i was wondering if you knew if i could apply now to start my cpp as i will be turning 60 in nov/07-- i am now presently living in washington and working there. i stopped working in canada in dec /2000. thanks you for your reply
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david ingram replies:
You may apply to collect your Canadian CPP at age 60 whether youlive in the US or Canada You will receive 30% less than if you started at 65. That workls out o about 6% less per year that you collect the pension early.
Apply online at http://www1.servicecanada.gc.ca/en/isp/common/rtrinfo.shtml
Personally, I elected not to take early CPP and have not applied now that I am 65. My reasoning is that I do not need it now so if I can keep on contributing, it will only get larger and i can apply any time in teh next five years. When i am not working, I owuld rather have the larger amount than a smaller amount now for life. If I die early, that is my loss but i would rather have 30% more five years from now tahn 30% less for the same ten years and then life. I am going to live to 145 after all. �
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