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0%Discover the pension plans that changed the lives of millions of Canadians and can change yours too.
We select the best plans so that you know better and plan your future.
1- The CPP
Okay, so the Canada Pension Plan (CPP) is like a savings plan for Canadians. When you work, a bit of money gets taken from your paycheck and also kicked in by your employer. This money goes into the CPP fund to help you out financially when you retire.
Why’s CPP Cool?
It’s not just for retirement. If you get sick or hurt and can’t work, CPP can help with some cash. And if, heaven forbid, something happens to you and you pass away, your loved ones might get some support from CPP too.
How to Grab Your CPP Cash
Retiring?
Cool, you can apply online on the Service Canada website. Don’t like the internet? No worries, there’s a paper application you can mail in or hit up a Service Canada office in person.
Need Disability Benefits?
It’s a bit more involved. You can start the process online or grab a paper application from Service Canada.
Survivor Benefits?
If you’re applying for your loved ones after someone’s passed away, you can do it online or go to a Service Canada office. Make sure to have documents like the death certificate handy.
Stuff You Need
Social Insurance Number (SIN): Your work passport. You need it to apply.
Birth Certificate: Proof of when you were born.
Bank Info: If you want your cash directly deposited, bring your bank details.
Work History: Where you’ve worked, for how long, all that jazz.
Just remember, each type of CPP benefit has its own rules, and the money you get depends on things like how much you’ve put in and when you apply. Check the official Service Canada website for the latest info on CPP.
2- The GIS
Alright, so GIS ( Guaranteed Income Supplement) is like an extra support fund for seniors in Canada who are getting the Old Age Security (OAS) pension and, you know, need a bit more financial help.
Why GIS is Handy
It’s basically extra cash for folks who are already getting the OAS pension but might still be struggling to make ends meet. It’s there to give them a boost.
How to Get Your Hands on GIS
If you’re getting OAS, you might be eligible for GIS without even asking. The government will check your income tax return and let you know if you qualify. But, if for some reason they don’t, or you didn’t file taxes, you can apply by filling out a form.
Applying for GIS
You can apply online through the Service Canada website or, you guessed it, pick up a paper form from them. Fill it out, and either mail it in or drop it off at a Service Canada office.
Stuff You Need
Social Insurance Number (SIN): Your golden ticket. You need it for the application.
Proof of Income: They’ll want to know what you’re bringing in, so have your income details handy.
Tax Info: If you filed taxes, they’ll use that info. If not, they might need extra details.
Remember, GIS has its own set of rules, and the amount you get depends on things like your income and living situation. For more, check out the Service Canada website or give them a shout for the latest info on GIS.
3- The OAS
Okay, so OAS is like a little bonus from the Canadian government for seniors. It’s money they give you when you hit a certain age, just to make life a bit easier.
Why OAS is Neat
It’s like a little retirement present. When you reach a certain age, the government starts sending you some extra cash to help cover your expenses. Sweet deal, right?
How to Snag Your OAS Cash
You don’t really have to apply for OAS. If you’re eligible, the government usually enrolls you automatically. But, just in case they miss you, you can apply online through the Service Canada website or grab a form from them.
Applying for OAS
If you’re feeling proactive and want to make sure you get your OAS, you can apply online. Or, if you prefer the old-school way, get a form from Service Canada, fill it out, and either mail it or drop it off at a Service Canada office.
Stuff You Need
Proof of Age: They want to make sure you’re the right age, so have your birth certificate or other ID handy.
Social Insurance Number (SIN): Your ID number. You’ll need it for the application.
Residency Details: They’ll ask about where you’ve been living, so be ready to spill the beans on your address history.
Just remember, OAS has its own set of rules, and the amount you get depends on factors like how long you’ve lived in Canada. For the full scoop, check out the Service Canada website or give them a buzz for the latest OAS info.