Viewpoint Blog

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...

Understanding Your Options at Retirement

If you’re confused about retirement income alternatives, you’re not alone. How do you know what to choose? How do you know which product is right for you? Well, it all depends on the type of savings you have...read on. One of the most important factors in determining what products are available is whether the money was accumulated in a pension plan or a...

Factors to Consider When Choosing a Retirement Product

As you approach your retirement, you will find a range of different income options available that will allow you to draw on your retirement savings. The options range from flexible retirement plans, like Registered Retirement Income Funds (RRIF) – which allow you to withdraw any amount you want (subject to certain required minimums) – to fixed payment plans...

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