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All items tagged with: CPP

Tax Season: A Key Influencer in Reducing Poverty

Posted: March 04, 2019 By : Beth Graddon
Posted in: Strategic Thinking , OAS, tax credits, Canada Pension Plan, old age security, tax deductions, CPP, Real Wealth Manager, GIS, Canada Child Benefit, Federal Benefits

Great news! New data from Statistics Canada’s Canadian Income Survey, released on February 26, shows that poverty levels are on the decline thanks (at least, in part) to federal benefit programs like the Canada Child Benefit (CCB) and the Guaranteed Income Supplement (GIS). Unfortunately, there is a fly in the ointment, but tax and financial professionals can help.

Uncertainty Lies Ahead in 2019: Tax, Benefit and Economic Changes

Posted: January 08, 2019 By : Evelyn Jacks & Beth Graddon
Posted in: Strategic Thinking , Personal Tax, CRA, Federal Government, Canada Pension Plan, CPP, finance canada, business tax, Canada Workers benefit, carbon tax, 2019 tax changes, 2019 economic forecast, tax facts 2019

Happy 2019! Welcome back to Knowledge Bureau Report and to what’s sure to be a fascinating year for interpreting tax and financial news, based on recent stock market volatility and significant tax change. It’s an election year, too, so broadly misunderstood tax reforms recently introduced will likely re-emerge for debate. What lies ahead for 2019? Here are just some of the facts Canadians should know.

Options for Registered Pension Plans on Retirement

Posted: December 11, 2018 By: Walter Harder
Posted in: Strategic Thinking , rrsp, retirement savings, RPP, retirement income, CPP, RRIF, Walter Harder, Registered Pension Plan, annuity, life annuity, Registered Pension Plan Annuity Contracts, Retirement and Succession Services Specialist

What options do your clients have for receiving their Registered Pension Plan (RPP) entitlement, as they approach retirement? The Canada Revenue Agency has just released some guidelines that may help.

CPP Increases for 2019

Posted: November 06, 2018 By: Walter Harder
Posted in: Strategic Thinking , Retirement, Canada Pension Plan, retirement planning, retirement income, CPP, Walter Harder, CPP contributions, maximum Canada Pension Plan contributions

The maximum Canada Pension Plan (CPP) contributory earnings are indexed annually based on inflation. For 2019, indexation resulted in a 2.68 percent increase over 2018.

CPP Benefit Enhancements: An Alternative to Private Plans and Pensions

Posted: August 21, 2018 By : Stefanie Keller
Posted in: Strategic Thinking , seniors, investment, knowledge bureau, Canada Pension Plan, Evelyn Jacks, retirement income, public pension, Real Wealth Manager, old age benefits, income planning, Quebec Pension Plan, deferring CPP, CPP enhancements, maximum pensionable earnings, tax-efficient retirement income, Stefanie Keller

Will the CPP be enough to provide security in retirement? That’s a big question for many who face higher premiums for the mandatory plan starting in January of 2019. But to get the most out of your CPP, it pays to get some professional advice.

Deferring Receipt of CPP: Is it the Right Call for Retirees?

Posted: August 14, 2018 By : Stefanie Keller
Posted in: Strategic Thinking , seniors, investment, knowledge bureau, Canada Pension Plan, Evelyn Jacks, retirement income, public pension, Real Wealth Manager, old age benefits, income planning, Quebec Pension Plan, deferring CPP, CPP enhancements, maximum pensionable earnings, tax-efficient retirement income, Stefanie Keller, Stellar Wealth & Tax Solutions

When it comes to the Canada Pension Plan (CPP)/Quebec Pension Plan (QPP), most Canadians want to know whether they should take it early, at age 60 or defer it. In fact, this is a great trigger question and a core part of the discussion and a core part of the discussion about a pre-retiree's financial strategy. Yet it is surprising how few advisors drill down on this complex, and often uncomfortable decision.