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If you take CPP at age 60, you will lose 36% of your benefits — but there are 8 instances where claiming early actually makes a lot of sense. How many apply to you?

If you’re planning to take CPP early, you’ll reduce your monthly cheque by up to 36%. So why would anyone want to do that?
The Motley Fool Canada

Here’s the Average CPP Benefit at Age 60 in 2024

In a recent article, I estimated the average Canada Pension Plan (CPP) benefit at age 60 in 2024. I came up with the estimate by taking the average amount for new recipients at age 65 and using the ...
The Globe and Mail

Your CPP questions answered: I took CPP early but then changed my mind. Can I reverse the decision?

Sign up for the Globe Advisor weekly newsletter for professional financial advisors on our sign-up page. Get exclusive investment industry news and insights, the week ...
The Motley Fool Canada

Here’s Why 3/50 is the CPP’s Most Important Number

As you can see, the person taking CPP at 65 is already profiting by age 74. And with the average life expectancy in Canada being 82 years, there’s good reason to think you’ll still be alive and ...