All about Retirement Planning in Canada. Learn the ins and outs and get the latest news.
Latest News
CPPIB grows presence in Hong Kong logistics real estate with Goodman partnership + MORE Dec 9th
TORONTO _ The Canada Pension Plan Investment Board is investing $320 million in a partnership with more than a dozen modern logistics properties in Hong Kong.
The Goodman Hong Kong Logistics Partnership, created in 2006, has assets worth about C$4.7 billion including a 50 per cent interest in Goodma.... More »
Union pans Wall’s idea of wage cuts, layoffs to deal with Saskatchewan deficit + MORE Dec 30th
REGINA — The leader of a union that represents health-care and education workers says wage rollbacks and layoffs will not cure Saskatchewan’s ailing economy.
In media interviews Premier Brad Wall has suggested that public sector workers may be be asked to take less to help tackle the provinc.... More »
CPP payment dates this year, and more to know about the Canada Pension Plan + MORE Aug 30th
In Canada, no retirement plan is complete without considering the CPP. Whether you’re approaching retirement or still several years away from it, the Canada Pension Plan will likely play a role in your retirement income. How big a role depends on several factors. You may have other questions, too..... More »
Is now the time for retirees to sell stocks and buy GICs? + MORE Aug 2nd
Ask MoneySense
My husband is retired and concerned that his money that is invested in his RRSP and TFSA is fluctuating too much. He is retired and is wondering if his funds should be in a GIC account as it’s paying 4% and not losing principal. He’s concerned in this volatile market.—Rodeen
.... More »
Millennial homebuyers and seniors among the winners of Budget 2019 + MORE Mar 24th
The Liberals’ last budget of this mandate sets the stage for the October federal election and includes a sprinkling of money for voters across a wide spectrum. But there are also gaps in spending for some groups.
Here’s what the budget does and doesn’t do, for five key voting group.... More »
Teachers eyeing sale of stake in Vancouver property portfolio: report
– theglobeandmail.com
Cadillac Fairview, the real-estate unit of Canada’s third-biggest pension fund, is reportedly looking to raise about $2-billion from the sale of a minority stake
Why I’m taking OAS right at 65
– moneysense.ca
During the “Victory Lap” stage of life between full-time employment and traditional “no-nothing” retirement, a key strategy is deciding when to commence receipt of various streams of income.This commonly occurs in one’s 60s. As you move from a salaried single stream of income to the “multiple streams” of income inherent in post-corporate portfolio careers, certain considerations may cause you to commence receipt of certain streams while postponing others.
Non-registered investment income is one income stream you can scarcely avoid receiving, whether fully employed or semi-retired. Part-time work is a likely source of income in this stage: the previous column in this series examined its positive impact on your nest egg. Even if you decide you don’t want to work part-time after age 70 or 71, you can slowly replace that income with no-longer-deferred government or corporate pensions and of course the mandatory forced annual taxable RRIF withdrawals once you turn 71.
But in the pre-RRIF years of your 60s, if you can live on some of the above income streams, it may be advantageous to delay employer pensions and government retirement income sources like the Canada Pension Plan and Old Age Security…
