Retirement Planning with CPP & OAS – AC Recorded Webinar

Most Canadians will qualify for Old Age Security (OAS) payments and possibly Canada Pension Plan (CPP) payments when they are ready for retirement.

However, these programs, which can potentially affect almost all Canadians, are deceptively complicated when it comes to understanding the nuances of the pension entitlements.

Join Maureen Vance CPA, CA for a comprehensive and practical discussion of CPP and OAS payments, including a review of some of the most commonly misunderstood aspects of the programs, such as the CPP “drop-out” provision and maximum survivor benefits. Changes to CPP and QPP that took effect in 2024 will also be discussed as will proposed changes to CPP and the differences between CPP and QPP. 

Case studies will be used to illustrate the various factors that should be taken into consideration when recommending when to start CPP and/or OAS.

TOPICS:

CPP

• CPP Basics
• Enhanced CPP
• CPP changes for 2024
• Proposed CPP changes
• CPP Retirement Pension Calculation
• Understanding the Drop-out provisions
• The CPP statement: how to access it, and what does it mean?
• CPP Disability Benefit
• Starting CPP early or deferring CPP: breakeven analysis
• Working and collecting CPP
• Post-Retirement benefits
• Impact of early retirement
• Contributing to CPP past age 65
• Calculating Survivor benefits
• Splitting CPP with a spouse and pension sharing
• Québec Pension Plan
• Common CPP scenarios

OAS

• OAS eligibility
• OAS deferral enhancement 
• Implications of OAS clawback
• Qualifying for Guaranteed Income Supplement

LEARNING OBJECTIVES:

• Learn how to calculate the CPP retirement pension
• Understand the implications of the death of a spouse on CPP and OAS
• Be aware of the effect of early or late retirement on CPP entitlements
• Recognize the factors that should impact the decision of when to take CPP and OAS
   

MINIMUM REQUIREMENTS:

You will require an Internet connection and a phone/voice connection at the same time. Most attendees use their computer for the audio. Participants are able to submit questions and comments during the session via a Q&A text panel. Terms, conditions, pricing and services subject to change.

PROFESSIONAL DEVELOPMENT CREDITS (CPE HOURS):

Wolters Kluwer professional development programs are designed to meet the continuing education requirements of a variety of professional associations. These requirements do vary by association and region. Please consult your provincial association to ensure this webinar meets the continuing professional development standards for your specific situation. 

Registrations for each Live Webinar are available until the start of each program. We reserve the right to substitute speakers in the case of instructor illness. In the event that we must cancel a Live Webinar, all registrants will be notified immediately and given the opportunity to either transfer their registration to another Live Webinar or a Recorded Webinar or obtain a refund. For all Live Webinars that are recorded, participants will have access to the recording for 12 months following the Live Webinar. Partial credit will not be awarded for attendees that are not present for the entirety of the Live Webinar. Credit will not be awarded if an attendee does not answer all of the polling questions (where applicable). Additional credit will not be awarded due to the instructor presenting over the allotted time.

 
PRESENTER:

This webinar is being presented by: Maureen Vance B.Com., CPA, CA

Maureen obtained her CA with Peat Marwick Mitchell (a predecessor of KPMG) and joined Taxprep (now part of Wolters Kluwer) in 1985. She completed the CICA In-depth tax course in 1991, and since 2002, she has been a consultant to Wolters Kluwer on tax and compliance issues.

Maureen researches and writes material on tax planning and compliance and presents seminars and webinars on various tax and software topics to accounting firms across Canada. She is a member of the CRA-CPA Canada Technology Working Group, a contributor to the CPA Canada Tax Risk Management Guide, a contributor to the Wolters Kluwer publications Preparing Your Income Tax Returns, Preparing Your Corporate Tax Returns, Preparing Your Trust Returns and Preparing Your Partnership Returns.