Universal healthcare is often touted as a perk of being Canadian. But for Canadian retirees — and for Canadian employees, for that matter — putting extra money aside for healthcare in another country might be a wise move. Although Canada spends more on healthcare than nearly all comparable countries, it ranks low in performance, finds […]
If Canadians continue to work well past their fifties, advisors may have to alter how they approach retirement planning. More employed people are 55 or older, reports Canadian Business, citing data from StatsCan’s recent labour survey. The number of workers aged 55 and older grew by 57,000 from August to September 2016, and by more […]
This story was originally published by Benefits Canada. Canada’s retirement system maintained its score of a B on the 2016 Melbourne Mercer Global Pension Index, indicating a sound structure, many good features and some areas of improvement. To improve, Canada could develop a product for employees without a workplace pension plan, increase savings levels for […]
Research shows that most Canadians aren’t prepared for retirement, and a recent BMO report reveals business owners are no different. In fact, they’re considering increasing savings or selling their businesses to help reach their retirement goals. Read: Changes to corporation taxation: what you need to know The report’s highlights include: Many business owners (72%) have […]
Canadians are working longer than ever, either by necessity or by choice. But public policy is still stuck on old ideas about aging and retirement.
By 2051, retirees are expected to represent a quarter of Canada’s entire population, and by 2030, roughly 80% of new housing demand will come from people entering retirement, according to a Conference Board of Canada report covered by sister publication Canadian Business. Read: Advisors enhance retirees’ happiness And that new housing won’t look like your […]
If your clients have ever worked in the U.S., they might have a 401(k).
Ways to avoid common tax pitfalls
Defined benefit pensions may be a pipe dream rooted in the past, but governments and employers haven’t created a suitable alternative—and workers deserve better.
Germany's central bank argues the country's retirement age should be raised by another two years.