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.
Fiscal sustainability is a hot topic these days. Lately it has entered discussions about Canada’s upcoming federal budget, as well as the Report of the Commission to Reform Ontario’s Public Services headed by Don Drummond.
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.
The RRSP deadline has come and gone. And here are the results. Only four in ten Canadians made the RRSP contribution for 2011, according to BMO Annual Post-RRSP Deadline Study.
Would increased CPP actually increase savings?
The final countdown to the 2011 RRSP contribution deadline has begun. With less than 24 hours to go, Canadians are fast running out of time to make a RRSP contribution in order to take advantage of valuable 2011 tax breaks.
The 2011 RRSP contribution deadline is rapidly approaching, and today, BMO experts hosted a media panel to share strategies and insights on how your clients can get the most out of their investments.
Demographics and rising house prices have pounded Canada’s RRSP contribution rates back to levels last seen in 1970, according to the RBC Economics 2012 RRSP Report.
Many Canadians are skeptical about financial institutions and advisors and therefore are more likely to view retirement planning as confusing and difficult.
If you want to make an easy job seem mighty hard, just keep putting off doing it. When it comes to saving for retirement, most Canadians are doing just that.