These days, capital accumulation plan (CAP) sponsors have a big job. Many plan members look to them for advice on their retirement plans. But sponsors don’t want to be accountable for providing it. So how do they deliver on the need for advice, given the risks associated with offering it? Education and information will always […]
Weighing in on group TFSAs June 17, 2010 | Michael Campbell While individual tax-free savings accounts (TFSAs) are growing in popularity among investors, there’s still a gap to fill in the group retirement savings plan market. In 2009, the plan sponsors that typically added the TFSA to their group retirement programs already offered a non-registered […]
Heralded by the federal government as “the most important tax innovation in a generation,” the tax-free savings account (TFSA) will quickly become established as a financial must-have for most Canadians. But will it fit with your group retirement plan?