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Most Canadians don’t understand CPP, OAS deferral options: survey

When it comes to retirement benefits like the Canada Pension Plan and old-age security, the majority of Canadians don’t understand their options for deferral, according to a new survey by Employment and Social Development Canada. The survey, which polled 8,622 Canadians, found just 36 per cent are correctly aware of the deferral options for CPP […]

  • By: Staff
  • July 23, 2020 November 12, 2020
  • 09:15

While many Canadians can’t wait to start drawing down Canada Pension Plan benefits when they turn 65, it’s important to consider whether that’s the right move Bonnie-Jeanne MacDonald, director of financial security research at Ryerson University’s National Institute on Ageing Delaying CPP is the safest, most inexpensive approach to receiving more secure retirement income. Yet […]

Retirement system must reflect Canadians working longer: report

While some may still dream of an early retirement, the world where freedom 55 seemed like a genuine possibility is no longer the world we live in today. However, in some ways, the retirement systems established by Canada’s government don’t reflect the current reality — in order to achieve a financially healthy retirement, Canadians will need to […]

CPP enhancements good start, but more needed to ensure retirement readiness: report

The Canada Pension Plan enhancements are a strong start but the country needs to do more to help people prepare for retirement, according to a new report from Ryerson University’s National Institute on Ageing. The paper — authored by Keith Ambachtsheer, director emeritus of the International Centre for Pension Management, and Michael Nicin, executive director of […]

  • By: Staff
  • February 12, 2020 November 30, 2020
  • 09:30
Editorial

I think it’s fair to say that retirement security is top of mind for the majority of Canadians. And politicians are listening: it was constructive to see all the major parties coming up with measures to deal with the issue during the most recent election campaign. In my last editorial, I summarized the various election […]

What’s next for Canada’s retirement income system?

In the coming decade, the median retirement age could increase from 65 to 68, though the exact timing and extent of this rise can’t be predicted with complete confidence. However, Canadians are staying in the workforce longer, so if Canada continues to pay pension benefits at age 65, it’s certain that a significant and growing […]

Editorial

It’s an election year and, of course, I have a lot of opinions. But I’ll try to keep my political leanings as neutral as possible and simply lay out the facts. This issue will hit desks days before the federal election. However, as I write these words in mid-September, the main parties are just rolling […]

Head to head: Is it time to change the retirement age?

As the pension industry faces shifting demographics and rising longevity, and both the former and current federal governments have taken opposite positions on changing the retirement age, the issue is still up for debate. Carly Wybrow, spokesperson for the Canadian Institute of Actuaries When the Canada Pension Plan and Quebec Pension Plan were established in […]

As the federal Conservative Party finally introduced its election platform last week, it included a number of provisions around pension plan solvency and retirement security. If elected, the party said it will mandate that all federally regulated companies report on the solvency of their pension funds. “This will give seniors the confidence that their hard-earned […]

  • By: Staff
  • October 15, 2019 November 30, 2020
  • 15:15
Liberals promising tax-free parental benefits, increased CPP survivor’s benefit

The Liberal Party announced a number of campaign promises this week, including making maternity and parental benefits tax-free, introducing a 15-week leave for adoptive parents, strengthening the old-age security benefit and increasing the Canada Pension Plan and Quebec Pension Plan survivor’s benefit. If re-elected, the Liberal government said it will work to establish guaranteed paid family […]

  • By: Staff
  • September 19, 2019 November 30, 2020
  • 15:00