Retirement Planning & Savings - Retirement Benefit - Canada

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RE: Retirement Benefit

Postby elaine8888 » Thu Apr 18, 2013 03:00:57 AM

my uncle was self employed and the only retirement money he is getting is what his tax and Investment people set up for him Now he has been retired awhile and maybe the rules have changed
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RE: Retirement Benefit

Postby RobertJHardy » Wed Apr 17, 2013 11:03:45 PM

Most of the period of retirement with certain amount of anxiety because the anticipate sharp drop in income.Retirement Benefits are different -different.Pension, General Provident funds etc.The period of Pension is 10 years and All permanent Government servant are eligible to subscribe to the fund.
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RE: Retirement Benefit

Postby AlysaLee » Thu Aug 11, 2011 04:31:03 AM

Your retirement benefit payment is based on how much you earned during your working career. Higher lifetime earnings result in higher benefits. If there were some years when you did not work or had low earnings, your benefit amount may be lower than if you had worked steadily.
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RE: Retirement Benefit

Postby montyloree » Mon Apr 06, 2009 10:15:35 AM

Hmm... that is a good question...
Being self employed, I don't know the answer to that.

It would be nice if a tax expert would help out on this question.
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Retirement Benefit

Postby adamawdi » Tue Mar 24, 2009 03:56:36 AM

Dear sir;

I am a Canadian who left Canada around 20 years ago. I only worked and paid Canadian tax for 3 years.

Now I want to return back to Canada to retire.

The question is:

Can I pay a lump sum to Canada Tax so I can be receive retirement benefits
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