Friday, December 20, 2013

CPP Sharing

2:39 PM



Question:

What does "years of common CPP coverage while married" mean?

Answer:

CPP can be shared between spouses when the pension is paid. The sharing formula is based on the years of common coverage. For example, suppose you are the same age. If you contribute from age 25 to 65 (40 years) and your spouse contributes from age 25 to 55, there are 30 years in common. So only the pension accrued during these common years will be split equally between spouse.


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