In Canada, the traditional milestone at age 65—when Old Age Security (OAS) and the Canada Pension Plan (CPP) typically begin—no longer guarantees a comfortable retirement. With people living longer, government incentives for delaying benefits, and rising living costs, the decision on when to retire is becoming more flexible. The age of 65 is no longer the automatic choice for Continue reading
Retirement
Are You Getting More CPP And OAS In 2025? Find Out What’s Changing This Year
In 2025, Canada’s senior citizens are getting some important updates to their monthly retirement payments. The Government of Canada has made changes to the Canada Pension Plan (CPP) and Old Age Security (OAS) to help seniors deal with the rising cost of living. These changes are meant to give better financial help, especially as things Continue reading
3 CRA Red Flags That Could Trigger Trouble When Withdrawing RRSPs In Retirement
Retirement planning often centers on Registered Retirement Savings Plans (RRSPs)—a proven way to defer taxes until you retire. But today’s retirement landscape is changing. Many Canadians continue working part-time into their senior years due to rising costs. This shift has triggered three key CRA red flags that could drastically increase your taxes or spark penalties if RRSP Continue reading