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

Inflation and your household budget

…review your investment strategy. How much you need to save for retirement may have changed. Consider all sources of retirement income including employment pension and CPP benefits, and whether any…

3 min read
Article

How to make a financial plan

…bank and investment statements, retirement savings and other pension papers. 2. Your debts – what you owe   This includes student loans, mortgage, car loan, boat loan, credit cards and other bills. Your online banking may…

5 min read
Article

Putting your financial plan into action

…work less and pursue interests like travel, volunteer work or part-time work. Starting a new business Turning your retirement savings and pension into income   Managing taxes Managing your retirement…

7 min read
Article

When to review your plan

pension into income Managing taxes Managing your retirement savings so they’ll last Updating your will Later retirement years You may become less mobile, and may need to take care of health…

1 min read
Article

Steps to offering a financial lifeline

…flow. If you’re retired, be sure to consider your cash flow needs. This can include government and private pensions as well as any investment income you might need now and…

4 min read
Article

How income tax works

…employment income, EI benefits, pension income, and investment income such as interest or capital gains. If you have regular employment income, then your tax may be deducted directly from your…

3 min read
Article

10 ways to make it easier to save

…of plan, your employer would take money from your pay each month and automatically contribute to a savings or investment account. Learn more about workplace pension and savings plans. 10….

5 min read
Article

Role of the executor

…person’s driver’s licence, passport and health card. Determining whether there are any private or government pension amounts or death benefits payable to the estate and complete and submit forms to…

7 min read
Article

How power of attorney works

…affairs. The person can: Pay your bills. Apply for benefits you may be entitled to because of your disability. Collect pension and other income you’re entitled to. Monitor your investment…

8 min read
Article

Prepare for the unexpected

…credit or loans). Include information for automatic deductions/payments. Sources of income List your sources of income and benefits your family members may be entitled to receive (income, life insurance, pensions,…

5 min read
Showing results 31-40 of 56