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In Canada, pension benefits, known as The Canada Pension Plan or CPP, start from age 60. Some people may wonder if it is beneficial to start receiving the payments this early on, or if it's better to defer the benefits for another few years.
There are many reasons one may choose to close a bank account. You can do it by visiting your nearest branch in-person, or you can close an account over the phone or online. Before you close your account, you will need to take care of a few things.
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Health spending accounts allow employees to cover most medical expenses including dental, physio, therapy, and more. However, some medications, cosmetic procedures, and fitness-related expenses are not covered.
A trust fund is a legal arrangement for managing and protecting assets. Trust funds can be used for various financial needs such as avoiding probate, saving taxes, passing assets to minors or disabled children, and securing assets for blended families.
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