Retire Early, Gain More Later: The CPP Dilemma Retiring early is a dream for many, but deciding when to start your Canada Pension Plan (CPP) benefits is a critical financial decision. While CPP benefits are available as early as age 60, taking them early reduces your payout significantly. However, there’s a silver lining: delaying CPP Continue reading
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Yoto Mini Recall Alert: Essential Updates and Solutions for Canadian Customers
If you’re a parent to a young child, chances are you’ve heard of or own a Yoto Mini. The beloved Bluetooth speaker, designed for kids, offers a fun way to enjoy stories, music, and podcasts with NFC-equipped cards. However, safety concerns surrounding certain batches of the device have led to a significant recall effort. Here’s Continue reading
December CPP Payments Are Coming: What You Need to Know to Maximize Your Retirement Benefits
The Canada Pension Plan (CPP) is a nationwide social insurance program designed to provide income security during retirement. In addition to retirement benefits, CPP offers financial support in cases of disability or death, ensuring stability for contributors and their families. Mandatory for all employed and self-employed Canadians (except Quebec residents, who contribute to the Quebec Continue reading
December Old Age Security Payments Are Coming Soon – Find Out How Much You’ll Receive
As December rolls in, Canadians aged 65 and older can look forward to an earlier-than-usual Old Age Security (OAS) payment. This timely financial boost is designed to help cover seasonal expenses, making the holiday season a little brighter for retirees. Here’s everything you need to know about OAS payments this month — from eligibility requirements Continue reading
CPP vs. CPP2: Unlocking the Future of Your Pension Contributions
The Canada Pension Plan (CPP) is a foundational retirement pension that helps replace part of your income when you retire. It’s funded by contributions from employees, employers, and self-employed individuals through deductions on earnings. Here’s how the contributions work: Understanding the Basics of CPP Do All Seniors Get the Same Old Age Security (OAS) Payment? Continue reading
Why Canada Should Fold OAS Into CPP/QPP: A Smarter Retirement Future
The Bloc Québécois has placed a 10% increase in Old Age Security (OAS) payments for seniors aged 65-74 at the center of its political demands. With the Trudeau government’s minority status, this move could shift policy—or trigger an election. But is this proposal the right step forward? Many experts argue otherwise, highlighting flaws in its Continue reading
Top 10 Most Common Questions About Old Age Security (OAS) Answered
Planning for retirement is a major milestone, and one of the most significant sources of income for Canadians is Old Age Security (OAS). The OAS pension provides a modest, taxable monthly benefit to eligible seniors for life. At Edward Jones, we understand the complexities of retirement planning, which is why we’ve compiled the top 10 Continue reading
Understanding the True Costs of Expanding Old Age Security: What Canadians Need to Know
The federal government is under increasing pressure to expand Old Age Security (OAS) benefits for seniors aged 65 to 74. With the Bloc Québécois pushing Bill C-319—a proposal to raise OAS payments for this age group by 10%—and a recent motion in Parliament supporting the bill, the Trudeau government faces mounting political and public expectations. Continue reading
Variable vs. Fixed Mortgage Rates in 2025: FOMO or JOMO — Which Strategy Wins?
As the Canadian mortgage market continues to adjust following significant interest rate shifts, homeowners and buyers are faced with a tough question for 2025: Should you choose the potentially budget-friendly variable rate or play it safe with a fixed rate? Variable rates, which have declined by 1.75% since mid-2024, remain higher than fixed rates for Continue reading
EI Benefit Increase 2025: New Amount, Rates & Premiums
Starting January 1, 2025, Employment Insurance (EI) benefits in Canada will see significant updates, including changes to the maximum insurable earnings (MIE), weekly benefit rates, and premiums. Here’s a detailed guide to help you understand the updates and how they could impact your finances. What Is the Maximum Insurable Earnings (MIE) for 2025? The Maximum Continue reading