RRIF or Annuity: Which Is Best For You?
This is a sponsored post by Sun Life Financial. All views and opinions expressed represent my own. The registered retirement income fund (RRIF) and annuity are two of the most popular...
Read More
Retirement Planning
Financial Steps To Take At Age 65 And 71 in Canada
When you are turning 65 or getting to the ripe golden age of 71, there are several financial steps you should be taking to put your retirement finances in order. Age 65 is the standard age often...
Read More
Guaranteed Income Supplement, Allowance and Allowance for the Survivor
Updated for 2019! The Guaranteed Income Supplement (GIS), Allowance, and Allowance for the survivor are additional income-tested benefits available to low-income seniors through Old Age...
Read More
Retirement Benefits: Understanding the Old Age Security (OAS) Pension
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
How To Use Your RRSP To Purchase A Home
The Home Buyers’ Plan allows first-time homeowners to withdraw money from their Registered Retirement Savings Plan (RRSP) and put it towards their home purchase. As an individual, you can...
Read More
New CPP Changes Are Here
Updated in 2019 New and interesting changes to the CPP were unveiled this week at the meeting of finance ministers, and will go into effect in 2019. These changes are in addition to the ones...
Read More
RRSP Deduction limit, Carry Forward and Over-Contribution Rules
Putting money away in an RRSP is the popular Canadian way to save for retirement. And, when you think about it, why not? The government offers a tax-sheltered account to grow your funds during your...
Read More
How To Generate Retirement Income From Your LIRA
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
10 Financial Steps To Take Before You Retire (Pre-Retirement Checklist)
Planning and organizing your retirement is one of the most rewarding tasks you can do for yourself. Starting early and not waiting until your last day on the job, ensuring you have the required...
Read More
An Overview of Provincial Government Benefits for Seniors
Previously, I wrote about federal government retirement benefits available to seniors in Canada. In this follow-up article, I summarize the provincial retirement benefits (income) that seniors have...
Read More
Freebies and Deals
