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How to Apply for Canada Pension Plan (CPP)



The Canada Pension Plan (CCP) was established in the 1924 to provide retirement, disability, and survivor benefits.1 Eligible Canadians must apply for the CCP in order to begin receiving benefits, which involves a few steps.

Let’s take a look at the plan’s benefits, who is eligible, and how to apply.

Plan Benefits

The CPP provides monthly benefits to contributors and their beneficiaries upon the contributor’s retirement, disability, or death. Benefits can include pension sharing, disability benefits, and credit splitting for divorced or separated couples.4 5 3


Working Canadians over the age of 18 are required to contribute a portion of their monthly incomes to the CPP.6 Almost everyone who works in Canada and contributes to the CCP is eligible to apply.

Applicants must have made at least one valid contribution to the CPP to qualify for benefits.7 The standard age to start getting CPP retirement benefits is 65, but applicants may receive decreased benefits as early as age 60. Alternatively, increased benefits are awarded if the contributor delays applying until age 70 or later.3

How to Apply

Before applying, you need to have your Social Insurance Number (SIN) and banking information close at hand. If you wish to take advantage of pension sharing, you must have your spouse or common-law partner’s SIN as well.2

You must also provide your children’s SINs and proofs of birth if you are planning to request the child-rearing provision on your application.2

Don’t apply until you’re ready to begin receiving benefits soon. The maximum time you can apply before the pension starts is 12 months.

To apply for the Canada Pension Plan, you can complete the application online, unless you fall into one of the categories that require you to fill out a paper application and either mail it in or bring it to the Service Canada office closest to you, with various other documents, as specified by the application information.2

If you do fill it out online you need to have or create a My Service Canada Account (MSCA). After you submit your application, notice of assessment will be received in the mail between 7 and 14 days.


Why Global Investors Need Sustainable Investing Standards – Forbes



The motto of sustainable investing is that you can do well while doing good. It has been shown that the doing well part is questionable since sustainable investing does not generate superior returns. The question remains: does sustainable investing really do good?

Unfortunately, confusion over what defines sustainable investing makes it difficult to measure whether an investment actually has a sustainable impact. This causes retail and institutional investors alike to engage in their own research in an attempt to figure out just how sustainable their investments really are.

Sustainable investing continues to attract large amounts of capital as investors want to contribute to positive change, such as reversing climate change, promoting social justice, and advocating for better governance. According to Bloomberg, assets under management (AUM) that are invested globally in sustainability funds and portfolios could reach $53 trillion by 2025, accounting for more than one-third of projected total AUM of $140.5 trillion.

Currently, Europe accounts for about half of global sustainable assets. European demand for sustainable investing has prompted 253 European funds to change their investment strategy or portfolio in 2020. In addition, Europe saw 505 new sustainable fund launches in 2020 alone.

More growth is being projected in Asia, especially Japan, where McKinsey has linked sustainability to a 400-year-old cultural ethos of shuchu kiyaku, to think of societal benefits, not just profits.

As noted in my previous article, the U.S. is also seeing strong growth in sustainable investing, which accounted for more than 25 percent of all money invested in U.S. stock and bond mutual funds in 2020.

The Greenwashing Effect

Given such strong investor demand for sustainable investing worldwide, the stakes are high to counter the ongoing concerns over greenwashing, in which companies overstate and exaggerate their positive impact on sustainability. It’s more than a problem of perception. One group of researchers define greenwashing “as a combination of misbehavior and misleading communication”—including intentionally fabricating false information.

It has become increasingly difficult for investors to see through greenwashing when companies present themselves as more sustainable or environmentally friendly than they really are. In one recent survey by Quilter Investors, greenwashing topped the list of concerns among 44 percent of investors surveyed. In another survey,  six out of ten investors find greenwashing to be a challenge for sustainable investing, especially as sustainable investing goes increasingly mainstream for investors and fund managers.

European Sustainable Investing Standards

Europe is well ahead of the U.S. in setting sustainable investing standards with the initial implementation of their Sustainable Finance Disclosure Regulation (SFDR). The SFDR went into effect in March 2021 and sets the rules for sustainability-related information that the financial industry within the EU must disclose.

The objective is to prevent investment firms from greenwashing sustainability claims to make their investment funds seem more attractive. There are two aspects to sustainable investing, called double materiality, that the SFDR tries to uniformly measure. The first issue is whether a company or an investment actually has a sustainable impact on the environment or society.  The second is whether a company’s sustainable impact materially influences its investment performance? Also under the SFDR, investment managers will need to begin providing details into how they account for environment, social and governance (ESG) and other factors as part of their selection process for individual investments in their portfolios. As a result, it’s hoped that investors will gain more clarity.

The SFDR has received some criticism for potentially adding to the confusion of how funds are classified; however, proponents have hailed it as providing much-needed transparency. In a recent Wall Street Journal article, Wolfgang Kuhn, director of financial sector strategies at ShareAction, a nonprofit that promotes sustainable investing, said, “We want fund managers to nail their colors to the mast and say: ‘This is sustainability for us.’ Then as the client you can hopefully better decide whether that works for you or not.”

How Sustainable Is It?

As sustainable investing explodes in popularity worldwide, developing and adopting standards is a global imperative. The industry needs a comprehensive framework to provide a true apples-to-apples comparison that will allow investors to weigh one investment against another. Otherwise, investors will be left to wonder and guess just how sustainable any investment really is. SFDR is an opportunity to provide better measurement for how well companies and funds perform along sustainable investing criteria and needs to be expanded into the U.S. and beyond.

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Canada sets plan to merge investment regulators into one agency – BNN



Canada’s securities regulators plan to merge two industry groups that oversee financial advisers into a single organization, a move intended to address years of complaints about the overlapping roles and higher costs of the groups.

Provincial regulators published Tuesday a framework for how to combine the Investment Industry Regulatory Organization of Canada, which regulates investment advisory firms that sell a broad range of securities, with the Mutual Fund Dealers Association of Canada, which oversees firms that sell funds.

They also plan to merge two existing investor protection funds into a new one that’s independent of the expanded regulatory body.

Among other things, IIROC and MFDA levy fines and other penalties on individual financial advisers who break the rules.

IIROC oversees about 175 firms, including full-service investment dealers including BMO Nesbitt Burns Inc. and RBC Dominion Securities Inc., while the MFDA supervises about 90 mutual fund dealers, such as CIBC Securities Inc. and National Bank Investments Inc. Some financial firms are forced to be members of both agencies because their employees hold different licenses for selling investment products.

Combining the staffs of the two bodies “will be critical during the creation of the new self-regulatory organization and investor protection fund, and will be crucial to their future success,” Louis Morisset, the chair and president of Canadian Securities Administrators, said in a statement. The CSA is an umbrella group of Canada’s provincial securities watchdogs.

In late 2019, the CSA began studying the existing framework. It created a working committee to determine the structure of the new organization and oversee the integration of the two groups. The review prompted both the MFDA and IIROC to publish their own proposals.

The combination is aimed at saving costs for investment dealers while aligning and streamlining their processes, the CSA said. A majority of the new organization’s board members and its chairperson will be independent, and the group will be required to solicit CSA comment on its priorities, business plan and budget, according to a statement.

The CSA will also consider the possibility of incorporating additional registration categories into the newly minted entity.

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UPDATED FACT SHEET: Bipartisan Infrastructure and Investment Jobs Act –



On July 28, the President and the bipartisan group announced agreement on the details of a once-in-a-generation investment in our infrastructure, which was immediately taken up in the Senate for consideration. The legislation includes around $550 billion in new federal investment in America’s roads and bridges, water infrastructure, resilience, internet, and more. The bipartisan Infrastructure Investment and Jobs Act will grow the economy, enhance our competitiveness, create good jobs, and make our economy more sustainable, resilient, and just.

The legislation will create good-paying, union jobs. With the President’s Build Back Better Agenda, these investments will add, on average, around 2 million jobs per year over the course of the decade, while accelerating America’s path to full employment and increasing labor force participation.

President Biden believes that we must invest in our country and in our people by creating good-paying union jobs, tackling the climate crisis, and growing the economy sustainably and equitably for decades to come. The bipartisan legislation will deliver progress towards those objectives for working families across the country. The bipartisan Infrastructure Investment and Jobs Act:

  • Makes the largest federal investment in public transit ever
  • Makes the largest federal investment in passenger rail since the creation of Amtrak
  • Makes the single largest dedicated bridge investment since the construction of the interstate highway system
  • Makes the largest investment in clean drinking water and waste water infrastructure in American history, delivering clean water to millions of families
  • Ensures every American has access to reliable high-speed internet
  • Helps us tackle the climate crisis by making the largest investment in clean energy transmission and EV infrastructure in history; electrifying thousands of school and transit buses across the country; and creating a new Grid Deployment Authority to build a resilient, clean, 21st century electric grid

The President promised to work across the aisle to deliver results for working families. He believes demonstrating that democracies can deliver is a critical challenge for his presidency. Today’s agreement shows that we can come together to position American workers, farmers, and businesses to compete and win in the 21st century.

Roads, Bridges, and Major Projects

One in five miles, or 173,000 total miles, of our highways and major roads and 45,000 bridges are in poor condition. Bridges in poor condition pose heightened challenges in rural communities, which often may rely on a single bridge for the passage of emergency service vehicles. The bipartisan Infrastructure Investment and Jobs Act will invest $110 billion of new funds for roads, bridges, and major projects, and reauthorize the surface transportation program for the next five years building on bipartisan surface transportation reauthorization bills passed out of committee earlier this year. This investment will repair and rebuild our roads and bridges with a focus on climate change mitigation, resilience, equity, and safety for all users, including cyclists and pedestrians. The bill includes a total of $40 billion of new funding for bridge repair, replacement, and rehabilitation, which is the single largest dedicated bridge investment since the construction of the interstate highway system. The bill also includes around $16 billion for major projects that are too large or complex for traditional funding programs but will deliver significant economic benefits to communities.


America has one of the highest road fatality rates in the industrialized world. The legislation invests $11 billion in transportation safety programs, including a new, $5 billion Safe Streets for All program to help states and localities reduce crashes and fatalities in their communities, especially for cyclists and pedestrians. It includes a new program to provide grants to community owned utilities to replace leaky and obsolete cast iron and bare steel natural gas pipelines, some of which are over 100 years old. It will more than double funding directed to programs that improve the safety of people and vehicles in our transportation system, including highway safety, truck safety, and pipeline and hazardous materials safety.

Public Transit

America’s transit infrastructure is inadequate – with a multibillion-dollar repair backlog, representing more than 24,000 buses, 5,000 rail cars, 200 stations, and thousands of miles of track, signals, and power systems in need of replacement. The legislation includes $39 billion of new investment to modernize transit, and improve accessibility for the elderly and people with disabilities. That is in addition to continuing the existing transit programs for five years as part of surface transportation reauthorization. In total, the new investments and reauthorization provide $89.9 billion in guaranteed funding for public transit over the next five years. This is the largest Federal investment in public transit in history, and devotes a larger share of funds from surface transportation reauthorization to transit in the history of the programs. It will repair and upgrade aging infrastructure, modernize bus and rail fleets, make stations accessible to all users through a new program with $1.75 billion in dedicated funding, and bring transit service to new communities with an additional $8 billion for Capital Investment Grants. It will replace thousands of transit vehicles, including buses, with clean, zero emission vehicles through an additional $5.75 billion, of which 5 percent is dedicated to training the transit workforce to maintain and operate these vehicles. And, it will benefit communities of color since these households are twice as likely to take public transportation and many of these communities lack sufficient public transit options.

Passenger and Freight Rail

Unlike highways and transit, rail lacks a multi-year funding stream to address deferred maintenance, enhance existing corridors, and build new lines in high-potential locations. The legislation positions Amtrak and rail to play a central role in our transportation and economic future. This is the largest investment in passenger rail since the creation of Amtrak 50 years ago. The legislation invests $66 billion in rail to eliminate the Amtrak maintenance backlog, modernize the Northeast Corridor, and bring world-class rail service to areas outside the northeast and mid-Atlantic. Within these totals, $22 billion would be provided as grants to Amtrak, $24 billion as federal-state partnership grants for Northeast Corridor modernization, $12 billion for partnership grants for intercity rail service, including high-speed rail, $5 billion for rail improvement and safety grants, and $3 billion for grade crossing safety improvements.

EV Infrastructure

U.S. market share of plug-in electric vehicle (EV) sales is only one-third the size of the Chinese EV market. The President believes that must change. The bill invests $7.5 billion to build out the first-ever national network of EV chargers in the United States and is a critical element in the Biden-Harris Administration’s plan to accelerate the adoption of EVs to address the climate crisis and support domestic manufacturing jobs. The bill will provide funding for deployment of EV chargers along highway corridors to facilitate long-distance travel and within communities to provide convenient charging where people live, work, and shop. Federal funding will have a particular focus on rural, disadvantaged, and hard-to-reach communities.

Electric Buses

American school buses play a critical role in expanding access to education, but they are also a significant source of pollution. The legislation will deliver thousands of electric school buses nationwide, including in rural communities, helping school districts across the country buy clean, American-made, zero emission buses, and replace the yellow school bus fleet for America’s children. The legislation also invests $5 billion in zero emission and clean buses and $2.5 billion for ferries. These investments will drive demand for American-made batteries and vehicles, creating jobs and supporting domestic manufacturing, while also removing diesel buses from some of our most vulnerable communities. In addition, they will help the more than 25 million children and thousands of bus drivers who breathe polluted air on their rides to and from school. Diesel air pollution is linked to asthma and other health problems that hurt our communities and cause students to miss school, particularly in communities of color and Tribal communities.

Reconnecting Communities

Too often, past transportation investments divided communities – like the Claiborne Expressway in New Orleans or I-81 in Syracuse – or it left out the people most in need of affordable transportation options. In particular, significant portions of the interstate highway system were built through Black neighborhoods. The legislation creates a first-ever program to reconnect communities divided by transportation infrastructure. The program will fund planning, design, demolition, and reconstruction of street grids, parks, or other infrastructure through $1 billion of dedicated funding in addition to historic levels of major projects funding, for which these investments could also qualify.

Airports, Ports, and Waterways

The United States built modern aviation, but our airports lag far behind our competitors. According to some rankings, no U.S. airports rank in the top 25 of airports worldwide. Our ports and waterways need repair and reimagination too. The bill invests $17 billion in port infrastructure and $25 billion in airports to address repair and maintenance backlogs, reduce congestion and emissions near ports and airports, and drive electrification and other low-carbon technologies. Modern, resilient, and sustainable port, airport, and freight infrastructure will support U.S. competitiveness by removing bottlenecks and expediting commerce and reduce the environmental impact on neighboring communities.

Resilience and Western Water Infrastructure

Millions of Americans feel the effects of climate change each year when their roads wash out, airport power goes down, or schools get flooded. Last year alone, the United States faced 22 extreme weather and climate-related disaster events with losses exceeding $1 billion each – a cumulative price tag of nearly $100 billion. People of color are more likely to live in areas most vulnerable to flooding and other climate change-related weather events. The legislation makes our communities safer and our infrastructure more resilient to the impacts of climate change and cyber-attacks, with an investment of over $50 billion. This includes funds to protect against droughts, floods and wildfires, in addition to a major investment in weatherization. The bill is the largest investment in the resilience of physical and natural systems in American history.

Clean Drinking Water

Currently, up to 10 million American households and 400,000 schools and child care centers lack safe drinking water. The legislation’s $55 billion investment represents the largest investment in clean drinking water in American history, including dedicated funding to replace lead service lines and the dangerous chemical PFAS (per- and polyfluoroalkyl). It will replace all of the nation’s lead pipes and service lines. From rural towns to struggling cities, the legislation invests in water infrastructure across America, including in Tribal Nations and disadvantaged communities that need it most.

High-Speed Internet

Broadband internet is necessary for Americans to do their jobs, to participate equally in school learning, health care, and to stay connected. Yet, by one definition, more than 30 million Americans live in areas where there is no broadband infrastructure that provides minimally acceptable speeds – a particular problem in rural communities throughout the country. The legislation’s $65 billion investment – which builds on the billions of dollars provided for broadband deployment in the American Rescue Plan – will help ensure every American has access to reliable high-speed internet with an historic investment in broadband infrastructure deployment, just as the federal government made a historic effort to provide electricity to every American nearly one hundred years ago.

The bill will also help lower prices for internet service by requiring funding recipients to offer a low-cost affordable plan, by requiring providers to display a “Broadband Nutrition Label” that will help families comparison shop for a better legislation, and by boosting competition in areas where existing providers aren’t providing adequate service. It will also help close the digital divide by passing the Digital Equity Act (which creates new grant programs for digital inclusion), by requiring the Federal Communications Commission to adopt rules banning digital redlining, and by creating a new, permanent program to help more low-income households access the internet. Over one in four households will be eligible for this new Affordable Connectivity Benefit.

Environmental Remediation

In thousands of rural and urban communities around the country, hundreds of thousands of former industrial and energy sites are now idle – sources of blight and pollution. 26% of Black Americans and 29% of Hispanic Americans live within 3 miles of a Superfund site, a higher percentage than for Americans overall. Proximity to a Superfund site can lead to elevated levels of lead in children’s blood. The legislation invests $21 billion in environmental remediation, making the largest investment in addressing the legacy pollution that harms the public health of communities and neighborhoods in American history, creating good-paying union jobs in hard-hit energy communities and advancing economic and environmental justice. The bill includes funds to clean up Superfund and brownfield sites, reclaim abandoned mine land and cap orphaned gas wells.

Power Infrastructure

As the recent Texas power outages demonstrated, our aging electric grid needs urgent modernization. A Department of Energy study found that power outages cost the U.S. economy up to $70 billion annually. The legislation’s roughly $65 billion investment includes the single largest investment in clean energy transmission in American history. It upgrades our power infrastructure, including by building thousands of miles of new, resilient transmission lines to facilitate the expansion of renewable energy. It creates a new Grid Deployment Authority, invests in research and development for advanced transmission and electricity distribution technologies, and promotes smart grid technologies that deliver flexibility and resilience. It invests in demonstration projects and research hubs for next generation technologies like advanced nuclear, carbon capture, and clean hydrogen.


In the years ahead, the legislation will generate significant economic benefits. It is financed through a combination of redirecting unspent emergency relief funds, targeted corporate user fees, strengthening tax enforcement when it comes to crypto currencies, and other bipartisan measures, in addition to the revenue generated from higher economic growth as a result of the investments.


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