How to Maximize Your CPP and OAS Pensions

Overview:

This course will cover everything you need to know about the Canada Pension Plan and Old Age Security to optimize your retirement.

We’ll discuss how to calculate how much you’ll get from your CPP retirement pension, how to sign up for and use the online My Service Canada Account, how to decide when to start to receive the CPP and whether the CPP is a good investment. We’ll also cover all you need to know about the Old Age Security pension including the deferral and clawback provisions and a lot more.

In short, this course will give you all the information and tools you’ll need to take control of your CPP and OAS pensions to maximize your benefits.

Course Content:

In this course you will gain knowledge about the following topics:

• CPP basics including how they calculate your CPP annual premiums
• How they calculate the maximum CPP retirement pension
• How to calculate how much you’ll get from your CPP retirement pension
• How to sign up for and use the online My Service Canada Account
• How to decide when to start to receive the CPP
• How to decide whether the CPP is a good investment
• All about the CPP enhancement program that is already increasing our premiums for more money later
• How pension sharing and credit splitting for divorced or separated couples work
• The health of the CPP plan including the size and makeup of the CPP reserve fund and how the CPP Investment Board handles it
• The CPP post-retirement benefit (or PRB), the CPP disability pension, survivor’s pension, children’s benefits and death benefit
• All you need to know about the Old Age Security pension including the deferral and clawback provisions

The course includes the following free spreadsheets:

• CPP Retirement Pension Calculator
• CPP Elect Age Calculator
• CPP Return Calculator          

Learning Objectives:

Upon completing this course, you should be able to:

• Learn how they calculate your CPP premiums and the maximum retirement pension
• Discover how to sign up for and use the My Service Canada Account to get your CPP statement of contributions
• Get a free spreadsheet to calculate how much you'll get from your CPP pension
• Find out how to decide when to start your CPP retirement pension
• Discover how to determine whether the CPP is a good investment
• Find out all about the CPP enhancement program that is increasing premiums and benefits
• Master the basics of how the OAS pension works including the benefits of deferring the start past age 65       

Who Will Benefit: 

Those interested in optimizing the decisions surrounding their CPP and OAS pensions.