflation when deciding when to begin CPP

Consider inflation when deciding when to begin CPP

– the higher the inflation rate, the bigger the benefit of waiting.

Inflation has a significant bearing on when to start a CPP retirement pension.  With inflation at its highest in 30 years, now is a good time to revisit the factors involved in deciding when to draw CPP.

  • Two separate measures of inflation come into play when calculating CPP
  • Inflation affects age-based discounts and enhancements to CPP

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