Tag: pension plan

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...