Posts Tagged ‘Retirement & Pensions’
Should I take CPP before age 65?
Two thirds of Canadians take their CPP benefits before age 65, but determining what’s best for you demands that you better understand your options. First let’s consider the rules around taking CPP – which changed January 1, 2012. The chart below from www.moneysense.ca provides a nice summary. You can start collecting CPP (Canada Pension Plan)…
Read MoreLess than half of Canadians will contribute to an RRSP this year
According to a recent poll done by a leading Canadian bank, more than half of us won’t be contributing to an RRSP this year. To better assist you in making effective savings decisions and as importantly how best to invest it, we invite you to connect directly for a no obligation discussion – simply click…
Read MoreRenting during retirement? 10 cases where it might be right for you
Home ownership is the deeply ingrained Great Canadian Dream. Adding to the dream is retiring as a homeowner without debt. Although that dream is alive and well, and something that most retirees hope for, there can be some very good reasons not to be a homeowner in retirement. While renting in retirement may not be…
Read MoreShould you contribute to your RRSP, TFSA or pay down debt
Lorne Zeiler, VP, Portfolio Manager and Wealth Advisor at TriDelta Investment Counsel spoke with Catherine Murray on BNN’s Market Sense. Lorne discussed the tax benefits of RRSP contributions, at which income levels RRSP contributions are most advantageous and he also reviewed strategies for consolidating and reducing debt. Click here to watch the full interview. Written…
Read MoreHere’s why you should show your group pension plan some love
If your boss offered you a $5,000 raise for the same amount of work, would you say no? That fact is that many Canadians are turning this down by not taking advantage of their companies matching of RRSP contributions. The obvious reason is that money is tight for many people and the idea of having…
Read MoreRRSP – When an RRSP is not enough
RRSPs are simply one big tax game. The aim is to get at least the same (if not better) tax refund when you put money in, than you will be forced to pay when you ultimately withdraw from your RRSP or RRIF. For those who make a high income – let’s say $300,000 in taxable…
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