Understanding Plans
Navigating the landscape of Canadian pension plans can seem daunting. At financemaster.fun, we simplify this process, providing clear insights into the various options available to help you build a secure retirement. Let’s explore the key types of pension plans and their benefits.
- Canada Pension Plan (CPP): A mandatory, contributory plan for most employed and self-employed Canadians.
- Old Age Security (OAS): A monthly payment available to most Canadians 65 and older.
- Registered Pension Plan (RPP): Offered by employers, providing a defined benefit or defined contribution.
