On March 3, 2011, the Ontario government released draft regulations regarding the division of pension assets on marriage breakdown. Public comments are invited up to April 18, 2011. The new rules may be proclaimed into force as soon as July 1, 2011. The new regulations will require administrators to: 1. Provide a new type of […]
The pooled retirement pension plan (PRPP) scheme announced last year represents a positive first step toward ensuring all Canadians have sufficient opportunity to save for retirement, according to Christopher Brown, president of the Association of Canadian Pension Management. But, he says, this has to be just part of the solution. “Governments are clearly engaged in […]
An overwhelming majority of Canadians say they want a program that makes it easier for employers to offer a pension plan, according to a Research House survey commissioned by the Canadian Life and Health Insurance Association (CLHIA). The results show 90% of Canadians support the federal government’s proposal to improve employer access to pension plans […]
Towers Watson today released its 30th annual Canadian Survey of Economic Expectations, predicting mostly growth in a low interest rate environment. The survey is based on data gathered from mid-November to early December 2010 and provides projections from leading business economists, analysts and portfolio managers from more than 45 organizations. The Outlook Most survey respondents […]
2010 was a good year for the Canadian economy. “Canada was one of the first G7 nations to climb out of the recession,” said Mark Fieldhouse, principal, investment consulting practice, with Mercer, speaking today at Mercer’s 2011 Fearless Forecast at The Toronto Board of Trade.
With its new plan, Great-West Life is targeting businesses with fewer than 35 employees.
As the clock keeps on ticking, Canadian baby boomers are beginning to fret more and more.
There are many parts of the Income Tax Act (ITA) where relevant distinctions are made as to income sources and taxpayer circumstances. Then there are the pension income splitting rules, which suffer from irrelevant source distinctions and in turn lead to discriminatory treatment of many taxpayers.
Federal Finance Minister Jim Flaherty appears set to discard the option of enhancing the Canada Pension Plan, heading into the meeting with his provincial counterparts in Kananaskis, Alberta. Last week Flaherty proposed a private sector solution to Canada’s future retirement funding crisis, which would allow workers without a pension plan to contribute to a pooled […]
One in six retirees are currently without the financial resources to replace three-quarters of their pre-retirement consumption, the amount often used as the basis of retirement planning. That number is expected to increase to at least two in five over the next 40 years, according to a study released today by the C.D. Howe Institute. […]