Browsing: Benefits

For Indian immigrants in Canada, planning for retirement can be complex, especially when navigating the country’s various pension and retirement benefit programs. Understanding how these benefits work and how to maximize them is crucial for securing a comfortable and financially stable retirement. This guide will walk you through the key aspects of Canada’s retirement benefits system and offer practical tips tailored for Indian immigrants. 1. Understand Canada’s Retirement System Canada’s retirement system is built on three pillars: government benefits, employer-sponsored plans, and personal savings. Here’s a breakdown of each: a. Government Benefits Canada Pension Plan (CPP): The CPP is a…