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Pension income splitting explained Jan 20th
Q: I am 62 years old and I receive a pension from my work. At the same time, I am still working part time. My question is can I split my pension with my husband who is 64 years old? He is retired with no pension from his work.
I would appreciate if you can educate me regarding income splitting.
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Canada’s last Cold War destroyer retires after one last sail Mar 10th
HMCS Athabaskan returns to Halifax on October 30, 2014. Canada’s last destroyer is going on a final tour of Halifax harbour today after 44 years of service. Ottawa announced over two years ago that HMCS Athabaskan would be retired along with three other Royal Canadian Navy ships. THE CANADIAN .... 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
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EQ Bank
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Stock news: Cogeco takes U.S. telecom hit as Electrovaya rallies Jul 18th
Here’s a round-up of news for Canadian investors this week.
Cogeco
Electrovaya
Blue Ant Media
Loblaw-EQB
Featured RRSP Accounts
featured
EQ Bank
Build your retirement saving.... More »
What happens at the end of a reverse mortgage? Mar 9th
When you get a reverse mortgage, you tap the equity in your home without having to sell it. There are several advantages to having a reverse mortgage, for those who qualify: For one, you gain access to part of the cash value of your home, increasing your liquidity. Setup and legal fees are rolled in.... More »
Live from Retire Rich 2015
– moneysense.ca
We’re live blogging from Retire Rich starting at 5:15 p.m. EST on Wednesday, April 8, 2015. (James Porter/Getty Images)Missed our Retire Rich 2015 event? You can catch some of what leading retirement-planning experts and MoneySense personalities including Duncan Hood, Bruce Sellery, Preet Banerjee and Dan Bortolotti said during this evening of wealth-building insights and practical advice. You’ll learn the proven tactics and strategies to establish a low-cost retirement plan for a rich and rewarding retirement.
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MONTREAL – The new chief executive of Bombardier Inc. is bringing in another outsider with extensive industry experience to be the company’s new president for commercial aircraft, which sells the Q400, CRJ and CSeries planes to airlines.Long-time Bombardier executive Mike Arcamone was replaced Thursday by Fred Cromer, who was most recently president of International Lease Finance Corp., which is a major buyer of commercial aircraft.Prior to his six years as president of ILFC, Cromer has held positions at several U.S. airlines.”His strong leadership skills, international network and deep understanding of the aviation industry are a perfect match for Bombardier Commercial Aircraft, as we are preparing to realize the true market potential of our new CSeries aircraft, while refocusing on our Q400 and CRJ programs,” Bombardier chief executive Alain Bellemare said Thursday.Arcamone’s departure — and pending retirement of Bombardier’s chief financial officer Pierre Alary after a transition — comes as Bombardier makes major management changes, including the sudden installation of Bellemare as CEO in mid-February…
Am I on track to retire at age 60?
– moneysense.ca
Milan Sengupta of Calgary wants to retire at age 60 to travel. (Photograph by Chris Bolin)The current situation
Milan Sengupta, 36, has been in Canada for just five years, but he’s already thinking about retirement. “I came to Calgary from India with just two suitcases and every day since has been an incredible journey,” says Milan, a self-employed IT worker who just passed the citizenship test. Milan is spending $55,000 annually from his $130,000-a-year salary, with $15,000 going towards rent. “I bought a house in 2010 but sold it last year,” says Milan, who put the $165,000 proceeds into a savings account. “My timing was good.” On top of that windfall, he has $145,000 in additional savings, mainly RRSPs and TFSAs—all invested in exchange-traded funds (ETFs) and the TD Comfort Aggressive Growth mutual fund. So far his returns have averaged 6.5% net over the last five years, and with Milan’s disciplined savings approach his wealth will continue to grow: he contributes $1,000 to his RRSP twice a month and $5,500 to his TFSA every year, for a total of $29,500 annually…
