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Stock news for investors: Cenovus boosts MEG Energy stake to 9.8% + MORE Oct 17th
Here’s a round-up of news for Canadian investors this week.
Cenovus-MEG Energy
Parkland-Sunoco
Cineplex
Featured RRSP Accounts
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EQ Bank
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Fixed mortgage rates are likely at their 'lowest point this year,' experts say Oct 29th
"We're seeing the weaker economy, paradoxically, is allowing more people into the real estate market," said Phil Soper, president and CEO of Royal LePage..... More »
Carney Courts Investors to Reduce Canada’s Economic Dependence on U.S. - The New York Times Apr 17th
Carney Courts Investors to Reduce Canada’s Economic Dependence on U.S. The New York TimesCanada to host September summit in Toronto to help draw billions in foreign investment, Carney says The Globe and MailCarney's pitch to unlock trillions in global investment CB.... More »
What does Nvidia’s stock split mean for Canadian investors? + MORE Jun 13th
“Should I be buying that artificial intelligence (AI) company, the one that’s done the stock split?” It’s a question I received from a number of Canadian investors in the week leading up to Nvidia’s 10-for-1 stock split on June 10. Many didn’t even know the name of the company or what it.... More »
Questrade vs Wealthsimple 2023 Update: Breaking Down the Differences for Canadian Investor + MORE Jan 11th
Investing can be overwhelming and confusing, with a plethora of options and platforms to choose from. Two of the most popular online investment platforms in Canada are Questrade and Wealthsimple. Each platform offers its own unique features, benefits and drawbacks, and choosing between the two ca.... More »
Can you change your mind about taking CPP early?
– moneysense.ca
Q. I am 62 years, 10 months of age, and still working but plan to retire (early) at the end of November 2021 with an unreduced employer pension.
I have been collecting CPP for 28 months because I needed the extra money at the time, but I am in a better financial position now.
Can I ask to stop collecting my CPP for a couple of years to “grow” those funds and pick it up again a few years later, or is it that once you draw CPP you must continue?
–Rena
A. Canada Pension Plan (CPP) retirement pension is a government pension calculated based on your contributions from employment and self-employment income. A recipient can apply for their CPP as early as age 60.
If you start CPP before age 65, your pension is reduced by 0.6% per month, or 7.2% per year. That would mean a 36% reduction in your pension at age 60.
Canadians can also opt to delay CPP until age 70 and, in contrast, there is a 0.7% monthly enhancement after 65, or 8.4% per year, for a maximum 42% increase at age 70…
I have been collecting CPP for 28 months because I needed the extra money at the time, but I am in a better financial position now.
Can I ask to stop collecting my CPP for a couple of years to “grow” those funds and pick it up again a few years later, or is it that once you draw CPP you must continue?
–Rena
A. Canada Pension Plan (CPP) retirement pension is a government pension calculated based on your contributions from employment and self-employment income. A recipient can apply for their CPP as early as age 60.
If you start CPP before age 65, your pension is reduced by 0.6% per month, or 7.2% per year. That would mean a 36% reduction in your pension at age 60.
Canadians can also opt to delay CPP until age 70 and, in contrast, there is a 0.7% monthly enhancement after 65, or 8.4% per year, for a maximum 42% increase at age 70…
