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Retirement Age - Usually 10 years prior to normal retirement
age (Also see Normal Retirement Age).
Earned Income - For most people, it is the same as salary before
deductions for income tax, CPP/QPP, EI, etc withheld at source. Earned
income also includes business income and other incomes such as CPP/QPP
disability pensions, research grants, royalties, etc. Earned income does
not include most investment income, pension benefits, and such.
Employer matching contribution - The amount that a company contributes
to its employees' retirement accounts, typically in proportion to each
employee's contribution.
Estate - In general terms, it refers to the extent, nature and
quantity of interest a person has in real property. It also refers to
all the assets owned by the person at death, to be distributed according
to the person's will. |
