How to go about securing the best Retirement Plan in Canada.
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Are you missing out on RRSP matching and more? Feb 28th
A registered retirement savings plan (RRSP) is a powerful retirement savings tool, yet many Canadians aren’t getting its full benefits. A lot of us are also missing out on RRSP matching and other incentives—essentially, free money—that could go a long way to funding a more comfortable retireme.... More »
Financial planning in your 70s + MORE Oct 12th
When most people think about financial planning, they think about saving and investing for retirement. That is certainly a part of it, but financial planning is much more holistic.
Here are a few financial planning strategies for those approaching or into their 70s. If you are not there yet, bookmar.... More »
How job changes can affect your taxes + MORE Mar 28th
Landing a new job or being laid off from your current position can be life-changing—whether it’s an exciting transition, a tough stretch or a chance at a fresh start. But months after the dust settles, people often forget that job changes can also impact that year’s tax return. Expe.... 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
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This is what’s protecting your pension + MORE Sep 30th
As most people are well aware, job security in the private sector is often problematic in these days of corporate restructurings and mergers. This can extend even into the realm of employer pensions. It’s one thing to receive an inflation-indexed Defined Benefit pension sponsored by the government.... More »
7 simple differences between RRSPs and TFSAs
– moneysense.ca
Registered Retirement Savings Plans (RRSPs) and Tax Free Savings Accounts (TFSAs) are the go-to products for Canadians who are serious about socking away some money for the future, whether it’s for retirement or for a big purchase, like a house. While the two products are similar in many ways, there are also a number of areas in which they are not. These differences may seem a little ‘duh’ for some, but laying out the obvious is a good start as you consider the more complicated question of which one is right for you—whether you’re just beginning to make the decision or if you’re rethinking your current strategy. Here are seven simple things that differentiate RRSPs from TFSAs.
1. How old they are
RRSPs have been around a lot longer than their tax-free cousin. The RRSP was introduced in 1957 by the Liberal government of Prime Minister Louis St. Laurent. Fifty-one years later in 2008, the Conservative government of Prime Minister Stephen Harper rolled out the Tax-Free Savings Account…
1. How old they are
RRSPs have been around a lot longer than their tax-free cousin. The RRSP was introduced in 1957 by the Liberal government of Prime Minister Louis St. Laurent. Fifty-one years later in 2008, the Conservative government of Prime Minister Stephen Harper rolled out the Tax-Free Savings Account…
Trudeau: Budget will restore OAS eligibility to 65
– moneysense.ca
NEW YORK, United States of America – Next week’s federal budget will restore the eligibility for old-age security to 65 as promised, Prime Minister Justin Trudeau announced Thursday, committing to undo one of his predecessor’s policies.
It was part of a wide-ranging discussion where he shared some of his intentions for the budget, specifically, and for longer-term economic policy before a New York audience.
Trudeau noted the irony of the setting. It was also in a public forum abroad, hosted by a foreign news organization, where Stephen Harper announced the policy the Liberals are undoing — the plan to raise the retirement age two years to 67.
“There’s a nice parallel here,” Trudeau told a moderator at Bloomberg.
“We will confirm that we are keeping the old retirement age at 65 — not raising it to 67. Because how we care for our most vulnerable in society is really important.”
Will Trudeau make me pay more taxes? »
The moderator pressed him on the soundness of his economics…
It was part of a wide-ranging discussion where he shared some of his intentions for the budget, specifically, and for longer-term economic policy before a New York audience.
Trudeau noted the irony of the setting. It was also in a public forum abroad, hosted by a foreign news organization, where Stephen Harper announced the policy the Liberals are undoing — the plan to raise the retirement age two years to 67.
“There’s a nice parallel here,” Trudeau told a moderator at Bloomberg.
“We will confirm that we are keeping the old retirement age at 65 — not raising it to 67. Because how we care for our most vulnerable in society is really important.”
Will Trudeau make me pay more taxes? »
The moderator pressed him on the soundness of his economics…
Two big Ontario pension funds did well in the past year, bypassing the general misery of a market selloff.
