The Ultimate (Free) Resource for Retirement Planning and Living in Canada
Planning for retirement can feel overwhelming, but with the right resources, you can take control of your financial future. The Government of Canada Retirement Planning and Living Web Resource will walk you through the key steps to secure a comfortable retirement in Canada, from understanding public pensions to exploring savings options, and much more.
The Canadian government's Retirement Planning webpage provides comprehensive resources to help individuals plan for and manage their retirement.
5 Reasons to take advantage of this Free web-page resource:
Provides an Understanding of “CPP” and “OAS”
What are public pensions? What do CPP and OAS stand for, and how are they applicable to you? The webpage goes through the details and provides key implications and considerations. Some examples of useful information on the website include “How much could you receive” and the main sources of retirement income.
Offers Financial Readiness Tools
Do you worry about how much you may need for retirement? The website offers access to a budget planner, retirement readiness assessment, and much more. It will also walk you through the key considerations for financial retirement readiness and direct you to the Canadian Retirement Income Calculator. The resource also highlights savings options such as Registered Retirement Savings Plans (RRSPs) and Tax-Free Savings Accounts (TFSAs) and further information on these.
All these resources are Free and brought to you by the Canadian Revenue Services.
Provides useful Planning Resources for any stage of your Retirement and Planning Journey
The web page provides useful planning resources like retirement checklists, budget planners, and quizzes to assess retirement readiness. The site also addresses the transition from work to retirement, helping individuals understand how to manage pensions, continue working while retired, and make informed decisions about retirement benefits.
Source: Government of Canada Retirement planning and living
Provides an All in One Place Retirement Living and Planning Information
We dare say that if retirement is on your mind or you are new into your retirement living, that this resource will provide a holistic view of what the key considerations are. Are there any tax benefits that may apply to you? Have you considered any other perks or budget considerations? You can find it all in one place.
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Team Carebee
