Category Archives: Government Benefits

Case study: CPP credit split

One of the services that my business offers is to analyze the impact that a CPP credit split would have on a couple’s CPP retirement pensions, in advance of either party applying for a credit split. The reason for this service is that approximately half of the credit splits that are done result in a

Understanding Government Benefits

Government benefits represent the cornerstone of the Canadian Retirement Income System. If you are nearing retirement or in retirement it is important for you to understand how these government benefits play a role in your retirement income. In this article we will touch on the key components of the Canadian Government Benefits. Canada Pension Plan

Understanding the OAS clawback

A client asked me recently whether he should be concerned about keeping his income low in his 64th year, because he understood that the OAS clawback was based on his income in the previous year. I’ve been asked this question before, so I thought it might be a good subject for this month’s article.  What

Understanding CPP sharing

What does CPP pension sharing mean? First of all, it’s important to differentiate between CPP “pension sharing” and CPP “credit splitting” (officially known as Division of Unadjusted Pensionable Earnings or DUPE). Pension sharing is a temporary sharing of CPP retirement pension benefits between spouses in an ongoing relationship, whereas a DUPE is a permanent splitting

Four reasons why you should still take CPP early

January 1, 2012 was an important date for Canada Pension Plan because the new CPP rules come into effect. I’ve written extensively about the issues around taking CPP early.  It’s one of the big conundrums of Canada Pension Plan and my conclusion is that it still makes sense to take CPP as early as you can

Who Is Affected by the Ontario Retirement Pension Plan?

With the Ontario Retirement Pension Plan taking shape, the provincial government is giving Ontarians the chance to weigh in on the proposed provincial pension plan. The Ontario Liberals released a consultation paper on “key design questions” of the ORPP, such as low-income earners and the self-employed. The discussion paper provides more details on the ORPP,