Monday, December 10, 2018
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Retirement Information

Questions about your pension are best answered by a pensions specialist. The Ontario Teachers’ Pension Plan Board provides this service on line and by telephone. As well, you can sign up on the site to receive the newsletter Pension News electronically.

The OTPP site also provides a wealth of information on the investments and governance of the plan.

Should you take your Canada Pension (CPP) at 60? General information on the Canada Pension Plan and the necessary forms are available at the Human Resources and Social Development Canada website. Until you are 65, CPP is added to your teachers’ pension. Once you are 65, the CPP is integrated with your OTPP. Click here for the information.

The RTO/ERO Pension and Retirement Concerns Committee prepares fact sheets on a variety of topics of concern to seniors and retirees. These are regularly updated, to provide members with timely and accurate information. Tax tips is an annual information sheet which is of interest at tax time. Issues covered in Tax Tips include: rental properties and real estate, pension income splitting, taxation of capital gains, RRSPs, tax rates, various tax credits and foreign investments. (Persons using this information for tax planning are cautioned that the full application of these tax tips is best done with the advice of their tax advisor. Neither RTO/ERO nor its employees or agents are tax advisors.)

RTO/ERO District 48 will offer a Retirement Planning Workshop to all education employees looking to retire in the next little while. If you wish to take part, click here to enrol online.