As an employer you have a lot of responsibilities to both your employees and the CRA when it comes to payroll and the necessary deductions. It is not something that you can do without being cautious and ensuring that it is done right. One of these deductions is the Canada Pension Plan, and when errors…
As we grow older in life we start to pay a little more attention to our financial future in regards to what pensions we will be able to rely on as source of income. Most Canadians are aware of the Canada Pension Plan (CPP) and the Old Age Pension. Often though it is…
Chances are you are like the many other Canadian tax payers who want to be sure that you are going to be financially comfortable for your retirement years. It is not enough anymore to just rely on your Canada Pension Plan, or Old Age Security pension to make your later years in life comfortable.…
Many people look forward to the day when they can collect their pensions that they have spent years contributing to. Some individuals have private as well as government pension plans that they are entitled to. From the government many retirees expect to receive both the Canada Pension Plan as well as the Old Age Pension.…
If you are well before the age of 65 you probably don’t give much thought to your pensionable earnings. It may seem like a long way off, but before you know it all of a sudden you are ready to start collecting your Canada Pension Plan. However, you really aren’t quite clear on how much…
