not candian resident anymore - how to withdraw the CPP?

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billbtch
Posts: 3
Joined: Mon Dec 20, 2010 5:24 pm

not candian resident anymore - how to withdraw the CPP?

Post by billbtch »

was temporary resident in Quebec(working visa) for almost 3 years .
now i'm residence of U.S.
is there any legal way to withdrow the money in my Canada Pension Plan?
i don't have problem to pay penalty and taxes but i need the money now
and anyway in my original country there isn't any arrangement of direct deposit so i'm afraid that once i'll leave U.S i will loose trace of the money
please help
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nelsona
Posts: 18680
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Post by nelsona »

You will only get CPP when you reach at least 60, and it will be paid to you monthly at that time. Nothing can be done before this, and no lump sum withdrawal is possible.

Keep good records of your CPP contribution history. If you work long enough in US, CPP may help you qualify for SS as well.
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best
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nelsona
Posts: 18680
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Post by nelsona »

QPP and CPP are the same, by the way.
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best
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