The Canada Pension Plan (CPP) is a contributory social insurance benefit program designed to help supplement income during retirement. It is intended to replace about one-quarter to one-third of a person’s employment earnings. This monthly, taxable benefit is available to all Canadians (including self-employed people) over the age of 60 who have worked in any […]

The federal government has set up several powerful tax-deferred savings vehicles for Canadians. One of them is the registered retirement income fund (RRIF), which is available to anyone with a registered retirement savings plan (RRSP) — and some other registered pension plans — but is of particular interest to Canadians once they reach the age […]

The Old Age Security (OAS) pension is a taxable monthly benefit available to most Canadians 65 years or over who meet the eligibility requirements. Much like the Canada Pension Plan (CPP), it’s designed to help bolster senior Canadians’ retirement income. Though unlike with the CPP, recipients of the OAS pension don’t have to pay into […]