Stephen Leahy
How does the Canada pension plan work? Anyone whose pensionable employment income exceeds $3,500 must contribute to the CPP (or QPP). This rule applies to both employees and the self-employed. "Pensionable employment is any employment for which a pension plan or fund has been set up," as...
I first became interested in annuities when I was skimming an article a few years ago in the hopes of easing some of the the pension envy that exists in Canada. Ever since I started really studying annuities, I’ve been fascinated by three truths that I’ve witnessed confirmed over and ov...
Does Canada Have Any Non-Public Debt? Although it is not counted as part of the national debt, the federal government and each province maintains a count of non-public debt. The main source of this debt is the national pension scheme, which is called the Canada Pension Plan Investment Board...
A registered pension plan is a type of trust that provides pension benefits for an employee of a company upon retirement. Registered with the Canada Revenue Agency, RPPs are retirement plans in which employees and employers or employers alone contribute to the entity until the pension recipient le...
2022.01.12 • Slaveholders in Congress, pension plans, journal editors, radio on the internet, and chocolate bar reviews. 2022.01.05 • Civil asset forfeiture, joint military exercises, medical drug names, foundation shades, and honey bees. 2021.12.29 • Local mortality and the 1918 pandemic...
Understand the IRS 1099 Form: Discover its purpose, who receives it, how to fix mistakes, the different types of 1099 forms, and why e-filing makes managing them easier.
There's no limit on how much you can earn while collecting full benefits beginning with the month and year in which you reach your FRA, but $1 will be deducted for every $3 you earn over $59,520 in 2024 up to the month before you reach FRA. These earnings thresholds are periodically...
We’re going to go over all of them below. Generally speaking, income splitting in Canada can be looked at when it comes to RRSP contributions, RRSP/RRIF withdrawals, pensions, loans, trusts, and various types of corporate maneuvering where multiple family members own shares of the same ...
If you’ve worked in Canada, chances are you’ve contributed to either the Canada Pension Plan (CPP) or Quebec Pension Plan (QPP). While the rules and guidelines for the CPP and QPP are complex, here’s a quick overview of how they work. ...