A report from the Canadian Institute of Actuaries looks at claiming CPP at age 70 vs age 65
A paper from the C.D. Howe Institute makes several recommendations
Fund returned 1.1% after costs during the quarter
The pension fund beat its benchmark with a net return of 8.9%
In the short term, self-employed and business-owner clients probably will feel the negative effects of the CPP's expansion. In the longer term, the changes will result in a significant increase in CPP benefits
The increase of 2.7% to $57,400 from $55,900 was calculated according to a formula that takes into account the growth in average weekly wages and salaries in Canada
Business owners surveyed by the CFIB want the overnment to delay CPP expansion pending a review of other options
The changes cover child-rearing as well as survivor and death benefits
Finance ministers agree to introduce “drop-in” mechanism to protect the value of retirement benefits during periods of low or no earnings
The U.K.-based company is a digital distributor of insurance and financial services