Save $10,000 In A Year using these tips. Its a great financial goal for the new year and it's possible to save $10,000 in a year for more financial freedom.

When you are turning 65 or getting to the ripe golden age of 71, there are several financial steps you should be taking to put your retirement finances in order. Age 65 is the standard age often associated with retirement in Canada and is when full pension benefits like the OAS and CPP become available. At age 71, some major changes affect your RRSP account, which is one of the mainstays of Canada's retirement income system. These changes are discussed in further detail below. How Much Do…

This is a complete guide to retirement income planning in Canada. It covers Canadian pension plans, how much money you need to retire in Canada, OAS, CPP, RRSP, GIS benefits and more.

Here's all you need to know about the Canada Pension Plan, including CPP payment amounts, payment dates, application, and the new CPP changes for 2021.

When a CPP contributor dies, their surviving spouse and children may be eligible to collect the following benefits: CPP death benefit CPP survivor's pension CPP children's benefit For background information about the Canada Pension Plan, read this. What is the CPP Death Benefit? The CPP death benefit is a one-time lump-sum payment of $2,500 made to the estate of a deceased CPP contributor. The executor of the estate may apply for the funds (within 60 days) or it can also go to the surviving…

The pension income tax credit gives seniors an annual tax credit on their first $2,000 of pension income. Learn about income that is eligible for the pension income tax credit, potential tax savings and strategies you can employ.

There are important income tax changes in 2020 that Canadian families need to know. Before filing your tax return, find out what money you are entitled to.

There are important income tax changes in 2020 that Canadian families need to know. Before filing your tax return, find out what money you are entitled to.