If you are turning 71 this year you will need to close your RRSP by December 31. This being said, it doesn’t mean you have to leave the CEIRP plan. You may have already been contacted by Canada Life and have made a decision about opening a CEIRP RRIF. This account offers the same [...]
Here are some ideas on how to stay financially disciplined starting in your 20s through to your 40s: Twenty-something: Do you know where your money goes? Knowing how you spend money now will benefit you in the long-term. There are lots of financial apps that you can try, which are designed to make budgeting and [...]
With the summer ending and fall here, schooling and education tends to be top of mind for many families. With the rising costs of post secondary education, many families wonder how and when to start saving. It can be difficult for students to cover post-secondary expenses from their earnings alone, which are usually very [...]
Some members might not be sure about how Individual and Group RRSPs work. Here's a quick refresher sourced from the Canada.ca website: The Registered Retirement Savings Plan helps you save for retirement during your working years You can contribute 18% of your previous year’s income (total limit for 2020 is $27,230). The amount that [...]
We can all agree that this school year has been challenging and unpredictable. With so much uncertainty, it may seem ridiculous to even make plans for the next school year. But, things are looking up and September will be here soon enough, so it may be safe to start thinking ahead. And when it [...]
As life slowly gets back to normal, we’re all looking forward to reasons to celebrate. In the coming months, an increase in weddings might be included in that list. So if you and your partner have been dreaming of when to have your big day, here are some financial conversations to consider before you [...]
Knowing the signs of identity theft is the best way to arming yourself against becoming a victim. So, what exactly is identity theft? It happens when somebody takes and/or uses your personal information, like your credit card number, driver's license, SIN, birthdate, to commit a crime like fraud. Luckily, there are things you can do [...]
We can all agree that it’s good that 2020 is finally over. It was a year of unprecedented volatility across all areas of life. And it shone a painful light on how carrying too much debt and too little savings can make everything even more difficult. The good news is that things are starting to [...]
CEIRP now has its own dedicated team of Investment and Retirement Managers at Canada Life. They’re here to help you with those tough decisions about your savings and investments. Contact someone today. Whether you’re just starting out, retiring or somewhere in between, these specialists can help guide you along the way with personalized service [...]
Assigning a beneficiary for your account is really important. If you don’t and you die, your money could get stuck in your estate and caught up with legal fees. But there are different types of beneficiary designations, so make sure you choose the right one – and that it’s up to date. When you [...]
