Is CPP expansion still a possibility? The nation’s finance ministers gathered recently to discuss the option, but no action has been taken. In today’s challenging economic climate, it’s not clear when expansion will happen – but all agree something must be done to improve retirement in Canada.
Are you at the stage where you need to turn your RSP into income for retirement? It can be a confusing time, and require some savvy tax strategy. Here’s what one retiree did to maximize her money.
Will the Canada Pension Plan be up to the challenge of providing for the next onslaught of retirees? Concerns persist that current CPP isn’t adequate for Canada’s growing baby boomer needs – but proposed expansion for the program stalled this week as finance ministers could not come to an agreement.
The possibility of expanding CPP benefits for retirees has been discussed at length lately. Here’s how it could affect your retirement plan, and how to supplement your savings.
They say wisdom comes with age – but sometimes our cognitive abilities can decline, leaving us more financially vulnerable than we realize. A study finds the financial literacy capacity of seniors diminishes over time, as right brain thinking becomes more prevalent.
What is the best country to retire in? Canada ranks 5th, according to an index released by the UN and HelpAge International. While we scored high for our universal healthcare and Canada Pension Plan, income security in our nation leaves seniors wanting.
Pension plan formulas can be confusing. Here’s a clear breakdown of the three most common types, and how to achieve your retirement planning goals.
Confused about the language in your pension plan? You’re not alone. Here are 6 common pension terms defined.
The CPP is looking to invest in the growing U.S. economy by purchasing luxury retailer Neiman Marcus. How will this fare for those who depend on the pension plan?
Talk of a minimum wage increase in Ontario has sparked a debate. While an increase in income and purchasing power is beneficial to workers and the economy, businesses warn of impending job cuts and fewer hours to cover costs.