CPP
Loopholes Tagged "CPP"
Plain-English guides to Canadian legal rights and workarounds related to CPP.
CPP Child-Rearing Provision — Drop Low-Earning Years So Your Pension Stays Higher
If you had low or zero earnings while caring for a child under age 7, the Canada Pension Plan child-rearing provision can exclude those years from your CPP retirement, disability, or survivor benefit calculation, often increasing benefits for life.
CPP Death Benefit — Claim the One-Time Payment Quickly So It Doesn't Get Lost in Probate
The CPP death benefit is a one-time payment payable to an estate or other eligible applicants after a contributor dies.
CPP Post-Retirement Benefit — Keep Growing CPP Even After You Start Taking It
If you keep working while receiving CPP and are under 70, additional CPP contributions can generate post-retirement benefits that permanently increase your retirement income.
CPP Retirement Pension Retroactivity — Recover Up to 12 Months of Missed Payments
CPP retirement benefits can be paid retroactively for up to 12 months in qualifying cases.
CPP Survivor's Pension — Claim Monthly Income After a Spouse or Partner Dies
CPP may pay a survivor's pension to an eligible spouse or common-law partner, but you usually need to apply and the amount depends on age and other CPP benefits.
OAS Deferral Strategy — Permanently Boost Your Old Age Security by up to 36%
Canadians can delay collecting Old Age Security past age 65, earning a permanent 0.6% boost per month deferred — up to 36% more at age 70.
CPP Credit Split After Divorce — Permanently Divide Pension Credits Earned During the Relationship
After divorce, separation, or the end of a common-law relationship, CPP credits earned during the relationship can often be split equally.
CPP Enhancement & Maximising Lifetime Benefits
The enhanced CPP since 2019 — and CPP2 since 2024 — now replaces up to 33% of lifetime earnings, and delaying your CPP start to age 70 increases every cheque by 42% permanently.
CPP Pension Sharing — Reallocate Retirement Pension Between Spouses for Tax Savings
Spouses and common-law partners can apply to share CPP retirement pension amounts.
Worker Misclassification: Reclaiming CPP & EI as a Contractor
If CRA determines you were misclassified as an independent contractor when you were actually an employee, you can recover the employer's share of CPP contributions and EI premiums — and gain access to EI benefits, vacation pay, and employment standards protections.