All items tagged with: retirement income
Posted in: Strategic Thinking, Current Issue , 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.
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.
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.
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.
Posted in: Strategic Thinking , tax preparation, CRA, investments, knowledge bureau, Canada Revenue Agency, Evelyn Jacks, Essential Tax Facts, tax filing, tax courses, master financial advisor, distinguished financial advisor, employment insurance, retirement income, tax education, tax return, personal amounts, double taxation, cross-border tax, Canadians abroad, surtax, non-resident, Canadian emigrant, Canadian expatriates, tax treaaty, Canadian immigrants, non-resident tax, world income
Summertime is family time; but it is also the time of year when people prepare for big life changes taking place in the fall. Young adults make plans to work abroad, travel or go to school and empty-nesters journey to warmer climates. However, non-residency comes with tax consequences, so a visit to a tax advisor should be part of your travel preparation.
Posted in: Strategic Thinking , Financial Literacy, CRA, OAS, knowledge bureau, interest rates, Bank of canada, Evelyn Jacks, Essential Tax Facts, retirement planning, guaranteed income supplement, old age security, master financial advisor, retirement income, wealth management, financial education, retirement benefits, GIS, benefit rates, Retirement Specialist
New rates for Old Age Security (OAS) and the Guaranteed Income Supplement (GIS) programs went into effect as of July 1, 2018, and as a result, Canadian seniors are getting a small raise each month this quarter. But, the windfall is meek.