The Canada Pension Plan is a powerful benefits that Canadians get to take advantage of in retirement. As you probably know, you can start receiving CPP payments as early as age 60, or wait until as late as age 70, with 65 being the “normal,” expected age. So when is the best time to start taking CPP? The answer depends on your personal situation, but if any of the following scenarios describes you, the answer might be age 60.

Interest rates have been near historic lows for several years now, as the government has tried to stimulate the economy in the wake of the pandemic. Now that that appears to have worked, though, the Bank of Canada has signaled that it’s going to be raising interest rates several times throughout this year. Here’s what that means for you and your money.

Given it’s a new year and many folks having “paying off debt” at the top of their list of New Year’s resolutions, I thought I’d dust off and update one of my older articles. If you’re like the majority of Canadians, you have multiple types of debt on your books. Maybe you have a mortgage, a car loan, a line of credit and a credit card. With Canadians currently owing almost $1.59 for every dollar they earn according to data from Stats Canada, it’s no wonder one in three Canadians reported feeling overwhelmed by their debt. So where do you start if you want to try and get out from underneath all that crushing debt?