There are plenty of retirement plan options in Canada! Stay on top of the best plans right here.
Latest News
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 »
Chicago Has Another Bond for You Aug 19th
The city may try to paper over its pension woes with new debt..... More »
Is semi-retirement stressful? You bet—here’s what to do about it Jul 27th
One of my semi-retirement philosophies is that reducing stress can sometimes be more important than maximizing revenue. Assuming you’re self-employed in semi-retirement, as I am, you may find yourself juggling multiple clients and conflicting demands on your limited time and energy.
The topic o.... More »
Year-end tax-saving tips for Canadians for 2024 + MORE Dec 6th
Hear me out. Year-end tax planning can be financially rewarding. It’s a shame so few people do it. There are three objectives: plan to reduce taxes for the current year with legitimate planning opportunities, go back and recover overpaid taxes in prior years and, finally, set yourself up to minimi.... More »
How does income from a rental property create RRSP contribution room? + MORE Jan 13th
Q. I understand that net rental income creates RRSP contribution room—so, even as a retiree, I should be able to accumulate additional RRSP room. Does foreign net rental income add to RRSP room?
When I do my Canadian taxes using tax preparation software, the reported net foreign rental income does.... More »
You won’t believe the size of the Canadian ETF market
– moneysense.ca
Mutual funds may still rule in Canada, but exchange traded funds are gaining ground fast. According to the latest industry snapshot the Canadian ETF industry just hit an important milestone.
There are now more than 500 ETF now trading on the TSX and TSXV, controlling $129 billion worth of investor assets, as of the end of June. To put that in context, the Canadian ETF market is now about a quarter of the size of the Canadian mutual fund sector. As of the end of March, the Mutual Fund Dealers Association reports its members controlled about $522 billion in assets under administration.
The ETF revolution is just getting started »
What makes the growth of the ETF space even more remarkable is that as recent as a decade ago there were fewer than 50 ETFs available in Canada with less than US$20 billion in assets. Every one from mutual funds to pension operators have been piling into ETFs to take advantage of their efficient low-cost structure.
Some investment experts, most notably active investors, increasingly express their reservations about the size of the passive investment structure…
There are now more than 500 ETF now trading on the TSX and TSXV, controlling $129 billion worth of investor assets, as of the end of June. To put that in context, the Canadian ETF market is now about a quarter of the size of the Canadian mutual fund sector. As of the end of March, the Mutual Fund Dealers Association reports its members controlled about $522 billion in assets under administration.
The ETF revolution is just getting started »
What makes the growth of the ETF space even more remarkable is that as recent as a decade ago there were fewer than 50 ETFs available in Canada with less than US$20 billion in assets. Every one from mutual funds to pension operators have been piling into ETFs to take advantage of their efficient low-cost structure.
Some investment experts, most notably active investors, increasingly express their reservations about the size of the passive investment structure…
Why millennials should plan for retirement
– thestar.com
Tiny contributions made at an early age are all but guaranteed to multiply many times as the years go by.Should you do a pension buyback?
– moneysense.ca
Q: I have been working at a college for 10 years. The last nine were full-time with pension deductions. My first year was contract and I did not contribute to the pension plan.
Now I have the opportunity to purchase that year of pension.
I am going to do so, but don’t know whether to buy it with cash or transfer the money out of my RRSP.
—Debbie
A: It is not uncommon for a pension plan member to be able to buy back service in their pension plan. Common types of service you can buy back include a waiting period to join a plan, a parental leave or other eligible leaves of absence.
The buyback, Debbie, is based on actuarial factors including your age, salary, the period the buyback is for, current interest rates, etc.
Most pension plans will provide a calculator to help evaluate your decision. But I’ll try to identify some of the considerations as well as the best way to fund your buyback.
Ask a Planner: Leave your question for Jason Heath »
I mentioned interest rates were a consideration in the calculation of the cost of your buyback…
