For example, a benefit is fully subsidized if a plan pays a participant the same amount per month starting at early retirement age (age 55, for example) that the plan would pay the participant
starting at normal retirement age (age 65, for example).
Under current rules, which remain in effect until 2011,
starting CPP
at the earliest
age of 60 entails a 30 - per - cent reduction in monthly payments but «you would have to live well past 75 in order to receive more from the plan than by waiting until the
normal retirement age of 65,» writes tax and estate lawyer Christine Van Cauwenberghe in her book, Wealth Planning Strategies for Canadians 2010.