A Solid 33 Minutes of CPP Knowledge Every Canadian Should Know

In this video, we’ll explore some of the key aspects of the Canada Pension Plan (CPP), including eligibility, common misconceptions, and how to calculate your CPP to estimate your retirement benefit!

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TIMESTAMPS
0:00 - Intro
0:45 - Eligibility
1:55 - How much you could receive
3:53 - Starting CPP at age 60. vs 65. vs 70
8:58 - Reasons to start CPP at age 60
15:20 - Long-term sustainability
21:54 - Calculate your CPP

This presentation is intended for information purposes only and does not constitute an offer to buy or sell our products or services nor is it intended as investment and/or financial advice on any subject matter. Every effort has been made to ensure the accuracy of its contents. Certain of the statements made may contain forward-looking statements, which involve known and unknown risk, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Returns are not guaranteed and past performance may not be repeated.
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DISCLAIMER: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Adam Bornn is not registered to provide investment advice and as such does not provide recommendations - those looking for investment advice should seek out a registered professional. Adam is not responsible for investment actions taken by viewers and his content should not be used as a basis for investment trades.

[Richard-htqk]

Invaluable information. Required listening/viewing for every 55 year old Canadian.

[James_]

The PWL site is extremely empowering and really does a great job of removing the guess work for near retirees. 2-3 years to go Adam!

[dominiquetheeasyminimalist]

This calculator is amazing, thank you so much for sharing it! It's eye opening, and it can change drastically when you decrease or increase the life expectancy.

[ronwiebe]

Very well laid out - So many people need this

[SummitMan]

Very good stuff ! Excellent épisode ! Thanks for your good works !

[Joe-hlxi]

Thx ur visual graft is much easier to see

[jrock]

HEY, I'm a fairly long way away from retirement. But i love these videos. So much information on your channel!

[SlickSydney]

Very informative. I found you at the perfect time. This is the year I make all these decisions. Thank you.

[OptimisticHominid]

Adam, at 6:38 you say "when we look at the difference between CPP at 60 and 65 it was around $2, 500 a month". I think you meant $2, 500 a year, and I think that's the difference between 60 and 70.

[markjustinthompson]

Great segment. Very helpful. I took a look at the CPP calculator. The results must be in real dollars as the benefits are constant over time. Do you know if they are presented in current dollars (2025) or in real dollars in the year our benefits start? For those of us considerably younger than 70 this can make a big difference.

[andreagraham]

Love all the Videos, thank you so much!

[KLumley]

pretty excited to learn about the calculator as we're struggling with our decision to take cpp early or not, given retirement at 55. Unfortunately, the calculator wouldn't work for us on our MacBook. It kept re-setting and was very frustrating. Hopefully it works for others!

[jimcunningham]

I took it at 60 so I could retire at 63. My parents both died in there early 60 s, I just want to enjoy my last 10 years of life

[JakeNorth]

Could you please do an updated video about OAS and GIS? How to qualify and when to begin collecting. Are these sustainable or are they dependent upon the current political environment at that time? Much appreciated Adam and team! 😊

[heidilevens]

Great presentation on CPP. Do you know if it’s possible to pay “make up years” if some years were missed? Thank you!

[RobSnow-uisz]

Good video for sure- Still not answered is how accurate is what you see when you log into and see what you will get for CPP? Are those numbers accurate or NOT when you are 65 already?

[vhateverlie]

Any chance you'll have a comprehensive video on the CPP2 for those of us going to retire in 30 years 😅

[bboyda]

What if you retire at 55? Extra info. Receiving private pension with bridging and have enough rrsp to cover 65 to 70.

[nickwade]

Thanks Adam! In a this video you did not touch on the CPP enhancement program, I would like to peak behind the curtains to see how PWL incorporated this into the future dollars. From the video I believe you used an inflation rate of 2.5% assuming that the calculator indexes the benefit at that rate over the duration CPP is paid out. I am a hybrid born in 1980, so 1st half my career before the CPP enhancement and 2nd half of my career full participation. Question: How do we estimate the CPP enhancement benefit into the calculation? If I added an extra $500/year to my RRSP I can calculate the future benefit, how to we overlay that principle with CPP? I am not relying or planning on the CPP enhancement to change my retirement plans, but I would like to know how the government intends to enhance the benefit in future dollars. Right now it seems to be a big mystery, should I lower my expectations of the CPP benefit? Thanks again for the video, keep up the great work!

[grantwatkins]

When delaying to 70, do you apply to start as of the 70th birthday month? Or, the month after, which is the payout date?