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Should seniors cancel their life insurance policies?

At what point do we no longer need life insurance? You will find the answer by going back to...

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Should you hold on to unused RRSP contributions?

It may not be a good idea to save up unused RRSP contributions in order to save on future...

Retirement

What’s the average monthly retirement income in Canada?

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Investing

Should retirees pay off their mortgages with investments?

A bank advisor tells a just-retired Canadian that using investments to pay off a mortgage is not a good...

Retired Money

Infinite banking in Canada: Should you borrow from your life insurance policy?

The “Infinite Banking Concept” is gaining popularity with Canadian retirees—but it’s not right for everyone. Here’s how this leverage...

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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....

Retired Money

How to plan for retirement for Canadians: A review of Four Steps to a Worry-Free Retirement course

Just in time for Canadian Financial Literacy Month in November, Four Steps to a Worry-Free Retirement course by Kyle...

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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....