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5 reasons I save with Saskatchewan Pension Plan

Posted by on Feb 20, 2015 in Retirement, Saskatchewan Pension Plan | 0 comments

19 February 2015 By Sheryl Smolkin Four years ago I wrote an article for the Toronto Star about the Saskatchewan Pension Plan called Is this small pension plan Canada’s best kept secret? Subsequently I was asked to help SPP implement a social media plan and started blogging weekly on savewithspp.com. I learned that the plan is open to anyone between ages 18 and 71 who has registered retirement savings plan contribution room, regardless of where they live in Canada. Although I receive a defined benefit...

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Feb 16: Best from the blogosphere

Posted by on Feb 20, 2015 in Consumer savings, Retirement, Saskatchewan Pension Plan | 0 comments

16 February 2015 By Sheryl Smolkin   The days are getting a little longer, Valentine’s Day was this past Saturday and in Alberta, Ontario and Saskatchewan it’s a long weekend. So there is lots to be happy about in spite of the never-ending winter. But politicians who commit serious crimes won’t be happy because the Bill to revoke politicians’ pensions passed in the House of Commons would apply to future occasions when an MP or senator is convicted of crimes such as bribery or fraud. But...

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How much of your savings can you tax shelter?

Posted by on Feb 19, 2015 in Retirement, Saskatchewan Pension Plan | 0 comments

12 February 2015 By Sheryl Smolkin Saving for retirement or any other important goal like a home purchase or your child’s education is not easy. But if you are able to deduct your annual contributions from taxable income and/or accumulate investment earnings tax-free, the balance in your accounts will accumulate much faster. Most Canadians have heard about and save in at least one of the following registered accounts: Registered Retirement Savings Plans (RRSPs), pension plans, Tax Free Savings Account...

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How to finance an engagement ring

Posted by on Feb 10, 2015 in Consumer savings, Tangerine | 0 comments

Tangerine Forward Thinking By Sheryl Smolkin February 9, 2014 For some couples Valentine’s Day is extra special because it’s the day they got engaged. If you’re planning to pop the question sometime this year, you may be pondering how much you should spend on an engagement ring and how to finance it.In the 1930’s an advertising campaign by the De Beers diamond company inextricably linked diamonds with marriage proposals. Ever since, many prospective brides have considered a diamond ring on their...

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What’s the RRSP Lifelong Learning Plan (LLP)?

Posted by on Feb 10, 2015 in BrighterLife, Retirement | 0 comments

Whether you want to enhance your existing credentials or embrace a new career, the Registered Retirement Savings Plan Lifelong Learning Plan (RRSP LLP) can help you pay for the education or training you need. The LLP lets you withdraw up to $10,000 per year to a maximum of $20,000 tax-free from your RRSP for you or your spouse to pay for a full-time program (or a part-time program, if the student is disabled). You can’t use the program to finance your children’s post-secondary education, though...

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Feb 9: Best from the blogosphere

Posted by on Feb 10, 2015 in Consumer savings, Retirement, Saskatchewan Pension Plan | 0 comments

9 Februaru 2015 By Sheryl Smolkin   Well it actually reached +1 degree yesterday and I had a “spring” in my step. However its back to -15 plus who knows what wind chill, so I’ve had to downsize my expectations and put on another layer. Even in his new sweater, our cockapoo Rufus says it’s too #’%!@ cold to stay out for long. By the way, if you’ve never watched the Rick Mercer clip RMR: Seven Day Forecast – YouTube, it’s a “must see” that will warm up your day. I’ve just...

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SPP Flourishing, says General Manager Katherine Strutt

Posted by on Feb 10, 2015 in Retirement, Saskatchewan Pension Plan | 0 comments

5 February 2015 By Sheryl Smolkin     Hi, today I’m very pleased to be talking to Katherine Strutt, General Manager of the Saskatchewan Pension Plan. Since I first spoke to Katherine for savewithspp.com in December 2010, she has been featured numerous times in print, on radio, and on TV. But when I realized it’s been four years since I formally interviewed her, I decided it was time to ask Katherine to bring savewithspp.com readers up to date on some more recent SPP developments. Welcome,...

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Feb 2: Best from the blogosphere

Posted by on Feb 10, 2015 in Consumer savings, Retirement, Saskatchewan Pension Plan | 0 comments

2 February 2015 By Sheryl Smolkin   It was the dead of winter in my neck of the woods last week, but that didn’t stop bloggers and personal finance writers across the country from writing and tweeting to stay warm. In particular, the blogosphere was buzzing about the “first world problems” of Vancouver couple  Eric and Ilsa (a doctor and a dentist) with five kids and earning potential of $450,000/year who can’t make the numbers work to build a house in pricey Vancouver. In a disconcerting...

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Jan 26: Best from the blogosphere

Posted by on Feb 10, 2015 in Consumer savings, Retirement, Saskatchewan Pension Plan | 0 comments

26 January 2015 By Sheryl Smolkin   This week we picked up a series of interesting blogs from both bloggers who have previously appeared in this space and several who are new to us . I was particularly interested in Four reasons you should still take CPP early from Jim Yih at Retire Happy. In his example comparing twins, one who takes CPP early and one who waits until age 65, he calculates the “break even age” as 74.4. Keeping in mind that the earlier years of retirement are when retirees spend...

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How much will I get from CPP?

Posted by on Feb 10, 2015 in Retirement, Saskatchewan Pension Plan | 0 comments

29 January 2015 By Sheryl Smolkin   A pension from the Canada Pension Plan (CPP) is an important foundation on which most Canadians will build their retirement income. Therefore it is important to understand how much you will be entitled to at retirement.[i] The maximum monthly amount you can receive if you retire at age 65 in 2015 is $1,065. Service Canada reports that in October 2014 the average pension for new beneficiaries was $610.57. That’s because applicants only got a full pension if they...

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