Can a payment before retirement be a retiring allowance? Our company’s information line has received a string of similar inquiries from advisors in the same locality recently. The issue is the tax treatment of certain employment related payments.
Timing is everything. This is especially true when it involves clients and our business. For instance, we all know the benefits of having clients who invested with us at just the right time. Those clients who started with you in the first quarter of 2009 likely think you’re pretty smart, regardless of whether you put them into stocks or bonds. Conversely, those who signed on in the first quarter of 2008 are likely less pleased.
According to a CIBC poll, there are two financial concerns weighing on the minds of Canadians: paying down personal debt and saving for retirement.
As the clock keeps on ticking, Canadian baby boomers are beginning to fret more and more.
Rising personal debt loads and insufficient retirement savings seem to be pointing to the fact that financial literacy education should start at an earlier age in Canada.
Retiring Canadians not only want to keep busy but need to do so.
Generation X and their baby-boomer parents are on the same wavelength when it comes to retirement and saving for it, according to new research by Investors Group. Results of a new poll probing the retirement mindset of Gen Xers found that 58% have a clear vision of their life during retirement and how they will […]
As we move toward the end of 2010, it’s worth reviewing what has changed – and what hasn’t – in the economics of retirement. We’ll do that by looking at the performance of the global economy and markets this year, investor perceptions of that performance and the ongoing public policy discussions around retirement income in Canada, as well as the impact that each of these factors might have on those who are saving and investing for retirement.
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. […]
Only days before federal and provincial finance ministers converge in Kananaskis, Alta., Finance Minister Jim Flaherty has released a draft framework for pooled registered pension plans (PRPPs).