OCI and Canadian pension ?

Jump to Page:
< Previous [ 1 ] Next >

musicgold
Member since: Jul 07

Posts: 119
Location:
Post ID: #PID

Posted on: 28-12-11 19:20:29

Hi,

I was told by another desi that if a Canadian citizen gets the OCI status, they are not eligible for Canadian pension. I don't what it means.

Can someone please shed some light on the topic?

Thanks.

tamilkuravan
Member since: Jun 05

Posts: 5775
Location: God's own country
Post ID: #PID

Posted on: 29-12-11 01:28:09

I agree with ashedfc but seeing the economy going the way it is, donot bet on these in the long term. For long term only your financial planning / real estate / Gold investment / investments in children and that too in large numbers would help.
Peace

-----------------------------------------------------------------
I am a Gents and not a Ladies.

web2000
Member since: May 06

Posts: 849
Location:
Post ID: #PID

Posted on: 29-12-11 10:45:51

Quote:
Originally posted by tamilkuravan

I agree with ashedfc but seeing the economy going the way it is, donot bet on these in the long term. For long term only your financial planning / real estate / Gold investment / investments in children and that too in large numbers would help.
Peace

Absolutely correct.

dan
Member since: Jan 05

Posts: 449
Location:
Post ID: #PID

Posted on: 30-12-11 08:22:33

Quote:
Originally posted by tamilkuravan

I agree with ashedfc but seeing the economy going the way it is, donot bet on these in the long term. For long term only your financial planning / real estate / Gold investment / investments in children and that too in large numbers would help.
Peace

indeed very true. What is the CPP rate these days anyway ?

web2000
Member since: May 06

Posts: 849
Location:
Post ID: #PID

Posted on: 30-12-11 11:09:13

Quote:
Originally posted by ashedfc

No way,
Govt. Pension comprises of 3part -CPP; OAS & GIS
For CPP, its your contribution coming back to you, so you are entitled to get it where-ever you live.
For OAS (Old Age Security) & GIS (Guaranteed Income Supplement), there's residency requirements you have to meet, to qualify & to continue to qualify..

OCI status, allows you to live in India for a prolonged duration (maybe for ever), so that prespective; if you live in India, than you may not meet the residency requirements of OAS/GIS.

So RRSP also like CPP and there is no residency requirements to get it back. Is it true?

tamilkuravan
Member since: Jun 05

Posts: 5775
Location: God's own country
Post ID: #PID

Posted on: 31-12-11 07:37:34

Yes. Check my other post.
There is no minimum residency requirements to get the CPP where ever you are.
However you may need to be a Canadian citizen. That is a whole other ball game.
Peace

-----------------------------------------------------------------
I am a Gents and not a Ladies.

Jump to Page: < Previous [ 1 ] Next >

Show Printable version

Send this page to a friend

Add to favorites

Discussions similar to: OCI and Canadian pension ?
	Topic	Forum	Views	Replies
	Canadian Immigration as a Skilled worker	Independent Category	1620	1
	How much IT does an average Canadian worker pay?	Ask Immigration Expert	1349	1
	canadian pension after retirement ( 1 2 )	Public Services	2917	9
	CANADIAN STATUS FOR MY AMERICAN BABY	Citizenship	1800	2
	Getting pension in Canada	Our Native Country!	2163	2
	Tax implications of living in Canada and being paid in US $	Accounting and Taxation	1475	2
	How to become a Canadian citizen -info	Citizenship	2349	0
	Canadian Citizenship	Life	1675	1
	INDIA HAS SOCIAL SECURITY AGREEMENT WITH CANADA FOR SECURITY PENSION	Family Class	2506	1
	Any ideas how does Canadian Pension / Old Age Benefits Work?	Life	1474	1
	Pension for senior	General	1725	2
	Help needed to understand the Old Age pension	Accounting and Taxation	1469	0
	Ruby Dhalla unveils bill to end bias against Indians	Life	3185	5
	RRSP to pension	Accounting and Taxation	1357	1
	Our Generous Canada ! ( 1 2 )	Life	4029	10
	How to collect Canadian pension in India?	General	1899	6
	pension plan for canadian citizens	Public Services	1290	1
	Marriage to a canadian citizen ( 1 2 )	Family Class	2284	7
	OCI and Canadian pension ?	Citizenship	3041	5
	Canada Pension Plan - Am I eligible? Process?	General	2350	4
	Pension income declaration	Accounting and Taxation	1372	5
	PIO Status for US Citizen who now is a Canadian citizen ( 1 2 )	Our Native Country!	2924	7
	employer pension plan ( 1 2 )	Financial Planning	5521	11
	(Indian Pension Question) PR soon to be Citizen	Life	3156	3
	RRSP withdrawal staying in Canada ( 1 2 )	Financial Planning	6304	7

Charcha

OCI and Canadian pension ?

Discussions similar to: OCI and Canadian pension ?