Retirees: What Is the CPP Enhancement and How to Use it The CPP benefit might mean taking a cut from your paycheque now, but it means a far larger paycheque down the line!

What’s great about this enhancement is that it’s automatic. You don’t have to do anything special to take advantage of it. As long as you’re working and contributing to CPP, you’re already on board.

Prior to the enhancement, the CPP replaced about 25% of a worker’s average earnings. With the enhancement, this replacement rate is set to rise to 33.33% of average work earnings received after ...