Two-thirds of CARP members are in favour of increasing the tax-free savings account contribution limit.
With just one week to go until the March 2 deadline, a CIBC poll finds 54% of Canadians won't be making a contribution to their RRSPs for the 2014 tax year.
Canadian women are less prepared for retirement than men, a survey finds.
RRSP contributions rose to $37.4 billion in 2013, a 4.8% increase from 2012, says Statistics Canada.
While there's a common perception that Canadians face a retirement crisis, a McKinsey report says a strong majority of households are actually on track to maintain their standard of living in retirement.
A CROP survey finds nearly half (42%) of Quebec's population didn't save or invest last year.
Government policy-makers should not overlook enhancing RRSPs as a way to boost retirement savings by Canadians, according to a report.
The tax-free savings account is the favourite investment choice for Canadians.
A little over two years ago, Daniel Kahneman wrote a seminal book on human behaviour and perceptions, titled Thinking, Fast and Slow. In the book, Kahneman makes the following observation, “A reliable way to make people believe in falsehoods is frequent repetition because familiarity is not easily distinguished from truth.”I would submit that this phenomenon is the basis for the widespread belief that Canada is suffering a national retirement crisis. The frequent repetition in the media that Canadians are not preparing themselves adequately for retirement certainly has to colour our thinking on the matter.
Statistics Canada says total contributions to RRSPs amounted to $35.7 billion in 2012, up 3.8% from 2011.