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CPPD/SISIP

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Re: CPPD/SISIP

Post by Rifleman on Thu 12 May 2016, 20:38

Got to stick around until they bring the pension back and then and only then I will place myself in the fire trench don't want to see the fire trench anytime soon so GOC get of the shitter and make it happen you....... Morons cheers firebird

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Re: CPPD/SISIP

Post by 1993firebird on Thu 12 May 2016, 19:50

I read the qualifications , you almost have to be dead to get it. No offence Rifleman , lol.

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Re: CPPD/SISIP

Post by Rifleman on Thu 12 May 2016, 19:27

Hey thanks TROOPER I have DTC along with PTSD std cd unp pkm lol time for a?

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Re: CPPD/SISIP

Post by Guest on Thu 12 May 2016, 19:12

Good stuff Firebird , congrats !

If both yourself and Rifleman have not applied for the DTC this might be something for both of you to consider.

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Re: CPPD/SISIP

Post by 1993firebird on Thu 12 May 2016, 17:43

I requested 30% be taken off my CPPD for income tax , on going forward payments. Nothing off the back pay as most of it will pay CF pension back and SISIP back so I can deduct it all on line 232 as repayments.

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Re: CPPD/SISIP

Post by johnny211 on Thu 12 May 2016, 17:31

Congrats firebird. As one with CPPD, you should call there 1800 #, and get them to take off 15%, as they do not take tax off it. Don't spend any of the backpay, because between what you will owe the CF indexing portion back and backpay to ltd, you may not have much left. But after the dust is settled you are still ahead with it. Just a little advise I got from here, when I got mine, VVV...
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Re: CPPD/SISIP

Post by 1993firebird on Thu 12 May 2016, 17:07

Contacted Canadian Forces Pension office and informed them now I will contact SISIP to inform them.

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Re: CPPD/SISIP

Post by 1993firebird on Thu 12 May 2016, 17:05

Re: CPPD/SISIP
Post by 1993firebird on Fri 25 Sep 2015, 19:18

CPPD requires that you be almost dead compared to SISP and VAC.

Well I must be almost dead because today I received a letter of approval for CPPD going forward and back pay.

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Re: CPPD/SISIP

Post by 1993firebird on Tue 10 May 2016, 13:43

Will find out in a month if I am approved CPPD or not.

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Re: CPPD/SISIP

Post by 1993firebird on Wed 09 Dec 2015, 16:27

I received my CPPD application kit in the mail today from CRA. Going to fill it out as per SISIP policy and I hope that I am denied so that SISIP does not get off with paying me less. I do not want CPPD and do not need CPPD just want SISIP to pay all they have to for clawing me back thus resulting in a zero sum and therefore I did not provide any medical documentation which terminated me at the 2 year point. I am taking care of my own financial support after 65.

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Re: CPPD/SISIP

Post by Guest on Tue 08 Dec 2015, 14:26

LTD can deduct 1900 for your CF pension NOT the original 2600 .

propat

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Re: CPPD/SISIP

Post by Slaket on Tue 08 Dec 2015, 12:32

Guess I'm gonna have to wait and see because my math say different.

Now

CF pension. (Aft tax) 2600
LTD (aft tax)  1100
Equals 3700

New
CF pension. 2600 -(clawback)700. =1900
CPPD 1000 - (tax)200.= 800
LTD would have to be 1000 aft tax to equal
3700

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Re: CPPD/SISIP

Post by Teentitan on Tue 08 Dec 2015, 12:15

No not really your CPPD covers the deduction of pension and LTD.
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Re: CPPD/SISIP

Post by Slaket on Tue 08 Dec 2015, 11:59

Then question 3 tells me I'm out 700?

If my LTD is reduced by the amount of my CPPD those two cancel out
And I have the 700 clawback on my cf pension..but no compensation
??
Then I'm down the 700?

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Re: CPPD/SISIP

Post by Teentitan on Tue 08 Dec 2015, 11:21

Question 1. Yes CF pension goes down. One big bill with the option to pay it off monthly (there is a fee which depends on how much) or you can pay a chunk of it or all of it. Your choice. Hard to say how much the amount will be.

Question 2. Yes CPPD is deducted. They will calculate the money owed and let you know. I believe you have the choice of repayment. Also you will get a T4A that you can use on the other deduction portion of your taxes what you pay SISIP back and CF Pension.

Question 3. LTD does not make it up.

Question 4. The DTC is a completely different beast and in my opinion is the hardes to get. CRA has really locked it down.

One very important thing to remember is you set the amount of tax taken off your CPPD. So if you decide to keep it all expect to pay taxes at the end of the year. Or use the rule of thumb of 5 - 15%. You can always adjust it down the road.
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