The solvency of Canadian pension plans has improved, but it may not be enough.
Small biz clients should be aware of how the laws governing pension and benefit programs have changed.
Employees have to sit up and take notice of their available workplace plans.
Critics of PRPPs are concerned about low-income workers.
Canadian finance ministers have realized Canadians aren’t saving enough for retirement.
Canada is not facing a retirement crisis, according to a new book by Fred Vettese and Bill Morneau of Morneau Shepell.
A survey of Canadians by Manulife Financial found that respondents were twice as likely to support a Pooled Registered Pension Plan (PRPP) (64%) than increase their CPP or QPP contributions (34%) as a way of saving more for retirement.
More Canadians are saving money (70%) to prepare for retirement, and many are also taking a more holistic approach by paying off debt (66%), finds an RBC poll. Figuring out what regular expenses would be (45%) and building up an investment portfolio (39%) were the next most common activities. Also, this year’s study found more […]
As clients live longer, so must their savings.
The government’s recent decision to hike TFSA contribution room by $500 has sparked fresh debate on the relevance of the savings vehicle for debt-saddled Canadians.