As we all know, the primary focus of CEIRP is to help you save for a comfortable retirement. So, when you’re getting close, what comes next? Our plan provider Canada Life has posted a great article about the process on their website (How to decumulate your assets in retirement). To get you started, we’ve [...]
This is the magical time of year when everything is waking up from a long winter’s slumber. The birds are nesting, tulips are blooming and trees are budding. Spring fever is definitely in the air. It’s also the time of year when some couples consider the next phase of their relationship, like planning weddings [...]
Questions have been raised regarding Canada Life’s policy regarding tax slips and statements. As a reminder: Prior to September 2022, when members logged into My Canada Life At Work, they were prompted to accept the new Terms & Conditions which included receiving electronic statements, tax slips, etc., where available. If members have NOT logged [...]
Twenty years ago, when CEIRP was first created, the purpose was simple — to help members to save for a comfortable retirement. Each of us have a dream of what our retirement might be like. Maybe it’s spending your time with friends and family. Or travelling the world. Or you might choose to take [...]
Canada Life has launched a new webpage that you can bookmark to see the dates of upcoming multi-employer education sessions. You can also enter your email address to get notification of when registration opens, which is great for those members who either didn’t provide an email address to Canada Life or who opted-out of [...]
Looking for your RRSP contribution tax receipts? Find them on My Canada Life at WorkTM When tax season arrives, your tax receipts indicate the amount of RRSP contributions you can claim. To find the tax receipts related to your group RRSP: Sign in to your group savings plan at mycanadalifeatwork.com From the menu on the [...]
2024 is a leap year – which means you have until Feb. 29 to contribute to your registered retirement savings plan (RRSP). Why contribute? Putting money into an RRSP can help lower your income taxes today, while saving for tomorrow. Also, money saved in an RRSP grows tax-free. You’re taxed only on the withdrawals [...]
Back when the minutes were ticking away the old year, were you thinking ahead to your new year’s resolutions? Now that we’re almost done with January, there’s one new habit you should adopt: review your investor risk tolerance. It’s very simple: just redo the investor risk questionnaire to see if your investment objectives are [...]
We can all agree that the last few years have been difficult. Sometimes, our financial challenges may not have been just about our income. More often than not, it’s been tied to the decisions we make about how we use our money. And those decisions can be emotional, too. For example, we take pleasure [...]
The first step to managing your debt is to understand the difference between good debt and bad debt. Good debt helps you to build on an asset, like your mortgage or to finance your education. Bad debt occurs when you borrow money to purchase an item that reduces in value over time. Credit card [...]
