Retirement

Canadian seniors can access various benefits, including the Old Age Security (OAS), Canada Pension Plan (CPP), and Guaranteed Income Supplement (GIC). The standard age to qualify for these senior benefits …

Canada Pension Plan (CPP) and Old Age Security (OAS) benefits are adjusted yearly to reflect changes in the cost of living or inflation. Also referred to as the Consumer Price …

The registered retirement savings plan (RRSP) contribution limit for 2023 is $30,780, up from the $29,210 amount in 2022. If you have carried forward an RRSP contribution room from 2022, …

If you find yourself worrying about retirement with minimal savings and no access to a gold-plated pension, you are not alone. Less than 52% of Canadians said they were confident …

If you are wondering whether you can have multiple TFSA accounts, the answer is ‘Yes.’ Canadians can open several Tax-Free Savings Accounts (TFSA) simultaneously and remain in good standing with …

Should you take CPP early at age 60, wait until the standard retirement age of 65, or even delay until 70? Deciding when to take the Canadian Pension Plan (CPP) …

A popular question from soon-to-be retirees is, “How many years do I have to work to get the maximum CPP?” The Canada Pension Plan (CPP) makes up a good portion …

The normal age to retire and start receiving a pension in Canada is 65. This is when your Old Age Security (OAS) kicks in and when you get an ‘unreduced’ …

When can you withdraw from your RRSP? The fact is that you can make withdrawals from your RRSP before 65. Other than at age 71, when you are required to …

Registered Retirement Savings Plans (RRSPs) are one of the main investment accounts Canadians use to save for retirement. While an RRSP grows tax-free during your accumulation years, taxes become due …