I’ve been on LTD/CPPD since 2010. Recently I found out about the CPP child rearing provision. I raised my child alone and didn’t work for a couple of years or worked part time when she was young. I think I could receive a fairly substantial retroactive payment.
I haven’t applied for the provision yet, as I’m concerned about what might happen with the LTD insurance. I don’t want the CPP extra amount to be clawed back by the insurance company and/or my future LTD insurance payments reduced. I’m planning my retirement now and only have 7 years of LTD payments left. I’m willing to wait to apply for the child rearing benefit to avoid a clawback.
Would the child rearing provision money have to be clawed back? Does CPP notify the insurance company if there’s a change in my benefits? I know that when I receive a yearly increase in my CPPD it doesn’t affect my LTD amount.