While many Canadians may be jittery about equity markets these days, they still see the value in socking away cash for their retirement, according to the annual Investors Group survey of investors’ RRSP intentions.
The advice industry's response to the newly introduced Pooled Retirement Pension Plan (PRPP) continues to be, at best, mixed.
The newly re-introduced Pooled Retirement Pension Plan (PRPP) may be touted as the cure-all for all Canada's flailing retirement savings system, but a rather unimpressed advice industry regards it as just another tool.
Whether your client is heading into retirement or just wants to supplement their paycheque, the demand for income planning will only rise.
The federal government this morning introduced the much-anticipated Pooled Registered Pension Plans (PRPP) Act to address concerns over declining pension coverage for Canadians.
Savvy advisors have taken the time to understand Individual Pension Plans, seeing them as a value-added service for existing and prospective clients recognizing they may be the new frontier in the asset accumulation cycle.
Business owners face some tough choices. They could sell their business outright to fund retirement, but if they want to keep it in the family, that could prove problematic. Enter the advisor who understands the Individual Pension Plan (IPP).
Under the current Canada Pension Plan (CPP) rules, employees and employers are not required to pay CPP contributions for employees who are working while collecting CPP. However, effective Jan. 1, 2012, if an employee is under age 65 and continues to work while receiving CPP, both the employer and employee will be required to make CPP contributions.
How Canadians save for retirement may be as, if not more, important than how much they save, this according to a new report by the Certified General Accountants Association of Canada.
Canadians are saving too much for retirement, according to the report issued by C.D. Howe. You read that right. Not all Canadians, of course—just those who have access to defined benefit pension plans.