Retirement · 21 guides
Pensions, seniors' benefits, and what your parents' generation has to do.
- Benefit Payment Dates: Full-Year ScheduleA calendar of payment dates for federal and provincial benefits, including CCB, GST/HST credit, OAS, and more, based on official sources.
- Options for Long-Term Care for ParentsLearn about home, community and long-term care services in Canada, including what they cover, costs, and federal support for certain groups.
- What to Do with Your RRSP at Maturity: Converting to Retirement IncomeLearn about your options for your RRSP when you turn 71, including transferring to a RRIF or annuity, and the tax implications.
- How Canada's Retirement Income Works: OAS, CPP, and Personal SavingsCanada's retirement income comes from government pensions (OAS, CPP) and personal savings. This article explains each benefit based on official government sources.
- Home Accessibility Tax Credit for SeniorsThe federal Home Accessibility Tax Credit (HATC) helps cover costs of renovations that make a home safer and more accessible. This article explains eligibility, eligible expenses, credit amount, and how to claim.
- CPP Early vs Late Retirement: Rules at 60 and 70The standard age to start CPP is 65, with early start at 60 and late start at 70. Payments decrease by 0.6% per month if you start early, and increase by 0.7% per month if you delay. Official rules and links included.
- How to Apply for CPP Retirement PensionThe Canada Pension Plan (CPP) retirement pension requires an application. You can apply online or by mail up to 12 months before your chosen start date. This article summarizes eligibility, required documents, steps, and processing times.
- Do Foreign Work Years Count: International Social Security AgreementsIf you have lived or worked in Canada and another country, you may be eligible for pensions from both countries under a social security agreement. This article explains the basics and how to get more information.
- OAS Pension Clawback: What It Is and How It WorksThe Old Age Security (OAS) pension has a recovery tax: if your net world income exceeds the threshold, you must repay part or all of your pension. This article explains the thresholds, calculation, and filing requirements based on official sources.
- After a Loved One Dies: CPP Death Benefit and Survivor's BenefitsThe Canada Pension Plan (CPP) death benefit is a one-time payment to the estate or eligible individuals on behalf of a deceased contributor. This article explains eligibility, amount, application steps, and official sources.
- 🏔Ontario Drug Benefit: Who Can Get Free Prescription DrugsThe Ontario Drug Benefit (ODB) program helps pay for prescription drugs for seniors 65+, youth 24 and under without private insurance, and others. Learn about eligibility, coverage, and how to apply.
- RRSP Retirement Savings Plan: Contribution Limits, Tax Deduction, and WithdrawalsLearn the basics of the Registered Retirement Savings Plan (RRSP) in Canada, including setting up, contributing, deducting, withdrawing, and tax implications.
- 🏔Special Needs Assistance for Seniors in Alberta: Can Hearing Aids, Appliances, etc. Be Covered?Alberta offers Special Needs Assistance for Seniors covering health supports, personal supports, and appliances/furniture. This article summarizes eligibility, income thresholds, and covered items with official sources.
- 🏔Dental and Optical Assistance for Seniors in AlbertaAlberta offers dental and optical assistance for seniors aged 65+. Learn about eligibility, income limits, coverage, and how to apply.
- 🏔Alberta Seniors Benefit GuideLearn about eligibility, income requirements, application steps, and official sources for the Alberta Seniors Benefit.
- Allowance: A Benefit for Spouses Aged 60-64The Allowance is a monthly tax-free benefit for Canadians aged 60-64 with low income whose spouse is eligible for GIS. Learn about eligibility and application timing.
- Canada Caregiver Credit: Tax Relief for Supporting FamilyThe Canada caregiver credit is a non-refundable tax credit that helps taxpayers who support a spouse or dependant with a mental or physical infirmity. This article covers eligibility, claim amounts, required documents, and how to claim.
- 🏔Renting in Saskatchewan: What Tenants Should KnowThis article summarizes official Saskatchewan government information on residential renting, including security deposits, rent increases, repairs, and ending a tenancy, with links to original sources.
- CPP Retirement Pension: Can You Get It Without Full Contributions, and When to Start?The Canada Pension Plan (CPP) is a monthly taxable benefit. This guide explains eligibility, when to start, and key considerations based on official sources.
- Old Age Security (OAS): How the 10-Year Residency Requirement WorksFor immigrant parents, OAS requires 10 years of residence in Canada; less than 10 years means a partial pension. This guide explains the residency rule, when to apply, and common pitfalls.
- How to Apply for the Guaranteed Income Supplement (GIS) and Its Relationship with OASGIS is a monthly tax-free benefit for low-income seniors 65+. This guide explains eligibility, automatic enrollment, and tax filing requirements.
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