Definition

Pension

A steady income you get after you retire. Some pensions pay you a fixed amount for life. Others save up... Read Full Definition

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Article

Sources of income in retirement

…you know you are eligible. 1. Canada Pension Plan/Quebec Pension Plan (CPP/QPP) The Canada Pension Plan/Quebec Pension Plan (CPP/QPP) is a public pension plan that gives monthly payments starting as…

5 min read
Article

How Registered Retirement Income Funds (RRIF) work

…included in your estate for calculating probate fees. Pension income amount If you’re over age 65 and don’t have a company pension plan, withdrawals from your RRIF may qualify for…

8 min read
Article

Profiles of retirement

…more likely to expect to rely on their own savings or on income from a home sale. They are less likely to have a work-related pension plan. They are also…

6 min read
Article

How to make RRIF withdrawals

…– If you have other guaranteed sources of income, like a defined benefit pension plan you may not need as much income from an annuity. Reasons you may want to…

6 min read
Article

How annuities work

…over time. If you’re over age 65 and do not have a company pension plan, you may be able to claim the pension income tax credit. This means you won’t…

8 min read
Article

What is a GIA and how does it work?

…for the pension income amount. That’s if you don’t already have enough pension or RRIF income to qualify. Try our compound interest calculator to see how saving even small amounts…

2 min read
Article

What is an RRSP and how does it work

…a pension plan, your pension adjustment will reduce the amount you can contribute to your RRSP. Try our RRSP savings calculator to estimate how much your plan will be worth…

9 min read
Article

Other types of workplace savings plans

Savings plans may be offered by some employers instead of, or in addition to, pension plans. Find out more about the different types of workplace savings plans your employer may…

3 min read
Article

Managing your finances solo

…other pensions, or government benefits? How much do I need to contribute each month to meet that goal? These answers can also change if your living situation changes. Knowing the…

4 min read
Showing results 11-20 of 56