- September 28, 2011
CPP get it early! / GIS information / Survivor benefits
Canada Pension Plan- Recieve it early!
You may want to receive an early CPP- at the age of 60 , or at age 65 or even at age 70, depending on your comfort income level.
Should you collect CPP at the age of 60, you will receive a 30% less benefit than at age 65.
If you want some help to look at this give Frank Jetha a call at 604-298-1085
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Guaranteed Income Supplement
This is an additional monthly benefit available to seniors who receive an Old Age Security Pension and have a low or modest income. A couple should have an income of less than $31,000 a year whereas a single person's income should be less than
$12,800 a year. OAS and GIS is not considered as income in the above yearly incomes. Shoud you qualify for this benefit (GIS) then you would get a subsidized bus pass for $45/year.
Again if you need help to take the next steps with this give Frank Jetha a call at 604-298-1085
Survivors Benefits
Death benefits is interconnected with the contribution you made to CPP over your working life. It varies person to person according to your contribution. If your spouse dies you can get up to $2500 towards funeral costs. You can also collect up to 62% of the deceased spouses CPP. eg. if he was collecting $300 you could colletct up to $180.
If there are children under age of 18 they are also eligible for survivor benefits as well. If there are children up to 25 years of age attending school full time they can qualify as well.
