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Posthaste: Retirement out of reach for almost 40% of working Canadians over 50 - Financial Post Feb 1st
Posthaste: Retirement out of reach for almost 40% of working Canadians over 50 Financial PostPosthaste: Only about a third of Canadians over 50 say they can afford to retire Yahoo Canada FinanceRetirement ‘becoming unaffordable’ for many Canadians. What can they do? &n.... More »
Do you actually need a financial advisor in your 30s and 40s? May 9th
At some point, most Canadians are told they need a financial advisor. But is hiring one really necessary when you’re in your 30s and 40s, or can it wait until you’re closer to retirement?
Like a lot of financial advice, the answer depends on your personal circumstances; it’s less about yo.... More »
Draft securities regulation would revise status of pension funds + MORE May 6th
New version of Capital Markets Stability Act open for public comment until July 6
.... More »
Who you gonna trust: Barry Ritholtz or Jim Cramer? + MORE Oct 25th
Because I get a lot of free review copies of financial books, it’s rare that I actually order one from Amazon, let alone three. But I did just that recently when I was curious about three influential authors who released new financial books within weeks of each other.
The first can be regarded .... More »
What is the CPP Survivor’s Pension? How can Canadians claim this benefit? + MORE Feb 15th
Ask MoneySense
My wife passed away, and I heard about the survivor’s pension. Can you tell me more about this benefit and how to receive it?—Kevin
What is the CPP Survivor’s Pension?
Thanks for your email, Kevin. Losing a spouse or common-law partner is one of the most challenging e.... More »
Five retirement savings tips for Millennials
– canoe.ca
A couple of years ago, Emilie Hunt had to go to the emergency room with a stomach virus. The bill took a huge chunk of money out of her savings, more than $800, and kept her from saving for a couple of months.
TORONTO – With a federal election call looming, Ontario is demanding the Conservative government drop its opposition to the creation of a provincial pension plan.
Finance Minister Joe Oliver wrote his Ontario counterpart earlier this month warning Ottawa would not help implement the Ontario Retirement Pension Plan or make any legislative changes to allow it to be treated like the CPP for tax purposes.
Ontario Finance Minister Charles Sousa says there are at least 28 programs administered by Canada Revenue Agency and 88 data exchange agreements between the federal and provincial governments.
And Sousa says the federal government has a co-operative agreement with the Quebec Pension Plan and made legislative changes to the Income Tax Act to allow higher contributions to the Saskatchewan Pension Plan.
Ontario would face much greater costs to set up and administer its pension plan if it can’t get the co-operation of the Canada Revenue Agency.
Oliver said the Ontario pension plan would amount to a job-killing payroll tax because it would require contributions of up to $1,643 from employers and workers in any company that does not have a workplace pension…
Finance Minister Joe Oliver wrote his Ontario counterpart earlier this month warning Ottawa would not help implement the Ontario Retirement Pension Plan or make any legislative changes to allow it to be treated like the CPP for tax purposes.
Ontario Finance Minister Charles Sousa says there are at least 28 programs administered by Canada Revenue Agency and 88 data exchange agreements between the federal and provincial governments.
And Sousa says the federal government has a co-operative agreement with the Quebec Pension Plan and made legislative changes to the Income Tax Act to allow higher contributions to the Saskatchewan Pension Plan.
Ontario would face much greater costs to set up and administer its pension plan if it can’t get the co-operation of the Canada Revenue Agency.
Oliver said the Ontario pension plan would amount to a job-killing payroll tax because it would require contributions of up to $1,643 from employers and workers in any company that does not have a workplace pension…
Feds, province scrap over Ontario pension plan – Toronto Sun
– news.google.ca
Toronto SunFeds, province scrap over Ontario pension planToronto SunWhile never close, open hostilities have broken out between the Kathleen Wynne and Stephen Harper governments in the days before an anticipated federal election call. Finance Minister Charles Sousa and Associate Finance Minister Mitzie Hunter accused …'Slapping the face of Ontarians': Turf the federal Tories, Ontario Liberal …National PostOntario Liberals call for Tories' defeat over pension fightThe Globe and MailCharles Sousa slams Ottawa for refusing to help run Ontario pension planToronto StarCBC.ca -CTV News -Ottawa Citizenall 40 news articles »
Mother leaves estate to animal charities, will overturned
– moneysense.ca
Britain’s Court of Appeal has overturned the will of a mother who had chosen to give her estate to animal charities rather than her only child.
The mother, Melita Jackson, should have given a reasonable provision to her daughter, Heather Ilott, who is living on benefits and has no pension, Judge Mary Arden says. In its ruling, the court also says Jackson had no connection with the charities named in the will.
Canada’s top-rated charities »
The mother, Melita Jackson, should have given a reasonable provision to her daughter, Heather Ilott, who is living on benefits and has no pension, Judge Mary Arden says. In its ruling, the court also says Jackson had no connection with the charities named in the will.
Canada’s top-rated charities »
The pair had been estranged for 26 years, after Ilott left home at 17 to live with her soon-to-be husband. Several efforts at reconciliation failed.
Jackson died in June 2004, leaving almost all her 486,000 pounds ($758,000) estate to the Royal Society for the Protection of Birds, the Royal Society for the Prevention of Cruelty to Animals and Blue Cross, a charity for abandoned animals.
The court awarded 143,000 pounds ($223,000) to Ilott, who lives north of London in Hertfordshire county, so she could buy her rented home from a housing association and a further 20,000 pounds in cash as “additional income…
