A Beginner’s Guide to Pension Planning in Canada: What You Must Know

Pension planning is an essential part of preparing for a secure retirement, and understanding the Canadian pension system is crucial for anyone starting to think about their future. With the fitting knowledge, Canadians can create a strong foundation for their put up-work years. Here’s what it's essential to know if you happen to’re just beginning your pension planning journey.Understanding the Canadian Pension SystemCanada’s pension system is made up of three most important elements: the Canada Pension Plan (CPP), Old Age Security (OAS), and private savings. These three pillars work together to provide Canadians with a stable earnings during retirement, but…