How to Check Your CPP Balance
Here are a couple of questions for you to think about:
1) If 4,000 plus each year was being deposited into an account for your benefit, how often do you think the balance should be checked? Yearly? Every couple of years?
2) Would it surprise you to hear that many Canadians do indeed have a deposit of $4,000 plus into their Canada Pension Account each and every year and do not check the balance until just before they go to use it? (50% of contribution from employer)
Individuals are often to busy to take the time to plan.
One of the RISKS of business ownership is that so much time is spent working IN the business that you do not take the time for yourself and work ON the business. Consequently some things can slip through the cracks more important than your checking your CPP statement.
To order your Canada Pension Plan Statement:
You can download, complete and print attached and mail.
You can also order your statement online at http://www.servicecanada.gc.ca/eng/home.shtml
If you would like assistance or a second opinion on planning your retirement income using the various options do not hesitate to contact us.
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J. Paul Wilson
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