Fear is robbing Canadians of secure retirements. This simple CPP/QPP tweak can change that

Fear is Robbing Canadians of Secure Retirements

This Simple CPP/QPP Tweak Can Make a Difference

A small, low-cost adjustment could transform how Canadians decide when to begin their CPP (Canada Pension Plan) and QPP (Quebec Pension Plan) pension benefits.

Emerging Retirement Crisis in Canada

A hidden retirement issue is developing. While attention has long focused on low-income seniors, a new group—the Vulnerable Massive Middle—faces a different kind of insecurity. These are Canadians who have worked hard and saved some money but lack the secure workplace pensions that previous generations relied on.

Over 60% of Canadian workers do not have a workplace pension, and in the private sector, 90% miss out on defined-benefit plans, which historically guaranteed stable lifetime income.

"They’re exposed – and they don’t even know it."

Challenges Ahead

National Implications

The Vulnerable Massive Middle will compose over one-third of Canada’s future senior population. Without reform, numerous studies indicate they face a looming retirement crisis, which will lead to:

Potential Solution

Canada already has a built-in option to address this: the ability to delay CPP/QPP benefits, which can enhance retirement security.

"Fortunately, Canada already has a built-in solution: the option to delay CPP/QPP benefits."

This simple policy tweak could significantly improve retirement outcomes for many Canadians.

Author’s Summary

A modest adjustment to CPP/QPP timing could secure lifetime income for millions of Canadians facing retirement insecurity without guaranteed pensions.

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The Globe and Mail The Globe and Mail — 2025-11-04

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