Saving for retirement is often delayed as other things have priority. In a high inflation environment, the dream of buying a house eats almost all your income. In such a situation, it is too late by the time you think of retirement. In the ideal case, pension savings should start at least 20 years before […]
The Canada Revenue Agency (CRA) has required Canada Pension Plan (CPP) contributions to ensure that each Canadian has a basic income for food, medicines and utilities during retirement. If you have a mortgage or debts to bear fruit, CPP may not be sufficient. Do not rely on the maximum CPP payment, which in 2025 is […]
Pensioners usually look at the Canadian stock market for shares that can supplement their pensions with inflation-corrected dividends. But who says that only pensioners can invest in it? Your investment strategy depends on your financial requirements. Everyone’s situation is different. GIG employees and owners of small companies, for example, have an uneven cash flow. They […]
Pension can be scary, but the Canadian Revenue Agency (CRA) has your back. This pension benefit has nothing to do with your labor status or your contributions from your work income, as in the case of the Canada Pension Plan (CPP). If you are 65 years old and have lived in Canada for at least […]