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New rules if you are working and collecting CPP

February 20, 2013 at 11:08 AM

Service Canada has a Post-Retirement Benefit calculator which notes that:

1.       The PRB is a new benefit for people who work and make CPP contributions while already receiving a CPP retirement pension.  The Government of Canada has developed this calculator to help you better understand how contributions to the PRB will further contribute to your financial security after you retire.

2.       A PRB is available the year following the year you make contributions.  You will receive a new PRB for each year you make contributions.  Each new PRB will be added to any previous PRBs.

         The calculator is available at http://srv111.services.gc.ca/PRB_01.aspx.

 

Tax Tips & Traps 2013