Canadian pensions are both public and private. All Canadian workers contribute to the national Canada Pension Plan (CPP), from which they can draw upon when they turn 60. Because this pension is small, however, many Canadians supplement it via private Registered Retirement Savings Plans (RRSP). Employers often choose to match these contributions in full or in part, or offer company pensions.
Created by: Support Team
Modified on: Tue, 15 Jan, 2019 at 1:44 PM
Did you find it helpful?Send feedback
Sorry we couldn't be helpful. Help us improve this article with your feedback.