Most people have a story about a parent or grandparent that bought a house for very little money 30 years ago and its worth a significant amount today. Stories like this can be misleading. Making 300% on your house sounds good in theory, but only if you don’t go back and crunch the numbers. Add up the amount of money that they’ve put into the house and then add in inflation… the results might not be as desirable as they first seem.
Though not something many people want to think about, planning for the death of a spouse or common law partner is an essential part of a financial plan. Unfortunately, many people are shocked when they realize that the survivor benefits that they receive from the government may not be as much as they were expecting. Below is a quick guide to CPP survivor benefits and how much you can expect to receive.