Does it make sense to withdraw CPP payments earlier and invest the payments?

You can receive monthly Canada Pension Plan (CPP) payments starting as early as your 60th birthday. What you get depends on what you paid into the plan while you were working. You must be 59 or older and apply 9 months before you retire. Learn more about CPP from the Government of Canada.

The decision of when to start receiving CPP payments depends on many individual factors. We are not able to provide advice. Speak to a registered financial advisor who can help you understand your retirement income needs, and provide investment advice.