Should you apply for CPP in 2023?

When commenced, the starting CPP retirement benefit is calculated using a five-year rolling average of wages. Due to the pandemic disproportionately impacting lower-wage earners, the average wage for your CPP retirement pension increased markedly (5.4% in 2021) as there were fewer low-income employees bringing the average wage down. While those starting CPP after 2020 and on will benefit, the impact for those commencing later will be the greatest as the starting point for CPP benefits will be higher. This contrasts with those who commenced CPP earlier and whose annual increases are linked to the consumer price index (2.7% in 2021). See January 12, 2022, Globe and Mail article - "The Case for Deferring your CPP Benefits Is Stronger Than Ever" for more information.

Here is the link to the Canada Pension Plan site to provide you with more information.
https://www.canada.ca/en/services/benefits/publicpensions/cpp/cpp-benefit/amount.html