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The best RRSPs in Canada for 2024 May 23rd
RRSPs
The best RRSPs in Canada
We’ve rounded up the best RRSP rates on savings accounts and GICs, as well as the best RRSP investment accounts.
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Can a non-resident open an investment account in Canada? Sep 21st
I moved to Sweden to study in 2021 and I am no longer considered a resident of Canada (to my understanding). However, I have some money to invest. I am not allowed to contribute to my TFSA which leaves me with contributing to an RRSP or an ISK (Swedish tax efficient account). In short, you pay ~0.40.... More »
Making sense of the markets this week: October 15, 2023 + MORE Oct 19th
Kyle Prevost, creator of 4 Steps to a Worry-Free Retirement, Canada’s DIY retirement planning course, shares financial headlines and offers context for Canadian investors.
Clearly, the biggest world news is the conflict in Israel and Gaza. This week we are holding off discussing the effects.... More »
Money Makeover: Should she rely on rental income in retirement? + MORE Jun 17th
Gina says she is uncomfortable with owning a rental property. There are better choices for a risk-averse investor..... More »
What types of Tax-Free Savings Accounts (TFSAs) exist? + MORE Feb 10th
A Tax-Free Savings Account (TFSA) is a fantastic way to earn money on your savings, without having to pay tax on those earnings. Registered by the federal government, TFSAs are available to Canadians aged 18 and older. Unlike a Registered Retirement Savings Plan (RRSP), you cannot deduct contributio.... More »
Only two in ten workers around the world are certain they will have an easy retirement, a new global survey shows.Toronto StarDallaire resigns from Senate to take on international causesToronto StarOTTAWA—Roméo Dallaire's one-man crusade to prevent the global violence he witnessed firsthand in Rwanda has grown too demanding for him to stay on in the Senate, the former general says. Dallaire, in announcing his retirement from the upper …Roméo Dallaire resigns from SenateThe Globe and MailDallaire: Raising awareness of veterans' health, children in warOttawa CitizenA selection of quotes about the life and career of Romeo DallaireCalgary HeraldCANOEall 99 news articles »
The Ontario Liberals’ pension proposal needs work
– macleans.ca
Aaron Lynett/CPThe math behind the “million jobs” platform of the Ontario Progressive Conservatives has dominated economic discussion in the Ontario election campaign now underway. Those PC job claims deserve scrutiny, but we shouldn’t let other policies with greater potential impact on the lives of Ontarians escape our attention. For example, take the Ontario Liberal Party’s proposed Ontario Retirement Pension Plan (ORPP). The ORPP would shift about $3.5 billion per year from today’s workers into an investment fund worth tens of billions of dollars, and eventually pay out billions of dollars of pension income. I don’t see any other policy of this scale in the party platforms, so the ORPP is worth a much closer look.
In 2013 at the federal level there were serious discussions about expanding the Canada Pension Plan (CPP). During that period, I wrote a paper with Tammy Schirle examining the CPP expansion proposals. Much of what I learned about the CPP expansion can be applied to the Ontario Liberals’ proposed ORPP…
