Stress Test Your Retirement Income Plan
When it comes to our financial futures, the one thing we’re most scared of is uncertainty. It would be great if we could look into a crystal ball to see what the future will...
Category: The Money Puzzle
A Guide to Naming Beneficiaries for your RRSP and RRIF
You’ve been diligent in saving and investing in your retirement accounts for your future. What happens to these funds on your death? When you opened your accounts long ago you probably named beneficiaries when...
Shopping Online? Check Out These 3 Cashback Sites First
Are you ordering more online these days to limit the times you need to leave your house? Online shopping has become even more attractive right now when we’re being encouraged to remain at home...
5 Medical Tax Credits That Can Save You Money
Have you filed your tax return yet? Instead of the April 30 filing deadline, this year Canadians will have one extra month – until June 1 – to submit their income tax return to...
Do You Support a Guaranteed Basic Income Program?
Canada has quite a good system of helping to reduce poverty in our senior citizens. OAS is payable to most. GIS is available for low income seniors. Plus, every province and territory has a...
How Your Investment Income is Taxed
Now that you’ve been working on your income tax return, it’s a good idea to do a review and identify any missed opportunities and changes you may be able to make this year. In...
Your Ultimate Guide to the CPP: Part IV – Disability Pension
It’s a scary situation to become disabled and no longer able to perform your job. According to disability insurance claims, a man over 55 has a 32% chance of becoming disabled versus dying, and...
Your Ultimate Guide to the CPP: Part III – Survivor Benefits
When a CPP contributor dies, his or her surviving spouse, common-law partner, and dependent children may qualify for benefits including the Survivor’s pension, Children’s benefit and CPP Death benefit. CPP Survivor Benefit The spouse or...
Your Ultimate Guide to The CPP: Part II – When Should You Start Benefits?
When is the best time to start your Canada Pension Plan benefits? This question is hotly debated and it’s a tough decision for Canadian retirees to make. Everyone seems to have their own strong...
Your Ultimate Guide to The CPP: Part I – How Payments are Calculated
For many of us, our Canada Pension Plan (CPP) benefits will make up an important portion of our retirement income. We pay into it all our working lives and expect to receive it when...
