Canadian Dividend All-Stars 2024: Past performance + MORE Jan 23rd

How to go about securing the best savings strategy in Canada.

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Canadian Dividend All-Stars 2024: Past performance

– moneysense.ca

Overview
Top 100 Dividend Stocks
Past Performance
Methodology

Best Dividends in Canada Table of Contents
OverviewTop 100 Dividend StocksMethodology

It’s all very well to recommend a list of dividend stocks, but they’re still equities, right? That means volatility in the market. Their stock values can fall as well as rise, leaving Canadian investors with the possibility of a loss—in the case of dividend stocks, mitigated by their payouts—over the course of the year. The truth is, we can’t tell you for certain what will turn out to be the best picks for 2024. But we can show you how our 2023 selections performed, using the same best dividends methodology.

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What is the CPP enhancement?

– moneysense.ca

The second phase of the Canada Pension Plan (CPP) enhancement program has come into effect as of January 2024, and with it, the final CPP contribution rate increase for most Canadians. In an effort to ensure adequate retirement pensions, this seven-year government initiative involving incremental raises to the contribution rate came into effect in 2019, and it involved incremental raises to the contribution rate.

Now, the second CPP enhancement is introducing an additional “earnings ceiling,” which will affect some middle- and high-income earners. Does that include you? Learn everything you need to know about the CPP enhancement and the 2024 changes in this explainer.

Why are CPP contributions increasing?

The CPP is one of three primary government programs, along with Old Age Security (OAS) and the Guaranteed Income Supplement (GIS), designed to provide Canadians with income to last them throughout retirement. For some workers, this amount is supplemented by an employer-provided defined benefit (DB) plan, which guarantees a certain amount of income for life, while others save for retirement using vehicles like registered retirement savings plans (RRSPs)…

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