Description

Retirement doesn’t mean disengaging from the workforce or your community; in fact, staying active can improve mental and physical wellbeing. We’ll examine the pros and cons of working in retirement—whether parttime, contract or self-employed. The session will outline how CPP contributions are mandatory if you work and collect CPP between 60 and 65 and optional after 65. We’ll also explain how higher employment income could trigger OAS clawbacks. Participants will learn how to balance extra income with potential tax implications and how employment affects other benefits. Volunteering offers another way to stay engaged without complicating benefits. We’ll discuss how volunteer roles can provide purpose, social connection and skill development—advantages that may reduce health care costs and improve life satisfaction. Attendees will get tips on choosing volunteer opportunities aligned with their passions, whether mentoring youth, sharing professional skills with non profits or contributing to community boards. The workshop will emphasize that both paid and unpaid activities can keep retirees mentally sharp and socially connected, and participants should evaluate financial and lifestyle goals to decide which path (or combination) suits them best. Presented by the Canadian Foundation of Economic Education (CFEE).