…retire? What are multi-employer defined benefit pension plans? How is your defined benefit pension plan protected? What is a defined benefit pension plan? A defined benefit pension (DB) pension plan…
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Definition
Pension
A steady income you get after you retire. Some pensions pay you a fixed amount for life. Others save up... Read Full Definition
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How defined contribution pension plans work
…you become a member of a defined contribution pension plan? How do you manage your defined contribution pension plan? What is a Pooled Registered Pension Plan (PRPP)? What if you…
What is a pension plan and how does it work?
…savings plan? What is a pension plan? A pension plan is designed to provide you with retirement income. Many employers offer pension plans as part of their employee compensation. The…
Individual Pension Plans (IPPs)
An individual pension plan (IPP) is a DB pension plan for one person, typically the owner or an executive of an incorporated company. Typically, the company makes all contributions. On…
Personal finance for veterans and service members
…of pensionable service. To learn more, read Pension for Life and these FAQs about pensions for active members. What else should military service members consider when moving to civilian life? There…
Seniors and tax
…amount disability amount pension income amount tuition, education and textbook amounts Splitting pension income with your spouse You may be eligible to split some of your pension income with your…
Financial steps for getting ready for retirement
…income from a pension plan at your place of employment. This may be in the form of a defined benefit plan, a defined contribution plan, or another type of pension or savings plan. The…
Pension & savings plans
Different kinds of workplace pension plans provide retirement income….
Understanding the tax deductions on your pay stub
…take time off due to specific life events such as pregnancy or illness. Canada Pension Plan (CPP) is a retirement pension that pays a monthly benefit to those who qualify….
Ways to contribute to an RRSP
…known as a pension adjustment. Under a defined benefit plan – your pension adjustment is an amount that approximates the value of the pension benefit you earned in the previous…