Viewpoint Blog

Filing your SIPP/Form 14 with FSCO

Background As you may know, plan administrators in Ontario are now required to file their Statement of Investment Policies and Procedures (SIPP) with the Financial Services Commission of Ontario (FSCO). Recent Updates FSCO has recently communicated that SIPP documents will need to be accompanied with a completed SIPP Information Summary, Form 14. These two...

Start Planning your Retirement in 2016

New Year's Resolutions - Planning for Retirement
At the beginning of each new year, most of us set goals, resolutions and/or hopes to focus on for the year ahead. We may set out to focus on eating healthier, to get to bed earlier or to volunteer more and some of us may have the goal of better understanding and preparing for retirement. Maybe you’re already preparing for retirement or maybe you haven’t yet...

NEW Amendments to the Pension Benefits Act

The New Rules On November 27, 2014, new amendments to the Pension Benefits Act (Ontario) came into force, relating to Statements of Investment Policies and Procedures (SIPPs). One of the most significant changes proposed in this amendment was the requirement to disclose in a plan’s SIPP if environmental, social, and governance (ESG) factors are incorporated...

The Ontario Retirement Pension Plan

2016 will be the year to learn all about the new Ontario Retirement Pension Plan (ORPP) that is rolling out in 2017. The more prepared you are, the smoother the transition will be. Here are a few facts to help you get up to speed on what's happening - in case you weren't already aware. - The Ontario Retirement Pension Plan (ORPP) aims to replace 15 per cent...

Hello December!

Can you believe it’s already December 1st? For the month of November, we joined Canada’s Financial Literacy Month (#FLM2015) conversation by publishing various posts about saving for retirement, understanding the Canadian retirement landscape and highlighting important retirement terms. We enjoyed the theme, as we understand how important it is to be...

Think twice before withdrawing money from your RRSP

Anyone with money saved in a group registered retirement savings plan (RRSP) has likely experienced the temptation to withdraw some of those savings for a new car or a tropical vacation. After all, retirement is so far off, a small withdrawal now won’t make any difference…will it? Wait! Before cashing in your RRSP, there are a couple of things to consider:...

Canadian Government Sponsored Retirement Plans

As discussed in our previous blog post, 'The Canadian Retirement Landscape’ , the three levels of retirement plans in Canada include: government sponsored public plans, privately sponsored employer plans and individual plans. This article will discuss, in detail, Old Age Security (OAS) and the Canadian Pension Plan/Quebec Pension Plan (CPP/QPP), both...

The Canadian Retirement Landscape

In previous blog posts, we’ve discussed retirement payment options available to you as a member of an employer sponsored retirement plan. Your plan is one of the tools available to help you prepare for retirement. Overall, there are three levels of retirement plans available in Canada: government sponsored public plans, privately sponsored employer plans...

The Power of Compound Growth

compound growth
When it comes to investing, you want time on your side. Make time your ally through compound growth . Compound growth happens when your investment gains, such as interest or dividend income (profits), are reinvested, and the gains on the additions are reinvested, and so on. With compound growth, the earlier you start saving, the less you'll have to put away...

Understanding Your Options at Retirement - Part II

As discussed in our previous article, ‘Understanding Your Options at Retirement – Part I’, the options you have to access your plan assets at retirement depend on whether the money was accumulated in a pension or a savings plan. In part one we explored the options for pension (or locked-in) money; in this article, we will look at the options available for...

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