Increasing role of CPP – but not for all
Increasing role of CPP – but not for all
Capital Accumulation Plan Income Tracker (CAPit) – May 2019
Over time, investment markets and interest rates have impacted a plan member’s ability to generate replacement income. Government benefits (CPP and OAS) have historically provided about 32% of the replacement income for Canadian workers. The recent enhancements to CPP mean that it will continue to play a growing role in ensuring Canadians have guaranteed income for life – but not everyone.
To learn more, read the latest edition of CAPit.
Quick Poll
How are you funding the additional CPP premiums? Will that approach change in future years as the premiums continue to increase?
Let us know what you decided! We’ll be sure to report back.