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Financial hardship withdrawal exceptions and increasing income in retirement

Money in a LIRA or LIF is intended to last a lifetime, making it difficult to access more than...

Retirement

How to qualify for EI benefits in retirement in Canada

Just because you paid loads into a program doesn't mean you'll get EI benefits when you retire

Retirement

What’s the average monthly retirement income in Canada?

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OAS entitlement and deferral rules for immigrants to Canada

A person who moves to Canada in middle age won’t be entitled to the maximum Old Age Security pension....

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How to avoid tax on severance pay in Canada

Find out how you can reduce the tax payable on a severance payment, and what happens when receiving a...

Pensions

Alberta Pension Plan: Why Alberta wants to leave the CPP—and what would replace it

The province says pulling out of the Canada Pension Plan to create its own pension fund would benefit Albertans....

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CPP and disability: When should you retire and start your pension?

When collecting disability, retiring early is an option. But find out how that can impact disability income and retirement...

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Making a plan: How to withdraw money from a retirement account

Canadians have quite a few options for retirement savings. But before you look at when to retire and start...

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What to know about withholding tax in retirement

Most retirees have taxes owing at the end of the year. Should you adjust the withholding tax on your...