This is what’s protecting your pension + MORE Sep 30th

Retirement planning getting you down? There are always smart ways to plan the financial aspects of your retirement.
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TFSA or RRSP? Which is more popular—and why + MORE Feb 3rd

TFSAs win when it comes to flexibility. (Flickr) Q. TFSA or RRSP, which one is more popular today—and why? – Phyllis D. The RRSP marked its 50th-anniversary last year —but it looks like its Golden Age has already passed. While the RRSP still has more contributors than the TFSA, its lead is.... More »
 retirement planning

How to ‘find’ cash for your RRSP contribution Jan 13th

RRSP Contribution You don’t necessarily need new money in order to come up with the cash to maximize your 2017 RRSP contribution. That should come as welcome news after all the holiday spending. January makes some big demands on cash flow as credit-card bills come due. Add to that the opportunity .... More »

Hydro One shares down after Ontario government says CEO, board out Jul 14th

Shares of Hydro One Ltd. slid Thursday with some analysts sounding warnings of greater uncertainty after the new Ontario government announced the retirement of the electrical utility's chief executive and the replacement of its board of directors..... More »
 registered retirement savings plan

The danger of expecting too much from the market + MORE Dec 9th

When it comes time to harvest what you’ve invested, make sure your plans were reasonable or you’ll be disappointed. What sort of return are you expecting in 2018 and beyond? In the summer, the Financial Planning Standards Council (FPSC) and Institut Quebecois de Planification Financiere .... More »
Millennials have a six-figure start on retirement saving. Here’s howThose born between 1981 and 1997 and who have participated in their company’s pension plan for 10 years have an average balance of $109,400, says a new study.

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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 or a strong union, particularly if the pension is ultimately backstopped by taxpayers.
It’s quite another thing in the private sector. As the recipient of two modest employer DB pensions, the ultimate insecurity of such arrangements doesn’t always make for sound sleep. Fortunately, residents of the Province of Ontario are among the few Canadians who benefit from something called the Ontario Pension Benefits Guarantee Fund (PBGF).
Established in 1980, the PBGF covers more than 1,500 DB plans and 1.1 million members in the province. Participation is mandatory for most DB plans registered in Ontario. Initially, the PBFG provided a floor on the first $1,000 a month of pension income but in May 2017, the Ontario Ministry of Finance announced that “in the event that a pension plan is not fully funded and the employer is bankrupt, the government will be increasing the monthly guarantee provided by the Pension Benefits Guarantee Fund for a plan member’s pension by 50%, to $1,500 from $1,000…

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