Comments on: Proposed Changes To The Canada Pension Plan (CPP) http://canadianfinanceblog.com/2009/07/29/proposed-changes-to-the-canada-pension-plan-cpp.htm The Canadian Source For Personal Finance Wed, 10 Mar 2010 18:28:33 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Tom http://canadianfinanceblog.com/2009/07/29/proposed-changes-to-the-canada-pension-plan-cpp.htm/comment-page-1#comment-2784 Tom Thu, 17 Dec 2009 20:51:40 +0000 http://canadianfinanceblog.com/?p=978#comment-2784 Ruby, The current rules state that someone under 65 would need to stop working or have reduced income. For 65 and over, even under these current rules you could collect CPP while still working. Keep in mind that the longer you can go without it, between 65-70, the more they would pay you once you do start. If you're still working, you might be able to hold off. However, if you have any debt that you'd like to pay off now then it might work out better to start receiving your CPP and applying this amount against it. Ruby,
The current rules state that someone under 65 would need to stop working or have reduced income. For 65 and over, even under these current rules you could collect CPP while still working. Keep in mind that the longer you can go without it, between 65-70, the more they would pay you once you do start. If you’re still working, you might be able to hold off. However, if you have any debt that you’d like to pay off now then it might work out better to start receiving your CPP and applying this amount against it.

]]> By: Ruby McDorman http://canadianfinanceblog.com/2009/07/29/proposed-changes-to-the-canada-pension-plan-cpp.htm/comment-page-1#comment-2665 Ruby McDorman Fri, 11 Dec 2009 14:58:29 +0000 http://canadianfinanceblog.com/?p=978#comment-2665 Can you tell me where a person can find information as to what happens when they reach 65, would like to maybe draw Canada Pension, and may continue to work after 65 as well. Having a problem find information on this in print. Also, if you wish to draw CPP do you have to terminate your job rather than take a month's leave. Have heard this comment but up top it states in the proposed changes that you do not have to terminate employment. Thanks Can you tell me where a person can find information as to what happens when they reach 65, would like to maybe draw Canada Pension, and may continue to work after 65 as well.

Having a problem find information on this in print.

Also, if you wish to draw CPP do you have to terminate your job rather than take a month’s leave. Have heard this comment but up top it states in the proposed changes that you do not have to terminate employment.
Thanks

]]> By: retiredguy http://canadianfinanceblog.com/2009/07/29/proposed-changes-to-the-canada-pension-plan-cpp.htm/comment-page-1#comment-1371 retiredguy Thu, 01 Oct 2009 18:21:02 +0000 http://canadianfinanceblog.com/?p=978#comment-1371 Can some one please explain in detail how the maternity drop out effects the CPP calculation. Also how the CPP is calculated based on your credits. The statements are available of course, but they fail to describe how the estimates are arrived at. Detail needed. Also if the drop out is 15% from your contribution period and your contribution period is the age when you take the pension this results in a different calculation, particularly if you stop working years before age 60. Can some one please explain in detail how the maternity drop out effects the CPP calculation. Also how the CPP is calculated based on your credits. The statements are available of course, but they fail to describe how the estimates are arrived at. Detail needed.

Also if the drop out is 15% from your contribution period and your contribution period is the age when you take the pension this results in a different calculation, particularly if you stop working years before age 60.

]]> By: Tom http://canadianfinanceblog.com/2009/07/29/proposed-changes-to-the-canada-pension-plan-cpp.htm/comment-page-1#comment-749 Tom Thu, 30 Jul 2009 19:45:31 +0000 http://canadianfinanceblog.com/?p=978#comment-749 Erick, I couldn't agree more, planning a big facelift to the site soon! Erick,

I couldn’t agree more, planning a big facelift to the site soon!

]]> By: Erick http://canadianfinanceblog.com/2009/07/29/proposed-changes-to-the-canada-pension-plan-cpp.htm/comment-page-1#comment-748 Erick Thu, 30 Jul 2009 19:41:21 +0000 http://canadianfinanceblog.com/?p=978#comment-748 Hey there, Thanks for the mention! Any chance you could modify your blog setup to indicate whether a post has comments? This would give your regular readers (and anyone passing through) a quick visual of whether a post has triggered a discussion that they may want to check out/participate in. Hey there,

Thanks for the mention!

Any chance you could modify your blog setup to indicate whether a post has comments?

This would give your regular readers (and anyone passing through) a quick visual of whether a post has triggered a discussion that they may want to check out/participate in.

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