Good Morning! Good things come to those who wait, they say. And that may be particularly true when it comes to retirement. The average Canadian who takes Canada Pension Plan benefits at age 60 rather than 70 can expect to lose more than $100,000 of income over the course of their retirement, according to the Lifetime Loss calculation in research by Bonnie-Jeanne MacDonald for Ryerson’s National Institute on Ageing and the FP Canada Research Foundation. Even delaying the benefits by one year from 60 to 61 helps. “Based on the official age-adjustment factors alone, a one-year delay is equivalent to investing a single year’s CPP/QPP benefit at age 60 and getting a lifetime pension income of 11.25% of that initial investment, indexed by inflation year after year,” the study says.