Ensure clients know the facts before taking out money.
Canada can’t afford your clients anymore. This is evinced by recent changes to CPP, and a looming increase in OAS eligibility age to 67 for anyone born after 1958.
It’s that time of year when hosting and gift-giving make wallets a little lighter. Ernst & Young offers some tips to help Canadians stock up on savings, just in time for the new year. Contribute to TSFA. Make your $5,000 TFSA contributions for 2012, and if you haven’t contributed before, contribute up to $20,000 before […]
Critics of PRPPs are concerned about low-income workers.
B2B Bank and Assumption Life have signed agreements regarding the distribution of investment and RRSP loans.
There’s a bigger issue behind the new OAS rules than rising life expectancy of Canadians.
More Canadians are saving money (70%) to prepare for retirement, and many are also taking a more holistic approach by paying off debt (66%), finds an RBC poll. Figuring out what regular expenses would be (45%) and building up an investment portfolio (39%) were the next most common activities. Also, this year’s study found more […]
Complete financial planning means achieving more than basic goals.
There are more Canadians this year with an RRSP account—67% versus 61% last year, finds a study by BMO. But many are not maxing out their annual contributions. Read: When a client has capital losses in an RRSP In fact, just one-third are aware of their annual contribution limit, while 60% rarely or never contribute […]
With at least three decades to go before retirement, Josh’s portfolio is invested in global mutual funds, commodity stocks and specialty funds. Through diligent saving, he has managed to put away $110,000.