Withdrawals exceeded contributions, but strong markets boosted pension assets
CPP premiums are set to increase on Jan. 1, 2021
Delaying CPP is best for clients in the long run, but advisors can increase their compensation when clients take the benefit early, according to new research
The RRSP dollar limit has also been updated
The pandemic may cause your clients to rethink when to claim government benefits
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