| Spring - Summer 2012 |
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National Bank Ranked Fifth Strongest Bank in the World!
 National Bank has once again been named one of the strongest banks in the world, clinching fifth spot worldwide and third in North America, according to the internationally renowned Bloomberg Markets magazine. [...]
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 How Will the Changes to the Quebec Pension Plan (QPP) Affect You?
In December 2011, the National Assembly of Quebec adopted new measures for the Quebec Pension Plan (QPP) in order to encourage experienced workers to remain in the labour force, among other things. Bill 39 will gradually amend the QPP and may affect, for instance, when you are eligible for your pension and rules regarding retroactivity. [...]
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What Are Your Options When You Cease Participating In A Defined Benefit Pension Plan?
When members of defined benefit pension plans leave or lose their jobs, they have two choices:
- keep their rights to a deferred pension; or
- transfer the current value of their pension. [...]
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Buybacks Require Careful Planning
 Employees who participate in a registered pension plan (RPP) have the option of buying back one or more years of prior service for the years when they did not contribute to their plan. This buyback enables them to increase the amount of their future pension or to retire earlier. However, the resulting tax impacts vary depending on the payment method and the period of past service bought back. Analyzing the impacts of a buyback is complex. It is therefore important to understand the terms and conditions in order to make an informed decision. [...]
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Time To Retire Or Time For A Vacation?
 Surveys—and probably the people around you—say that it is difficult to really understand what life after retirement is like. How can you know if you are ready to take this major step? The question may cross your mind when you celebrate your 60th or 65th birthday, during a business meeting where you are one of the oldest participants, during a period when your health is fragile, or after having determined that it is no longer financially worthwhile to keep working. Whether you like it or not, the question will eventually come up! [...]
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© 2012 National Bank of Canada. All rights reserved. Any reproduction in whole or in part is strictly forbidden without prior written consent from National Bank of Canada.
The information and opinions herein are provided for information purposes only and are not intended to give specific legal, financial, accounting, tax or investment advice. National Bank of Canada has taken the necessary measures to ensure the quality and accuracy of the information contained herein at the time of publication. It does not, however, guarantee that the information is accurate or complete, and this communication creates no legal or contractual obligation on the part of National Bank of Canada or its subsidiaries.
The word and/or design marks, MORNINGSTAR and CANADIAN INVESTMENT AWARDS, are the property of Morningstar, Inc. and are used with permission. |
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