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MoneySense Magazine, February/March 2012
Break up woes: My ex took my CPP
Your ex can claim your Canada Pension Plan money.
It’s no surprise that your spouse could walk away from your marriage or common-law relationship with half of your collective real estate and investment assets. But did you know your ex can also claim your Canada Pension Plan money? If one spouse notifies the government of the split, the CPP credits earned by both spouses during the marriage are added together and divided 50=50: extra credits from the higher income earner are shared with the ex-spouse. “In situations where one spouse worked very little or not at all, it’s a big deal,” says Eva Sachs, a financial planner who specializes in divorce. In that case, if the working spouse is eligible for the maximum monthly CPP payout of $986, his or her payments could be reduced to $493.
MoneySense Magazine, February/March 2012











It only takes about 10 years of working beyond the time of the pension split happening, for the working spouse's pension credits to be fully restored. this article is not completely factual in its presentation, through omission more than anything else. Sheesh.
That sucks for the higher income earner, but beneficial to the stay at home husband/wife child rearing parent… As long as the husband wasn't just staying at home by himself, with his feet up watching TV all day…. which in my case, what was I thinking he should have left long long time ago. Thinking you can change somebody is insane.
OK, so I am venting…. lol