Learn how to choose between a TFSA vs. RRSP account when you cannot max out your contributions to both. RRSP vs TFSA pros and cons.| Savvy New Canadians
Here are the provincial retirement benefits for seniors in Canada (Ontario, Alberta, B.C., etc.) plus federal programs like the OAS and GIS.| Savvy New Canadians
Learn about Ontario tax brackets for the 2022 tax year, how to calculate your marginal tax rate, average tax rate, and the combined federal and provincial tax rates in Ontario.| Savvy New Canadians
Alberta Seniors Benefit is a financial assistance program in Alberta. Learn about Alberta Seniors Benefit payment dates in 2025, eligibility, amounts, and coverage.| Savvy New Canadians
Although both the TFSA and RRSP are considered excellent savings and investing tools, sometimes, individuals would like to make a distinction between the two plans so they can choose one that best suits their financial realities.| Savvy New Canadians
What is an RRIF and how does it work? Learn about RRIF withdrawal rules, RRIF vs RRSP, withdrawal rates, RRIF withholding taxes, investing, and more.| Savvy New Canadians
Learn about the Ontario Trillium Benefit (OTB), eligibility requirements, Trillium payment dates in 2025, calculation, and the Trillium Drug Program.| Savvy New Canadians
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
A defined benefit pension plan is an excellent retirement package and when compared to defined contribution pension plans, it is a really sweet deal.| 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
How much money do you need to retire comfortably in Canada at age 55, 60, or 65 years? Learn how much money you need for retirement.| Savvy New Canadians
A complete pre-retirement checklist for Canadians. Take care of these 10 important financial tasks so retirement can become the best time of your life.| Savvy New Canadians
This financial checklist covers what you need to start your new life in Canada as a newcomer. Learn about how to open a bank account, build credit, buy a home, save for your kids' college education, grow your wealth, and plan for retirement.| 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
Apply these 10 strategies to minimize OAS clawback and keep most or all of your OAS benefits. Unlike OAS, there is no CPP clawback.| 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
How much CPP will you get in retirement, what are the CPP payment dates, is CPP taxable, and how do recent CPP changes affect you?| Savvy New Canadians
Canada Pension Plan and Old Age Security are two of the three main pillars of Canada’s retirement income system. See how they compare.| Savvy New Canadians
The 2025 tax filing deadline for Canadians is April 30, 2025, and self-employed individuals have until June 15th to file their tax returns and get a refund.| Savvy New Canadians
Learn about the Canada Child Benefit dates for 2025, the Canada Child Benefit (CCB) amount, how it is calculated, and application process.| Savvy New Canadians
Learn about the Canada Pension Plan, including CPP payment amounts, payment dates, application, and the new CPP changes.| Savvy New Canadians
What happens to OAS and CPP pension benefits if you or your spouse dies? Does the survivor enjoy a benefit increase or decrease? Read on to find out.| Savvy New Canadians
Do you pay income tax on your OAS payments? Find out more about OAS benefit taxation, OAS clawback, GIS taxation, eligibility and more.| Savvy New Canadians