The average Canada Pension Plan survivor’s pension for new beneficiaries aged 65 and up is an underwhelming $323.05, personal finance columnist Rob Carrick in this Opinion article.
This explains the unique tone of disappointment in the queries Carrick says he gets from readers about the CPP survivor’s pension.
The survivor’s pension is a significant driver of perceptions about the CPP, and not in a good way because it’s generally lower than people expect, notes Carrick.
When asked about what they’ll do during retirement, many clients say they’ll “relax,” which is understandable after decades of employment.
Creating a strategic care plan is important, as well as considering how your plan will be funded – engage your financial advisor to ensure your financial plan reflects these decisions.
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