Employer pension will be a source of income for 60% of those surveyed, and 37% say it will be their primary income source.
The government is continuing its streak of closing tax loopholes while targeting middle-class voters with tax credits in the 2014 budget.
How to safeguard inheritance
Those already getting CPP will see their benefits increase 0.9% in the new year, says the federal government.
The government recognizes the crucial role seniors have played in supporting the country.
Precious metal markets are jolted by Cyprus’ decision to shed its gold holding worth €400m (about $530 million) from its reserves. This is the first time a euro member has decided to sell its excess gold reserves as a result of the ongoing European debt crisis, triggering fears other euro nations may make similar moves, […]
Canada’s economy will be weak this year. But 2012 went well, especially compared to other G7 countries, says Pablo Martinez, assistant vice president of global fixed income at CIBC Asset Management. We had real GDP growth of 2.1% and created 310,000 jobs in 2012, beating analyst expectations. But one-third of these new jobs were in […]
CARP appears to be getting little industry support in its resistance to the federal government’s raising OAS eligibility from age 65 to age 67. In an open letter to MPs, CARP asked to separate OAS changes from the rest of the Budget, demanding a wider debate on the issue. “CARP members would be shattered to […]
Human Resources and Skills Development Canada has announced the quarterly benefit rates for Old Age Security (OAS) will rise by 0.5% to $526.85, effective April to June 2011. Since July 2010, OAS benefits will have increased by 1.9%. Payments under the Guaranteed Income Supplement (GIS) and the Allowances will also increase by 0.5%. MAXIMUM OLD […]