Americans collecting Canadian CPP pension?

[nepal]

I hope it's not possible for non-Canadians, to simply sign-up for, contribute, and then collect from CPP. But this site suggests it's being done by some Americans. If there is any truth in this, it should be shut-down, so not to drain our CPP.
.
http://research.agorafinancial.com/research/html/lir_canadiansocialsecurity_0515/?code=LLIRR980&ver=3&n=LIR_candsoc_wTIA_0515

Please tell me this is just a scam and not being done for real !

[Bsuds]

You didn't really read that did you.It is saying the money does "NOT" come from the Cdn Gov't but by piggybacking the system. In other words investing your money in the same way CPP is investing. They are trying to get you to invest your money!

They are not collecting CPP!

In other words it is a get rich scheme and rings all sorts of warning bells with me. (can you say Bernie Madoff?)

[Poindexter]

Even better - as I discovered during my investigation – the money available through piggybacking DOESN’T come from the Canadian Government… or any other government bureaucracy. Instead, the money available for you comes directly from the private sector… through a portfolio of REAL, INCOME-PRODUCING ASSETS.

Right you are bsuds.

If the numbers are correct though I wish the Canadian government would come out with a CPP dividend mutual fund for investors. With the money fund managers make these days it would be nice if that went back into the system instead of some over seas tax haven.

[WeatherWoman]

My mom is an amercian and has lived and worked in Canada since 1972 and has paid into CPP. I would think she would have the right to collect what she has paid into it.

[Glacier]

My mom is an amercian and has lived and worked in Canada since 1972 and has paid into CPP. I would think she would have the right to collect what she has paid into it.

My mom is American has has been here since 1969, and she too has the right to collect.

[gman313]

Every Mexican worker that comes to Canada under SAWP is also eligible to contribute and collect

[Even Steven]

The website in question is a poorly made advertising and designed to sell some sort of a product. It's not a source of reliable information in any way.

[Silverstarqueen]

I know an American who has lived and worked in Canada since the early seventies. Since he paid into CPP all that time, I think he should definitely be able to collect. Why not?

[Glacier]

I know Americans that retired and moved to Canada. They also get CPP. Same goes for all immigrants.

[SmokeOnTheWater]

Read the link.
This has nothing to do with Americans, Mexicans or anyone working in Canada and collecting CPP.
What they are saying is invest your money the same way CPP does and you will have the same results as they have been doing so well over the years.
Side note.
You have to contribute to CPP during your lifetime if you want to collect CPP in retirement.
My mother who has never worked outside the home does not collect CPP.

In other words, Canada finally found a way for a social welfare program to work… using private industry and the free market.
For example, the plan’s management team operates under an “investment-only mandate… unencumbered by political agendas and insulated from political interference in investment decision-making” (taken directly from its official webpage).
In other words, it’s not hindered by the government in any way shape or form. It has no interest in “winning votes” or “making friends.”
Their only goal is to make lots of money for the Canada Pension Plan... and to help provide a foundation on which Canadians can build financial security in retirement.
And they've done just that by investing in REAL ASSETS from all over the world. They're buying things like public equities, private equities, commercial real estate, infrastructure, agriculture, gold and silver mines… you name it.
As The New York Times declared in a 2014 article, they've been on “a shopping spree of global corporate buyouts, infrastructure and real estate.”
As a result, many of the world’s top assets and businesses are now either fully or partly owned by the Canadians…

In short, it’s all about growing your money through a portfolio of REAL, INCOME-PRODUCING ASSETS… the very same way that the financial geniuses at the Canada Pension Plan figured out. And that’s what I mean by “piggybacking Canadian Social Security.” You follow the Canada Pension Plan’s lead by investing in the same type of assets in your own private account.

[Silverstarqueen]

Isn't that what everyone does anyway? if they wish to invest they do. if they don't, they don't.