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Retirement

Learn about Canadian retirement plans including the RRSP, CPP, OAS, TFSA, workplace pensions, and more.

Latest in Retirement

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Best LIRA Accounts in Canada for 2023

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by Enoch Omololu, MSc (Econ)

When you leave an employer that offers a pension plan, your pension funds are transferred to a Locked-in Retirement Account (LIRA), where they stay invested until you retire. A LIRA …

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30 Best Seniors Discounts in British Columbia in 2023

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by Enoch Omololu, MSc (Econ)

Seniors in British Columbia are eligible for a wide range of discounts on everything from groceries to transportation to entertainment. Many different establishments offer these discounts to show appreciation for …

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35 Best Seniors Discounts in Ontario in 2023

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by Enoch Omololu, MSc (Econ)

Using the senior discounts available in Ontario is a great starting point to reduce everyday expenses. Many establishments will give you up to 25% OFF if you’re 55 and older. …

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Does OAS Start at 65 or 67?

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by Enoch Omololu, MSc (Econ)

The Old Age Security (OAS) pension starts at 65. While there were plans by Harper’s Conservative government to increase the eligibility age from 65 to 67 starting in 2023, this …

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The Pros and Cons of a TFSA: A 2023 Guide

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by Enoch Omololu, MSc (Econ)

The TFSA, or Tax-Free Savings Account, is a Canadian investment account introduced in 2009. As its name suggests, any dividends, capital gains, or interest earned are tax-free. Originally, the TFSA …

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The Pros and Cons of RRSPs: A 2023 Guide

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by Baggio Ma

The RRSP, or Registered Retirement Savings Plan, has been a staple in the Canadian financial industry since it was introduced in 1957. Even with the introduction of the TFSA in …