Canada Pension Plan – increasing contributions

by | Feb 18, 2014 | Finance

Let’s talk about the Canada Pension Plan or the CPP. What is it? It’s a government backed retirement plan that provides funds after 65 (or 60 at a lower rate) if you have worked in Canada.  The amount you get is dependent on the amount you contributed...

Retirement Savings & Compound Interest

by | Sep 20, 2013 | Finance

So, I want to discuss something that is dear to me.  Compound interest and retiring. Did you know that if you can get a 10% return on your investments, your initial investment will double every 7 years? Or flip it around, if you get 7% interest; your money doubles...