Comments on: CPP Statement of Contributions http://www.canadiancapitalist.com/cpp-statement-of-contributions/ Helping you invest and prosper Sun, 12 Feb 2012 00:54:40 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Shelly Spencer http://www.canadiancapitalist.com/cpp-statement-of-contributions/#comment-211037 Shelly Spencer Mon, 15 Feb 2010 15:20:00 +0000 http://www.canadiancapitalist.com/2006/09/12/cpp-statement-of-contributions#comment-211037 I would like to know where I would go to get a cpp statement? I would like to know where I would go to get a cpp statement?

]]> By: Investing Intelligently http://www.canadiancapitalist.com/cpp-statement-of-contributions/#comment-8663 Investing Intelligently Fri, 22 Sep 2006 06:02:02 +0000 http://www.canadiancapitalist.com/2006/09/12/cpp-statement-of-contributions#comment-8663 Isn't checking this yearly a bit extreme? Isn’t checking this yearly a bit extreme?

]]> By: Alex Givant http://www.canadiancapitalist.com/cpp-statement-of-contributions/#comment-8188 Alex Givant Thu, 14 Sep 2006 15:17:05 +0000 http://www.canadiancapitalist.com/2006/09/12/cpp-statement-of-contributions#comment-8188 CC: Check this book and you may see that retirement closer to you than you thought before. In any case - "Knowledge is Power". CC: Check this book and you may see that retirement closer to you than you thought before. In any case – “Knowledge is Power”.

]]> By: Al R http://www.canadiancapitalist.com/cpp-statement-of-contributions/#comment-8182 Al R Thu, 14 Sep 2006 12:41:13 +0000 http://www.canadiancapitalist.com/2006/09/12/cpp-statement-of-contributions#comment-8182 The CPP is actuarially sound for the next 75 years - it should be around when anyone living now or born within the next 10 years retires... Whereas the US never took steps to actually address its social security issues, Canada did. In 1997, CPP contibution rates were increased from 6% (employer/employee contributions) of pensionable earnings to 9.9% by 2003. However, given the massive surplus in the EI fund, I'd be happy to see *those* premiums scaled back... The CPP is actuarially sound for the next 75 years – it should be around when anyone living now or born within the next 10 years retires…

Whereas the US never took steps to actually address its social security issues, Canada did. In 1997, CPP contibution rates were increased from 6% (employer/employee contributions) of pensionable earnings to 9.9% by 2003.

However, given the massive surplus in the EI fund, I’d be happy to see *those* premiums scaled back…

]]> By: Canadian Capitalist http://www.canadiancapitalist.com/cpp-statement-of-contributions/#comment-8162 Canadian Capitalist Thu, 14 Sep 2006 03:05:28 +0000 http://www.canadiancapitalist.com/2006/09/12/cpp-statement-of-contributions#comment-8162 Alex: I'll check out that book, though for us retirement is so far off that I am not counting on CPP, OAS etc. being there for us (though I read somewhere that the CPP should be good for another 75 years). Alex: I’ll check out that book, though for us retirement is so far off that I am not counting on CPP, OAS etc. being there for us (though I read somewhere that the CPP should be good for another 75 years).

]]> By: MyFinanceForum.com http://www.canadiancapitalist.com/cpp-statement-of-contributions/#comment-8134 MyFinanceForum.com Wed, 13 Sep 2006 17:34:10 +0000 http://www.canadiancapitalist.com/2006/09/12/cpp-statement-of-contributions#comment-8134 Good advice for those of us who want to retire earlier rather than later! Good advice for those of us who want to retire earlier rather than later!

]]> By: Alex Givant http://www.canadiancapitalist.com/cpp-statement-of-contributions/#comment-8127 Alex Givant Wed, 13 Sep 2006 15:26:26 +0000 http://www.canadiancapitalist.com/2006/09/12/cpp-statement-of-contributions#comment-8127 It's actually one of the advice that I've got from book "Why Swim with the Sharks?: An unconventional guide to early retirement" by Diana Salomaa - excellent book about retirement system in Canada. She explains why you don't need 70% of current income when you on pension (mainly, mortgages are paid off, you don't need to commute to job each day, kids are grown - no day care payments and so on). She shows what sources of money you can rely on when you getting pension. It’s actually one of the advice that I’ve got from book “Why Swim with the Sharks?: An unconventional guide to early retirement” by Diana Salomaa – excellent book about retirement system in Canada. She explains why you don’t need 70% of current income when you on pension (mainly, mortgages are paid off, you don’t need to commute to job each day, kids are grown – no day care payments and so on). She shows what sources of money you can rely on when you getting pension.

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