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Wealth Professional | 30 Jan 2014, 06:20 AM Agree 0
The majority of Canadians are looking to the government to fund their golden years, according to an RRSP survey.
  • Ken MacCoy, CHS | 30 Jan 2014, 01:23 PM Agree 0
    Excellent article Sophie. These 'ostrichs' believe they will receive the maximum CCP benefit of $1038.33 (as of Jan.2014) at age 65, when in fact the average CPP benefit was $594.19 (as of Oct.2013) - source: http://www.servicecanada.gc.ca/eng/services/pensions/cpp/payments/index.shtml
    Imagine their surprise when they apply early and the CPP is further reduced! If these peoplecontinue to subscribe to the Alpo Retirement Plan, Kraft dinner might actually be a treat!
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