Everything You Need to Know About the Canada Pension Plan and Old Age Security
In this course we’ll cover everything you need to know about the Canada Pension Plan and Old Age Security to maximize the amount of money you’ll get.
We’ll discuss CPP basics including how they calculate your CPP annual premiums, all about the CPP enhancement program that is already increasing our premiums for more money later, how they calculate the maximum CPP retirement pension and how pension sharing and credit splitting for divorced or separated couples work.
We’ll also look at the health of the CPP plan including the size and makeup of the CPP reserve fund and how the CPP Investment Board handles it.
You’ll learn how to calculate how much you’ll get in 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 the CPP post-retirement benefit (or PRB), CPP disability benefits, survivor’s pension, children’s benefits and death benefit.
And we’ll also cover all you need to know about the Old Age Security pension including the deferral and clawback provisions.
You’ll get three free spreadsheets including the CPP Retirement Pension Calculator, the CPP Elect Age Calculator and the CPP Return Calculator as well as all the forms discussed in the course.
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.
3 activities • 3 videos • duration: 2h 33m
Acclaimed Author and On-demand Course Developer
David Trahair, CPA, CA, is an author and eLearning developer who creates on-demand video courses for CPAs across Canada. His courses cover topics including personal finance, ethics, AI, and Microsoft Excel. David is also the author of six personal finance books, three of which are national bestsellers. Through his firm, he helps CPAs build practical skills through engaging, self-paced learning.
Provincial regulators of CPAs in Canada do not require that independent providers of CPD be approved to offer courses. Instead, individual CPAs are responsible for assessing whether a CPD activity meets their requirements, and may take activities from any source provided those requirements are met.
Every course offered on LearnFormula is delivered by a qualified subject matter expert or learning organization, and advances learning objectives that are relevant to the responsibilities or professional competencies of Canadian CPAs. All activities on LearnFormula are quantifiable in terms of hours, and are also verifiable, in that users receive documented evidence of their attendance via a certificate of completion after finishing a course (and this certificate is stored by LearnFormula indefinitely). Nearly 100,000 Canadian CPAs successfully satisfy their CPD requirements via LearnFormula on an annual basis.
Very interesting and informative course!
very informative and useful spreadsheets to help. comment on the death benefits. Sometimes they will ask you for proof that you paid for the funeral before sending the funds. and if you are the executor of the will and you don't want the funds to go to you, but maybe the surviving spouse or a different family member, you have to check off a box on a form that says you do not want it to go in your name. These two situations delayed getting the death benefits for my mother.
Excellent detailed review of all of the aspects of CPP and OAS that clients ask about all the time.
Very detailed information that will be useful when I am ready to retire.
