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Canada Benefits: I am a senior in Ontario
This Canada Benefits Web site provides an overview of all government benefit programs and services concerning seniors in Ontario.
Source: Government of Canada.
Getting Ready to Retire
Are you getting ready to retire? There are some things you need to know:
Source: Government of Ontario
Ontario Seniors' Secretariat: Finances
The Guide offers comprehensive information and contact information on related issues of tax including preparing your tax return, tax credits available and other resources
Pension Forms - Ontario
Pension forms available on-line from the Financial Services Commission of Ontario.
Source: Financial Services Commission of Ontario
<abbr>CPP</abbr> Investment Board
Our job is to invest <abbr>CPP</abbr> contributions that are not required to pay current benefits, in a way that maximizes returns without undue risk. The money that we invest today will be needed by the Canada Pension Plan to help pay the pensions of working Canadians who will begin retiring 17 years from now.
Source: CPP Investment Board
<abbr>RRSP</abbr> - Making withdrawals
This link lists topics and answers typical questions relating to the withdrawal of funds from Registered Retirement Savings Plans (<abbr title="Registered Retirement Savings Plans ">RRSP</abbr>).
Source: Government of Canada.
<abbr>RRSP</abbr> options when you turn 71
Explains your choices for your <abbr>RRSP</abbr>s when you turn 71: you must withdraw your <abbr>RRSP</abbr>s, transfer them to a <abbr>RRIF</abbr>, or use them to buy an annuity.
Source: Canada Revenue Agency
Allowance Program
The Allowance is a monthly benefit for low-income seniors (aged 60-64) whose spouse or common-law partner is eligible for, or currently receiving, the Old Age Security (<abbr title="Old Age Security">OAS</abbr>) pension and the Guaranteed Income Supplement (<abbr title="Guaranteed Income Supplement">GIS</abbr>).
Source: Service Canada
Canada Benefits
The Canada Benefits Web site provides an overview of all Government of Canada financial benefit programs for individuals.
Source: Government of Canada.
Canada Pension Plan
There are three kinds of Canada Pension Plan benefits: disability benefits (which include benefits for disabled contributors and benefits for their dependent children); retirement pension; and survivor benefits (which include the death benefit, the survivor's pension and the children's benefit). If you contributed to the <abbr>CPP</abbr>, you are entitled to a retirement pension at the age of 65. You must apply to receive these benefits, and you should apply at least 6 months before you want to receive them. You can apply as early as 60, but your benefits will be reduced.
Source: Social Development Canada
Canada Pension Plan Forms
Canada Pension Plan forms listed by title.
Source: Service Canada
Canada Pension Plan Retirement Application
This online service allows you to apply for a Canada Pension Plan Retirement (<abbr title="Canada Pension Plan Retirement ">CPP RTR</abbr>) pension.
Source: Service Canada
Canada Pension Plan Retirement Pension
provides a monthly taxable benefit to retired contributors.
Canada's retirement income system
Besides your personal savings and investments, do you know how much money you can expect to receive in retirement? To help you better plan for your retirement, it's important to understand the various parts of Canada's retirement income system.
Canadian Forces Pension
Provides information regarding pay and allowances to military members on retirement leave; payment of Pension benefits, payment of Severance pay, payment of the Supplementary Death Benefit And the administration of all pension legislation applicable to Members of the Forces under the Canadian Forces Superannuation Act (CFSA).
Source: Department of National Defence
Canadian Government Annuities
This site will assist you in understanding Government Annuities and provide information about your Annuity and the services available to you.
Source: Social Developement Canada
Canadian Government Annuities Plan - Overview
An overview of the plans administered by the Annuities Branch, including a brief history of the Canadian Government Annuities, the available forms to annuitants and employers and the annual report.
Source: Human Resources and Skills Development Canada
Canadian Retirement Income Calculator
The Old Age Security program and the Canada Pension Plan (or Quebec Pension Plan) provide a modest secure base on which to build your private savings. The calculator helps you assess your personal financial situation and helps you decide which steps to take to reach your retirement goals.
Source: Service Canada
Cancellation of Pension Sharing for Canada Pension Plan Retirement Pension(s) (PDF)
This site provides you with a form to end a pension sharing arrangement with your spouse or common-law partner.
Source: Service Canada
Credit Splitting Upon Divorce or Separation, Canada Pension Plan
The Canada Pension Plan recognizes that in a legal marriage or common-law relationship, both spouses or common-law partners share in the building of their assets and entitlements. Among these are Canada Pension Plan pension credits. When a relationship ends, the Canada Pension Plan pension credits which the couple built up during the time they lived together can be divided equally between them. This division is called "credit splitting". 'Partner' refers to either same-sex or opposite-sex common-law partner, or the person to whom you are married.
Source: Service Canada
Employees who are between 60 and 70 years old
These employees can apply for a <abbr>CPP</abbr> retirement pension. You have to deduct <abbr>CPP</abbr> contributions from their remuneration until the end of the month before the month that the pension becomes payable.
Source: Canada Revenue Agency
Federal Superannuates National Association
The Federal Superannuates National Association represents the interests of pensioners from the Federal Public Service (including Government agencies/Crown corporations), Canadian Forces and the Royal Canadian Mounted Police.
General Information About the Canada Pension Plan
The Canada Pension Plan is a contributory, earnings-related social insurance program. It ensures a measure of protection to a contributor and his or her family against the loss of income due to retirement, disability and death.
Source: Social Development Canada
International Benefits
If you have lived or worked in another country, or you are the surviving spouse or common-law partner of someone who has lived or worked in another country, you may be eligible for a pension from Canada or abroad.
Source: Service Canada
Lifelong Learning Plan
The Lifelong Learning Plan (<abbr title="The Lifelong Learning Plan">LLP</abbr>) allows you to withdraw amounts from <abbr>RRSP</abbr>s to finance training or education for you or your spouse or common-law partner.
Source: Canada Revenue Agency
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