A $1 increase reduces private savings by around the same amount In recent years, there’s been a strong push to expand the Canada Pension Plan, and Ontario intends to launch an additional mandatory pension plan in January 2017. Yet the debate about expanding mandatory government-run pensions has largely overlooked the unintended effect on private savings.
Advertisement
Retirement
If Governments Force Canadians to Save More for Retirement, Voluntary Private Savings Will Shrink
on July 24th, 2015
Giving Canadians The Pension System They Need
on June 24th, 2015
It just requires some imagination and a few (but important) tweaks to existing pension and income tax laws What do Canadians want out of a national pension system? I think it’s safe to guess they want at least the following: a system that can be trusted, the lowest cost possible, high rates of return on
Resetting Your Retirement After Divorce
on April 14th, 2015
Retirement planning can face derailment after a divorce. Married, two-income couples have the advantage of splitting living expenses and pooling all their investment assets, including retirement accounts. Once the marriage is over, costs for separate households may limit the ability of ex-spouses to keep their retirement on track. After a divorce, individuals generally walk away
Resetting Your Life for Retirement
on January 6th, 2015
The phrase “downsizing for retirement” is popular with Baby Boomers, the youngest of whom turned 50 last year. It sparks a conversation about transition, which may include buying fewer new things, selling, gifting or donating possessions that are no longer needed and relocating to smaller quarters to create a more comfortable and affordable retirement. If
Medicare Primer 101
on December 26th, 2014
If your 65th birthday is around the corner or you’re anxious about the Medicare open enrollment period (closing Dec. 7), it’s a good time to start focusing on your options. Healthcare choice is becoming a bigger factor in the lives of pre-retirees as the Patient Protection and Affordable Care Act (ACA) – better known as
Financial Advice for New Fathers
on June 3rd, 2014
By Jason Alderman Each year when Father’s Day rolls around, I’m reminded that I wouldn’t trade the experience of raising my two kids for the world. But when I think back to how naïve my wife and I once were about the costs of raising children, I can’t help wishing we’d been better prepared. If
No Retirement Crisis in Canada
on May 7th, 2014
Plans to Expand Government Pensions Based on Faulty Assumptions By Philip Cross The Reality of Retirement in Canada With talks to expand the Canada Pension Plan having stalled, the Ontario government has pledged to roll out its own provincial version. The impulse for a ‘big CPP’ hinges on the assumption that Canadians are too ignorant
How Much CPP And OAS Can You Expect?
on October 25th, 2011
Thinking about your ‘salary’ in retirement, you’re probably starting with the income that is guaranteed. But do you know how much to expect or how to calculate the reduced amount you’ll likely receive? Do you have a good sense of the impact on your taxable income?
Should You Put Retirement on Hold ?
on October 24th, 2011
To make ends meet, many people begin drawing reduced benefits from Social Security before reaching full retirement (65 for those born before 1938 and gradually increasing to 67 thereafter). This can have several financial consequences
Not-so-modest proposals for improving the CPP/QPP
Half of middle-income Canadians over 40 will see a significant decline in their standard of living post-retirement