"Live like someone left the gate open"
Your retirement financial checklist: Done Y/N? Follow-up date? 1. Update your budget as a retireeYour spending habits and expenses may be different than they were before you retired. It’s important to regularly review your budget as your needs and lifestyle change.Get tips on budgeting during retirement. 2. Decide when to apply for public […]
Read More
The Canada Revenue Agency (CRA) has announced a new TFSA ( tax-free savings account ) limit for 2021. For many, this news fell on deaf ears as the TFSA has been underutilized by Canadians for many years. The first question to ask is “What is a TFSA?” The simple answer is: A TFSA is a […]
Read More
Commencing receipt of the Canada Pension Plan (CPP) isn’t an easy decision for pensioners. Most ask which is a more valid strategy, starting payments at age 60 or at 65? Some in excellent health will even delay it for another five years to receive higher payouts. Still, it would be best to make a few […]
Read More
Like a good ol’ working soldier you started putting money away for retirement when you landed your first job in your early 20’s, right? Wrong. So, the first question you need to ask yourself is, can I afford to retire? How much you need to retire will depend on how you want to live. Many […]
Read More
The changes to the TFSA, RRSP, and CPP pension are among the welcome news in 2021. Also, Canadians can invest in the TELUS stock to create passive income and have more financial cushion this year and beyond. The post CRA: 3 Big Changes to the TFSA, RRSP, and CPP Pension appeared first on The Motley […]
Read More
You can’t retire in Toronto on CPP and OAS alone, but if you have a large position in Fortis Inc (TSX:FTS)(NYSE:FTS) stock, you may be able to. Source: 3 Canadian Cities Where It’s Nearly Impossible to Retire on CPP and OAS
Read More
The CPP payouts in 2021 should be higher due to the pension’s enhancements that began in 2019. However, pension users must still supplement their CPPs in retirement. The National Bank of Canada stock is a dependable income stock.The post CPP Pension Users: 2021 Enhancement Will Bump Up Your CPP Payouts appeared first on The Motley […]
Read More
Effective January 1, 2021, contribution rates for the public service, the Canadian Armed Forces–Regular Force and the Royal Canadian Mounted Police pension plans will change. These changes ensure the sustainability of the public sector pension plans. Pension plan members contribute a percentage of their salary to the plans through payroll deductions. The contribution rates tables below […]
Read More
There are a variety of programs and services to help you ensure your later years are financially safe and secure. Knowing how to navigate through the maze, when it comes to applying for these programs, can get a bit tricky. How do I apply for Canada Pension Plan? How do I apply for Old Age […]
Read More