You Shouldn’t Rely on Government Benefits

The American Social Security system has been under a lot of scrutiny lately, many questioning its sustainability. With the potential downfall of American social security, we thought it would be interesting to take a look at the current status of the Canadian government benefit system. The main government benefit in Canada is the Canadian Pension... Continue Reading →

Retirement Apocalypse Looms

At a recent social event, a gentleman who was close to retirement was commenting that it was no use attempting to save money with current interest rates so low. "Besides, the government will look after me in retirement" he claimed. We thought it would be useful to analyze his situation for this blog post. Unfortunately,... Continue Reading →

Changes to CPP

The Department of Finance has issued a press release regarding changes to the Canada Pension Plan (CPP) which they implemented, effective January 1st 2018. The Canada Pension Plan was set up with the intention that all employees and employers would contribute matching contributions for an employee’s forty-year working life (up to an indexed maximum CPP... Continue Reading →

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