What happens to your pension benefits if you decide to relocate or retire outside of Canada? The reality is that an increasing number of Canadians are choosing warmer climes and destinations with a...
Read More
What benefits are available to senior immigrants in Canada? Do immigrants get the old age security? Do they qualify for the Canada Pension Plan (CPP)? These are a few of the questions I get from...
Read More
The Old Age Security (OAS) pension is one of the three main pillars of Canada’s retirement income system. The two other pillars are the Canada Pension Plan (CPP) and Employment Pension...
Read More
The Guaranteed Income Supplement (GIS), Allowance, and Allowance for the survivor are additional income-tested benefits available to low-income seniors through the Old Age Security (OAS)...
Read More
Seniors in Alberta have access to several financial assistance programs including the: Alberta Seniors BenefitSpecial Needs Assistance for SeniorsDental and Optical Assistance for SeniorsCoverage...
Read More
We are lucky as Canadians to have access to a variety of tax-sheltered accounts (including RRSP and TFSA) that we can use to grow our retirement pots and/or save in general. Deciding between a TFSA...
Read More
A locked-in retirement account (LIRA) is designed to hold pension funds that you have accumulated in a company pension (defined benefit or defined contribution) when you no longer work for the...
Read More
The CPP disability benefit is a monthly benefit available to eligible CPP contributors who are unable to work at any job on a regular basis because of a severe and prolonged disability. At age 65, a...
Read More
The Canada Pension Plan (CPP) is a monthly benefit paid to retirees who have contributed to the plan during their working years. CPP payments were initially designed to replace about 25% of your...
Read More
Canadians can transfer their RRSP or TFSA accounts from one financial institution to another without penalty or tax consequences. Of course…so long as you do it the right way. Your reason for...
Read More
Sign up now to join thousands of other visitors who receive our latest personal finance tips once a week. You will also receive our FREE e-Book!