Knowing the best time to apply for CPP depends on how long you think you'll be alive
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: […]
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 […]
Canadian pension plans lost some of their first quarter gains in the second quarter of this year, as concerns over the European debt crisis and a weakening global economy pushed Canadian equities lower, according to a survey by RBC Investor Services. Within the $410 billion RBC Investor Services All Plan universe, Canadian DB pensions fell […]
IPPs are still an effective way to defer tax, and incentivize employees
Individual pension plans: a potent source of retirement income
Canadian pension plans struggled in Q2 2012, says both Mercer and Towers Watson in a new report. Plummeting bond yields and weak equity markets in May, combined with low long-term interest rates, contributed to poor performance.
With the proliferation of registered investment vehicles—RRSP, TFSA and soon the PRPP—it may be time to do your due diligence on the newest kid on the block.
Quebec has announced it will introduce voluntary retirement savings plans (VRSPs), targeted at small and medium-sized enterprises and the self-employed. VRSPs will come into force on Jan. 1, 2013.
It appears American investors are keen for target date funds (TDFs), as nearly one in four 401(k) plan participants invest solely in TDFs, according to Vanguard’s Target-Date Fund Adoption in 2011 report.