Depending on your pension when you retire, you may be receiving a lump sum payment, so the Financial and Consumer Affairs Authority is offering some advice.
FCAA Pension Division Director Leah Fichter says there are resources to help you figure out what to do with that lump sum.
She advises to talk to a professional who has experience managing people’s retirement money.
Make a budget so you can track your income and expenses and talk to your pension plan administrator to learn about what you have available to you for planning your finances.
Know Your Pension And Plan Your Retirement
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The Candian government wants the country’s banks to identify, in customers’ bank statements when they receive the carbon rebate, that it is labelled as such.
Environment Minister Steven Guilbeault says the lack of a clear identifier is contributing to confusion about carbon price rebates, so he is going to change the law if he has to in order to force the big banks to identify the carbon rebate by name when doing direct deposits.
The first rebate deposits in 2022 were labelled very generically, which meant recipients had no idea why they were getting the money.
T-D and B-MO have adopted the government’s requested “CdaCarbonRebate” entry, R-B-C and Scotiabank say they couldn’t make the change in time for the rollout, and C-I-B-C is still calling it “Deposit Canada.”