Category: Pensions
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Taking CPP Early, Late or at Age 65?
When to take CPP is one of the biggest questions we as Certified Financial Planner professionals are asked. This extremely important decision should include considerations such as life expectancy, overall health, taxes and the need for income. For every month you take CPP before age 65, your payment is reduced by 0.6%, or 7.2% per…
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QROPS – Qualified Recognized Overseas Pension Scheme
A QROPS is a Qualified Recognized Overseas Pension Scheme and the ONLY vehicle for which a UK Pension can be transferred into Canada. As of writing this, only ONE company in Canada has been approved by the UK Government as able to open and maintain QROPS accounts. This is a big deal if you already living in Canada…