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

Pension planning is an essential part of getting ready for a secure retirement, and understanding the Canadian pension system is crucial for anybody starting to think about their future. With the best knowledge, Canadians can create a stable foundation for their submit-work years. Here’s what you could know in case you’re just beginning your pension planning journey.Understanding the Canadian Pension SystemCanada’s pension system is made up of three principal components: the Canada Pension Plan (CPP), Old Age Security (OAS), and private savings. These three pillars work together to provide Canadians with a stable revenue throughout retirement, but they vary in…