What is the Ontario Teachers Pension Plan (OTPP)?
If you work for any school board in Ontario, you have probably heard of the Ontario Teachers Pension Plan. To no one’s surprise, this is…
Category: Retirement
How to Pay for Assisted Living in Canada
When it comes to living and taking care of personal needs, most people make arrangements that will enable them to get the best care. Others…
What is RREGOP?
If you live in Quebec, you may have heard of something called the RREGOP. This stands for the government and public employees retirement plan, or…
What is the 401(K) Equivalent in Canada?
In the United States, employers offer their employees a retirement plan called the 401(k). It is a retirement benefit plan available for participants who contribute…
How Much Do You Need to Retire Comfortably in Canada?
Retirement, some loathe it, some look forward to it, while others are just indifferent. Whichever category you fall, we all agree it is an inevitable…
Deferred Profit Sharing Plan (DPSP) in Canada
Unlike other retirement options sponsored by the worker (employee), the Deferred Profit Sharing Plan (DPSP) allows employees to receive a share of the company’s profits,…
Early Retirement Tips for Canadians
Financial freedom and the ability to call it quits at your job while young may seem unachievable for many Canadians today. But with a committed…
How much does the Average Canadian Have in RRSP?
The Registered Retirement Savings Plan (RRSP) in Canada is a savings scheme established for the main purpose of retirement. Every country has a retirement age.…
What is an RSP in Canada?
People often mistake Registered Retirement Saving Plan (RRSP) for Retirement Saving Plan (RSP). Although they are both aimed towards retirement, they’re different. While a Retirement…
7 Best Annuity Calculators in Canada
An annuity is a lump sum investment in exchange for a steady flow of income you can earn for life. Although employer pension remains the…