Canada Pension Plan and Old Age Security:
All You Need to Know

Duration: Full Day
Level: Introductory
Subject Area: Wealth Management
Instructor: David Trahair


DESCRIPTION:
The Canada Pension Plan and Old Age Security form the basis of most Canadians’ retirement plans. They are inflation-adjusted defined benefit plans that are paid for life. And yet many Canadians don’t know the details. How much will my CPP retirement pension be? When should I elect to start receiving my CPP and OAS? Is the CPP plan a good investment or should I opt out if I can by switching to dividends? Can my CPP be split with my lower income spouse? What happens to my CPP if I divorce or separate?
 
This course is designed to answer all the questions you have about the CPP and OAS. You will also get 3 FREE spreadsheets to calculate how much CPP you will get, help you decide when to start collecting CPP and whether it is a good investment.
 
Topics Include:
CPP
Basic components. We’ll look at them all – retirement pension, disability, survivor, children’s, death and international benefits.
How to calculate how much you’ll get. You’ll find out how to get your CPP statement of contributions and estimated benefits using a My Service Canada account and how to use it to calculate how much you’ll receive using a free spreadsheet – the “CPP Retirement Pension Calculator.”
What age to start. Learn how to use a simple checklist to help you decide when to elect to start receiving CPP (as early as age 60) incorporating the new rules regarding the early election penalties, etc. You’ll see a demo of another free spreadsheet - the “CPP Elect Age Calculator” to factor in your marginal tax rate and discount rate to determine the optimal age for you to start. 
The Post-Retirement Benefit (PRB). The new rules for CPP retirement pension recipients who work while receiving CPP from age 60 to 70 and how to opt out.
Pension sharing and credit splitting. Find out how to share your CPP with a lower income spouse or common-law partner and split your CPP on divorce or separation.


Other. How they calculate the maximum CPP retirement pension. Is the CPP a good investment including demo of the free spreadsheet – the “CPP Return Calculator.” The proposed enhancements to the CPP. CPP challenges and the creation of the CPP Investment Board. Analysis of the CPP reserve fund balance and asset mix.

OAS
Basic rules. When it starts, how much you’ll get, deferral bonus rate.
Clawback. At what net income clawback starts and ends.
 
WHO WILL BENEFIT:
Those interested in finding out about the CPP and OAS pension plans to prepare  for their retirement.
 
Special Instructions/Notes:
• Each attendee will get a FREE copy of the 3 spreadsheets
• The CPP Elect Age Calculator
• The CPP Retirement Pension Calculator
• The CPP Return Calculator
 













 

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