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What is the new age for CPP? Understanding the CPP Enhancements

While the standard age to start receiving the Canada Pension Plan (CPP) remains 65, recent enhancements are changing how much Canadians can receive and at what age it is most beneficial to begin. The CPP enhancements, which began in 2019, mean today's workers will have higher benefits in retirement by paying a bit more in contributions during their working years. This affects financial planning based on when you decide to apply for CPP payments.