NDP leadership hopeful Thomas Mulcair kicked off his campaign with a promise to improve retirement security for Canadians.
Canada’s Pension Appeals Board has appointed Justice Douglas Rutherford as the board’s new chairman.
Changes to the way employers deduct Canada Pension Plan (CPP) contributions are coming into effect in the new year.
Much has been written about the Canada Pension Plan (CPP) since May 2009 when the various federal, provincial and territorial finance ministers undertook their review. The changes that emerged from that analysis now provide an employee with greater decision-making power when it comes to working, contributing to and receiving CPP benefits.
The Canadian Federation of Independent Business (CFIB) has expressed its support for Canada’s new pooled registered pension plan (PRPP) legislation—and requested the government not support an increase to Canada Pension Plan premiums.
A group of pension experts, including a former chief actuary of the Canada Pension Plan, is calling on Canada's finance ministers to commit to expanding the CPP.
The last actuarial report on the Canada Pension Plan (CPP) estimated that 38% of Canadians in 2010 started receiving their CPP at age 60. Another 38% or so started their pension at 65. The remaining 24% started their CPP at other ages, mainly between 61 and 64. To someone new to Canada, the “normal” retirement age would not be at all obvious. Yet ask any Canadian and he or she will tell you that normal retirement means age 65.
Canadians have some financial literacy, but they are far from being straight A students. That’s the result of BMO Financial Group’s inaugural BMO Financial Literacy Report Card, which gauges the personal finance knowledge of Canadians.
Human Resources and Skills Development Canada has announced the benefit rates for the Canada Pension Plan and Old Age Security, effective Jan. 1, 2012.
The Canadian Pension Plan Fund said Thursday its assets fell slightly to $152.3 billion during its the second fiscal quarter but remained fairly insulated from shocks that spread through the global financial system.