For Costco shoppers, you may have heard the news that Costco has replaced American Express with MasterCard and using Capital One as the issuer. The rumour is that the two large publicly traded companies, Costco ($55B market cap) and American Express ($95B market cap), could not come to terms on transactions fees. The official news…

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Typical employer pensions are defined contribution based where they match your RRSP up to a certain percentage of your salary.  For example, my previous employer offered 5% RRSP matching which means that if my salary was $50,000, they would match up to $2,500 in RRSP contributions for the year.  It’s a great deal because it’s…

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A government based defined benefit pension is considered the gold standard of retirement benefits.  The requirement is that you need to work for the government for 25-30 years, contribute a small portion of your salary towards the pension and in return, you get 60-70% of your working income monthly (some pensions are even indexed to…

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