Cape Breton Retirement and Pensions
The Canada Pension Plan (CPP), Old Age Security (OAS) and other Canadian government retirement, survivor and disability pensions.
Stay current on one of Canada's best tax breaks - registered retirement savings plans or RRSPs. Deadline's to make RRSP contributions eligible for deductions on your income tax is midnight March 2, 2009.
Ways to find out the amount of RRSP contributions you are allowed to deduct for your income taxes.
1) Check Last Year's Income Tax Notice of Assessment
Your RRSP deduction limit can be found in the RRSP Deduction Limit Statement on your latest Notice of Assessment or Notice of Reassessment.
2) Call the Tax Information Phone Service (TIPS)
Call Canada Customs and Revenue Agency TIPS at 1-800-267-6999. The service is available from the middle of September to April 30.
You will be asked for your Social Insurance Number, your month and year of birth, and the total income you reported on line 150 of your income tax return for the previous year.
3) Use the Quick Access Service
You can use the Canada Revenue Agency Quick Access service online to find out the limit of your RRSP contributions allowed for your income taxes.
4) Use the My Account Service
You can also use the Canada Revenue Agency My Account service online to find out the limit of your RRSP contributions allowed for your income taxes.
Canada's Old Age Security pension is a monthly payment available to most Canadians 65 or older. You must apply to receive benefits.
Here's How: At least six months before you turn 65, pick up an application kit at a Service Canada office or download the kit in PDF. You can also call 1-800-277-9914 toll-free for an application kit.
Cape Breton Canada's retirement income system has three levels:
Old Age Security ( OAS)
the Canada Pension Plan (CPP)
and private pensions and savings. CPP was established in 1966, providing basic benefits when a contributor to the Plan becomes disabled or retires. At the contributor's death, the Plan provides benefits to his or her survivors.
CPP retirement pension is a monthly benefit paid to people who have contributed to the Canada Pension Plan. The pension is designed to replace about 25 percent of the earnings on which a person's contributions were based. You qualify for a CPP retirement pension if you have made at least one valid contribution (payment) to the Plan and if:you are at least 65
or you are between 60 and 64, and meet the earning requirements set out in the legislation. Your retirement pension does not start automatically. You must apply for it (unless you already receive a CPP disability benefit and turn 65, at which point your disability benefit automatically changes to a retirement pension).
If you are between 60 and 64, you may qualify for retirement pension by doing the following...Stop working - This means that you are not working by the end of the month before the CPP retirement pension begins and during the month in which it begins. For example, if you want your pension to begin in April, you have to stop working by the end of March and you cannot work during the month of April.
or
Your income is less than a specified amount - Meaning you earn less than the current monthly maximum CPP retirement pension payment in the month before your pension begins and in the month it begins. For example, if you want your pension to begin in April 2010, you need to earn less than X amount of dollars in both March and April. Once you start receiving your CPP pension, you can work as much as you want without affecting your pension amount, but you cannot contribute to the CPP on any future earnings from employment.
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Cape Breton Retirement Planning Companies
Allegro Residences - 1-888-758-6760
Independent and assisted living homes for seniors across Canada
Keyword : retirement
Investing Guide Category : Retirement Communities & Homes, Senior Citizens' Services & Centres
Dealer/Branches www.residencesallegro.com
Retirement, RRSP, OAS, CPP
Angel Touch Flower Centre Ltd - 1-800-663-6810
Mention This Ad For a Percentage Off. Based on Product Price.
Keyword : retirement
Investing Guide Category : Florists-Retail, Florists-Whol, Gift Baskets
www.angelstouch.com flowers@angelstouch.com
Retirement, RRSP, OAS, CPP
Chartwell Seniors Housing REIT - 1-866-957-4856
Chartwell, the most trusted name in seniors housing. From independent living to long
term care facilities, we offer a full spectrum of lifestyles to meet the needs of
Investing Guide Category : Retirement Communities & Homes
www.chartwellreit.ca
Retirement, RRSP, OAS, CPP
Edward Jones - 1-888-335-7809
Financial strategies. One-on-one advice.
Keyword : retirement
Investing Guide Category : Investment Dealers, Mutual Funds, Stock & Bond Brokers
Locations www.edwardjones.com
Retirement, RRSP, OAS, CPP
Freedom 55 Financial a division of London Life Insurance Company
Check our website for a location nearest you.
Keyword : Retirements
Investing Guide Category : Insurance-life, health & Travel, Financial Planning Consultants, Mortgages
Dealer/Branches www.londonlife.com
Freedom 55 Financial A Division Of London Life Insurance Company - 1-888-893-8383
Mortgage Service Centre
Keyword : Retirements
Investing Guide Category : Financial Planning Consultants
www.londonlife.com
Retirement, RRSP, OAS, CPP
Gallant Denise Credential Financial Strategies - 902-567-2533
336 Kings Rd , Sydney , NS B1S1A9
Investing Guide Category : Retirement Planning Consultants
Retirement, RRSP, OAS, CPP
Gordon Stirrett & Associates - 1-888-878-0770
1801 Hollis Street, Suite 1540 , Halifax , NS B3J3N4
Recognized as the Number 1 Firm in Canada with Manulife Securities We Offer
Complimentary 2nd Opinion on your Investment Portfolio.
Keyword : Retirements
Investing Guide Category : Retirement Planning Consultants, Financial Planning Consultants, Investment Dealers
www.investwithconfidence.ca info@gordonstirrett.com
Retirement, RRSP, OAS, CPP
Gouthro Todd CFP FCSI - 902-537-2829
NS
Investing Guide Category : Retirement Planning Consultants
Retirement, RRSP, OAS, CPP
Great-West Life Assurance Company The - 1-888-751-0557
Group Retirement Services
Investing Guide Category : Insurance-life, health & Travel
Retirement, RRSP, OAS, CPP
Great-West Life Assurance Company The - 902-429-8374
Group Retirement Services - (Great-West/London Life)
1900-1801 Hollis , Halifax , NS
Investing Guide Category : Insurance-life, health & Travel
Retirement, RRSP, OAS, CPP
Great-West Life Assurance Company The - 902-422-1642
Group Retirement Services
Fax , Halifax , NS
Investing Guide Category : Insurance-life, health & Travel
Retirement, RRSP, OAS, CPP
Investment Planning Counsel - 902-562-0911
500 George Street , Sydney , NS B1P1K6
Keyword : retirement, on your children's education, your retirement or going on vacatio..
Investing Guide Category : Financial Planning Consultants
Retirement, RRSP, OAS, CPP
London Life Insurance Company - 1-888-893-8383
Toll Free : 1-888-893-8383
Keyword : Retirements
Investing Guide Category : Mortgages
www.londonlife.com
Retirement, RRSP, OAS, CPP
Lynch Insurance Agency - 902-564-8313
106 Townsend Street , Sydney , NS B1P5E1
Investing Guide Category : Retirement Planning Consultants
Retirement, RRSP, OAS, CPP
New Dawn Guest Home - 902-539-2221
50 Millitary Rd , Sydney , NS B1N3K6
Investing Guide Category : Retirement Communities & Homes
Retirement, RRSP, OAS, CPP
RBC Royal Bank - 1-800-769-2511
Working closely with you to bring together your banking, savings and borrowing needs.
Keyword : Retirement
Investing Guide Category : Investment Dealers, Mortgages, Banks
Dealer/Branches www.rbcroyalbank.com
Retirement, RRSP, OAS, CPP
Revera
Keyword : retirement
Investing Guide Category : Retirement Communities & Homes, Senior Citizens' Services & Centres, Homes-Elderly People
Locations www.reveraliving.com
State Farm
State Farm, Insurance Agents & Brokers, Auto, Homeowners, Condo Owners, Renters,
Life & Annuities, Business, Boat, Retirement.
Keyword : retirement
Investing Guide Category : Insurance Agents & Brokers, Insurance Agents, Insurance Brokers
Locations www.statefarm.ca
The Co-operators
We believe in meeting and anticipating our clients' needs. We believe in being a
responsible and supportive member of our communities.
Keyword : Retirement
Investing Guide Category : Insurance-life, health & Travel, Insurance Agents & Brokers, Insurance-General
www.cooperators.ca
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