Comments on: What Is The Canada Pension Plan (CPP)? http://canadianfinanceblog.com/2009/07/27/what-is-the-canada-pension-plan-cpp.htm The Canadian Source For Personal Finance Wed, 08 Sep 2010 14:11:24 +0000 hourly 1 http://wordpress.org/?v=abc By: Can You Afford Retirement care? http://canadianfinanceblog.com/2009/07/27/what-is-the-canada-pension-plan-cpp.htm/comment-page-1#comment-8561 Can You Afford Retirement care? Thu, 05 Aug 2010 09:01:22 +0000 http://canadianfinanceblog.com/?p=963#comment-8561 [...] financially speaking, thanks to personal investments and social security provided by the Canada Pension Plan (CPP) and Old Age Security (OAS). However, many Canadians avoid thinking about some worst-case scenarios [...] [...] financially speaking, thanks to personal investments and social security provided by the Canada Pension Plan (CPP) and Old Age Security (OAS). However, many Canadians avoid thinking about some worst-case scenarios [...]

]]> By: Investing and Saving: Canadians and Procrastination http://canadianfinanceblog.com/2009/07/27/what-is-the-canada-pension-plan-cpp.htm/comment-page-1#comment-7357 Investing and Saving: Canadians and Procrastination Thu, 17 Jun 2010 09:01:57 +0000 http://canadianfinanceblog.com/?p=963#comment-7357 [...] in my career I observed the effect of Canada Pension plan. Surely we all realize the lack of real financial merit with CPP? You would have thought this was [...] [...] in my career I observed the effect of Canada Pension plan. Surely we all realize the lack of real financial merit with CPP? You would have thought this was [...]

]]> By: Retirement Income Planning: Where will your retirement income come from? http://canadianfinanceblog.com/2009/07/27/what-is-the-canada-pension-plan-cpp.htm/comment-page-1#comment-7068 Retirement Income Planning: Where will your retirement income come from? Tue, 08 Jun 2010 09:02:08 +0000 http://canadianfinanceblog.com/?p=963#comment-7068 [...] Canada Pension Plan is one of two paycheques from the government when you retire.  CPP is a contributory plan, which pays a maximum of $934.17 per month at age 65.  When planning for retirement, I think you can count on getting CPP despite the common fear that it may not be there when you retire.  Although you are likely to get some CPP in retirement, don’t count on getting the maximum CPP because it’s not easy to get the maximum.  The amount you receive depends on how long you worked and how much you contributed between the age of 18 and 65.  Be aware that changes are eminent.  Back in July 2009, CPP submitted some proposed changes to ‘modernize the plan’. [...] [...] Canada Pension Plan is one of two paycheques from the government when you retire.  CPP is a contributory plan, which pays a maximum of $934.17 per month at age 65.  When planning for retirement, I think you can count on getting CPP despite the common fear that it may not be there when you retire.  Although you are likely to get some CPP in retirement, don’t count on getting the maximum CPP because it’s not easy to get the maximum.  The amount you receive depends on how long you worked and how much you contributed between the age of 18 and 65.  Be aware that changes are eminent.  Back in July 2009, CPP submitted some proposed changes to ‘modernize the plan’. [...]

]]> By: Passive Income – How to Supplement Your Retirement - Canadian Finance Blog http://canadianfinanceblog.com/2009/07/27/what-is-the-canada-pension-plan-cpp.htm/comment-page-1#comment-6528 Passive Income – How to Supplement Your Retirement - Canadian Finance Blog Fri, 21 May 2010 18:13:18 +0000 http://canadianfinanceblog.com/?p=963#comment-6528 [...] else financially. You must take control of your own finances, including saving for retirement. Pension plans are being cut, company sponsored retirement plans are losing their luster, and federal governments [...] [...] else financially. You must take control of your own finances, including saving for retirement. Pension plans are being cut, company sponsored retirement plans are losing their luster, and federal governments [...]

]]> By: Tom http://canadianfinanceblog.com/2009/07/27/what-is-the-canada-pension-plan-cpp.htm/comment-page-1#comment-1304 Tom Sun, 27 Sep 2009 03:29:51 +0000 http://canadianfinanceblog.com/?p=963#comment-1304 Betty, CPP is built up in the form of credits, when there is a divorce these credits can be split up. Here's a couple links, one to <a href="http://www.hrsdc.gc.ca/eng/isp/pub/factsheets/credit.shtml" rel="nofollow">some reading on credit splitting</a> and another to <a href="http://www.servicecanada.gc.ca/cgi-bin/search/eforms/index.cgi?app=profile&form=isp1901&dept=sc&lang=e" rel="nofollow">the application form</a>. Hope that helps you out! Betty,

CPP is built up in the form of credits, when there is a divorce these credits can be split up. Here’s a couple links, one to some reading on credit splitting and another to the application form. Hope that helps you out!

]]> By: Betty http://canadianfinanceblog.com/2009/07/27/what-is-the-canada-pension-plan-cpp.htm/comment-page-1#comment-1300 Betty Sat, 26 Sep 2009 13:02:41 +0000 http://canadianfinanceblog.com/?p=963#comment-1300 How do I apply for my divorced husband's share of his cpp? How do I apply for my divorced husband’s share of his cpp?

]]> By: Imran http://canadianfinanceblog.com/2009/07/27/what-is-the-canada-pension-plan-cpp.htm/comment-page-1#comment-1189 Imran Fri, 11 Sep 2009 21:11:00 +0000 http://canadianfinanceblog.com/?p=963#comment-1189 Thanks for the clarifications, Tom! QPP also provides $863.75, so that's another $10,365 for Quebecers. For a couple, the total's already at $44,490. That's not so bad. Then add DPPs (if any), RRSPs, and moving into a small home (if you don't want to leave anything for your kids, hehe). Maybe you can write a post consolidating all regular sources of income for pensioners. I've been following it for a few months now, reading every blog entry (using Google Reader). Good job! Thanks for the clarifications, Tom! QPP also provides $863.75, so that’s another $10,365 for Quebecers. For a couple, the total’s already at $44,490. That’s not so bad. Then add DPPs (if any), RRSPs, and moving into a small home (if you don’t want to leave anything for your kids, hehe).

Maybe you can write a post consolidating all regular sources of income for pensioners.

I’ve been following it for a few months now, reading every blog entry (using Google Reader). Good job!

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