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Old 05-29-2015, 07:08 AM   #4
stampsx2
First Line Centre
 
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Join Date: Aug 2009
Location: Calgary
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Absolutely not. No increase to cpp whatsoever. If you die before 65 the government get's to keep everything you put in your whole life. It's a very high risk investment with a possible return of almost zero. If i take my monthly contributions and invest them in rrsp's i have a guarenteed amount going to a spouse, sibling, child or i could even donate it to a charity of my choice.

As a matter of fact i would rather have the option of backing out of cpp alltogether. As you mentioned earlier, if you die before you had a chance to collect you or your spouse see almost none of what you've contributed your whole life.

My guess is a canadian would have to live to at least 75 to benefit from cpp above and beyond what they put in.

The government can implement a mandatory retirement saving policy where a percentage of your paycheque goes into a savings of your choice.
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