Should You Delay CPP to 70? The Math Every Canadian Needs to See
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Most Canadians start Canada Pension Plan (CPP) at 60 or 65 because it feels safer to take the money sooner. But delaying CPP to age 70 can increase your benefit by over 40% — guaranteed, inflation-protected income for life.
In this video, I break down whether delaying CPP actually makes sense for you. You’ll see real examples, understand the math in plain language, and learn how this decision can impact your taxes, RRIF withdrawals, and long-term retirement income.
We’ll cover:
How CPP benefits grow by 0.7% per month after age 65
The true break-even age where waiting pays off
How delaying CPP can reduce taxes and OAS clawbacks
Why it acts as “longevity insurance” in your 80s and 90s
When it makes sense to start early vs. wait
Most retirees make this decision based on fear, not numbers. By the end of this video, you’ll know how to align your CPP timing with your savings, health, and goals — and make a confident, data-driven choice.
If you found this helpful, don’t forget to like, comment, and subscribe for more Canadian retirement planning videos.
And if you want to see exactly when you should start your CPP based on your personal situation, book a call with me using the link above.
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