Online Guide to Canada Pension Plan (CPP) and Old Age Security (OAS)
I’ve been writing about CPP and OAS for a long time now. In fact, my most popular articles in terms of traffic and views are my articles on CPP and OAS.
Here’s a guide to CPP and OAS because of all the attention these programs are getting as a result of pension reform in Canada.
· Current CPP rates – CPP figures change quarterly so some of the figures you may see in some of the articles may not be current. This link gives you the most current figures for CPP.
· Will Canada Pension Plan (CPP) be there when you retire? – Many people I meet have a glass half full perspective about the future stability of CPP. This article outlines my perspectives on this issue.
· How much will you get from Canada Pension Plan in Retirement? – Although you can visit the Service Canada website and find out how much the maximum CPP amounts are, it is important to know that everyone’s benefit is different. This article explains in detail how the calculation works
· New proposed changes for CPP – On May 25, 2009, Federal, provincial and territorial Ministers of Finance recommended changes to the Canada Pension Plan (CPP). Here’s all the details of the changes.
· Should you take CPP early? By far, the most popular question I get on CPP is whether it makes sense to take it early. I’ve written about this a few times because it’s such a popular question:
· The new math on taking CPP early (coming soon)
· Should we expand CPP? With all of the government efforts on dealing with pension reform, one of the topics that comes up regularly is the idea of expanding the CPP program. Here’s my thoughts on the topic
· Retirement Income Planning: Where Will Your Retirement Income Come From? I wrote this article for Canadian Finance Blog. This article is a great place to get an idea of how CPP and OAS fit into the bigger picture of retirement income planning.
· The Four Most Common Questions about Canada Pension Plan (CPP) – In this article (also on Canadian Finance Blog) I summarize the four most common questions on CPP including how much, CPP splitting, taking it early and whether there are clawbacks on CPP.
· Child Rearing Drop Out – Parents can get more out of CPP – CPP helps those parents that did not contribute as much to CPP because they took time off to raise children under the age of 7. This article explains how that works.
· CPP Investment Board – The CPP investment board was formed in 1997 and operates at non-arms length to the government. They oversee the investment of the multi billion dollar fund.
· CPP Government information site – For all the government information on CPP, visit the Service Canada Website
· Minimizing Old Age Security Clawback – Probably the most common concern people have about Old Age Security is whether clawback will affect them and by how much. You might be surprised at the rules.
· Does Old Age Security need change? – Again, pension reform is bringing attention to Old Age Security and there are lots of rumours swirling around if and what might change.
· The History of Old Age Security (coming soon)
· OAS Payment Rates – OAS figures change quarterly so some of the figures you may see in some of the articles may not be current. This link gives you the most current figures for OAS.
· OAS Government information site – For all the government information on OAS, visit the Service Canada Website