Nicole is 60. She has been working at the local bank for 35 years, but has just recently suffered an injury. Her injury is severe and, according to her physician, she cannot return to work for the foreseeable future. Nicole wasn't planning to retire for another few years, but is now wondering if she should just retire early. What should Nicole be aware of in this situation? 

The amount that Nicole can receive from a CPP disability pension is lower than from a regular CPP retirement pension. 

Nicole could start CPP retirement benefits immediately but would be ineligible to receive CPP disability benefits for 4 months. 

CPP disability payments are not taxable to Nicole whereas the CPP retirement pension is taxable as income in the year received. 

In general, it will be easier for Nicole to qualify for the CPP disability pension than the CPP retirement pension.