There are plenty of retirement plan options in Canada! Stay on top of the best plans right here.
Latest News
Can I receive a share of my ex’s military pension? + MORE Dec 16th
Q: I was married to a Navy man, went through mediation and it was in our divorce settlement that I was entitled to receive half of his military pension. I thought I had to wait until he turned 65 to be entitled to half but I’ve been told that as soon as he left the Navy he was getting his pension..... More »
U.S. withholding tax in an RRSP for Canadians + MORE Aug 3rd
I have EPD stock in my RRSP for their dividend payments (about 7%). What a surprise I had—even when in an RRSP—I had to pay about 30% tax on these dividends. EPD is registered in Louisiana. —Wanda
How much is withholding tax on U.S. dividends?
I am going to provide a brief summary of U..... 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 »
“I took a break from Bay Street to co-write a musical”: Myron Genyk on his money values and getting financially cut off at 20 Jun 1st
Who is Myron Genyk? As the CEO and co-founder of Evermore Capital, a Canadian asset management company, he introduced target date exchange-traded funds (ETF) for those with retirement goals from 2025 to 2060. With over 15 years of Bay Street experience, Myron has worked at BlackRock Canada and Natio.... More »
RRSP or TFSA? Here’s the simple and definitive answer Jan 20th
Should you save for retirement in an RRSP or a TFSA? For many high earners, an RRSP is your best bet, writes David Aston.... More »
MONTREAL — The federal and Quebec governments are under pressure to quickly commit funding for Montreal’s new $5.9-billion electric train project, which the Caisse de depot is promoting as a model for funding infrastructure projects.
Quebec’s pension fund manager has created an infrastructure subsidiary to oversee the construction and operation of the 67-kilometre network, which is to be ready for service by the end of 2020.
The Caisse is also contributing $3.1 billion and the city of Montreal is committing $100 million for the project. Ottawa and the province are being asked to split the remaining $2.7-billion estimated cost.
The project’s price increased by $400 million with Friday’s announcement of three new underground stations that will shorten travel times to the downtown core and relieve congestion on one of the city’s most congested subway lines.
The Caisse de depot’s president and CEO, Michael Sabia, says the network of electric trains is exactly the type of project that Ottawa should want to support as it spends more on infrastructure and aims to reduce greenhouse gas emissions…
Quebec’s pension fund manager has created an infrastructure subsidiary to oversee the construction and operation of the 67-kilometre network, which is to be ready for service by the end of 2020.
The Caisse is also contributing $3.1 billion and the city of Montreal is committing $100 million for the project. Ottawa and the province are being asked to split the remaining $2.7-billion estimated cost.
The project’s price increased by $400 million with Friday’s announcement of three new underground stations that will shorten travel times to the downtown core and relieve congestion on one of the city’s most congested subway lines.
The Caisse de depot’s president and CEO, Michael Sabia, says the network of electric trains is exactly the type of project that Ottawa should want to support as it spends more on infrastructure and aims to reduce greenhouse gas emissions…
How retirees can use TFSAs to save on tax
– moneysense.ca
The Tax-free Savings Account or TFSA is in my view the single most powerful investment tax shelter available to Canadian investors. Young people should move heaven or earth to maximize the annual $5,500 contribution as soon as they turn 18—even if they have to solicit a “matching” contribution from their parents.For those who haven’t yet contributed, as of 2017 the cumulative TFSA room built up since the plan’s debut in 2009 will be $52,000, says KCM Wealth’s Adrian Mastracci.
Coupled with the newly expanded Canada Pension Plan, any millennials maxing their TFSAs from age 18 on will be well positioned for retirement by the time they reach the age cohort this column is aimed at.
For near-retirees and seniors already retired, the TFSA is still a potential game-changer, even though it came relatively late in the game for them. Fortunately, unlike RRSPs—to which you can no longer contribute after age 71—there is no such limitation for TFSAs. Even if you live past 100, each year you can keep adding the $5,500 come January, plus any inflation adjustments that may occur…
CTV NewsSuspect in fatal stabbing at French missionary home arrestedCTV NewsPARIS — Police on Friday arrested a suspect in the fatal knife attack on a woman at a retirement home for Catholic missionaries in southern France after a vast manhunt, authorities said. The 47-year-old suspect — with no apparent links to Islamist …Stabbing at French retirement home not terrorism, police sayCBC.caManhunt underway in France for masked gunman who stabbed woman to death at missionary residenceCalgary HeraldFormer French paratrooper charged with murder after storming retirement home for monks in FranceMirror.co.ukITV News -The Independent -NEWS.com.au -The Guardianall 146 news articles »
Caisse warns Montreal transit project to cost more
– theglobeandmail.com
Quebec pension fund says it will raise its investment by $100-million to $3.1-billion; Montreal to invest $100-million
