I heard canadian citizens has to work for 10 years in Canada to be eligible for getting a pension at the age of 65 years, is this true? any hidden requirements? ...catch?
what is the full criteria? how much money invovled?
fellow CDs, pls put light on this imp topic
thanks
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"We do not stop playing because we grow old; we grow old because we stop playing".
Posts: 661
Location: in the heart of Mrs Saga
Posted on: 21-06-05 04:42:09
Location: in the heart of Mrs Saga
Posted on: 21-06-05 04:42:09
Quote:
Orginally posted by kdnyanesh
I heard canadian citizens has to work for 10 years in Canada to be eligible for getting a pension at the age of 65 years, is this true? any hidden requirements? ...catch?
what is the full criteria? how much money invovled?
fellow CDs, pls put light on this imp topic
thanks
What is a CPP retirement pension?
A CPP retirement pension is a monthly benefit paid to people who have contributed to the Canada Pension Plan.
How do I qualify?
You qualify for a CPP retirement pension if you have made at least one valid contribution (payment) to the Plan and if:
you are at least 65; or
you are between 60 and 64, and meet the earning requirements set out in the legislation.
Your retirement pension does not start automatically. You must apply for it (unless you already receive a CPP disability benefit and turn 65, at which point your disability benefit automatically changes to a retirement pension).
http://www.hrsdc.gc.ca/asp/gateway.asp?hr=/en/isp/pub/factsheets/retire.shtml&hs=cpr
Did you find answers to your question here?
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Deal With Reality or Reality Will Deal With You
Thanks Faisal, that link would be much useful
cheers
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"We do not stop playing because we grow old; we grow old because we stop playing".
