Here’s how you can get up to 42% more a month out of CPP

Marci Stepak avoided thinking about her retirement plan for far too long. “I would try desperately to bury my head in the sand,” says the 54-year-old Toronto resident. Instead, she focused on the short-term costs of day-to-day living. Yet the thought of not having enough saved for retirement would hit her “like a punch in the gut” when she was trying to fall asleep at night.

Feeling the pressure of inflation, many Canadians like Stepak who are aged 50 and older are worried that they don’t have enough money to retire. A recent survey from BMO found that 76 per cent of Canadians worry that rising prices will make it hard to make ends meet in retirement. Another survey from the Healthcare of Ontario Pension Plan showed that 59 per cent of unretired Canadians don’t think they’ll ever be able