Retired Money

What retirees need to know about tax brackets for 2025

Those at or near retirement need to account for slightly higher tax brackets, as well as higher Basic Personal...

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How much money should I have saved by age 40?

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How much income can I earn while getting OAS?

If you continue working in retirement, it could cause a clawback on your OAS. Here’s how to figure out...

Retirement

How to plan for retirement when you have no pension

Practical advice on how to build your retirement savings for employees at mid-career, the self-employed, single parents and more.

Retired Money

What is Sun Life’s new decumulation product?

While not guaranteed like an annuity, MyRetirementIncome is a flexible and simple financial product for those needing to convert...

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Should you invest an inheritance in an RRSP or a TFSA?

A Certified Financial Planner provides perspective on the TFSA vs. RRSP question for a couple in their late 50s...

Renovations

How to renovate your home on a fixed income

Spending thousands of dollars on upgrades to your living space can be daunting for seniors. Here are some financing...

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How to plan for taxes in retirement in Canada

In retirement, some income is not subject to withholding tax, and you may potentially owe tax after filing each...

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Year-end tax and financial planning considerations

Some strategies are time-sensitive, while others can help you start the new year on the right foot.