Am single, collected at 61. When I die I get squat to give to my family except $2500 for burial? What about all the money over the years I invested with CPP. Highway robbery from the crooked government!!!😳😬
Agreed! I just lost a dear friend who passed away at age 63. She had not yet retired. She was single and her and her employers paid into the pension for decades. Her family just gets $2500 to help with funeral costs. That's it. If CPP were a real pension, there would have at least been a commuted value for her heirs. CPP is a rip off for single people. Appalling.
@@stk6755 You have to make more than $23K a year to be taxed regardless of how you get the money , through pension or through employment . Why would anyone be exempt from paying taxes on income , especially if that income is large . Seniors , so called , are no different than young people in that they need to pay their fair share . Personally I am not a whining , complaining old guy . and always reject the seniors discount thing because I am in no need of any special discount. Whenever I do pull in extra money above the $23K limit then I end up paying taxes . So What ?
@@edwardmacnab354 Not correct, it is taxable. If this is your only income then likely you are not making enough to be taxed. My brother in law draws CPP and is also working, and I do his taxes and the CPP definitely increases his taxable income.
@@whiskeytango9769 yeah I know all that . What I'm trying to say is that my $23K a year government pension total is not taxed because I am considered on paper to be poor . However . I bank most of that $23K because I pay no rent , have no mortgage , own no vehicle and so have no real expenditures . If I make extra money then I do get taxed a small amount . I made sure I was in this position and quite frankly was amazed at just how much money the government pension delivered .
Most of this is not true. I worked 2 x 8 jobs and paid CPP from each job. I get $600 in my CPP. This is highway robbery in Canada. People who worked less than me get more than me because I am paying to keep people who are on Welfare, Aish, and all the other programs. The Canadian Governemtn is not paiying these benefits out of their money, it is out of our money for all the hard work we put in.
amount of CPP depends on now much did you contrubute into CPP. You may have even 3 jobs, but if you do not make maximum pensionable earnings, you will not get maximum pension even though you worked 40 years. We have to contribute maximum as per maximum pensiobable earnings all 39 years. It's can happen that someone worked less years but was msking more money and contributed more to CPP, this is why his/her pension is higher.
My wife was a homemaker and never had any CPP . I worked and still work ( I’m 77 ) , however since my father died at 62 I took my CPP at 60 . My wife passed away at 65 and CPP magnanimously donated $2500 towards her burial costs. From that time onwards I have only received half of my CPP, that I busted my a§§ for . Americans can draw social security anywhere in the world, but we can only live outside of Canada for 6 months or chance losing our OAS . So what keeps people from living elsewhere? We used to brag about our country and its healthcare being free, well that’s a giant load of BS , I’ve been waiting 2 years for a shoulder replacement surgery . Government lawyers have stacked the deck against us and we blindly follow their orders.
45+yr mortgage at $3000+ a month, house never payed before retirement. Or apartment at over 2000/month. If your 55 or younger now, forget your retirement, you'll have to work till you die.
@@garth217hey, hard working folk here... I'll be working till I die unless there's some big changes. Started working at 12 and now almost 40. Consider yourself lucky to have been a hard working folk in a better time.
@@garth217 you have to be working at something that pays decent money AND be smart with what you do with your money I feel Rich on the $23K a year the government pays me because I bought my acreage with cash some 30 years ago enabling me to live rent and mortgage free and save most of my money so now I'm property AND cash rich . I save most of my pension money .
@shirleynoel916 it varies. My small house in an 8000 inhabitants town costs more in taxes than my bigger one with 60 acres of land in a 10x larger city.
I AGREE with you they just stilling for your You and your husband work so hard for so many years not when one pass away they just ,,GUVERMANT,, play the thift 🤦🏾♂️🤦🏼♀️😲🤢
i find it very offensive that if a partner dies, the other spouse gets a reduced amount of the person who dies. WHY. It all still should be paid to the partner. That is marriage. That is fair. he/she paid into it. Why should the govt keep it.
My father collected 9 cheques and died suddenly. The CPP gave a $2500 death benefit, which has not changed in 2 decades. A spouse can only get a top up to the maximum CPP benefit. So basically, unlike an RRSP, which is taxable in the year of death, the CPP is a scam. Contribute for decades and the money stays with the CPP.
Only a spouse or the estate of the deceased is eligible to receive your cpp not dependent. That's why you need to make it a point to save money by either taking a life insurance that pays deagh benefit or save with a discipline where you do not have access to take out the money (UL)
Absolutely ridiculous!!! Both my parents paid into their CPP their lives and neither them or their estate were able to withdraw a penny from what they paid into (they passed away before 65) Ps, it should not be capped if I or my wife dies and one of us are maximum eligible 🤬
CPP should be optional because I’d sure as heck not make contributions, I’d be investing my own money for me and my family. I don’t need or want the government for anything.
CPP is a great program to ensure that people save for their retirement. Left to their own devices, many people wouldn't save anything. It is in everyone's best interest that everyone have some money put aside for their latter years. Every first world country has a similar program.
absolutely. there is a vast majority of people who do not save, work under the table, do not pay taxes, whine about this country and when they get sick, they are always the first ones in the hospital sucking free medical from our system that they didn't pay a cent into. The government needs the money to keep our country going.
@@AWalkWithWhizzy So many people have an input, but reality is far different. I have always worked, except for 7 yrs raising my kids, always was paid above table, always paid taxes, I can count the number of times on one hand that I had to utilize any hospital, personally, I hate hospitals. With all that said, I was very lucky to have money enough to pay bills, as well as food. Save money? No idea where that would come from. So many paydays, $10 was what I had left to figure out what was more important, eat or gas so I didnt have to walk the 2 miles to work in the morning, and I know I wasnt alone in this. Lets see how many argue with me about this, but this was a fact of MY life.
The maximum contribution to CPP is around $3,500 per year. Let's say you start at 18 and you worked non stop until 65. That's 47 years. 47 * $3,500 is $164,500. Let's assume you're eligible for the full amount, $1,254. It would take approximately 11 years for you to get your $164,500 back. If you live past 76, you will start getting free money. Instead, if you invest that $3,500 into a 5% investment account every single year until 65, in 47 years, you'll have around $650,000. So when people criticize Conservatives for wanting to scrap retirement security, this is why. Instead of relying on government to secure your retirement, you can instead learn how to put away the money you would otherwise pay to CPP into an investment. Note that this is only 5%. There are others like GIC, stocks, life insurance, etc. that pays way more. This is not even taking things like dividends into account.
Rule 1 says Surviving spouse receives 60% of dead’s spouse’s CPP. In sample cases 2 of both spouses receive $1000. Why does the surviving spouse receives only extra $254 instead of $600(=$1000x60%) when other spouse passes away ? Just need to understand HOW you come up $254 which happen to be the Max CPP $1254-$1000 which is NOT 60% of surviving spouse’s CPP. PS: At end Spouse would regardless still receives only the max CPP $1254.
No your children will not unless they are a dependent, if you have no dependents then you will get a one time payout of 2,500.00 and it will be taxed so , it will be much less. I have gone through this.
Very well explained. My question is if one spouse never worked so no CPP contribution therefore no CPP. What happens when the spouse who is getting CPP and dies
Due to the simple fact the money i earn today will be worthless in 50 years due to inflation, no matter what they may tell you, your CPP goes to the elderly of now, it isnt saved directly for you. That would be stupid.
Well said. A lot of people think it's a personal bank account of sorts, they don't understand that it's paying the elderly now, and if you never worked much, you don't get anything but old age security.
My contribution to CPP max almost for last 34 years. Before that i contributed regular amount. My CPP is even less than 1000. It is way less than you mentioned. Why is that?
Yeah we don't get that much. basically under 500/month for him and under 400 for me. You have to work until you draw your last breath. I'm glad that our house will be paid for in less than 10 years because we are going to have to live somewhere and the streets are not an option. They don't take into account the years you raised kids at home and had no job. They don't believe women work when at home and it is not valued or paid labour. I took in two of my son's friends who had nowhere to go. I got no money for that and no thanks. This is where I'm at.
No one in their right mind would voluntarily give money to a plan like this if it was offered by a private organization either a bank or an insurance company
One spouse is still working and the other is collecting CPP. If the one collecting CPP dies, will the other spouse get something even though they haven’t reached 65?
CPP is a very poor investment. If a person would contribute the same amount in an RRSP, the return would be exponentially greater and you don’t lose the estate doesn’t lose the funds when the person passes away.
The govn. Is doing cpp cause they don't think that the majority of people can handle their own money wisely or invest for themself. Some can and would, but some would spend it all then would be on the streets...
sir. cpp is contributed pension by the employee. if same employee contribute in company pension after he past away he or she will get allmost 70 percent his company pension.cpp is contributed pension why goverment refuse to pay 70 percent to the survival person.
Don’t understand why anyone would wait till 70 to collect. That why the government offers more money when you’re 70 there’s a better chance they don’t have to pay out.
Want to be even more frustrated with the scheme? Your employer also pays into the fund at a dollar for dollar amount relative to your payroll deduction. If you were to max out your payment with one employer and started a job with a different company the same year, the deductions start from $0 for both, but only your portion is refunded when you file your taxes. The employers matching overpayment amount stays in the hands of the CPP. So if you were to work 2 jobs and max out contributions at both you've added 3x your annual max deduction to the CPP (1 from you, 2 from your employers) but are not afforded any additional value at your retirement relative to someone who had a sole employer and maxed their contributions but ultimately only added 2x their annual maximum (1 from them, 1 from their employer). EI is a similar situation, but the employer actually contributes at 1.4x your deductions. Now that whole scheme is an entirely different can of worms and would collapse on itself incredibly quickly if it worked like an actual insurance underwriter.
I don’t know about u but if I pay in cpp more then once a yr, cause I only work shutdowns and cpp starts over I get it back on my taxes. U only pay cpp once a yr, regardless I can’t wait till Trudeau gets out, but then polivere will be taking out cpps anyways, so that why I have a $4000 month union pension screw the governments
I am asking a question my son and I have been together all of 37 years he is basically my care giver for many of those years I have no spouse. So can my son get anything when it's my time to cross the pearly bridge . Please tell me his. Name is on my application when I filed for my pension. ? Thank you for your help !!!
I'm 60 and my wife is 53, i am not yet collecting cpp and wont till 65 because of some pension clawbacks i will suffer upon collecting. What will happen if i die before collecting with my cpp, will my wife get at least a credit for what i have paid? her cpp will be low as she is a new comer and her working years were not long. also what will she get if i die and she isnt collecting her cpp yet?
How can I tell a story of People who contribute and are not receiving the maximum.. There spouses have contributed maximum but chooses to deprive some Spouse by way of Aprisals
What a waste of investment! I’d rather not pay into it. Ccp is unliveable. My bachelors pad is $2000 a month and there is nothing available cheeper to rent.
If someone works for cash income no cpp and income deduction and get more income without paying any taxes when they retired why they can get the government benefits?
They've already given it to the "new Canadians" they can backdate their CPP they never paid into when they get their citizenship to the day they landed here.
Best to take it before 65 as government claws back old age payments anyway. Everyone plateaus around the same amount at 65 in Canada anyway. Save the CPP $ taken and 60 and you come out ahead.
@@sjbutler2330 thanks if I don’t have any savings the cpp only $280 per month and only live here for 30 years according to the statistics 📈 at least $3000 a month can make the living. If no dependent financial support. How can we make a living
No more bull shit ,by the time lm 70 ,i will be in a care home and no quality of life, lm taking mine at 60 ,government wants you to work till u die or cant work f that,i will take mine at 60 and invest it ,as i plan on staying single
What was set out in this video is true. If you are not getting you husband's CPP, he is either not dead or, if he is, you are already collecting the maximum. That's how it works.
I paid CPP since I was 16 in ‘82, am disabled from industrial accident, I won’t see a dime of CPP. Give it to Justin Trudeau for they-their next flight meal, my blood sweat and tears. Kids get nothing but 50% taxes just for existing in Canada.
Why wait til 70 you might not live that long so collect it at 65 you never know how long you’re live. Why give it to the government. Some people die before 65 due to poor health.
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Am single, collected at 61. When I die I get squat to give to my family except $2500 for burial? What about all the money over the years I invested with CPP. Highway robbery from the crooked government!!!😳😬
100 percent 👍
Agreed! I just lost a dear friend who passed away at age 63. She had not yet retired. She was single and her and her employers paid into the pension for decades. Her family just gets $2500 to help with funeral costs. That's it. If CPP were a real pension, there would have at least been a commuted value for her heirs. CPP is a rip off for single people. Appalling.
@@user-muller7does every bereaved family gets the $2500 ?
its a tax not a pension plan.
I get the minimum Government pension of $23K a year and I'm doing very well indeed on that because I am Debt free , car free , and wife free lol .
Cpp should be non taxable income because one pays into it. The government keeps on taking
CPP IS non taxable. I get CPP +OAS + Supplement and never pay any tax on all that .
I AGREE with you ,how they can take taxes from SENIORS , how dare you? 😢😭😡
@@stk6755 You have to make more than $23K a year to be taxed regardless of how you get the money , through pension or through employment . Why would anyone be exempt from paying taxes on income , especially if that income is large . Seniors , so called , are no different than young people in that they need to pay their fair share . Personally I am not a whining , complaining old guy . and always reject the seniors discount thing because I am in no need of any special discount. Whenever I do pull in extra money above the $23K limit then I end up paying taxes . So What ?
@@edwardmacnab354 Not correct, it is taxable. If this is your only income then likely you are not making enough to be taxed. My brother in law draws CPP and is also working, and I do his taxes and the CPP definitely increases his taxable income.
@@whiskeytango9769 yeah I know all that . What I'm trying to say is that my $23K a year government pension total is not taxed because I am considered on paper to be poor . However . I bank most of that $23K because I pay no rent , have no mortgage , own no vehicle and so have no real expenditures . If I make extra money then I do get taxed a small amount . I made sure I was in this position and quite frankly was amazed at just how much money the government pension delivered .
GOV IS VERY HAPPY FINALLY THEY GET READ OF A OLD TIMER NO MOORE PENSION TO PAY
Most of this is not true. I worked 2 x 8 jobs and paid CPP from each job. I get $600 in my CPP. This is highway robbery in Canada. People who worked less than me get more than me because I am paying to keep people who are on Welfare, Aish, and all the other programs. The Canadian Governemtn is not paiying these benefits out of their money, it is out of our money for all the hard work we put in.
It's really unfair...
What a joke .
Would be more fair if you get a % of what you contributed .
amount of CPP depends on now much did you contrubute into CPP. You may have even 3 jobs, but if you do not make maximum pensionable earnings, you will not get maximum pension even though you worked 40 years. We have to contribute maximum as per maximum pensiobable earnings all 39 years. It's can happen that someone worked less years but was msking more money and contributed more to CPP, this is why his/her pension is higher.
My wife was a homemaker and never had any CPP . I worked and still work ( I’m 77 ) , however since my father died at 62 I took my CPP at 60 . My wife passed away at 65 and CPP magnanimously donated $2500 towards her burial costs. From that time onwards I have only received half of my CPP, that I busted my a§§ for . Americans can draw social security anywhere in the world, but we can only live outside of Canada for 6 months or chance losing our OAS . So what keeps people from living elsewhere? We used to brag about our country and its healthcare being free, well that’s a giant load of BS , I’ve been waiting 2 years for a shoulder replacement surgery . Government lawyers have stacked the deck against us and we blindly follow their orders.
45+yr mortgage at $3000+ a month, house never payed before retirement. Or apartment at over 2000/month. If your 55 or younger now, forget your retirement, you'll have to work till you die.
@@garth217hey, hard working folk here... I'll be working till I die unless there's some big changes. Started working at 12 and now almost 40. Consider yourself lucky to have been a hard working folk in a better time.
@@amandawilliams7121if you don’t own a house now,you r priced out,houses r in the millions…tough for the younger generation
@@garth217 you have to be working at something that pays decent money AND be smart with what you do with your money I feel Rich on the $23K a year the government pays me because I bought my acreage with cash some 30 years ago enabling me to live rent and mortgage free and save most of my money so now I'm property AND cash rich . I save most of my pension money .
Wow, move to the country and find yourselves a home in an unorganized town. Taxes are cheeper
@shirleynoel916 it varies. My small house in an 8000 inhabitants town costs more in taxes than my bigger one with 60 acres of land in a 10x larger city.
You forgot to add that when you pass away the government gets to keep the remaining money
You make a very good point; we appreciate you taking the time to leave feedback!
Government? No, other CPP recipients get it! (makes the pool of money go further)
What if there is a divorced spouse. And you are now the common law spouse?
No wonder they made the health care system so bad… people are dying waiting for treatment…
I AGREE with you they just stilling for your
You and your husband work so hard for so many years not when one pass away they just ,,GUVERMANT,, play the thift 🤦🏾♂️🤦🏼♀️😲🤢
An excellent explanation of the system work. Very clear that yer getting screwed at every turn.😢
i find it very offensive that if a partner dies, the other spouse gets a reduced amount of the person who dies. WHY. It all still should be paid to the partner. That is marriage. That is fair. he/she paid into it. Why should the govt keep it.
My dad is 99 years old this month and I'd still collecting three pensions! 😅
My father collected 9 cheques and died suddenly. The CPP gave a $2500 death benefit, which has not changed in 2 decades.
A spouse can only get a top up to the maximum CPP benefit. So basically, unlike an RRSP, which is taxable in the year of death, the CPP is a scam.
Contribute for decades and the money stays with the CPP.
The crime minister steals it
For a single mom with dependent PWD son, and I passes away, will my depended disabled son received survivor benefit?
Only a spouse or the estate of the deceased is eligible to receive your cpp not dependent. That's why you need to make it a point to save money by either taking a life insurance that pays deagh benefit or save with a discipline where you do not have access to take out the money (UL)
Absolutely ridiculous!!! Both my parents paid into their CPP their lives and neither them or their estate were able to withdraw a penny from what they paid into (they passed away before 65)
Ps, it should not be capped if I or my wife dies and one of us are maximum eligible 🤬
If you absolutely need the money to get by, you better keep working longer. If you are fine already without the CPP, take it asap. Simple.
Very informative thanks!
CPP should be optional because I’d sure as heck not make contributions, I’d be investing my own money for me and my family. I don’t need or want the government for anything.
CPP is a great program to ensure that people save for their retirement. Left to their own devices, many people wouldn't save anything. It is in everyone's best interest that everyone have some money put aside for their latter years. Every first world country has a similar program.
absolutely. there is a vast majority of people who do not save, work under the table, do not pay taxes, whine about this country and when they get sick, they are always the first ones in the hospital sucking free medical from our system that they didn't pay a cent into. The government needs the money to keep our country going.
So tell me. What does $1254 get you these days?
@@AWalkWithWhizzy So many people have an input, but reality is far different. I have always worked, except for 7 yrs raising my kids, always was paid above table, always paid taxes, I can count the number of times on one hand that I had to utilize any hospital, personally, I hate hospitals. With all that said, I was very lucky to have money enough to pay bills, as well as food. Save money? No idea where that would come from. So many paydays, $10 was what I had left to figure out what was more important, eat or gas so I didnt have to walk the 2 miles to work in the morning, and I know I wasnt alone in this. Lets see how many argue with me about this, but this was a fact of MY life.
12 billion sent to Ukraine. Equals 375$ for every individual in Canada. Maybe complain about that.
🎯🎯🎯
Money laundering
The maximum contribution to CPP is around $3,500 per year. Let's say you start at 18 and you worked non stop until 65. That's 47 years. 47 * $3,500 is $164,500. Let's assume you're eligible for the full amount, $1,254. It would take approximately 11 years for you to get your $164,500 back. If you live past 76, you will start getting free money.
Instead, if you invest that $3,500 into a 5% investment account every single year until 65, in 47 years, you'll have around $650,000. So when people criticize Conservatives for wanting to scrap retirement security, this is why. Instead of relying on government to secure your retirement, you can instead learn how to put away the money you would otherwise pay to CPP into an investment. Note that this is only 5%. There are others like GIC, stocks, life insurance, etc. that pays way more. This is not even taking things like dividends into account.
Not $3500
Watching all the way from Canada
like we will worry🙂in the afterlife.
Totally miss single people? (answer big fat zero---so message to singles-start right away)
Great video. One question though. What if the surviving spouse is under 60 and is still working? What pension would they get?
Rule 1 says Surviving spouse receives 60% of dead’s spouse’s CPP. In sample cases 2 of both spouses receive $1000. Why does the surviving spouse receives only extra $254 instead of $600(=$1000x60%) when other spouse passes away ?
Just need to understand HOW you come up $254 which happen to be the Max CPP $1254-$1000 which is NOT 60% of surviving spouse’s CPP.
PS: At end Spouse would regardless still receives only the max CPP $1254.
The PS part answers it. 1254 is the max, regardless of the fact 600 remains
The government is not stupid, there is airways a cap at $1254, would b great to get 60% of $1000 , $600,government saved $346 to fund useless programs
What if I’m not married? Will my kids receive it?
I am asking the same question.
No, they will not , there will be a 2,500.00 payout and it will be taxed.
No your children will not unless they are a dependent, if you have no dependents then you will get a one time payout of 2,500.00 and it will be taxed so , it will be much less. I have gone through this.
@@pushnookyou get the $2500 automatically do u hv to apply for it?
Very well explained. My question is if one spouse never worked so no CPP contribution therefore no CPP. What happens when the spouse who is getting CPP and dies
@@hartplanet356 thanks
@@hartplanet356 and the rest goes to Ukraine
Due to the simple fact the money i earn today will be worthless in 50 years due to inflation, no matter what they may tell you, your CPP goes to the elderly of now, it isnt saved directly for you. That would be stupid.
Well said. A lot of people think it's a personal bank account of sorts, they don't understand that it's paying the elderly now, and if you never worked much, you don't get anything but old age security.
My contribution to CPP max almost for last 34 years. Before that i contributed regular amount. My CPP is even less than 1000. It is way less than you mentioned. Why is that?
Mine too!
Yeah we don't get that much. basically under 500/month for him and under 400 for me. You have to work until you draw your last breath. I'm glad that our house will be paid for in less than 10 years because we are going to have to live somewhere and the streets are not an option. They don't take into account the years you raised kids at home and had no job. They don't believe women work when at home and it is not valued or paid labour. I took in two of my son's friends who had nowhere to go. I got no money for that and no thanks. This is where I'm at.
No one in their right mind would voluntarily give money to a plan like this if it was offered by a private organization either a bank or an insurance company
Is this amount is only on Canada (Federal) or included the Provincial too for the 1254$ per month
One spouse is still working and the other is collecting CPP. If the one collecting CPP dies, will the other spouse get something even though they haven’t reached 65?
TRUDEAU GETS IT
stop, fake news, had enuf bs
CPP is a very poor investment. If a person would contribute the same amount in an RRSP, the return would be exponentially greater and you don’t lose the estate doesn’t lose the funds when the person passes away.
Forget the response, put same amount in GICs and you won't have to pay taxes on cashing in .
@@frankroy9423 👍
RRSP's are just a backup scam. Worst idea ever.
The govn. Is doing cpp cause they don't think that the majority of people can handle their own money wisely or invest for themself.
Some can and would, but some would spend it all then would be on the streets...
Unfortunately a lot of people don't or can't save for retirement, so this is one way to make sure they have some money along with their OAS/GIS.
sir. cpp is contributed pension by the employee. if same employee contribute in company pension after he past away he or she will get allmost 70 percent his company pension.cpp is contributed pension why goverment refuse to pay 70 percent to the survival person.
You get to take it with you.
Don’t understand why anyone would wait till 70 to collect. That why the government offers more money when you’re 70 there’s a better chance they don’t have to pay out.
Why do you use the euphemism "passed away" instead of "died". It just emphasizes how bad and scary death is; that we shouldn't say the word.
It's a choice! deal with it
It’s death . You’re DEAD when you die . Grow up !
Want to be even more frustrated with the scheme?
Your employer also pays into the fund at a dollar for dollar amount relative to your payroll deduction. If you were to max out your payment with one employer and started a job with a different company the same year, the deductions start from $0 for both, but only your portion is refunded when you file your taxes. The employers matching overpayment amount stays in the hands of the CPP.
So if you were to work 2 jobs and max out contributions at both you've added 3x your annual max deduction to the CPP (1 from you, 2 from your employers) but are not afforded any additional value at your retirement relative to someone who had a sole employer and maxed their contributions but ultimately only added 2x their annual maximum (1 from them, 1 from their employer).
EI is a similar situation, but the employer actually contributes at 1.4x your deductions. Now that whole scheme is an entirely different can of worms and would collapse on itself incredibly quickly if it worked like an actual insurance underwriter.
The government is nothing more than an organized crime syndicate.
I don’t know about u but if I pay in cpp more then once a yr, cause I only work shutdowns and cpp starts over I get it back on my taxes. U only pay cpp once a yr, regardless I can’t wait till Trudeau gets out, but then polivere will be taking out cpps anyways, so that why I have a $4000 month union pension screw the governments
Info I didn't know
I am asking a question my son and I have been together all of 37 years he is basically my care giver for many of those years I have no spouse. So can my son get anything when it's my time to cross the pearly bridge . Please tell me his. Name is on my application when I filed for my pension. ? Thank you for your help !!!
I'm 60 and my wife is 53, i am not yet collecting cpp and wont till 65 because of some pension clawbacks i will suffer upon collecting. What will happen if i die before collecting with my cpp, will my wife get at least a credit for what i have paid? her cpp will be low as she is a new comer and her working years were not long. also what will she get if i die and she isnt collecting her cpp yet?
an even better question is , "What happens to your CPP if you go to jail" ?
How can I tell a story of People who contribute and are not receiving the maximum..
There spouses have contributed maximum but chooses to deprive some Spouse by way of Aprisals
The people who support the CPP program are the same type of people that believe the primary purpose of photo radar is to increase road safety.
What if my spouse passes away at age 65 but i am not collecting CPP at the moment would i receive a survivor benefit?
Yes 60% of it until the time you go to collect cpp and then your spouses amount will be less
can ur parents pass along there cpp to there children ?
GOOD JOB IT WAS EASY TO UNDERSTAND ....👌👌👌👌👌🤘🤘🤘👆👆👆👆👍👍👍👍
What a waste of investment! I’d rather not pay into it. Ccp is unliveable. My bachelors pad is $2000 a month and there is nothing available cheeper to rent.
A joke, give that CPP to Trudeau and other in government workers 😢
Spouse A receives CPP and dies. Does Spouse B get anything if they have never contributed to CPP?
60%, thats it. the other 40% goes to Ukraine and Turdeau's cronies.
@@traceym1778 60%.....I'm surprised.
Can I cancel paying cpp permanently?
Why somebody paid for cpp for whole life and when passes away his wife gets nothing or some of it ? Government deserves more than wife ?
Pretty much slavery.
So why are immigrants over 60 eligible to collect cpp
Your pension is only allocated for apartment bill, just line up at food bank for your food when you’re retired🤣🤣🤣
Question what happens they weren’t married legally?
I wonder whether the common law applies here, for common law allows tge division of assets in a divorce. Good question tho.
Yes what happen if you passed before you retire.
Govt get it.
In order words avoid taxes as much as possible and don't rely on the govt for anything.
May as well work.
I'm not married, but my wife was
If someone works for cash income no cpp and income deduction and get more income without paying any taxes when they retired why they can get the government benefits?
@@queenlucky4289no
@@queenlucky4289how can you get cpp if you didn’t contribute lol
I permanently left canada, is it possible to refund or reimburse my contributions from cpp..
They've already given it to the "new Canadians" they can backdate their CPP they never paid into when they get their citizenship to the day they landed here.
If I pass away and I have a dependent disabled son.will he geyt my pension?
Yes
Best to take it before 65 as government claws back old age payments anyway. Everyone plateaus around the same amount at 65 in Canada anyway. Save the CPP $ taken and 60 and you come out ahead.
Old Age Security is only clawed back if your total amount of "monthly payments" is over $120,000/ year.
If no spouse no dependent can you give it to your nephew
No
@@sjbutler2330 thanks if I don’t have any savings the cpp only $280 per month and only live here for 30 years according to the statistics 📈 at least $3000 a month can make the living. If no dependent financial support. How can we make a living
June 2024 sorry they ripped me off
What happens if your wife is not Canadian and not collecting CCP and 55 years old.
If You drank Trudeaus mandated Tea take it ASAP
They give your CPP to Punjabi and Nigerian refugees.
You hit the nail right on the head
Why do you have to call to postpone CPP?
no you have to apply for it .OAS you get automaticli after reaching 65 so if you like to postpone call them
R.I.P. off.
You don't need it then !
It's ALL a crock!
If you redo this video caution, the audience that they may want to have some KY jelly handy
1500 to your estate
Brutal, greedy fricken government.
Use your vote carefully!!!
Please don't talk about the Conservatives like that !
No more bull shit ,by the time lm 70 ,i will be in a care home and no quality of life, lm taking mine at 60 ,government wants you to work till u die or cant work f that,i will take mine at 60 and invest it ,as i plan on staying single
We all pay in the end.
What happens when both spouses pass away? What happens to their CPP?
Dont worry you cant spend it anyway.
bs im not getting my hubbys cpp period n he worked i get my own cpp
What was set out in this video is true. If you are not getting you husband's CPP, he is either not dead or, if he is, you are already collecting the maximum. That's how it works.
its a big rip off is what it is
It ain’t enough. CPP is a damn joke.
CPP=Tax let’s just keep that in mind
No, it is a pension plan and completely separate from gov't finances.
What a waste of time. With the cost of life these days, these amounts are a joke.
The working class can never win no matter what.
I paid CPP since I was 16 in ‘82, am disabled from industrial accident, I won’t see a dime of CPP. Give it to Justin Trudeau for they-their next flight meal, my blood sweat and tears. Kids get nothing but 50% taxes just for existing in Canada.
And your hero Poly is going to give a damn ? I don't think so !
So, We are out here WORKING Our Asses off toohand it off too the Go ernment.... i think i would Rather give it too My kid..
How can anyone live on that? Its laughable.
Defer your pension until 70 are you kidding? Have you looked at the average age of a working class?Man?It definitely is not seventy
They didn't say work until 70. He is just saying if you can delay it, you can earn 40+ more on your payments.
So basically we get boned by the government
There is no future anymore! pull your head out of the sand!
Why wait til 70 you might not live that long so collect it at 65 you never know how long you’re live. Why give it to the government. Some people die before 65 due to poor health.
The government hope you don’t get nothing at all
Immigrants get it as well as a good portion of our taxes government pays for everything for them
Stolen funds.
What a joke no humanity
It goes to the ukraine.and immigrants
not a well thought out bigoted remark