Retirement planning getting you down? There are always smart ways to plan the financial aspects of your retirement.
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Best high-interest savings accounts in Canada 2021 + MORE Jan 5th
Regular savings accounts offer very low interest rates, so if you want to earn on your deposits (rather than simply use your account as a temporary “holding tank” for funds you’ll soon be using for purchases, or directing to longer-term saving and investing vehicles), a high-interest savings a.... More »
Millennial homebuyers and seniors among the winners of Budget 2019 + MORE Mar 24th
The Liberals’ last budget of this mandate sets the stage for the October federal election and includes a sprinkling of money for voters across a wide spectrum. But there are also gaps in spending for some groups.
Here’s what the budget does and doesn’t do, for five key voting group.... More »
Surprising truths about your RRSP + MORE Feb 26th
It wasn’t that long ago that retirement planning seemed a lot more straightforward: open a Registered Retirement Savings Plan (RRSP), choose your asset allocation, make contributions and—hopefully—watch your money grow. But the simple truth is RRSPs haven’t always been right for everybody: .... More »
Former cabinet minister James Moore named chancellor at B.C. university + MORE Nov 26th
James Moore. (Adrian Wyld, The Canadian Press)
PRINCE GEORGE, B.C. — Former federal Conservative party cabinet minister James Moore has been named chancellor of the University of Northern B.C.
Moore becomes the sixth chancellor at UNBC and will be sworn in during the convocation ceremony in Prince.... More »
Can you receive a government pension if you live outside of Canada? Jul 20th
Q. My father, who was born in 1945, left Canada to live in Thailand when was 26 years old. That was 50 years ago and he has never returned. If he comes back to Canada for one year to apply for his OAS, would he be eligible to receive a full pension? And would they be able to calculate his pension an.... More »
German airline Lufthansa lowers profit forecast for 2015 over global economic concerns
– canadianbusiness.com
FRANKFURT – German airline Deutsche Lufthansa AG has lowered its profit forecast for 2015 over concerns that the global economy may experience a downturn next year.
Lufthansa had previously said it expected an operating profit of 2 billion euros ($2.55 billion) in 2015, but now estimates the result will be “significantly” above this year’s predicted profit of 1 billion euros.
The airline said in a statement Thursday that the revision was “mainly due to a general downturn in the forecasts for global economic growth compared to earlier in the year.”
It says the result will also be affected by higher pension costs.
Lufthansa kept its profit guidance for this year, despite strike-related costs of 170 million euros.
Shares in Lufthansa were down almost 5 per cent at 11.70 euros on the Frankfurt exchange.
The post German airline Lufthansa lowers profit forecast for 2015 over global economic concerns appeared first on Canadian Business.
Lufthansa had previously said it expected an operating profit of 2 billion euros ($2.55 billion) in 2015, but now estimates the result will be “significantly” above this year’s predicted profit of 1 billion euros.
The airline said in a statement Thursday that the revision was “mainly due to a general downturn in the forecasts for global economic growth compared to earlier in the year.”
It says the result will also be affected by higher pension costs.
Lufthansa kept its profit guidance for this year, despite strike-related costs of 170 million euros.
Shares in Lufthansa were down almost 5 per cent at 11.70 euros on the Frankfurt exchange.
The post German airline Lufthansa lowers profit forecast for 2015 over global economic concerns appeared first on Canadian Business.
In retirement, is dental insurance worth the bite?
– thestar.com
Many people wonder if they should buy dental insurance in retirement. For those with discipline, the answer for many may be no.Money in retirement: Don’t rely on the kids
– moneysense.ca
A recent TD Wealth survey on providing care to aging parents struck a cord on a couple of levels, at least for me. For those who missed it (it came out the day of the Ottawa shootings last week) TD found two-thirds of Canadians between the ages of 40 and 60 expect they will have to provide care for their aging parents at some point. One in five already provide financial help to their parents or expect they will have to in due course. TD went on to say many Canadian “pre-retirees” also want to avoid putting their own children in the same situation. (You know the stoical stance of the self-reliant elder who “doesn’t want to be a burden” on their children).That struck me as quite ironic. As the parent of a 23-year-old who alternates between travel, freelance promotional jobs and short stints at home, the last thing we’re planning for is depending on her for financial support in our old age. Of course, all four of the grandparents in our family have passed away, so we tend to look at this intergenerational dynamic in a different way than TD’s intended audience: those still working and whose parents are still alive…
Six-in-ten Canadians are putting money away for retirement — but most don’t feel they have saved enough, a new study found.The high cost of taking money out of your RRSP: Mayers
– thestar.com
The rules governing the conversion of RRSPs into RRIFs are out of date and may be hurting people in their old age.
