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RRSP

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RRSP Empty Re: RRSP

Post by Guest Sat 14 Sep 2013, 21:53

I'm getting really ticked off with hearing that word, CLAWBACK...if they use it again, I'm digging old Freddy Kruger up and he'll give a good CLAWBACK.

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RRSP Empty Re: RRSP

Post by Nemo Sat 14 Sep 2013, 21:42

https://www.cfmws.com/en/aboutus/sisipfs/insurance/pages/long-term-disability.aspx

Here it says, * Other relevant sources of income include:

The Canadian Forces Superannuating Act (CFSA) benefits;
The primary benefits under the Canada Pension Plan (CPP) or the Quebec Pension Plan (QPP); and
Any employment income.

So you can see that RRSP income is NOT clawed back. If they did it to RRSP, then they would have to claw back capital gains as well.
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Number of posts : 464
Location : canada
Registration date : 2010-08-13

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Post by Guest Sat 14 Sep 2013, 21:35

YES taxes Mad Mad Mad Mad Mad 

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Post by Guest Sat 14 Sep 2013, 21:34

Well thank you zs i thought it was so,, someone on the sisip F/B site said they were clawed back, so I did check my paperwork and nothing was entered for the rrsp..You can not belive half of the stuff said on that site..Smile Smile 

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Post by Guest Sat 14 Sep 2013, 21:26

I wouldn't think so Judy...that might be like SISIP reducing your monthly amount if you withdrew money from the bank...I do know that you'll be dinged for taxes again though...and that always sucks.

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RRSP Empty RRSP

Post by Guest Sat 14 Sep 2013, 21:20

Does any one know the true facts about cashing in a rrsp ?? Is it clawed back from sisip ??I would say no because that money was money taken out of ones pension at one time..If it is clawed back wouldnt the interest of the cheque from MC be clawed back also ?? Just askin...
affraid affraid 

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