Many Canadian employers see DB plans, where retirees receive a guaranteed payout every month (sometimes indexed to inflation), as too expensive. And while the average time spent working…
Read more What to do with a small pension in Canada – MoneySenseThe difficulties facing newcomers to Canada with respect to retirement planning are particularly acute. Given how Canada’s immigration points system works, economic immigrants are usually in their late…
Read more New to Canada and no pension: How to save for your retirement – MoneySenseRetirement OAS payment dates in 2024, and more to know about Old Age Security Here’s how Canada’s Old Age Security pension program works, who’s eligible for OAS, when…
Read more How to plan for retirement when you have no pension – MoneySenseIt’s not as big a problem as you might think. The key is to try to mimic the pay-yourself-first approach by setting up an automatic contribution to your…
Read more 40 and no pension: What do you do? – MoneySenseAbout the Canada Pension Plan (CPP) The Canada Pension Plan is a retirement pension that offers replacement income once a person retires from working life. The CPP is…
Read more CPP payment dates this year, and more to know about the Canada Pension Plan – MoneySenseCanada Pension Plan (CPP) deferral: CPP deferral is worth considering for any healthy senior in their 60s. If you live well into your 80s, you may collect more…
Read more Single, no pension? Here’s how to plan for retirement in Canada – MoneySenseAsk MoneySense Do all the advice articles about waiting to take CPP at age 70 take into account the calculation of your eligible amount if you stop working…
Read more “Should I delay my CPP if I’m not contributing to it?” – MoneySenseThe second phase of the Canadian Pension Plan (CPP) enhancement program has come into effect as of January 2024, and with it, the final CPP contribution rate increase…
Read more What is the CPP enhancement? – MoneySenseYou generally need 40 years of residency in Canada after the age of 18 to qualify for the maximum OAS pension. The maximum monthly payment as of the…
Read more OAS entitlement and deferral rules for immigrants to Canada – MoneySense
