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Visit Globe Investor and use our free Canada Pension Plan (CPP) at 60 vs 65 Calculator to quickly compare the value of CPP benefits if you take them earlier or later.
CPP taxes are the bane of many a Canadian retiree. Not only are they taxes on a program you paid into your entire working life, they’re also not deducted by default. So unless you request that the CRA ...
Step 2: Find your marginal tax rate Once you know how much CPP you’re going to get, you need to find your marginal tax rate. That’s the tax rate you’ll pay on an extra dollar of income.