Understanding OAS & CPP Blog Articles

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Retirement Income & Tax Planning, Calgary
  • Jan 18, 2024
  • Willis Langford

The New Enhanced and Expensive CPP Contributions for 2024

Some employees will start seeing a larger portion of their paycheques going toward CPP contributions in 2024. This is part of a broader pension revamp that began in 2019 as the CPP began phasing in enhanced benefits intended to provide more. . .

Retirement Income Planning, Calgary
  • Oct 16, 2023
  • Willis Langford

Ways To Avoid the OAS Clawback

Consider Bob and Andrea who are now 65 years old. They have been taking advantage of the tax deductions they get from contributing to their RRSP for many years. They purposely kept their savings plans equal as both of them have been earning similar. . .

Retirement Income & Tax Planning, Calgary
  • Jun 07, 2023
  • Willis Langford

An Overview and Update on CPP

Here's an overview, update, and refresher on What You Need To Know about CPP, by Hervin Pasa.   We hope you enjoy this educational video, but more importantly, do something with it.   We help our clients create sustainable,. . .

Retirement Income Planning, Calgary
  • Sep 24, 2022
  • Willis Langford

CPP Benefits for Spouses, Children & The Disabled

You can't benefit from what you do not know. And, when it comes to your CPP benefits it is up to you to know what you can benefit from. They do not have a person in Ottawa reviewing the files of Canadians to see if they are entitled to more. . .

Retirement Income Planning, Calgary
  • Jul 07, 2021
  • Willis Langford

The 5-Year GIS Strategy Starting At Age 65

The following is a multi-year GIS tax-free income strategy that anyone who doesn't have a DB pension can use. It requires some pre-planning and prep work in advance of turning 65. Although this strategy can be utilized by anyone, it is best. . .

Retirement Income Planning, Calgary
  • Jun 29, 2021
  • Willis Langford

Everything You Need To Know About Your Government Benefits

Now Online Access For You   Our Entire Presentation is now online for free:    "Everything You Need To Know About CPP, OAS, GIS, PRBs, & More"   This is a 6 part presentation and you will receive 6 emails over the course of. . .

  • Dec 03, 2020
  • Willis Langford

In The Media and Around the Web

Globe and Mail Articles   Decluttering a tangled mix of stocks, bonds, and mutual funds is a must before retirement    Feel-good funds with positive returns draw legions of responsible investing fans - Toronto Star How much money. . .

Retirement Income Planning, Calgary
  • Oct 28, 2020
  • Willis Langford

3 Examples of When it Makes Sense To Delay Collecting CPP?

In many cases, it makes sense to take CPP at age 60. Remember, if you take your CPP at age 65 you get 100% of your entitlement. If you take it at age 60 your benefit is reduced by 36% (. 6% for each month) If you delay taking your CPP to age 70, you. . .

Retirement Income Planning, Calgary
  • Oct 27, 2020
  • Willis Langford

Over 65, Collecting CPP and Still Working? Why It Makes Sense To Keep Making Contributions

If you are between the age of 65 and 70 and still working you have an opportunity to continue to contribute to CPP and earn as much as 18% returns on those contributions as Post Retirement Benefits - guaranteed and indexed for the rest of your. . .

  • Oct 09, 2020
  • Willis Langford

Collecting CPP But Still Working? Understand Your Post Retirement Benefits

  What are PRBs? The Post-Retirement Benefit (PRB) program allows Canadians who are over 60, receiving the CPP but still working and contributing to the CPP, to receive additional benefits for their contributions. The program started. . .

Retirement Income Planning, Calgary
  • Sep 20, 2020
  • Willis Langford

Are CPP Contributions Worth It for the Incorporated Business Owner?

Are CPP Contributions Worth It for the Incorporated Business Owner? A Case Study in the Cost/Benefits Analysis of business owners making CPP Contributions Current Situation with new 2021 numbers  The CPP program is a pension plan that was. . .

Retirement Income Planning, Calgary
  • Sep 01, 2017
  • Willis Langford

Over 65 and Still Working? Are You Needlessly Paying CPP Contributions

What will happen if you have made the maximum CPP contributions are still working and decide to delay taking your CPP past age 65? Your CPP benefit is based on how much you contributed to the plan for the 47 years between the ages of 18 - 65. . . .

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