When you look at your paycheque every month, you may notice a line item for the Canada Pension Plan (CPP) and wonder what that deduction is all about.
Both employees and employers pay into the CPP and the funds are used to provide a basis on which Canadians can build retirement security.
If you’re an average Canadian worker, you can expect to receive around $8,500 per year. Exactly how much you get depends on how long you’ve worked in Canada, because it’s based on how much you paid into CPP while you were working.
What’s more, CPP comes to you in addition to what you’ll get from Old Age Security and any personal savings or investments you’ve made to fund your retirement.
CPP Investments earns those returns in a variety of ways. We invest in public markets (stocks and bonds) as well as private transactions that range from toll roads and student housing to clean energy providers and data centres worldwide.
All those investments have one thing in common: CPP Investments sees them as growth opportunities that will generate returns and help CPP to pay pensions to generations of Canadians.
CPP Investments, Investing Today for Your Tomorrow.