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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 »
Université de Moncton: The new seniors on campus + MORE Feb 10th
Nursing student Danielle Theriault, left, works with a patient at the Université de Moncton’s Ecole de Science Infirmiere. (Photograph by Darren Calabrese)
Every September, university campuses spring back to life as students move into their dorms and classes get underwa.... More »
25 personal finance highlights from the last 25 years + MORE Oct 18th
Over the last 25 years, personal finance in Canada has transformed enormously. Major economic shifts, new technology and evolving consumer behaviour have led to new policies and events. Here are some of the most interesting personal finance developments in the last two and a half decades:
.... 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 »
Why the $35,000 RRSP Home Buyers’ Plan won’t be much help Mar 31st
It’s been about a week since federal budget day and I still have questions about some of the things the government announced. For instance, why did they introduce a deferred annuity, which will allow Canadians to put 25% of their RRSP or RRIF into an annuity that must start paying out by 85 at the.... More »
Five retirement savings tips for Millennials
– canoe.ca
A couple of years ago, Emilie Hunt had to go to the emergency room with a stomach virus. The bill took a huge chunk of money out of her savings, more than $800, and kept her from saving for a couple of months.
TORONTO – With a federal election call looming, Ontario is demanding the Conservative government drop its opposition to the creation of a provincial pension plan.
Finance Minister Joe Oliver wrote his Ontario counterpart earlier this month warning Ottawa would not help implement the Ontario Retirement Pension Plan or make any legislative changes to allow it to be treated like the CPP for tax purposes.
Ontario Finance Minister Charles Sousa says there are at least 28 programs administered by Canada Revenue Agency and 88 data exchange agreements between the federal and provincial governments.
And Sousa says the federal government has a co-operative agreement with the Quebec Pension Plan and made legislative changes to the Income Tax Act to allow higher contributions to the Saskatchewan Pension Plan.
Ontario would face much greater costs to set up and administer its pension plan if it can’t get the co-operation of the Canada Revenue Agency.
Oliver said the Ontario pension plan would amount to a job-killing payroll tax because it would require contributions of up to $1,643 from employers and workers in any company that does not have a workplace pension…
Finance Minister Joe Oliver wrote his Ontario counterpart earlier this month warning Ottawa would not help implement the Ontario Retirement Pension Plan or make any legislative changes to allow it to be treated like the CPP for tax purposes.
Ontario Finance Minister Charles Sousa says there are at least 28 programs administered by Canada Revenue Agency and 88 data exchange agreements between the federal and provincial governments.
And Sousa says the federal government has a co-operative agreement with the Quebec Pension Plan and made legislative changes to the Income Tax Act to allow higher contributions to the Saskatchewan Pension Plan.
Ontario would face much greater costs to set up and administer its pension plan if it can’t get the co-operation of the Canada Revenue Agency.
Oliver said the Ontario pension plan would amount to a job-killing payroll tax because it would require contributions of up to $1,643 from employers and workers in any company that does not have a workplace pension…
Feds, province scrap over Ontario pension plan – Toronto Sun
– news.google.ca
Toronto SunFeds, province scrap over Ontario pension planToronto SunWhile never close, open hostilities have broken out between the Kathleen Wynne and Stephen Harper governments in the days before an anticipated federal election call. Finance Minister Charles Sousa and Associate Finance Minister Mitzie Hunter accused …'Slapping the face of Ontarians': Turf the federal Tories, Ontario Liberal …National PostOntario Liberals call for Tories' defeat over pension fightThe Globe and MailCharles Sousa slams Ottawa for refusing to help run Ontario pension planToronto StarCBC.ca -CTV News -Ottawa Citizenall 40 news articles »
Mother leaves estate to animal charities, will overturned
– moneysense.ca
Britain’s Court of Appeal has overturned the will of a mother who had chosen to give her estate to animal charities rather than her only child.
The mother, Melita Jackson, should have given a reasonable provision to her daughter, Heather Ilott, who is living on benefits and has no pension, Judge Mary Arden says. In its ruling, the court also says Jackson had no connection with the charities named in the will.
Canada’s top-rated charities »
The mother, Melita Jackson, should have given a reasonable provision to her daughter, Heather Ilott, who is living on benefits and has no pension, Judge Mary Arden says. In its ruling, the court also says Jackson had no connection with the charities named in the will.
Canada’s top-rated charities »
The pair had been estranged for 26 years, after Ilott left home at 17 to live with her soon-to-be husband. Several efforts at reconciliation failed.
Jackson died in June 2004, leaving almost all her 486,000 pounds ($758,000) estate to the Royal Society for the Protection of Birds, the Royal Society for the Prevention of Cruelty to Animals and Blue Cross, a charity for abandoned animals.
The court awarded 143,000 pounds ($223,000) to Ilott, who lives north of London in Hertfordshire county, so she could buy her rented home from a housing association and a further 20,000 pounds in cash as “additional income…
