NEWS & RESOURCES

The Canada Pension Plan (CPP) and Old Age Security (OAS) are hot topics for those entering their 60’s. A common question that comes up when we meet with those looking ahead to retirement is: When should I begin taking my CPP and OAS benefits? In this two-part series we will shed light on CPP and OAS separately, as well as provide some guidelines for when you should apply to receive benefits from these programs.

The Canada Pension Plan (CPP) and Old Age Security (OAS) are hot topics for those entering their 60’s. A common question that comes up when we meet with those looking ahead to retirement is: When should I begin taking my CPP and OAS benefits? In this two-part series we will shed light on CPP and OAS separately, as well as provide some guidelines for when you should apply to receive benefits from these programs.

As the deadline for RRSP contributions looms ahead, I have noticed more advertisements around local banks marketing RRSP loans. In theory, it sounds like a good idea to use a loan to contribute to your RRSP, thus triggering a tax deduction while enabling you to save for retirement. However, there are a few things to keep in mind when considering a decision like this.