How to go about securing the best Retirement Plan in Canada.
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How to transfer from an RRSP to a TFSA —and why you shouldn’t + MORE Mar 3rd
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When transferring a stock from an RRSP to a TFSA, is there any advantage whether it is in a loss or gain position? Why or why not? – Darryl
If you hold a stock in your RRSP and you want to hold it in a TFSA instead, there is no way to simply transfer it from one account to the other. At lea.... More »
Should we draw down my spouse’s RRIF faster? May 30th
Ask MoneySense
My wife is currently drawing $24,000 per year from her RRIF, which has a balance of $510,000. She is also receiving OAS, CPP and a work pension of $22,000. She is 67.
My question is if it would be prudent to start making larger withdrawals to try and reduce the tax that the estate .... More »
Stock news: Couche-Tard and BlackBerry post gains, Metro flags strike impact Jun 27th
Here’s a round-up of news for Canadian investors this week.
Couche-Tard
BlackBerry
Metro
Featured RRSP Accounts
featured
EQ Bank
Build your retirement savings with 1.50% intere.... More »
An easy guide to income splitting for seniors Apr 14th
Q. My husband and I are both retired. He still has income from his business, and I have cashed in all of my RRSPs but one. My question is: Can Hubby cash one of his RRSPs (and pay taxes, of course), but then turn around and buy a spousal RRSP for me? Would that be worth doing? Then I could cash this.... More »
Should Kathy take monthly payments or the commuted value of her pension? + MORE Jun 15th
Q. I am torn about making a key financial decision in my life. First, a little about myself. I worked for about seven years (actually, six years and 360 days) as a teacher in the Arctic. I resigned this year and have returned to the “south.”
Now, I have about a year to decide whether I cash out .... More »
How to Talk About Retirement Planning so your Adult Children will Listen
– rhondasherwood.com
Retirement is not just something that applies to seniors. It may not be a priority for people aged 18-34, it is not too early for them to be thinking about it for their future. People in this age group will be living longer, healthier lives. Proper planning is essential if they will be living for 20, 30, or even 40 years of life in retirement. When talking to your adult children about retirement, here are some ideas you may want to share to make the idea of retirement and retirement planning relevant for them now.
Retirement has Changed
The retirement rules for young people have changed. Thirty, 40 or 50 years ago, people didn’t have to put a much though into retirement planning. Between the company pension and government benefits, cash flow was taken care of, and it was not something that individuals had to take personal responsibility for.
Then, Canada Savings Bonds (CSBs), Guaranteed Investments , Certificates (GICs) or regular savings accounts could all be counted on to provide a decent rate of interest…
Bombardier Inc. said on Thursday that Quebec’s public pension fund manager is buying a 30% stake in its rail arm for US$1.5 billion, putting the company on stronger financial footing as it pushes to launch its long-delayed CSeries jet.
Bombardier rail unit may get back on track with Caisse deal
– theglobeandmail.com
Quebec pension fund makes $1.5-billion (U.S.) in division to be overseen by newly created board
Forcing Green Politics on Pension Funds
– online.wsj.com
Obama’s Labor Department wants retirement portfolios to divest their fossil-fuel holdings.Executive with Quebec pension fund manager suspended after child porn charges
– canadianbusiness.com
MONTREAL – A vice-president with Quebec’s pension fund manager has been charged with possessing, distributing and accessing child pornography.
Robert Cote is a vice-president of legal affairs at the Caisse de depot et placement du Quebec and has been suspended with pay.
He was released on bail Thursday by a judge following his arraignment.
According to court documents, the charges of distributing child pornography are related to incidents that allegedly occurred between last January and March.
The two other charges — accessing and possessing pornography — are in connection with events alleged to have occurred between 1997 and 2015.
Jean-Benoit Houde, a Caisse spokesman, says a lawyer for the 52-year-old Cote was advised of the suspension while it conducts an internal investigation.
The post Executive with Quebec pension fund manager suspended after child porn charges appeared first on Canadian Business – Your Source For Business News.
Robert Cote is a vice-president of legal affairs at the Caisse de depot et placement du Quebec and has been suspended with pay.
He was released on bail Thursday by a judge following his arraignment.
According to court documents, the charges of distributing child pornography are related to incidents that allegedly occurred between last January and March.
The two other charges — accessing and possessing pornography — are in connection with events alleged to have occurred between 1997 and 2015.
Jean-Benoit Houde, a Caisse spokesman, says a lawyer for the 52-year-old Cote was advised of the suspension while it conducts an internal investigation.
The post Executive with Quebec pension fund manager suspended after child porn charges appeared first on Canadian Business – Your Source For Business News.
