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CPPIB grows presence in Hong Kong logistics real estate with Goodman partnership + MORE Dec 9th
TORONTO _ The Canada Pension Plan Investment Board is investing $320 million in a partnership with more than a dozen modern logistics properties in Hong Kong.
The Goodman Hong Kong Logistics Partnership, created in 2006, has assets worth about C$4.7 billion including a 50 per cent interest in Goodma.... More »
Making sense of the markets this week: December 24, 2023 Dec 28th
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.
It’s a tough job, but…
It’s really hard to predict what the investment world will do. It’s even harder to predic.... More »
How women can start investing + MORE May 16th
Maybe you’re making a little more money these days and are curious about where to put it. Or maybe you’ve reached the age where you need to start, seriously, planning for retirement. Either way, we’re happy you’re here. The time for women to start investing is yesterday, or at least, right n.... More »
Investing tips for dual citizens of Canada and the U.S. + MORE Feb 3rd
Q. I am a dual Canadian/U.S. citizen. Due to this, I cannot make use of a TFSA, so once my RRSP is maxed out, I’m stuck with non-registered accounts. I plan on putting a large part of my savings into a U.S. robo-advisor or U.S.-listed ETFs. As for my RRSP, I was wondering whether I should foc.... More »
The one thing influencers Steph & Den want you to know about retirement + MORE Apr 26th
Financial influencer couple Steph Gordon and Dennis Mathu (@Steph & Den) started making YouTube videos about personal finance for Canadians in 2019. Once they found their groove on social media, they left their corporate jobs—Steph was in human capital at PricewaterhouseCoopers and Den was a c.... More »
The real winners of the CPP ehancements
– moneysense.ca
OTTAWA – Proposed changes to the Canada Pension Plan will help significantly boost retirement income for Canadians, but only long after they are implemented.
Those already in the workforce, especially those closer to the end of their working lives than the beginning, shouldn’t be looking to the enhancements for help in retirement, experts say.
Investment specialist Robert Kazan of Alterna Savings suggests that those who are going to benefit fully from the changes haven’t yet even started their careers.
This is how much you’ll get from the CPP changes »
“It’s really going to be the teenagers, those born after the year 2000, who are going to get the full benefit, more so than the middle-career earners or pre-retirement workers,” he says.
The tentative changes will see the amount Canadians receive from CPP increase from one quarter of their eligible earnings to one-third. The maximum amount of income covered by CPP will also increase by 14 per cent to roughly $82,700 by 2025…
Those already in the workforce, especially those closer to the end of their working lives than the beginning, shouldn’t be looking to the enhancements for help in retirement, experts say.
Investment specialist Robert Kazan of Alterna Savings suggests that those who are going to benefit fully from the changes haven’t yet even started their careers.
This is how much you’ll get from the CPP changes »
“It’s really going to be the teenagers, those born after the year 2000, who are going to get the full benefit, more so than the middle-career earners or pre-retirement workers,” he says.
The tentative changes will see the amount Canadians receive from CPP increase from one quarter of their eligible earnings to one-third. The maximum amount of income covered by CPP will also increase by 14 per cent to roughly $82,700 by 2025…
