Many Canadians are getting a head start on saving for retirement this year, but fewer plan to save.
With the RRSP deadline only eight weeks away, just 31% of Canadians plan to make a contribution for the 2013 tax year, a decrease from 39% in both 2012 and 2011.
Industrial Alliance has launched of SecurOption - Lifetime Retirement Income, a new guaranteed lifetime retirement income option that is added to its group retirement savings plans.
Due to mistakes made by Scotiabank on a routine RRSP transaction, a man in Nova Scotia was recently saddled with a tax bill of $35,000—which the bank has agreed to cover, CBC News reports.
Saving for retirement means taking a lesson from the airlines As August draws to a close—the summer road trips and European vacations over—parents will be drowning in requests for notebooks and pens and first-dayof- school clothes. But amid the academic trappings and new togs, some parents may be wondering whether they ought to invest in […]
If the federal and provincial governments decide to increase mandatory contributions to the Canada Pension Plan, Canadians may, in turn, reduce voluntary contributions to RRSPs, according to a study.
During this RRSP season, Canadian pension plan sponsors should consider reminding their members about the important role an RRSP plays in their retirement.
As the RRSP contribution deadline approaches, many Canadians are debating whether to invest in an RRSP or a tax-free savings account (TFSA). A BMO study has found that many are particularly intrigued by the TFSA. According to the study, 67% of Canadians have an RRSP and 39% have a TFSA. Despite the greater prevalence of […]
Many pension plan sponsors hear from members that one of their biggest challenges is finding room in their finances to make regular plan contributions. Canadians have that same challenge with their RRSPs, too.
Recent polls suggest that Canadians aren’t using two potentially valuable retirement savings vehicles to their full potential.