max CPP payout is substantial, not everyone gets it. The average CPP inOctober 2023was a much lower $758.32 per month. This is because not all people have contributed enough over their lifetimes to receive the full CPP payment, or because of scenarios such assurvivor or disability benefits....
The basic idea is that the government wants to give retired married couples a break. So what they do is allow the spouse who has less taxable income (whether from work, RRSP withdrawals, private pensions, or OAS/CPP benefits) to count some of the higher-earning spouse’s CPP pension as ...
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