The Canada Pension Plan (CPP) is a social program that provides pension benefits to retired and disabled Canadian citizens. It is a valuable source of income for individuals who have contributed to the plan during their working years. To be eligible for the CPP, there are certain criteria that individuals must meet. It is important to understand these criteria in order to ensure that you are eligible for the benefits when you retire.
The first eligibility requirement for the CPP is age. In order to receive full CPP benefits, you must be at least 65 years old. However, you have the option to start receiving reduced benefits as early as age 60 or delay receiving benefits until age 70. The second eligibility requirement is contribution. To be eligible for CPP, you must have made at least one valid contribution to the plan. Lastly, you must have lived in Canada for at least 10 years after the age of 18 to be eligible for the full CPP benefits. These are just a few of the key eligibility criteria for the Canada Pension Plan. It is important to research and understand all the requirements in order to ensure that you receive the benefits you are entitled to when you retire.