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All items tagged with: Canada Pension Plan

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.

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.

Still Confused About CPP? Understanding Key Changes

Posted: May 15, 2018 By : Margaret Hodgson and Walter Harder
Posted in: Strategic Thinking , Financial Literacy, knowledge bureau, Canada Pension Plan, Evelyn Jacks, retirement planning, tax courses, retirement income, CPP, financial education, Walter Harder, online education, maximum CPP contributions, employer CPP contributions, CPP changes, retirement courses, Margaret Hodgson

Understanding CPP changes is something Canadians continue to struggle with. Here is some history, and key guidelines to share with your clients and guide you in leading them towards tax-efficient income planning decisions in 2018 and beyond.

Impacting Pre-Retirees: Notable CPP Changes

Posted: April 03, 2018 By: Evelyn Jacks
Posted in: Strategic Thinking , Financial Literacy, OAS, knowledge bureau, Canada Pension Plan, Evelyn Jacks, retirement planning, evergreen explanatory notes, old age security, tax courses, clawbacks, retirement income, CPP, tax education, retirement benefits, online courses, online campus, early pension, survivor pension, taxable income, income calculator, retirement and estate services, retirement income planning course

Did you know that there are more changes coming to the Canada Pension Plan in 2019? Most Canadians are unaware, and even those in the know find that the CPP planning process is quite confusing. There is opportunity here for tax and financial advisors to help bring their pre-retiree clients up to speed before the end of tax season.