CPP Rate Increase for 2014
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Thread: CPP Rate Increase for 2014

  1. #1
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    CPP Rate Increase for 2014

    Has the CPP rate increase for 2014 been announced yet?

    Found my own answer. The increase for 2014 is .9%.

    Last edited by KiraFG; 2013-12-19 at 09:51 PM.

  2. #2
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    Quote Originally Posted by KiraFG View Post
    Has the CPP rate increase for 2014 been announced yet?

    Found my own answer. The increase for 2014 is .9%.
    Kira - I've been watching for that rate increase and still can't find it anywhere. Have you got a link that you can share?
    Accurate CPP estimates at www.DRpensions.ca or by email to DRpensions@shaw.ca

  3. #3
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    Sort of. The difference between what I've been getting for 2013 and what the website tells me I am going to be getting for 2014 comes out to .9%.

    That confirms what I saw in this article from the Ontario Teachers Pension Plan, in this paragraph near the bottom:
    ..."The method used to calculate the increase is prescribed in the Teachers' pension plan and is the same method used by most other major Ontario pension plans, as well as the Canada Pension Plan."

    http://www.otpp.com/members/your-ret...ation-increase

  4. #4
    Senior Member stardancer's Avatar
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    OMERS is going up .9% also

  5. #5
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    I also think you can also calculate it once all the important data has been posted at

    http://www.rateinflation.com/consume...historical-cpi

    To calculate the 2014 CPP rates increase, the average CPI for November 2012 to October 2013 is divided by the average CPI for November 2011 to October 2012.

    November 2012 to October 2013 121.9 121.2 121.3 122.7 122.9 122.7 123 123 123.1 123.1 123.3 123
    November 2011 to October 2012 120.9 120.2 120.7 121.2 121.7 122.2 122.1 121.6 121.5 121.8 122 122.2

    In numeric terms, the average CPI for November 2012 to October 2013 was 122.6. This amount is then divided by the average CPI for November 2011 to October 2012, which was 121.508.

    1.00898 minus 1 equals 0.00898. Multiplying by 100 to obtain the percentage increase of 0.90 percent.

  6. #6
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    Or if you just want to know what the max. is you could try this:

    http://www.cra-arc.gc.ca/tx/bsnss/tp...rt-pf-eng.html

  7. #7
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    Here, finally, is the official news release from the department: http://news.gc.ca/web/article-en.do?nid=804519
    Accurate CPP estimates at www.DRpensions.ca or by email to DRpensions@shaw.ca

  8. #8
    Senior Member sags's Avatar
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    55 cents a month increase for the OAS..............


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