Retirement

How do you define retirement?

People are living longer, working later into their lives, and spending a larger portion of their lives in retirement than previous generations, says TD. For many Canadians, retirement isn’t just about leaving the workforce anymore. Read: Boomers keep a keen eye on retirement “You can choose to continue working part-time, consult, volunteer, go back to […]

By Staff |September 10, 2012

1 min read

Industry

Canadians aren’t saving enough

Fewer Canadians are living pay cheque-to-pay cheque (47% versus 57% last year), finds Canadian Payroll Association (CPA). And in 2012, 66% were able to increase their savings, up from 40%. Read: Half of Canadians don’t have emergency savings: CIBC But although more people are saving, the rate of savings remains low. Almost half (46%) are […]

By Staff |September 6, 2012

1 min read

Tax News

Are you ready for PRPPs?

Declining pension coverage, shrinking nest eggs and persistent financial instability have shifted Canadians’ retirement focus from enjoying freedom to financial survival.

By Staff |September 5, 2012

1 min read

Planning and Advice

CPP and life expectancy

Knowing the best time to apply for CPP depends on how long you think you'll be alive

By Maureen Glenn |September 4, 2012

2 min read

Public pensions erode essential services: CFIB

Enrolments in public sector pension plans are growing at double the rate of those in the private sector. Canadians could face higher taxes and reduced government services as a result, says a new CFIB report. “The public sector has grown rapidly over the past decade, becoming increasingly unsustainable,” says Ted Mallett, CFIB’s chief economist. Read: […]

By Staff |August 22, 2012

1 min read

Half of Canadians don’t have emergency savings: CIBC

Almost half of Canadians (45%) don’t have an emergency savings fund, meaning an unexpected expense could have them dipping into RRSPs or taking on debt, finds a CIBC poll. Read: How to protect emergency savings Additional findings include: “For younger Canadians who are just starting out financially, building an emergency fund should be a priority, […]

By Staff |August 13, 2012

1 min read

PRPP regulatory proposals published

The Harper Government has pre-published regulatory proposals to address provisions of the Pooled Registered Pension Plans Act (Bill C-25), says Ted Menzies, Minister of State (Finance). “These proposed regulations take us one step closer to a new large-scale and low-cost defined contribution pension option for millions of Canadians currently without access to a workplace pension […]

By Staff |August 10, 2012

1 min read

Standard Life launches PRPP and retirement hub

Standard Life has launched a new Pooled Registered Pension Plan website, given that retirees and aging clients are starting to seriously consider their wealth accumulation options. Read: An advisors guide to PRPPs The Canadian industry is waiting for a number of details to be determined by governments, including criteria that’ll determine the administrative costs of […]

By Staff |August 3, 2012

1 min read

Retirement

How do you define retirement?

Canadians aren’t saving enough

Are you ready for PRPPs?

CPP and life expectancy

Public pensions erode essential services: CFIB

Half of Canadians don’t have emergency savings: CIBC

PRPP regulatory proposals published

5 risks to retirement income

Learn from 3 policymaker mistakes

Standard Life launches PRPP and retirement hub