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Carney government proposal targets extinction protections for endangered killer whales off B.C. coast + MORE May 14th
The orcas have been affected by shipping traffic causing physical and acoustic disturbances, pollutants and declining food stock..... More »
Insurance for self-employed Canadians: What coverage do you need? + MORE Sep 4th
A common feature of employee benefit plans in Canada is insurance coverage. The types and amounts of insurance vary, and employees should consider their personal situation to determine if they need additional coverage beyond their group plan—as they often do.
If you are self-employe.... More »
Investing Beyond the Numbers: Understanding financial flashpoints + MORE Mar 9th
Have you ever wondered why you have a particular attitude or belief toward money? Some of your past experiences with money shape your financial beliefs, which ultimately influence your financial decisions. These pivotal moments, known as “financial flashpoints,” can make a profound impact on how.... More »
Bed Bath & Beyond announces plan to raise $1 billion, stock falls 24% - Yahoo Canada Finance + MORE Feb 6th
Bed Bath & Beyond announces plan to raise $1 billion, stock falls 24% Yahoo Canada FinanceBed Bath & Beyond Plans Share Sale in Bid to Avoid Bankruptcy BNN BloombergBed Bath & Beyond moves to raise $1 bln to avoid bankruptcy Reuters.comBed Bath & Beyo.... More »
The best GIC rates in Canada for 2025 + MORE Dec 29th
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Find the best and most up-to-date GIC rates in Canada using the comparison tool below. Plus, use the filters to assess your estimated rate of return based on the size of your balance.
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Reconsidering when to take CPP benefits amid COVID-19 risk
– moneysense.ca
In an earlier column, we looked at how to optimize the timing for taking your Canada Pension Plan benefits—early or late. We also touched on the issue of “survivorship,” mentioning retired advisor Warren Baldwin, who decided to take his own CPP at age 66, in part because of limited options for a surviving partner. He said: “If you die, the pension stops or only a limited amount continues to a surviving spouse/partner; more limited if the spouse/partner has a decent amount of CPP of their own.” I followed suit myself.
Because the matter is far from simple, Baldwin suggested we get some annuity quotes to better compare the value of CPP to a Registered Retirement Savings Plan (RRSP), while considering the fact that most or even all CPP’s value might be lost if a partner dies prematurely. (I hate to say it, but the coronavirus pandemic does make this a slightly more probable event, especially for seniors.)
For example, say your CPP is worth $350,000, and you also have a $350,000 RRSP…
Because the matter is far from simple, Baldwin suggested we get some annuity quotes to better compare the value of CPP to a Registered Retirement Savings Plan (RRSP), while considering the fact that most or even all CPP’s value might be lost if a partner dies prematurely. (I hate to say it, but the coronavirus pandemic does make this a slightly more probable event, especially for seniors.)
For example, say your CPP is worth $350,000, and you also have a $350,000 RRSP…
