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Difference between revisions of "How Do I Divide Our CPP Pensions after We're Divorced?"
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How Do I Divide Our CPP Pensions after We're Divorced? (view source)
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The amount of the CPP credits that <span class="noglossary">will</span> be equalized is the amount each spouse accumulated during their relationship after CPP has performed certain adjustments to <span class="noglossary">account</span> for things like periods out of the workforce on parental leave. The total amount of these credits is divided between each spouse. For people who have had a lower income than their former spouse, the equalization of CPP credits <span class="noglossary">will</span> increase the amount of the CPP pension they <span class="noglossary">will</span> eventually receive. | The amount of the CPP credits that <span class="noglossary">will</span> be equalized is the amount each spouse accumulated during their relationship after CPP has performed certain adjustments to <span class="noglossary">account</span> for things like periods out of the workforce on parental leave. The total amount of these credits is divided between each spouse. For people who have had a lower income than their former spouse, the equalization of CPP credits <span class="noglossary">will</span> increase the amount of the CPP pension they <span class="noglossary">will</span> eventually receive. | ||
To apply for the equalization of your CPP credits, apply to | To apply for the equalization of your CPP credits, apply to Service Canada. You can reach Service Canada at: | ||
<blockquote>1-800-277-9914<br> | <blockquote>1-800-277-9914<br> | ||
[http://www. | [http://www.servicecanada.gc.ca]</blockquote> | ||
For further information about the division of property when spouses break up, you may wish to <span class="noglossary">review</span> the chapter [[Property & Debt in Family Law Matters]]. | For further information about the division of property when spouses break up, you may wish to <span class="noglossary">review</span> the chapter [[Property & Debt in Family Law Matters]]. | ||
{{REVIEWED | reviewer = [[ | {{REVIEWED | reviewer = [[Gayle Raphanel]], July 5, 2017}} | ||
{{JP Boyd on Family Law Navbox|type=how}} | {{JP Boyd on Family Law Navbox|type=how}} | ||
