A locked-in retirement account (LIRA) holds pension funds from previous employers before retirement. Learn about LIRA vs RRSP, LIF, and more| Savvy New Canadians
An RRSP is closed at age 71. You can withdraw cash, transfer to an RRIF, or purchase an annuity. See options for withdrawing income from your RRSP.| Savvy New Canadians
The Old Age Security pension is one of the three main pillars of Canada's retirement income system. The two other pillars are the Canada Pension Plan (CPP) and Employment Pension Plans/Individual Retirement Savings.| Savvy New Canadians
There are many transfers you can conduct between an RRSP and other accounts, including RESP to RRSP, RPP to RRSP, RRSP to RDSP, RRSP to RRIF transfers.| Savvy New Canadians
Read on to learn about RRSP over contributions, excess RRSP contribution penalties, and how to rectify the issue with the CRA.| Savvy New Canadians
CPP and OAS benefits for survivors include the CPP Death benefit, CPP Survivor’s pension, CPP children’s benefits, and OAS Allowance for the Survivor Benefit.| Savvy New Canadians
Learn about the OAS payment dates in 2025, how much OAS you will get, eligibility, how to apply, OAS increase, and the GIS supplement.| Savvy New Canadians
Learn about the Canada Pension Plan, including CPP payment amounts, payment dates, application, and the new CPP changes.| Savvy New Canadians
Should you take CPP late at age 70 or collect early at age 60? Deferring CPP until 70 means 42% more benefits than taking it at age 65.| Savvy New Canadians