The Canada and Quebec Pension Plan expansion kicked off in 2019 and it will take more than 40 years before the expansion is fully phased in
The Canada and Quebec Pension Plan expansion kicked off in 2019 when both the contribution rate and benefits started to rise.
The maximum pension payable will ultimately be 50 per cent greater in real terms than it was in 2019, but the actual increase will be less if one didn’t always contribute the maximum. It will take more than 40 years before the expansion is fully phased in.Retirement Income for Life.
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