Canada Pension Plan

[Cam Ellison]

On 19/02/15 06:01 PM, Phil Longstaff wrote:
> I think treating the CPP as an asset is really the best you can do, because
> it is not an asset you own. It is a government program you pay into, and
> then when you retire, the government pays you based on your salary over
> your working life. It's not your asset.
>
Treat it as an expense, and do not show the asset.  As Phil says, it's 
not your asset.  It's deferred salary, in a sense. If you want to do 
retirement planning, it's better to use a spreadsheet and download the 
data from your account on the ServiceCanada website, and then dump the 
relevant data from Gnucash to the spreadsheet using a report.  CPP 
payments change year-to-year because of inflation and for other reasons 
over which you have no control and cannot predict (for example, if you 
and your spouse divorce and your spouse claims part of your CPP I doubt 
you'd have sufficient information to predict how the payment would change).

Yes, I'm Canadian, and I run a business and have had to deal with all of 
the above plus the employer contribution part of it.

Cheers

Cam