The majority of Canadians (60%) plan to invest in their retirements this year. But does that matter?
The primary aim of RRSP investments is to save for clients' retirements.
The RRSP contribution deadline is just four weeks away. Have your clients maxed out their contributions? Likely not. While 65% of Canadians say RRSPs will be their main source of retirement income, 49% don’t plan to contribute this tax season, finds a Scotiabank poll. Read: OAS change won’t disrupt retirement plans “It is a bit […]
After 55 years, you would think that the basic idea behind RRSPs would be ingrained in Canadians' minds. Judging by the fact that only a quarter of eligible tax filers made a contribution, they might not even know enough.
While these accounts are useful, they can also be sizable tax burden if misused.
George and Teresa had planned to retire when George, who has a defined-benefit pension, turns 60 in three years.
Under pressure from health professionals, ING has decided to take its controversial RRSP TV spot off air. The campaign drew a lot of flak, including from the Canadian Mental Health Association, for allegedly being insensitive and discriminatory to those with mental health problems, says a report in The Globe and Mail. Responding to the criticism, […]
Two-thirds of Canadians (65%) either don’t have a retirement savings plan or did not make any contributions to their RSP in 2012, finds an ING DIRECT study. When asked what concerns them most about their impending golden years, 56% admit not having enough income to sustain a good quality of life, while 13% are afraid […]
Help Canadians decide between RRSPs and TFSAs.
Affordability continues to be a barrier for Canadians hoping to increase their nest eggs before the March 1st RRSP contribution deadline (64%, compared to 59% in 2011, 53% in 2010), finds a Scotiabank poll. Read: Be careful about RRSP withdrawals “An investment may be more affordable than you think—the key is to get a solid […]