Author Archives: Tammy Buss

Update on the Ontario Registered Pension Plan (ORPP)

Pension (ORPP)

Today the Ontario government has announced a contribution delay for the Ontario Retirement Pension Plan (ORPP). The new date for contributions for Wave 1 (over 500 employees) is now Jan. 1, 2018.   Read the full press release here

We will continue to update you as information is released about the ORPP. When regulations are available, we will interpret them and provide our analysis to you to help assist you or your clients with the decision-making process. 

Please feel free to contact us with any questions.

Happy Retirement Pat!

Happy-Retirement-Pat

Congratulations Pat Currie on her retirement from Buss Financial Group. Pat has been with us since 2002 and has been an invaluable member of our team!

She will be greatly missed by her coworkers, our brokers and our clients. We wish her all the best as she moves into this exciting new phase of her life!

ORPP Design Details Announced

Businessman Holding Nest Full Of Golden Eggs

The Government of Ontario has announced additional details on pension plan comparability regarding the Ontario Retirement Pension Plan (ORPP).

For details click HERE.

Changes to RRIF Withdrawal Minimums May Benefit You!

Changes-to-RRIF-Minimums

On April 21, 2015 the Canadian Government’s Economic Action Plan 2015, introduced lower withdrawal minimums for RRIFs starting in 2015 and going forward for clients between ages of 71 to 94.

The impact of this change should be minimal as most companies will continue to payout their previous RRIF minimum amount for 2015, and make the new reductions effective in January 2016.

If you would like to take advantage of the lower RRIF minimum, give us a call and we will help you facilitate it.