Hi, STBX now appears to be going after my CPP, which I will not even be eligible to collect for another 15 years. Can she do this ??
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STBX going after CPP... is this possible ?
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This would be part of equalization. If she wasnt working and you were, she would apply for half the credits the years you were married.
It is normal. From what I understand though, its not paid out. Its years of credit taken from you and added to her for the period agreed to. When she goes to apply for CPP it will apply those years to her.
Info is here: https://www.canada.ca/en/services/be...t-credits.html
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Originally posted by plainNamedDad44 View Postthe thing is, I was self employed for almost the entire marriage and accumulated no CPP credits.... as I paid myself through dividends.
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Firstly, CPP is not “yours” it belongs there both of you, just as all assets do. I believe that in most provinces you are required to share the credits on divorce except for 2 or 3 provinces that allow it to not be shared in a separation agreement if the 2 parties agree to that. And you don’t have to agree to that. If you did presumably a similar value item is being traded in the equalization for the credits.
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According to that link BC,AB,SK and QC allow couple to agree to not split credits everywhere else you can’t agree to not split. It looks like even if you did write it in a separation agreement it would not be valid and one person can apply to split it.
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Originally posted by Janus View PostIt one person requests to split the CPP, is it also automatically split the other way as well?
eg. If wife asks for half of husband's CPP, does husband automatically get half of wife's CPP, or does he have to make a separate application?
Each person will be able to look at the final calculation on the CRA site as long as they are registered. You can see a statement going back to date of your first contribution (job) right up to this year. Statement updates every year.
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