All about Retirement Planning in Canada. Learn the ins and outs and get the latest news.
Latest News
What’s my RRSP contribution limit for 2021? + MORE Jan 18th
If you’re like many Canadians, you’re hoping you’ve paid enough tax in 2021 and may even be looking forward to a hefty tax refund. (The deadline for filing this year is April 30, 2022, which is on a Saturday, by the way. So you actually have until May 2, 2022 to file.) You can help ensure that.... 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
featured
EQ Bank
Build your retirement savings with.... More »
What’s the Rule of 30? And what does it have to do with income and retirement? + MORE Oct 26th
If you’ve never heard of the Rule of 30, welcome to the club. You may be hearing about it more though. This month, retirement expert and semi-retired actuary Fred Vettese is publishing a new book: The Rule of 30: A Better Way to Save for Retirement (ECW Press, 2021).
I thought initially t.... More »
Morneau Shepell defends its dealings with Ottawa amid minister’s controversy + MORE Oct 28th
The human resources and pension management firm at the centre of the conflict-of-interest controversy raging around Finance Minister Bill Morneau has itself joined the debate.
In a statement today, Morneau Shepell is refuting opposition claims that it has benefited from having its former executive c.... More »
Stock news for investors: Mixed Q4 results with big profit gains for Enbridge, Nutrien, and Cenovus + MORE Feb 21st
Here’s a round-up of news for Canadian investors this week.
Enbridge
Nutrien
Teck Resources
Canadian Tire
MTY Food Group
Cenovus Energy
Featured RRSP Accounts
featured
EQ Bank
.... More »
When to downsize in retirement
– moneysense.ca
The post When to downsize in retirement appeared first on MoneySense.
Pay less tax with pension income splitting
– moneysense.ca
It’s hard to believe but the great boon of pension income splitting has now been available to Canadian retirees for a full decade. The Harper Tories introduced it in 2007, partly as a salve for the controversial Halloween 2006 crackdown on income trusts. I don’t hear much these days about income trusts but the combo of pension splitting and the 2009 introduction of TFSAs has certainly been a welcome addition to the arsenal of retirees and semi-retirees.Pension splitting can generate many thousands of dollars in additional after-tax income for retired couples, particularly if – as is often the case – one of them enjoys a generous defined benefit (DB) pension and the other does not. I happen to know a retired boomer couple in their early 60s who are in exactly this position. In this case, it’s the woman with the high DB pension and they happily admit this one measure alone puts thousands more after-tax dollars into their collective pockets each year.
Pension splitting is based on the fact that Canada’s graduated income tax system imposes far higher rates of tax on big earners than on modest or non-existent earners…
Liberals tap former pension fund CEO to help build new infrastructure bank
– canadianbusiness.com
The man tapped to build an experimental agency to finance the construction of roads, bridges, and transit systems says the new infrastructure bank will help Canada better attract private dollars even as our closest neighbour promises a massive construction plan that relies heavily on private investment.
The international battle for private dollars to supplement public funds has become more heated as countries increasingly see modernizing infrastructure as a way to help their economies
A few have been successful in their quest, but many, like Canada, are still struggling to attract the right level of funding to help build the infrastructure that citizens use every day, said Jim Leech, the former head of one of Canada’s largest pension funds.
Among those countries is the United States, where President Donald Trump has talked of a $1 trillion spending plan over the next decade that includes more public-private partnerships to rebuild crumbling roads, bridges and highways, or the possibility of billions in tax credits for private investors who put their money into projects…
The international battle for private dollars to supplement public funds has become more heated as countries increasingly see modernizing infrastructure as a way to help their economies
A few have been successful in their quest, but many, like Canada, are still struggling to attract the right level of funding to help build the infrastructure that citizens use every day, said Jim Leech, the former head of one of Canada’s largest pension funds.
Among those countries is the United States, where President Donald Trump has talked of a $1 trillion spending plan over the next decade that includes more public-private partnerships to rebuild crumbling roads, bridges and highways, or the possibility of billions in tax credits for private investors who put their money into projects…
