Millennials planning for retirement at an early age
|

Millennials planning for retirement at an early age

Nowadays, Canadians will generally need over $1 million to live comfortably in their golden years when taking into account the average household wage, retirement age and life expectancy. Though this news may seem frightening, there are many programs and strategies out there that can help millennials planning for retirement accordingly. For instance, through the Canada…

New Canada Pension Plan changes to enhance your retirement
| |

New Canada Pension Plan changes to enhance your retirement

New Canada Pension Plan changes – In January 2019, the Canada Pension Plan (CPP) enhancement will take its first step toward improving retirement benefits for all working Canadians. Starting this January, you and your employer will begin making higher contributions to the CPP. In 2019, the contribution rate will increase from 4.95% to 5.1%. Contribution…