- About Us
- Become A Member
- News & Events
- Tools & Resources
- Contact Us
- Ways to Bank
The Government of Canada (Government) is making changes to the Canada Pension Plan (CPP) over the next five years. The goal of CPP is to replace about 25% of average pre-retirement employment earnings with the other components being Old Age Security (OAS), employer pension plans and personal savings such as RRSPs and other investments. The changes to CPP reflect the Government’s desire for the plan to remain sustainable and reflects the reality that many Canadians transitioning into retirement are working part-time and working longer.
Below are the changes being made to CPP:
You will not be affected by these changes if you started receiving a CPP retirement pension before December 31, 2010 and you remain out of the work force. Cost of living increases, CPP disability and death benefits, the ability to split your CPP with your spouse and child rearing drop-out provision have not been changed.
For more information concerning these changes, check out Service Canada’s website or call 1-800-277-9914.
*CPP contribution levels in 2012 are 4.95% by employee and 4.95% by employer on income between $3,500 - $50,100
$650 Cash Giveaway Winners
Christian Credit Union is pleased to announce the winners of the $650 Cash Giveaway. Members who opened a term deposit from January 1 to February 28, 2017 were automatically entered...
2017 Annual Meetings Wrap Up
Thanks for joining us as we celebrated 65 years at our Annual Meetings in Lethbridge and Edmonton. We enjoyed great food, fellowship, and a good...
Little Black Book of Scams
Every year, Canadians lose millions of dollars to the activities of scammers who bombard us with online, mail, door-to-door and telephone scams. We are...