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Worried about your shrinking nest egg? How the 4% rule can help save your retirement + MORE Mar 30th
While no withdrawal rate is foolproof or guaranteed, the 4% withdrawal rule provides a rough and reasonable measuring stick that is widely used and has stood the test of time going back to the 1920s..... More »
Maximizing spousal RRSP contributions in your 70s + MORE Mar 23rd
Q. My wife will turn 71 in 2022. She has three spousal RRSPs that we will arrange to mature on the same day: Feb. 8, 2022. On that day, we will convert all the RRSPs into a RRIF.
Between now and then, I wish to take full advantage of my ability to continue making contributions to spousal RRSPs. I am.... More »
Stock news for investors: Retail stocks tumble despite strong earnings + MORE Jun 20th
Here’s a round-up of news for Canadian investors this week.
Reitmans
Gildan
Groupe Dynamite
Empire
Featured RRSP Accounts
featured
EQ Bank
Build your retirement savings with.... More »
Who will replace Brad Wall as Saskatchewan Party leader? - CBC.ca + MORE Aug 12th
CBC.caWho will replace Brad Wall as Saskatchewan Party leader?CBC.caSaskatchewan Premier Brad Wall has announced his retirement and political analysts say there are no obvious candidates who might replace him. "Saskatchewan needs renewal, a fresh perspective in leadership," Wall said Thurs.... More »
Year-end tax-saving tips for Canadians for 2024 + MORE Dec 6th
Hear me out. Year-end tax planning can be financially rewarding. It’s a shame so few people do it. There are three objectives: plan to reduce taxes for the current year with legitimate planning opportunities, go back and recover overpaid taxes in prior years and, finally, set yourself up to minimi.... More »
You won’t believe the size of the Canadian ETF market
– moneysense.ca
Mutual funds may still rule in Canada, but exchange traded funds are gaining ground fast. According to the latest industry snapshot the Canadian ETF industry just hit an important milestone.
There are now more than 500 ETF now trading on the TSX and TSXV, controlling $129 billion worth of investor assets, as of the end of June. To put that in context, the Canadian ETF market is now about a quarter of the size of the Canadian mutual fund sector. As of the end of March, the Mutual Fund Dealers Association reports its members controlled about $522 billion in assets under administration.
The ETF revolution is just getting started »
What makes the growth of the ETF space even more remarkable is that as recent as a decade ago there were fewer than 50 ETFs available in Canada with less than US$20 billion in assets. Every one from mutual funds to pension operators have been piling into ETFs to take advantage of their efficient low-cost structure.
Some investment experts, most notably active investors, increasingly express their reservations about the size of the passive investment structure…
There are now more than 500 ETF now trading on the TSX and TSXV, controlling $129 billion worth of investor assets, as of the end of June. To put that in context, the Canadian ETF market is now about a quarter of the size of the Canadian mutual fund sector. As of the end of March, the Mutual Fund Dealers Association reports its members controlled about $522 billion in assets under administration.
The ETF revolution is just getting started »
What makes the growth of the ETF space even more remarkable is that as recent as a decade ago there were fewer than 50 ETFs available in Canada with less than US$20 billion in assets. Every one from mutual funds to pension operators have been piling into ETFs to take advantage of their efficient low-cost structure.
Some investment experts, most notably active investors, increasingly express their reservations about the size of the passive investment structure…
Why millennials should plan for retirement
– thestar.com
Tiny contributions made at an early age are all but guaranteed to multiply many times as the years go by.Should you do a pension buyback?
– moneysense.ca
Q: I have been working at a college for 10 years. The last nine were full-time with pension deductions. My first year was contract and I did not contribute to the pension plan.
Now I have the opportunity to purchase that year of pension.
I am going to do so, but don’t know whether to buy it with cash or transfer the money out of my RRSP.
—Debbie
A: It is not uncommon for a pension plan member to be able to buy back service in their pension plan. Common types of service you can buy back include a waiting period to join a plan, a parental leave or other eligible leaves of absence.
The buyback, Debbie, is based on actuarial factors including your age, salary, the period the buyback is for, current interest rates, etc.
Most pension plans will provide a calculator to help evaluate your decision. But I’ll try to identify some of the considerations as well as the best way to fund your buyback.
Ask a Planner: Leave your question for Jason Heath »
I mentioned interest rates were a consideration in the calculation of the cost of your buyback…
