It might seem counterintuitive to spend down your own retirement savings while deferring government benefits such as CPP and OAS past age 65. But that's exactly the type of strategy that can increase your income, save on taxes, and protect against outliving your money. Indeed, the key to more lifetime income for many retirees is to defer CPP until age 70. Why Take CPP at age 70? Here are three reasons to take CPP at age 70: 1. Enhanced Benefit - Take CPP at 70 and get 42% more! The typical ag...
