Retirement

The Chief Executive Officer of CPP Investments, John Graham, said that the pension fund’s portfolio value stood at $497.2 billion at the end of fiscal 2021. The figure indicates an increase of $86.7 billion from fiscal 2020 and the highest return in the last 5 years. So, what will each Canadian pensioner get, and what are the […]

CPP

On 31st December 1997, Canada Pension Plan Investment Board (CPPIB) took the first step towards investing pension for Canadians. Twenty-three years later, the Canada Pension Plan Investment Board is among the largest pension plan investors in the world. The fund is managing $497.2 billion in assets as of March 2021. Pensions affect all workers and employers in […]

CPPIB

Successful financial planning involves making wise investment decisions according to your financial situation and goals. As you begin to think about investments for 2021, it is important to be aware of how TFSAs and RRSPs can benefit you. Both these investment instruments can help you save on tax, but they work in different ways. In […]

tfsa

The Canadian Government introduced the Registered Retirement Savings Plan (RRSP), a retirement savings vehicle for its population. There are two essential parts to consider here: individual contribution and RRSP deduction, and these come with limits. At times, these can be complex to comprehend. This article discusses the RRSP and its contribution limits. What is an […]

RRSP

RRIF 101: What Is It and How Does it Work?

A Registered Retirement Income Fund (RRIF) is your way to a safer retirement. It is an account registered with the government to help you receive a steady income in your late 60s. It is an extension of the Registered Retirement Savings Plan (RRSP) since you cannot contribute towards the latter as soon as you turn […]

RRIF