Differences Between Canadian and American Social Security Systems

Today we're discussing the Canada Pension Plan (CPP) and demystifying some common misconceptions about the funds. So, on that note, time to enjoy another episode of Money Feels! We're your hosts, Alyssa and Bridget. Welcome to the podcast, where we talk through our money trauma and create a better understanding of building a healthy relationship with finance.

In today's episode, we discuss the following:

• An overview of what CPP is and why it exists
• How does it work? Who gets it?
• How are benefits calculated?
• Is CPP going to run out? Why is this a thing people say?
• The political landscape and CPP
• Is CPP worth it if you’re self-employed?
• What if you have a pension?
• When in retirement, should you start taking out your CPP?

Thanks for listening to today's episode! If you want to keep listening, we've now launched our Patreon! You can subscribe for bonus episodes and extra content from your hosts. Thank you for listening to today's episode! Join us next week for a new one. Until then, follow us on Instagram @mixedupmoney, @bridgiecasey and @moneyfeelspodcast, and we’ll see you next time!