What CPP reforms mean for Canadian seniors | General financial discussion | Discussion forum

From the Globe & Mail -

What CPP reforms mean for Canadian seniors

Two years ago, the federal government announced an expansion to the Canada Pension Plan (CPP), marking the most significant change in Canada’s three-pillar retirement income system in half a century.

This expansion included a higher replacement of average work earnings − increased from a quarter to a third − up to a maximum limit, which will also gradually increase by 14 per cent to $79,400 by 2025. This means a Canadian with 40 years of $50,000 in consistent pensionable earnings would receive $4,000 more a year in CPP benefits.

But within the framework of Canada’s complex tax and social benefit system, what will the CPP changes mean for Canadian seniors? ...

https://www.theglobeandmail.com/investing/personal-finance/retirement/article-what-cpp-reforms-mean-for-canadian-seniors/