Changes to retirement pension benefits began in 2011 and will continue to be phased in until 2016. The changes are being made to reflect the fact that the average Canadian retirement age has been increasing.
These changes will affect you if you are:
These changes will not affect you if already receive a CPP retirement pension and stay out of the workforce
Service Canada has posted the details of the Changes to the Canada Pension Plan on their website. One of the very significant changes is the elimination of the work cessation test which will allow you to transition into retirement. Be sure to check out their website to review your new retirement options.