All about Retirement Planning in Canada. Learn the ins and outs and get the latest news.
Latest News
Should you collect CPP and OAS while working in your 60s? Dec 7th
I have lived in Canada for 24 years and I’m 65 years old now. I am still working at a company making a $78,000 salary. Since my health condition is OK, I am going to continue to work for two to four years. My question is: In my situation, it is better for me to apply for OAS and CPP now or delay t.... More »
Should you hold gold in a RRIF? + MORE Aug 9th
Ask MoneySense
I have a RRIF (registered retirement income fund) and I am looking to shift it to gold. I am 65 years old. Is this safe and does this make sense?
—Audrey
Investing in gold for retirement in Canada
Gold prices have surged recently, rising 26% over the past year. Silver has .... More »
Can I withdraw from RRSPs to pay bills? + MORE Apr 20th
What are the cons to withdrawing RRSP savings of $25,000 to pay off some unexpected bills I have incurred?—Anonymous
Withdrawing RRSPs when you’re not retired
Ahh, the unexpected bills.
Anonymous, I’ll give you my initial thoughts first, and then I’ll review the cons of withdrawing .... More »
OAS payment dates in 2025, and more to know about Old Age Security + MORE Apr 4th
If you’re approaching or planning for retirement, you may have questions about Old Age Security (OAS) benefits, like: Do I need to apply for OAS? How much will I receive in OAS? When do OAS payments go out? We cover these questions and more below. But first, here’s a quick overview of how OAS wo.... More »
Segregated funds are no tax panacea + MORE Jun 6th
Ask a Planner
I attended a financial planning seminar and the presenter said you’re taxed so high on RRSPs when you die that your kids are only going to get half of it, which I already kind of knew. So, if you put it into these segregated funds, then you don’t pay tax. Should I be doing.... More »
Home-financing tips for 4 types of buyers
– moneysense.ca
Some home-buying advice is one-size-fits-all—like getting a mortgage pre-appproval. No matter who you are or what your circumstances, it’s always a good idea to arrange your financing ahead of time so you know how much home you can afford.
Some groups of buyers, however, face specific challenges that need more targeted strategies.
Single or self-employed borrowers, for instance, often have a harder time qualifying for a mortgage than dual-income couples with full-time employment. Parents-to-be and downsizers, on the other hand, could face potential changes in income due to maternity/parental leave or retirement that could affect their ability to make payments or borrow money.
We asked real estate and mortgage professionals across Canada about the unique obstacles facing four different types of home buyers, and the strategies you can use to get past them.
If you’re single/divorced
Unless you’re a top earner, qualifying for a mortgage on a single income can be tough. But it’s not impossible…
Some groups of buyers, however, face specific challenges that need more targeted strategies.
Single or self-employed borrowers, for instance, often have a harder time qualifying for a mortgage than dual-income couples with full-time employment. Parents-to-be and downsizers, on the other hand, could face potential changes in income due to maternity/parental leave or retirement that could affect their ability to make payments or borrow money.
We asked real estate and mortgage professionals across Canada about the unique obstacles facing four different types of home buyers, and the strategies you can use to get past them.
If you’re single/divorced
Unless you’re a top earner, qualifying for a mortgage on a single income can be tough. But it’s not impossible…
Are you entitled to anything when your ex-spouse dies?
– moneysense.ca
Q. My ex-husband died a month ago. Am I allowed any amount of his CPP or his military pension, although we were divorced?
–Ginette
A. I am sorry for your loss, Ginette. As you may already know, the end of a marriage or common-law relationship doesn’t automatically sever all ties between partners.
Canada Pension Plan (CPP) contributions made while common-law or married spouses were living together can be divided upon separation or divorce. This is called CPP credit splitting, and it may result in a spouse who made lower contributions to CPP receiving a higher retirement pension in the future.
The CPP pays a survivor’s pension upon the death of a CPP contributor. To be eligible, the survivor must have been legally married to the deceased or have been their common-law partner. A legal spouse who is separated may qualify for the benefit; however, a divorced ex-spouse is not entitled to a survivor’s pension. As a result, Ginette, you will not have any CPP survivor’s pension entitlement…
–Ginette
A. I am sorry for your loss, Ginette. As you may already know, the end of a marriage or common-law relationship doesn’t automatically sever all ties between partners.
Canada Pension Plan (CPP) contributions made while common-law or married spouses were living together can be divided upon separation or divorce. This is called CPP credit splitting, and it may result in a spouse who made lower contributions to CPP receiving a higher retirement pension in the future.
The CPP pays a survivor’s pension upon the death of a CPP contributor. To be eligible, the survivor must have been legally married to the deceased or have been their common-law partner. A legal spouse who is separated may qualify for the benefit; however, a divorced ex-spouse is not entitled to a survivor’s pension. As a result, Ginette, you will not have any CPP survivor’s pension entitlement…
John McEnroe criticized for comments on Emma Raducanu’s midmatch withdrawal at Wimbledon – The Globe and Mail
– news.google.ca
John McEnroe criticized for comments on Emma Raducanu’s midmatch withdrawal at Wimbledon The Globe and MailTomljanovic moves past Raducanu after retirement; Pliskova, Muchova win at Wimbledon WTA TennisJohn McEnroe slammed for comments over Emma Raducanu withdrawal The GuardianSecond Service: Kyrgios heartbreak; Raducanu living the dream TennisheadJohn McEnroe’s comments on BBC TV broadcast draw attention ABC NewsView Full coverage on Google News
