Retirement planning getting you down? There are always smart ways to plan the financial aspects of your retirement.
Latest News
When are TFSAs and RRSPs actually taxable? + MORE Feb 29th
Ask MoneySense
I saw your blog online; thank you so much for the wonderful job that you are doing—it was very informative! That motivated me to start investing too, but now I have a couple of questions. I understand that there is tax on U.S. dividends in TFSA. Do we pay tax as well when we sell:
.... More »
Why GICs are a good addition to an RRSP or a TFSA + MORE Feb 8th
It’s tax time again, which means Canadians may be thinking about tax-smart ways to invest to reduce their tax burden next year. Chances are, you’ve seen and heard more about guaranteed investment certificates (GICs) in recent months than ever before, and there are concrete reasons why. Read on t.... More »
How will a pension buyback impact your income tax return? + MORE Apr 7th
Q. I plan to do a pension buyback for my service with the Government of Canada. Can I deduct the lump sum payment from my total income if I fully pay the amount at once? And will the total income reported on my T4 be reduced if I choose to deduct a certain amount from each pay stub? Looking forward .... More »
Do we need spousal RRSPs if our salaries are the same? + MORE Jul 29th
Q: I have a question about whether my wife and I should consider using a spousal RRSP. I’m 32, self-employed, paying myself an $80,000 annual salary and have a personal RRSP of around $160,000. My wife is also 32 and she’s employed with a company that provides a defined benefit pension. .... More »
CREA wants parents to assist children with home purchase with their RRSPs + MORE Dec 2nd
VANCOUVER _ The federal government should allow parents who want to help their offspring with the purchase of a home to tap into their retirement savings, says The Canadian Real Estate Association, which also wants the maximum withdrawal limit bumped up by $10,000.
Extending the Home Buyers’ P.... More »
Bill C-27 could mean changes for DB pensions
– moneysense.ca
Last April, the Department of Finance unveiled Bill C-27 on pension reform and it’s been winding its way through the House of Commons. Lately, it’s been getting a bit of interest because some parties see it as a threat to much-loved Defined Benefit (DB) pension plans. Most at risk are the envied and resented gold-plated DB pension plans for federal government workers. Here’s what you need to know as interest in Bill C-27 starts picking up steam.
What is Bill C-27?
Bill C-27 is an Act to amend the long-standing Pension Benefits Standards Act. Those in favour of pure Defined Benefit (DB) pension plans (mainly federal employee unions) have criticized Bill C-27, saying it would allow federally regulated employers to replace DB plans, which provide a guaranteed retirement income for life, with Target Benefit Plans (TBPs), which don’t make such lavish, iron-clad promises but still provide great pensions.
What happens if it’s passed into law?
It would allow federally regulated private sector and Crown Corporation employers to offer a TBP to their employees, or to convert an existing DB pension plan into a TBP…
What is Bill C-27?
Bill C-27 is an Act to amend the long-standing Pension Benefits Standards Act. Those in favour of pure Defined Benefit (DB) pension plans (mainly federal employee unions) have criticized Bill C-27, saying it would allow federally regulated employers to replace DB plans, which provide a guaranteed retirement income for life, with Target Benefit Plans (TBPs), which don’t make such lavish, iron-clad promises but still provide great pensions.
What happens if it’s passed into law?
It would allow federally regulated private sector and Crown Corporation employers to offer a TBP to their employees, or to convert an existing DB pension plan into a TBP…
Student-Made Adidas Ad Will Make You Feel Something Real
– walletpop.ca
Some commercials do a great job at pulling at our heartstrings, and although this one won’t be aired anywhere, it still will make you feel something real.
In a student-made ad for Adidas uploaded on YouTube in December, the video tells the tale of a lonely elderly man who was once a happy marathon runner. Now living in a retirement home with closed doors, all this man wants to do is break free (in his Adidas shoes, naturally).
“We tried sending it to [Adidas’] communications department but they didn’t really react,” German student Eugen Merher of Filmakademie Baden-Württemberg told The Huffington Post.
Real or not, the story created by the 26-year-old is not only relatable, it’s so relatable it hurts.
Watch the full video above. — This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website.
