There are plenty of retirement plan options in Canada! Stay on top of the best plans right here.
Latest News
Do bonds still make sense for retirement savings? + MORE Apr 27th
Now that it’s clear interest rates bottomed some time ago and are well on an upwards trajectory, we’re seeing headlines declaring the “death of bonds.” Notable was the Globe & Mail article by veteran columnist and author Gordon Pape, announcing he was “getting out of bonds.”
W.... More »
Can you receive a government pension if you live outside of Canada? Jul 20th
Q. My father, who was born in 1945, left Canada to live in Thailand when was 26 years old. That was 50 years ago and he has never returned. If he comes back to Canada for one year to apply for his OAS, would he be eligible to receive a full pension? And would they be able to calculate his pension an.... More »
How much to take out of your RRSP in your 60s Oct 5th
Many retirees have the bulk of their retirement savings in registered retirement savings plans (RRSPs) or similar tax-deferred registered accounts. RRSPs need to be used to buy an annuity or more commonly converted to a registered retirement income fund (RRIF) by Dec. 31 of the year someone turns 71.... More »
What is the CPP Survivor’s Pension? How can Canadians claim this benefit? + MORE Feb 15th
Ask MoneySense
My wife passed away, and I heard about the survivor’s pension. Can you tell me more about this benefit and how to receive it?—Kevin
What is the CPP Survivor’s Pension?
Thanks for your email, Kevin. Losing a spouse or common-law partner is one of the most challenging e.... More »
Timing CPP and OAS with workplace pensions
– moneysense.ca
Q: My husband is retired military and will turn 60 this year. He’s been told by his military buddies that he should apply soon for his CPP as then he can receive it and the bridge for the next five years. I thought he should be delaying on taking his CPP but perhaps it’s the OAS he should delay? Or neither?
—Evelyn
A: Some financial decisions can be tougher to make than others. You need to navigate advice from friends, professionals, and the media, as well as your own fears and biases. I often have people ask me very broad financial questions and my answer tends to be: “it depends.” I feel you should educate yourself and then evaluate the pros and cons, making the decision in large part based on what’s best for you. Sometimes, this differs from the advice of friends, professionals and the media. And that’s ok.
Your husband’s military buddies, Evelyn, may have made the best decision for themselves and are certainly entitled to share their opinions. These opinions help you form your own…
