All Questions
Tagged with canada retirement
30
questions
3
votes
1
answer
64
views
Taxes on certain retirement income in Canada for a US citizen / resident of Canada
I receive US military retirement, and Veterans Administration Disability and Social Security. What is taxed in Canada? Is anything exempt such as the Veterans Disability?
- 31
4
votes
0
answers
225
views
Pre-qualification screening for apartment rentals on apps like Zumper. How honest should I be?
I'm looking to move from one - expensive - rental apartment to another, similar priced.
Now my circumstances are that I am semi-retired, starting a business and with more than enough money in the bank ...
2
votes
1
answer
69
views
CPP example clarification
Can someone explain https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/payroll/payroll-deductions-contributions/canada-pension-plan-cpp/cpp-contribution-rates-maximums-exemptions....
- 1,084
2
votes
3
answers
116
views
How to maximize retirement equity in Canada
I live in Canada. I am mortgage-free/debt-free, have maxed out my RRSP contributions, and have some extra cash outside my RRSPs. I don't have a company pension plan - my only retirement income will be ...
- 1,032
2
votes
0
answers
39
views
Residential requirement for Canadian living abroad to collect pensions?
I have been told by numerous individuals that one is required to return to Canada for a certain period of time, whilst living abroad, in order to continue to collect my Senior benefits from the ...
5
votes
1
answer
324
views
How stable is my retirement plan?
I am in Ontario, Canada as stated in previous posts. I am 23 and have $20 000 in investments after working at my first job for 10 months. My job pays me $42 000/year before taxes ($33 000/year after ...
- 417
1
vote
0
answers
43
views
Tax sheltered investment vehicles for retirement in Canada
Is there any investment vehicles to tax shelter income for retirement on top of RRSP & Pension?
I know about LIRA. When you switch job you usually get your pension funds transferred into LIRA.
...
- 185
1
vote
1
answer
228
views
Where to start with personal finance in Canada?
This will obviously differ by situation, and might be overly broad, and very closely related to Where to start with personal finance?.
But how about some Canada specific answers?
Say you've reached ...
- 129
2
votes
2
answers
363
views
Long term investing alternative to mutual funds
Background
I'm trying to figure out what is the best way to supplement my RRSP for
retirement. In Canada, I can contribute roughly 18% of my annual income (up to
an annual maximum of about $26,230.00)...
- 163
3
votes
1
answer
281
views
As an American living in Canada what should I consider in determining distribution between RRSP and IRA contributions?
I worked in the US for 15 years before moving to Canada which resulted in a retirement portfolio in the US that contains a traditional IRA.
Now living in Canada I have opened an RRSP and have ...
- 419
2
votes
0
answers
61
views
Why is my unreduced retirement date same as the normal retirement date
My employer says that my unreduced retirement date is the same as normal retirement date (at age 65).
How come some people have unreduced retirement date that is upto 5 yrs sooner than their normal ...
- 16k
1
vote
1
answer
178
views
Is the earliest retirement age set by candian government or by the employer
My employer tells me that there is a concept of an 'earliest retirement age' which happens to be 55. basically if I retire at 55 instead of 65, the formula for the company pension (not Canada pension ...
- 16k
1
vote
1
answer
124
views
What suggested supplemental income opportunities exist for a 70 year old Canadian retiree?
This is similar to the question "Extra revenue for retiree receiving a basic public pension", but focusing not on whether, but what.
I am wondering what forms of supplemental income (jobs/gigs) would ...
- 497
2
votes
1
answer
295
views
Pros/cons of drawing income in retirement from sole-owner corporation vs. sole-proprietorship?
What happens from a tax perspective at retirement time for the sole-owner/employee of a Corporation versus Sole-Proprietorship?
In the case of a Corporation, I assume that the owner pulls money from ...
- 532
11
votes
4
answers
2k
views
I'm not broke, but I'm feeling stuck on a fixed income
I'm living on a fixed disability income, with little hope of ever being able to work again. I cannot receive any income of any kind while on disability (or I have to pay it back anyway, and risk ...
- 267