Ensure your clients steer clear of these RRSP missteps and missed opportunities this contribution season.
Retirement was cut short for 30% of older Canadians in 2013.
More than one-third (35%) of Canadians report they have already contributed to an RRSP before the March 3, 2014 deadline, up 5% from this time last year, according to BMO Financial Group’s national RRSP study.
Reversing last year's results, more Canadians are citing saving for retirement as a top financial priority compared to paying off debt, according to the RBC RRSP Poll.
Consider this: Your clients are 27 years old and married. The wife wants to go back to school to get her MBA. She has not used her RESP room because her parents didn’t create one for her, and she attended her undergrad on a full scholarship. So she’s got questions.
A collection of tax expert Jamie Golombek's top tips.
Retirement may be the new 40, some advertisers suggest: Retirees are only as old as they feel, and the world is their oyster.
While Canada may not be facing a benefit crisis like many European nations, its rules on retirement should be updated to reflect how most people live and work, says the Canadian Institute of Actuaries.
A widower was recently handed a $35,000 tax bill for his bank's mistakes.
The latest DC retirement index from Towers Watson shows a slight increase in monthly pension, from a low of 13.4% of monthly wages in November 2012 to just 15.2% as of September 1, 2013.