Archive by tag "Canada Pension Plan"

Recent Changes to the CPP

August 16th, 2016

Although many people are unaware of it, modest enhancements to the Canada Pension Plan were agreed on when federal Finance Minister Bill Morneau met with the provincial finance ministers met in June. The changes are to be submitted to Parliament for approval in October.

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Is The CPP Safe?

December 12th, 2014

There is a lot of discussion in the business news about how people are living longer with articles about longevity insurance and how to protect yourself from running out of money in extreme old age. One of the questions which also comes up is the “health” of the Canada Pension Plan and the ability of [...]

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CPP Decisions at Age 65

September 11th, 2014

Canadians approaching age 65 face important decisions regarding the Canada Pension Plan (CPP), decisions which can have a material effect on their standard of living in retirement. The regulations do not make easy reading, so the purpose of this article is to examine the choices which are available depending on work status. Don’t Work Past [...]

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Return on CPP Investment

September 11th, 2014

Many of us, especially those of us with RSP’s, are accustomed to thinking about the return on our retirement investments. I find it helpful to apply the same “return on investment” thinking when it comes to evaluating different options for government retirement programs.

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When to Collect CPP and OAS?

March 23rd, 2014

In 2010, the federal government introduced important changes to the CPP retirement benefits (CPP). With all this flexibility, the question becomes “When should I start my CPP and OAS benefits?” As usual, the answer is “It depends”. 

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CPP: "How Long Is A Piece of String?"

June 22nd, 2011

At a recent meeting of the Retirement Planners Association of Canada (RPAC), Willie Jack and I were challenged to calculate the effective rate of return on contributions made to the Canada Pension Plan (CPP). Interestingly, we used quite different approaches but came up with similar results. They must be right! Willie considered an individual born [...]

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Canada Pension Plan Changes Start This Year

May 18th, 2011

The CPP was designed in the early to mid 60’s. Fifty years later, Canadians are healthier, better educated and living longer. In particular, Canadians are working later in life and deferring retirement. As well, the retirement experience is changing from a single event, usually at 65, to a process that can extend over many years. [...]

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Keep an Eye on Canada Pension Plan

June 15th, 2010

In the early 1990s I carried out a survey for the readers of the Canadian MoneySaver Magazine to test their attitude towards the Canada Pension Plan.

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Where It's Too Close To Call, Take The Money!

January 8th, 2010

I had a recent request from a client who was interested in considering his options under the changes to the Canada Pension Plan (CPP) which become effective on January 1, 2011.

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