Université de Moncton: The new seniors on campus + MORE Feb 10th

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How to get the pension income tax credit + MORE Feb 17th

Q: I am 65 years old and will have income for the next three years. I want to open a Registered Retirement Income Fund (RRIF) and transfer some money into it to take advantage of the pension credit on a $2,000 withdrawal. While doing so, can I then turn around and use that $2,000 as part of my con.... More »

Why Canada must simplify the tax code + MORE Feb 24th

Aaron Wudrick is the federal director of the Canadian Taxpayers’ Federation. Are you paying all the tax you’re legally required to pay—and if not, is that okay? That’s the question at the heart of the controversy over offshore tax havens, whereby mostly wealthy individuals structure their fi.... More »
 retirement savings plan

Timing CPP and OAS with workplace pensions Mar 31st

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 dela.... More »

How to transfer from an RRSP to a TFSA —and why you shouldn’t + MORE Mar 3rd

Flickr When transferring a stock from an RRSP to a TFSA, is there any advantage whether it is in a loss or gain position? Why or why not? – Darryl If you hold a stock in your RRSP and you want to hold it in a TFSA instead, there is no way to simply transfer it from one account to the other. At lea.... More »
 retirement planning

Should I contribute to my TFSA when I’m 68? + MORE Mar 17th

iStock Q. I am 68 years old and already retired. Is there any point in contributing to a TFSA? – Michelle A. Any point? Why yes. There are lots and lots of points. I’ll make a few of them here. The Tax-Free Savings Account is a great vehicle to reduce your taxes whatever your age. You’re .... More »
Top retirement planning tasks by age and stage—In partnership with Scotiabank—

The post Top retirement planning tasks by age and stage appeared first on MoneySense.

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Université de Moncton: The new seniors on campus

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 underway. There’s a flurry of activity on the quad, as friendships are formed and memories are made. This fall, the Université de Moncton welcomed not only their new students but 65 very special residents.
The new faces on campus are residents of the new Faubourg du Mascaret, a retirement complex and nursing home for seniors aged 65 and over. In addition to the new residents at the care home, the complex will eventually be home to more than 30 semi-independent seniors, who require lower levels of care. (All spaces are allocated on a first come, first served basis.) Two apartment complexes are in the final phase of construction, and should be ready for independent seniors to move into by next fall…

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Your top tasks for retirement savings at every ageYour age only matters in as much as it can help form the list of financial ‘tasks’ you should do to prepare for your retirement, based on your situation. ROB AND JULIA CAMPBELL/STOCKSY
In partnership with Scotiabank
We are all unique. We are different in ages, interests, incomes, skills, temperaments and tastes. But, when it comes to retirement savings, we also have a lot in common. Most of the things we need to do are similar, if not exactly the same. Let’s take a look at some of the “top tasks” to focus on as you move through your life. And remember that age is just a number. Some people hit milestones earlier, some later. And some move through life in their own way, at their own pace.
In your 20s: Allocating your paycheque
You enter the workforce with high hopes, trying to find the match between what you love to do and what will pay the rent. This can be a tough task as the job market continues to shift from full-time positions to short-term contracts or gigs. However you earn your money, you’ll face a big challenge: How are you going to allocate it? You may have a chunk of student debt to pay off…

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TORONTO _ A recent decline in global stock prices may be an opportunity for the Canada Pension Plan Investment Board to get better prices for investments it wants to make, CEO Mark Machin said Friday after releasing CPPIB’s quarterly results.
“Our portfolio is constructed to be robust and perform well in the long term. So we’re well set up to weather this type of volatility,” Machin said after announcing the CPP Fund earned a four per cent return in the quarter ended Dec. 31.
Besides having a widely-diversified portfolio and a very long investment horizon that protects the CPP Fund from short-term volatility, its investment teams see periods of stock market weakness as opportunities.
“This allows us to enter at a better price than we would otherwise. So that’s good,” Machin said.
He also said the market volatility _ indexes have made huge swings in both directions this week _ reflect a debate about whether rising U.S. wages and interest are a threat to the economy or a result of economic strength…

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