CPP Payment Dates Aug 2022: How Much CPP Will You Get?
by Enoch Omololu, MSc (Econ)
The Canada Pension Plan (CPP) is one of the three main sources of retirement income for seniors in Canada. CPP payments are made on a monthly basis and are paid …
Can I Transfer My RRSP To My Spouse?
by Enoch Omololu, MSc (Econ)
I get questions from readers regarding spousal RRSPs, whether you can transfer your RRPS to a spouse, and what happens to RRSP assets following a divorce or death. While there …
15 Best Places to Retire in Canada in 2022
by Enoch Omololu, MSc (Econ)
When it comes to the best place in Canada to retire, there are a few things to consider. Firstly, you want to consider your budget and what matters most to …
A Guide To Retirement Planning in Canada in 2022
by Enoch Omololu, MSc (Econ)
Retirement planning is not something you do overnight. It takes a lot more effort and time and requires you to answer all-important questions including how much money you need to …
Can I Transfer RRSP Funds To A TFSA Without Penalty?
by Enoch Omololu, MSc (Econ)
I often get asked by readers whether they can transfer their RRSP to a TFSA without incurring penalties. While the funds in your RRSP and TFSA can be withdrawn at …
What is a Locked-in Retirement Account (LIRA) in Canada?
by Enoch Omololu, MSc (Econ)
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 …
Are the CPP Disability and Death Benefits Taxable?
by Enoch Omololu, MSc (Econ)
The Canada Pension Plan (CPP) or Quebec Pension Plan as it is referred to in Quebec, is a mainstay of retirement income for Canadian seniors. While the main CPP retirement …
Is GIS Taxable? What You Need To Know
by Enoch Omololu, MSc (Econ)
The Guaranteed Income Supplement (GIS) is a monthly benefit paid to recipients of the Old Age Security (OAS) pension whose income falls below specific thresholds. Is the GIS taxable income? …
How To Save For Retirement in Canada in 2022
by Enoch Omololu, MSc (Econ)
While there are government plans that provide income to seniors in Canada, saving for retirement is a must if you plan on living comfortably and ticking off all that ‘stuff’ …
75 Best Senior Discounts in Canada in 2022
by Enoch Omololu, MSc (Econ)
Senior discounts in Canada can help you save money on everyday expenses whether you are 55, 60, or 65 years and older. Older Canadians have competing priorities when it comes …
