Retirement security in Canada is changing, and the CPP enhancement is at the centre of this shift. You may have heard about the updates, but knowing what they mean for you and your clients is important. The new CPP rules affect contributions, future income, and how...
RRIF withdrawal rates have a big impact on your clients’ retirement income. The minimum amounts rise as clients get older, so Advisors need to understand how these rules work. This overview explains the key RRIF rules in a simple way. You will see how different...
Many Canadians do not realize their government retirement benefits can decrease if their income gets too high. The OAS clawback lowers Old Age Security payments once clients pass a certain income level. You may be working with clients who are worried about losing...
Unused RRSP contributions can help clients when used the right way but they can also cause problems when they are not managed properly. Many Canadians do not know that these unused amounts can give them helpful flexibility in future years. Advisors who understand...
A defined benefit pension plan gives steady income in retirement. This type of pension can guide a client’s choices for many years. Many Advisors know it is valuable, but the details can still be confusing. This article explains what a defined benefit pension...
