This is a multi-part message in MIME format. ---------------------- multipart/alternative attachment Thanks very much for your reply. I visited the CPP plan office and was = shown a chart that confirms for a few reasons I am far better off taking = my pension now. =20 WXXXX "David Ingram at home - bus at [email protected]" wrote:=20 =20 Name: Wxxxxxx=20 the_email: =20 My question is: Canadian-specific=20 QUESTION: Is someone better off taking their Canada Pension at age 60 = or wait until 65? I am 60 years and am on a modest company pension. I = have a small income from GIC's and other investments. If I understand = correctly, If I start collecting CPP now at a reduced amount, at the end = of twenty years I will have collected the same total amount as I would = have if I started collecting at age 65 years. Thanks.=20 = -------------------------------------------------------------------------= --=20 david ingram replies: You will either like the answer or not like it. = I am 61 and can't make up my mind either. If you die before you are = 65, there is no doubt that you would have been better off taking it = now. I have decided to keep on contributing because I can and am still = working. If I was retired and not going to work anymore, I am pretty = sure I would take it now. A small thing but there nevertheless is that = taking a smaller amount for ever could result in less clawback of the = old age pension when you hit 65. Not much help but there it is. I think = you should take it now unless you can tell me what day you are going to = leave this mortal earth, in which case we could calculate your options = exactly. If you know you are going to live till 90 for instance, you are = definitely better off waiting longer to start. On the other hand, if you = are a philanderer and might get shot by an irate husband next week, you = should definitely start now. David Ingram's US/Canada Services=20 US / Canada / Mexico tax and working Visa Specialists=20 US / Canada Real Estate Specialists=20 108-100 Park Royal South=20 West Vancouver, BC, CANADA, V7T 1A2=20 Calls accepted from 10 AM to 10 PM 7 days a week=20 Res (604) 980-3578 Cell (604) 657-8451=20 Bus (604) 980-0321=20 [email protected]=20 www.centa.com www.david-ingram.com Disclaimer: This question has been = answered without detailed information or consultation and is to be = regarded only as general comment. Nothing in this message is or should = be construed as advice in any particular circumstances. No contract = exists between the reader & the author and any and all non-contractual = duties are expressly denied. All readers should obtain formal advice = from a competent financial, or real estate planner or advisor & = appropriately qualified legal practitioner, tax or immigration = specialist in connection with personal or business affairs such as at = www.centa.com. If you forward this message, this disclaimer must be = included."=20 This from "ask an income tax and immigration and bankruptcy expert" = from www.centa.com or www.jurock.com or www.featureweb.com. Canadian = David Ingram deals daily with tax returns dealing with expatriate:=20 multi jurisdictional cross and trans border expatriate problems for = the United States, Canada, Mexico, Great Britain, the United Kingdom, = Kuwait, Dubai, Saudi Arabia, South Africa, Thailand, Indonesia, Egypt, = Antarctica, Japan, China, New Zealand, France, Germany, Spain, Italy, = Russia, Georgia, Brazil, Peru, Ecuador, Bolivia, Scotland, Ireland, = Hawaii, Florida, Montana, Morocco, Israel, Iraq, Iran, India, Pakistan, = Afghanistan, Mali, Bangkok, Greenland, Iceland, Cuba, Bahamas, Bermuda, = Barbados, St Vincent, Grenada,, Virgin Islands, US, UK, GB, American and = Canadian and Mexican and any of the 43 states with state tax returns, = etc.=20 income tax wizzard guru advisor specialist consultant taxman Alaska, = Alabama, Arkansas, Arizona, California, Colorado, Connecticut, = Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, = Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, = Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, = Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico,New = York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon. = Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, = Texas, Utah, Vermont, Virginia, West Virginia, Wisconsin, Wyoming, = British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec City, = New Brunswick, Prince Edward Island, Nova Scotia, Newfoundland, Yukon = and Northwest and Nunavit Territories, Mount Vernon, Eumenclaw, Coos = Bay and Dallas Taxman and Tax Guru Your name has been added to our = email list because of an enquiry we have received, we may not answer = your question but=20 another similar question will be as we lump them. You may find more = answers at www.centa.com David Ingram of the CEN-TA REALTY Group=20 US / Canada / Mexico tax and working Visa Specialists=20 US / Canada Real Estate Specialists=20 108-100 Park Royal South=20 West Vancouver, BC, CANADA, V7T 1A2=20 (604) 980-0321 - Fax 913-9123 [email protected]=20 www.centa.com www.david-ingram.com =20 ---------------------- multipart/alternative attachment An HTML attachment was scrubbed... URL: http://www.centa.com/CEN-TAPEDE/centapede/attachments/1d411979/attachment.htm ---------------------- multipart/alternative attachment--
