Amid growing concern about the financial risks of climate change, a pair of Canadian law professors is launching an effort to help corporate directors and pension trustees better understand the issue. The academics — Dr. Janis Sarra from the University of British Columbia and professor Cynthia Williams from Osgoode Hall Law School at York University […]
Population aging is taking place throughout the Americas, with the elderly expected to grow faster than the overall population between 2018 and 2025, according to a report by London-based analytics firm Global Data. The report found Canada already has more elderly people than children in its cities. And in the U.S., the same is expected over the […]
Limiting global warming is essential to institutional investors, according to a new report by Mercer Canada. The report models three different scenarios, examining the impact of average warming of two, three and four degrees Celsius over three timeframes: 2030, 2050 and 2100. For both investors and the planet, limiting warming to two degrees is ideal, […]
In a showdown between tax-free savings accounts and registered retirement savings plans, Canadians have a clear favourite: more than half said they prefer to put their money in a TFSA, according to a new survey by the Bank of Montreal (BMO). The problem is almost one-third (32 per cent) don’t know the difference between the two savings plans. Among millennials, […]
Despite market turmoil, Canadians are saving more in their registered retirement savings plans, led by strong growth among millennials, according to the Bank of Montreal’s annual RRSP study. Nationally, the average amount held in RRSPs is $101,155 — a 21 per cent increase from $83,635 in 2016. Millennials account for the greatest increase in amounts held, at 87 per cent […]
The Shareholder Association for Education and Research is calling on federal policymakers to adopt measures to protect workers’ retirement savings. In a letter to the federal government, the Vancouver-based, responsible investment organization suggested amending bankruptcy law to provide courts with the power to set aside executive and director bonuses and compensation increases where a company with unfunded […]
The Canada Revenue Agency has announced that the maximum pensionable earnings under the Canada Pension Plan for 2019 will be $57,400, up from $55,900 in 2018. Contributors who earn more than $57,400 won’t be permitted to make additional contributions to the CPP. The basic exemption amount for 2019 remains $3,500. The registered retirement savings plan […]
Many Canadians are challenged to overcome barriers to retirement planning, such as the perception that the process is too lengthy, complicated and overwhelming. But if these barriers can be effectively removed, the financial security of Canadians would be improved. As part of its seniors strategy, the Ontario Securities Commission studied and analyzed barriers to retirement planning […]
Compared to the Canada Pension Plan, private plans are more complex in their structure: Fraser Institute
The Bank of Nova Scotia’s deal to acquire independent investment firm Jarislowsky Fraser for $950 million is part of the bank’s strategy to move beyond retail investing, according to one of the bank’s executives. Almost 80 per cent of Scotiabank’s business has been in retail investing, with the rest split between institutional and private investment counsel, […]