by Enoch Omololu, MSc (Econ)
When a CPP contributor dies, their surviving spouse and children may be eligible to collect the following benefits: I discuss what they mean in more detail below. For background information about …
by Enoch Omololu, MSc (Econ)
The Old Age Security (OAS) pension is one of the main sources of retirement income in Canada. Unlike the Canada Pension Plan (CPP), which is a plan you contribute to …
by Enoch Omololu, MSc (Econ)
TFSA holders can withdraw their money at will; however, there are TFSA withdrawal rules to note when you want to re-contribute the amount you have withdrawn. The tax-free savings account …
by Enoch Omololu, MSc (Econ)
Discussing pension payments after death and the benefits that survivors can expect is a morbid subject matter but a really important one. I know this because it is a question …
by Enoch Omololu, MSc (Econ)
A Registered Retirement Savings Plan is one of the principal investment vehicles Canadians use to set money aside for retirement. In addition to retirement, you can also use funds in …
by Enoch Omololu, MSc (Econ)
The RRSP is generally well-known as the best investment account to save for retirement in Canada. The TFSA is a close second. In addition to planning for retirement, the RRSP …
by Enoch Omololu, MSc (Econ)
The registered retirement income fund (RRIF) and annuity are two of the most popular vehicles that seniors use to generate retirement income from their registered investment accounts. At age 71, …
by Enoch Omololu, MSc (Econ)
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. …
by Enoch Omololu, MSc (Econ)
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 …
by Enoch Omololu, MSc (Econ)
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 access to on …
Savvy New Canadians is one of Canada's top personal finance platforms. Millions of Canadians use our site each year to learn how to save for retirement, invest smartly, maximize rewards, and earn extra cash. We have been featured in prominent finance media, including Forbes, Globe and Mail, Business Insider, CBC, MSN, Wealthsimple, and TD Direct Investing. Learn more about Savvy New Canadians.
Free financial education
Expert advice
Free resources
Detailed guides
Featured in
