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You might think the answer to this question is a simple "Yes". I used to think so also, but I don't necessarily think this is always true anymore.
When CPP benefits are approved, they won't have your current year of earnings/contributions available, and sometimes they won't even have the previous year's available. This has always been the situation, but it used to be common practice that your benefit would be recalculated once those earnings/contributions were processed by Revenue Canada (after your tax return was assessed). Based on a number of cases that I've seen recently, it seems this recalculation doesn't always happen unless you request it (by phone or in person) and not always even then.
If you started receiving CPP in 2011 or earlier AND if you were working in the year that your benefit started or the previous year AND if you haven't received a retroactive adjustment to your benefit amount since it first started, you may want to call Service Canada at 1-800-277-9914 to ask them to ensure that your benefit calculation includes those last 2 years of earnings/contributions.
If you want an independent calculation of your benefit amount just to make sure, email me at [email protected]
When CPP benefits are approved, they won't have your current year of earnings/contributions available, and sometimes they won't even have the previous year's available. This has always been the situation, but it used to be common practice that your benefit would be recalculated once those earnings/contributions were processed by Revenue Canada (after your tax return was assessed). Based on a number of cases that I've seen recently, it seems this recalculation doesn't always happen unless you request it (by phone or in person) and not always even then.
If you started receiving CPP in 2011 or earlier AND if you were working in the year that your benefit started or the previous year AND if you haven't received a retroactive adjustment to your benefit amount since it first started, you may want to call Service Canada at 1-800-277-9914 to ask them to ensure that your benefit calculation includes those last 2 years of earnings/contributions.
If you want an independent calculation of your benefit amount just to make sure, email me at [email protected]
