As we all know, the primary focus of CEIRP is to help you save for a comfortable retirement. So, when you’re getting close, what comes next? Our plan provider Canada Life has posted a great article about the process on their website (How to decumulate your assets in retirement). To get you started, we’ve [...]
Twenty years ago, when CEIRP was first created, the purpose was simple — to help members to save for a comfortable retirement. Each of us have a dream of what our retirement might be like. Maybe it’s spending your time with friends and family. Or travelling the world. Or you might choose to take [...]
Looking for your RRSP contribution tax receipts? Find them on My Canada Life at WorkTM When tax season arrives, your tax receipts indicate the amount of RRSP contributions you can claim. To find the tax receipts related to your group RRSP: Sign in to your group savings plan at mycanadalifeatwork.com From the menu on the [...]
Back when the minutes were ticking away the old year, were you thinking ahead to your new year’s resolutions? Now that we’re almost done with January, there’s one new habit you should adopt: review your investor risk tolerance. It’s very simple: just redo the investor risk questionnaire to see if your investment objectives are [...]
Regardless of how old you are or how financially savvy, every life stage has an important money-milestone. Here are a few examples: Twenty-something: You’re starting to work and make money, so now is the time to learn how to budget — and it doesn’t have to be difficult or complicated. On mycanadalifeatwork.com check out [...]
We often hear from members about the timing of standard account transactions. We have collected the most common questions and answers for your convenience: Q: RRSP contribution receipts not matching details on paystubs and online banking contributions had not yet been processed into their plan. A: There are two key factors that affect [...]
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One way that you can make the most of the CEIRP plan is to consolidate your other investments into CEIRP. Not only will you be able to take advantage of our well-managed investment funds, you can also take advantage of our low fees, which means you invest more of your money. Here’s how [...]
One of the most common calls that the Canada Life call centre receives is about transferring money between a Non-Registered Savings Plan (NRSP) and Registered Retirement Savings Plans (RRSP), especially near the end of the year. Now members can manage the process themselves by downloading the transfer form from mycanadalifeatwork.com. How to download [...]
Here’s a simple fact about growing your nest egg: making money is easy. Saving it can be the tricky part. That’s why it’s important to consider how your investments outside your RRSPs are taxed. To illustrate, here are three general tax treatment examples for an individual with an annual income of $85,000 and earning [...]
