Tag · Canada
deferral
Loopholes Tagged "deferral"
Plain-English guides to Canadian legal rights and workarounds related to deferral.
Easy If You're Saving for Retirement
OAS Deferral Strategy — Permanently Boost Your Old Age Security by up to 36%
Canadians can delay collecting Old Age Security past age 65, earning a permanent 0.6% boost per month deferred — up to 36% more at age 70.
Medium If You're Saving for Retirement
CPP Enhancement & Maximising Lifetime Benefits
The enhanced CPP since 2019 — and CPP2 since 2024 — now replaces up to 33% of lifetime earnings, and delaying your CPP start to age 70 increases every cheque by 42% permanently.