Upcoming Canada Pension Plan (CPP) changes

There are several changes that are coming to effect in 2012 for CPP. Here are some of the links that provide details on the changes.

http://www.hrsdc.gc.ca/eng/oas-cpp/changes.shtml

http://www.moneyville.ca/article/935873--how-cpp-changes-may-affect-you?bn=1

http://www.moneyville.ca/article/915043--retire-now-or-later-how-cpp-changes-affect-you

https://dir.rbcinvestments.com/pictures/account-tom.caldwell/cpp%20changes.pdf

http://www.hrsdc.gc.ca/eng/oas-cpp/changes.shtml

Plan your retirement income

Have you ever thought of retirement?  What sources income you would receive when you retire and how much you have to save to have a comfortable retirement?

Sources of income

1.    Old age pension

2.    Canada pension plan (CPP)

3.    Company pension

4.    Retirement Income Fund (Converting your RRSP)

5.    Income from your investments out side RSP or RIF

6.    Rental Income if you have rental properties

Here is an interesting article about “How much money do I need to retire?” at  Canadian Finance Blog.

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