Ads keep this website free for you.
TaxTips.ca does not research or endorse any product or service appearing in ads on this site.  Before making a major financial decision you  should consult a qualified professional.

CPP Child Rearing Drop-out TaxTips.ca
Canadian Tax and
Financial Information
TaxTips.ca Home

What's New

Links & Resources

Site Map

Need an accounting, tax or financial advisor? Look in our Directory.  Use above search box to easily find your topic!   Stay Connected with TaxTips.ca!
Home
What's New
Calculators
Personal Tax
Business
Sales Taxes
Financial Freedom
Financial Planning
Registered Accounts
Real Estate
Investing
Seniors
Disabilities
Canada
US Tax Tips
Alberta
British Columbia
Manitoba
Ontario
Quebec
Saskatchewan
Atlantic Provinces
Territories
Federal Budget
Prov/Terr Budgets
Statistics etc.
Glossary
Site Map
Directory
Advertise With Us
Contact Us/About Us
Links & Resources
Seniors -> CPP Child Rearing Drop-out

Did You Stay Home to Raise Young Children?

Make Sure You Apply for the Child Rearing Drop-out (CRDO)

If your children were born after December 31, 1958, and your Canada Pension Plan (CPP) contributions were reduced while you stayed home or reduced your hours of work to be the primary caregiver for the children, you may be eligible to have the child rearing drop-out (CRDO) provisions applied to your account when you apply for a CPP benefit (such as retirement or disability pension, or death or survivor benefits).  The CRDO applies for years when you were caring for your children who were under the age of 7 years.  Application of the CRDO will increase your monthly CPP benefit.

The CPP Child Rearing Drop-out application must be completed at the same time as you apply for any CPP benefit.  If you are already collecting a CPP benefit and did not know about the CRDO, contact Service Canada to apply to get your benefits increased retroactively.

For more information, see Child Rearing Drop-out Provision on the Canada Pension Plan Eligibility web page.

TaxTips.ca Resources

Canada Pension Plan Retirement Benefit Rules

Canada Pension Plan Retirement Benefit

Revised: October 26, 2023

 

Copyright © 2002 Boat Harbour Investments Ltd. All Rights Reserved.  See Reproduction of information from TaxTips.ca

Facebook  | Twitter  |  See What’s New, stay connected with TaxTips.ca by RSS or Email
The information on this site is not intended to be a substitute for professional advice.  Each person's situation differs, and a professional advisor can assist you in using the information on this web site to your best advantage. 
Please see our legal disclaimer regarding the use of information on our site, and our Privacy Policy regarding information that may be collected from visitors to our site.