What percentage of retirees have a pension?
I don’t have the info on 2022, but I looked it up online, and I found that in 2019, the pension coverage rate in Canada was 37.1%. Although the stats didn’t change from 2018, the rate in 1997 was 41.6%. Everyone receives a different amount of CPP, determined by how much they contribute to CPP while working. You’ll get more if you have put in more money. In January 2021, the average CPP payment was $619.75 per month. Starting at age 65, the maximum amount you could receive as a new recipient is $1,203.75.