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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 …
by Enoch Omololu, MSc (Econ)
No matter your age, planning for retirement is essential if you want your golden years to be as rewarding as possible. But what is the best age to retire in …
by Enoch Omololu, MSc (Econ)
The Ontario Guaranteed Annual Income System (GAINS) is a monthly benefit that the government of Ontario pays to seniors who qualify. The program is designed to assist low-income seniors by …
by Enoch Omololu, MSc (Econ)
Retirement is a long-awaited period for many people. You have no more daily commutes, noisy alarms, or rushed deadlines. With so much time, you can explore dozens of fun things …
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 …
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. …
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 …
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 …
by Enoch Omololu, MSc (Econ)
One question I have gotten from readers is whether you can qualify for Canada Pension Plan (CPP) benefits if you have never worked in Canada. In general, the answer is …
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 …
Personal Finance for Canadians
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