The ORPP is "a harebrained idea," says Dr. Jack Mintz, economist and fellow at the University of Calgary.
Four in ten Canadians overspent during the summer, says survey, with 29% of that group significantly overshooting their budgets.
Across the globe, wealth inequality is a persistent problem.
Mackenzie Investments is changing the distributions for the Mackenzie Monthly Income Balanced Portfolio and Mackenzie Monthly Income Conservative Portfolio.
To explain decumulation to clients, ask them to picture a house, explains Don Ezra, director emeritus, global investment strategy, at Russell Invetsments.
The federal program offers funding for business clients so they can train new and existing employees.
Good investments aren’t the only way to generate returns for clients.
More than one-third of working Canadians believe that there is a serious risk that they will outlive their savings compared with only one in seven retirees.
Ever wonder how your clients’ incomes compare to other Canadians?
Despite the appeal of a guaranteed annual income, it's unlikely to happen.