Tags » Canada Pension Plan

Two-thirds of Canadian households saving for retirement, census suggests

By David Hodges

Two-thirds of households are setting aside money for retirement, taking advantage of either a registered pension plan, an RRSP or a tax-free savings account, Statistics Canada said Wednesday as it released the latest batch of numbers from the 2016 census. 861 more words

Economy

Woman raising two teens with little help from her ex faces hurdles to retire in 10 years

Situation: Woman with two teenagers wants to help with education costs, then retire at 62

Solution: Wait to 65, pay down debts, then retirement plan with all debts paid should work… 1,034 more words

Personal Finance

Single woman in late 50s worries that with no company pension, her savings won’t cover her retirement

Situation: Woman with substantial savings but no company pension, worries she can’t afford to retire

Solution: Build nanny suite in house to add revenue, add up income sources to ensure costs covered… 1,060 more words

Personal Finance

Canada Pension Plan reform to boost assets above $15 trillion by 2090

OTTAWA – The upcoming enrichment of the Canada Pension Plan will help fuel a 48-fold boost to the public fund’s assets over the long haul – to more than $15.8 trillion by 2090, according to federal calculations. 775 more words

Canada

Old age security spending will soon hit all-time highs but softened by CPP increases: report

OTTAWA — A mandatory review of the country’s largest seniors benefit program is predicting all-time highs in spending over the coming years with waves of baby boomer retirements — spending levels that could have been even higher if not for changes to the public pension program. 562 more words

Personal Finance

Rising old age security spending curtailed by CPP increases: report

OTTAWA – A mandatory review of the country’s largest seniors benefit program is predicting all-time highs in spending over the coming years with waves of baby boomer retirements – spending levels that could have been even higher if not for changes to the public pension program. 608 more words

Canada

CPP expansions curb rising old age security spending, but new high still expected: report

By Jordan Press

OTTAWA — A mandatory review of the country’s largest seniors benefit program is predicting all-time highs in spending over the coming years with waves of baby boomer retirements — spending levels that could have been even higher if not for changes to the public pension program. 588 more words

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