Budget 2015 has been released.
Liberal and New Democrat politicians are criticizing the government’s plans to increase TFSA contribution room, a move expected in today’s budget.
New rules are a welcome change.
A recent paper by the C.D. Howe Institute’s William B.P. Robson and Alexandre Laurin suggests mandatory RRIF withdrawal rates are the main cause of premature portfolio depletion.
A growing body of analysis suggests current minimum RRIF withdrawals are too high and need to be revised to reflect new economic realities facing seniors and the broader economy.
CALU has submitted its recommendations for the 2015 Federal Budget to the House of Commons Standing Committee on Finance.
Fewer than half of Canadians 25 years of age and older have a workplace retirement savings plan.
The IRS has just made it easier for taxpayers with RRSPs or RRIFs to get favorable U.S. tax treatment; it’s also taken steps to simplify procedures for U.S. taxpayers with these plans.
De Thomas Financial is refusing to give a retired retail investor $254,323 in compensation for unsuitable investments, despite a recommendation the Ombudsman for Banking Services and Investments, the watchdog says.
Longer life spans mean retirees must do more with less.