Canada Retirement

Small Business Ideas For Small Town Semi-Retirees

Jacki Andre | Posted 07.25.2016 | Canada Business
Jacki Andre

I think a lot of us dream about earning money by doing what we love. Semi-retirement is the perfect time to do this, since have more time and freedom, and any income earned is (very hopefully) supplementary.

Canadian Retirees Are Better Off Than Americans: Study

The Huffington Post Canada | Jesse Ferreras | Posted 07.20.2016 | Canada Business

Retired Canadians really do have it better than their southern cousins do. At least according to the 2016 Global Retirement Index, anway. The in...

A Letter To My Younger Self

Cindy Crean | Posted 07.19.2016 | Canada
Cindy Crean

Close to 42 per cent of investors believe the Canadian economy will enter into a recession in 2016, according to the Market Sentiment Report by Sun Li...

You Should Move To A Small Town And Semi-Retire

Jacki Andre | Posted 07.18.2016 | Canada Living
Jacki Andre

Small-town living is a nice compromise between farm and "big" city life, and has a lot of perks. You have a better view of the Milky Way, less traffic, and lower crime rates than in the city, but you also have a community of people watching out for you and lending a hand when you need one.

6 Reasons It's Important To Both Save And Invest

Posted 07.12.2016 | Canada Business

We list six reasons why it’s important to both save and maximize your hard-earned dollars.

Opportunities To Save In A Day

Posted 07.04.2016 | Canada Living

It may seem like you can’t afford to save, but there are daily opportunities to be frugal.

Saving And Investing: Which One Do I Choose?

Posted 06.27.2016 | Canada Living

There are many ways to save and invest, and both are important to your financial well-being.

Historic CPP Expansion Agreement Is Something To Celebrate

Susan Eng | Posted 06.21.2016 | Canada Business
Susan Eng

Savour the moment: This is the first public pension reform in a generation and will go a long way to improving retirement security for today's workforce, 11 million of whom have no workplace pension plan to help them save. Younger voters, given credit for the Trudeau election win, might not have known it at the time but this is for them!

Expanding Canada Pension Plan Key To Lasting Retirement Security

Charles Sousa | Posted 06.20.2016 | Canada Politics
Charles Sousa

Fifty years ago we fixed the problem through vision and leadership by creating the CPP. Today we need to fortify the CPP to give future generations of Canadians confidence that they can live with dignity when their working life comes to an end. It's a proven and sensible approach.

These Apps Will Make You Richer

Posted 06.20.2016 | Canada Living

Want to be smarter with your money? Head to the app store to find hundreds of useful programs that help track your spending and organize bills so that you can head down the path toward affluence.

What Are Some Housing Options For Seniors Who Want To Live Alone?

Jacki Andre | Posted 06.17.2016 | Canada Living
Jacki Andre

I did not get to usher my parents into old age, or really even into retirement living. My grandparents had all passed away by the time I was 19 years old. I have no direct experience caring for elderly people. As a result, I'm not sure what I can expect my own day-to-day life to look like when I am "old."

The Straight Truth: A Pension Plan Hike Is A Terrible Idea

Dan Kelly | Posted 06.16.2016 | Canada Politics
Dan Kelly

There will be a lot on the line for Canadian workers and business owners. But it's not too late to put the brakes on a proposal that will destroy jobs, hold back wages and even push some businesses over the edge in years to come.

5 Things Executives Need To Know About The Gig Economy

Michael Carter & Caleb Rubin | Posted 05.27.2016 | Canada Business
Michael Carter & Caleb Rubin

The Uber economy and related growth in income precariousness is a pressing social and cultural issue and one that needs more innovative thinking and action. But there's another side to the labor disruption underway: for highly skilled professionals, consultants, knowledge workers and accomplished executives -- the gig economy offers the opportunity for an unprecedented level of career control and satisfaction.

Canadians Need A Better Public Pension Plan Not Empty Promises

Susan Eng | Posted 05.20.2016 | Canada Politics
Susan Eng

The Trudeau government's first budget offered hope but little change on increasing the CPP in our lifetime. After extolling the virtues of the Canada Pension Plan, we're told that the finance ministers talked about enhancing the CPP last December and set a goal of making a collective decision before the end of 2016.

For Healthy Aging, Stay In Control

Timi Gustafson, R.D. | Posted 05.18.2016 | Canada Living
Timi Gustafson, R.D.

Being able to make decisions for themselves signals people that they are still alive and that their lives still have meaning, Duhigg writes. Even deciding to stage a nursing home insurrection can become proof that someone is alive and can assert authority over his or her actions.

It's Time To 'Un-Park' Those Last Minute RRSP Contributions

Cindy Crean | Posted 04.18.2016 | Canada Business
Cindy Crean

Now is a great time to re-visit your portfolio. Investing too conservatively could impact your ability to reach your long-term goals. In fact, you could actually be losing money once you factor in inflation, especially in today's low interest rate environment.

Liberals' 2016 Budget Opts For Big Spending Over Restraint

Alexandre Laurin | Posted 03.23.2016 | Canada Business
Alexandre Laurin

We've seen this story before in the mid-1990s, when out-of-control deficits and an impending sovereign debt crisis led to painful spending cuts and tax increases. The government is wrong to make the return to budget balance conditional on strong economic growth. Population aging is already taking its toll on long-term projections, and too many unforeseen events can derail the fiscal path. Only tight fiscal discipline can balance the budget within a reasonable timeframe, protecting Canadians' standards of living from future large tax increases and cuts to government services.

A Lack Of Planning Can Land You In The Retirement Trap

Timi Gustafson, R.D. | Posted 03.21.2016 | Canada Living
Timi Gustafson, R.D.

Routines that helped structure their days and that are now falling by the wayside can leave a considerable void. Those who have no plans other than getting more sleep or enjoying a favourite pastime (golf comes to mind) can find themselves unprepared for that extra amount of leisure.

Owning Stocks In Retirement Is Not As Risky As Some People Think

Tim Paziuk | Posted 03.18.2016 | Canada Business
Tim Paziuk

If you're retired and living off the interest you receive from your fixed income investments (regardless of what the interest rate is), your capital is dropping in value every day. This drop in value is not noticeable on your statement, but is certainly noticeable when spending your money.

'Manopause' Is Real And Should Not Be Ignored

University of Toronto News | Posted 03.07.2016 | Canada Living
University of Toronto News

A 65-year-old man notices he's feeling more tired lately. He's gaining weight and losing muscle. He can't get as many erections, and generally feels foggy and unwell. His family doctor takes some blood tests and rules out thyroid problems, high cholesterol and blood sugar issues. The only finding is low testosterone -- but that's a normal part of aging, right?

Elders Living Alone With Their Abusers Are The Worst Off

University of Toronto News | Posted 03.04.2016 | Canada Living
University of Toronto News

A new study examining elder abuse -- released by researchers at the University of Toronto, Cornell University and Weill-Cornell Medical College -- has found that older adult victims living alone with their abuser were up to four times more likely to endure more severe levels of mistreatment.

Canada And Mutual Fund Fees: Why We're Failing

Ludovic Siouffi | Posted 02.26.2016 | Canada Business
Ludovic Siouffi

In a 2015 global study by Morningstar, Canada's investment environment was rated the worst in the developed world when it came to Fees and Expenses. Don't worry, though, there's good news; our D- score is up from the F earned in 2014. The real question is the implication of our less-than-impressive grade.

Is It Our Fault That We Are Not Saving Enough For Retirement?

Douglas Hoyes | Posted 02.25.2016 | Canada Business
Douglas Hoyes

While it is a worthy goal to maximize your savings prior to retirement, it is even more important that you retire debt free. If you retire and are still making payments on car loans, mortgages, or high interest rate debts like credit cards and payday loans you require a much higher income in retirement to survive.

Last-Minute RRSP Contribution? Avoid These Common Mistakes

Cleo Hamel | Posted 02.22.2016 | Canada Business
Cleo Hamel

The first major financial deadline of 2016 is February 29. This is the last day you can make a contribution to your Registered Retirement Savings Plan (RRSP) and claim the contribution on your 2015 tax return. You still have the first 60 days to make contributions but with the leap year, the deadline is midnight at the end of the month.

Make This The Year Of A New Financial Strategy

Cindy Crean | Posted 02.12.2016 | Canada Business
Cindy Crean

The 2015 Sun Life Financial Annual Check-Up found that 66% of Canadians say their debt level is the same or worse than it was at this time last year. Though 67% say they're optimistic about 2016, only 13% note that paying down debt is among their top three New Year's resolutions. Just four per cent rank savings as a top resolution. Now is the time to make that change!