7 Credits: Pension-Income Safety Net Package

Choosing the right time to begin the CPP retirement pension is a source of speculation and pain for advisors and their clients. Now, you will be able to answer the question of “when is best?” knowledgeably when you learn details about CPP with a focus on the issue of timing. This is essential learning that increases your value to clients and prospects alike.

• Know how to answer the question of “when is best” when it comes to starting retirement pensions;
• Learn about eligibility, contributions, strategies for benefits received, and recent changes.

OAS has flexibility in its start date, just like the Canada Pension Plan (CPP). This raises the questions of: when is the best time to start the pension, age 65 or later? How can a pension be deferred if the individual is automatically enrolled? And, of huge concern to recipients: How can the clawback be avoided?

This course is crucial to planning retirement income. You will learn details about OAS eligibility and enrolment. You will understand how and when income is determined and the steps available to reduce clawback. You will be able to address client OAS concerns knowledgeably and helpfully.

Start making the right OAS decisions with clients now.

• Learn how and when income is determined and how to address clients concerns about tax;
• Help clients make the right decisions for their OAS pension and build the best pension outcome for their senior years.

The Standards of Professional Responsibility issued by the FP Canada Standards Council define the ethical and professional responsibilities of CFP and QAFP professionals. They include the Code of Ethics, Rules of Conduct, Fitness Standards and Practice Standards. From time-to-time, updates and changes are made to the Standards; it is wise for a professional to be aware of such revisions and how they will affect his practice.

• Get back to basics with essential learning about ethics and rules of conduct;
• Test yourself against six questions of ethics to examine whether your actions meet expectations;
• Read case studies to hone your critical ethical decision-making skills.