What is the CPP enhancement?
Contributions to the Canada Pension Plan have gone up in 2024. Here’s why, and how much more you’ll pay...
Retirement
Inflation a scourge for retirees? Ottawa’s silver lining(s)
Inflation and taxes—both can affect retirement income. Thankfully CPP, OAS and GIS have inflation indexing. Here’s how it may...
The best way to save for retirement in your 20s
Financial experts often tell young people to start investing early to benefit from compound growth. But what if you...
Should seniors cancel their life insurance policies?
At what point do we no longer need life insurance? You will find the answer by going back to...
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What’s the average monthly retirement income in Canada?
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Should retirees pay off their mortgages with investments?
A bank advisor tells a just-retired Canadian that using investments to pay off a mortgage is not a good...
Infinite banking in Canada: Should you borrow from your life insurance policy?
The “Infinite Banking Concept” is gaining popularity with Canadian retirees—but it’s not right for everyone. Here’s how this leverage...
RRIF withdrawals: What should seniors with million-dollar portfolios do?
Seniors with large retirement accounts face a big tax-deferred liability. Which tax and estate planning strategies might help?
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OAS entitlement and deferral rules for immigrants to Canada
A person who moves to Canada in middle age won’t be entitled to the maximum Old Age Security pension....