Retirees

Steps to Avoid the OAS Clawback

March 1, 2019blog, pension plan, Retirees, RRSP, Tax Free Savings Account

According to the Canadian government website, Old Age Security is the largest pension program in Canada. OAS pays a monthly income to seniors who are age 65 and over. The amount of the payment is not based on past income but rather how long you resided in Canada after the age of 18. If you have turned 65 you are eligible for the maximum OAS income if you have resided in Canada for at least 40 years after turning 18 AND have resided in Canada for at least 10 years prior to receiving approval for your OAS pension. There are some exceptions for those who don’t fully qualify based on temporary absences during that requisite 10-year period.

Canada Pension Plan – Should You Take it Early?

December 2, 2018blog, pension plan, Retirees

New Rules governing the Canada Pension Plan took full effect in 2016. Under these rules, the earliest you can take your CPP Pension is age 60, the latest is 70. The standard question regarding CPP remains the same – should I take it early or wait?

The Importance of Critical Illness Insurance in Retirement Planning

August 1, 2018Family, Retirees

There are a number of obstacles that could potentially de-rail a comfortable retirement. These include marriage breakdown, a stock market crash, and being sued. Another huge obstacle would be the diagnosis of a life threatening critical illness affecting you or your spouse. While it might be difficult to insulate yourself against some of the threats to retirement security, Critical Illness insurance goes a long way to mitigate the financial disaster that could result from a change in health as we approach retirement.

Ontario Budget 2018

April 3, 2018blog, Business Owners, corporate, dental benefits, Estate Planning, Family, group benefits, Individuals, Investment, Retirees, Tax

The 2018 Ontario budget features a number of new measures and billions of dollars of enhanced spending across the spectrum, as announced by the province’s Finance Minister, Charles Sousa. Read on for some of the key proposals.

Index Funds vs Actively Managed Funds: what are the main differences?

July 1, 2017blog, Investment, Retirees, Retirementinvestment, Non-Registered Investments, RESP, RRIF, RRSP, TFSA

There are significant differences when it comes to Index Funds and Actively Managed Funds. Deciding between the two will depend on various factors including your risk appetite, the ROI you are looking to achieve and the timeframe in which you are looking to achieve this.

Category: Retirees

Steps to Avoid the OAS Clawback

Canada Pension Plan – Should You Take it Early?

The Importance of Critical Illness Insurance in Retirement Planning

Ontario Budget 2018

Index Funds vs Actively Managed Funds: what are the main differences?

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