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Self-employed taxpayers who are receiving a CPP retirement pension must continue to contribute to CPP until they are at least 65.
The rules differ for spousal and child support, as explained below.
According to a Canadian Institute of Actuaries (CIA) study published by advisor.ca, the life expectancy of a 60-year-old male today has increased by 2.9 years (from 24.4 to 27.3 years), while the life expectancy of a 60-year-old female has increased by 2.7 years (from 26.7 years to 29.4 years).
With back-to-school just around the corner, there are several important recent tax issues for students that will be helpful to keep in mind for the year ahead.
The Canada Disability Savings Grant can add significantly to the pensions set up for disabled individuals through the Registered Disability Savings Plan (RDSP).