Canada Retirement

I May Be Retired But I Still Have Lots to Offer

David Martin | Posted 08.22.2015 | Canada Living
David Martin

Having been retired for five years now, I have to say, for the most part, it has been great. I get to do what I want when I want and, best of all, I no longer have to get up early and trudge off to work.

The Two Sides of the Retirement Equation

Cindy Crean | Posted 08.12.2015 | Canada Business
Cindy Crean

Retirement planning is multi-dimensional. Consideration has to be given to both the quantitative and qualitative factors. Framed another way, it's almost like a tale of mathematics and emotions. Both are equally important as they guide you through the next phase of your life.

Business Should Stop Derailing a Plan for Secure Pensions

Sid Ryan | Posted 07.06.2015 | Canada Business
Sid Ryan

The business community is absolutely shameless in trying to kill the proposed Ontario Retirement Pension Plan (ORPP). Nearly two-thirds of Ontarians don't have access to workplace pensions plans and many of those who do will only have modest benefits to survive on.

This Is Why You Want To Be In A Union When It Comes To Retirement

The Huffington Post Canada | Daniel Tencer | Posted 07.02.2015 | Canada Business

Nearly half of retired Canadians were forced to leave the workforce earlier than they planned, according to a survey from Angus Reid. The poll show...

Let's Become the True North Strong and Debt-Free

Jeffrey Schwartz | Posted 07.15.2015 | Canada Business
Jeffrey Schwartz

Canadians have many reasons to celebrate as their nation turns 148 years old tomorrow. They can even feel a bit of pride in an area that normally provides a healthy dose of shame in the headlines: personal finance. Let's take a look at a list of Canadian financial accomplishments along with lessons we can use to help us become the True North, Strong and Debt-Free.

The Pros and Cons of an Expanded Canada Pension Plan

Rob Brown | Posted 06.12.2015 | Canada Business
Rob Brown

A new report came out this week that reiterates what we've heard from other sources a few times now: Canadians aren't saving nearly enough for retirement. The Deputy Chief Economist of the CIBC warns that without pension reform now, younger workers today will see a steep decline in living standards as they retire. The Conservative government has recently announced it would like to have a dialogue with Canadians about a potential expansion of the Canada Pension Plan (CPP). While this, in itself, is a purely political action -- since it commits the government to nothing -- it is worth looking at what the possible outcomes might be.

Canadian Millennials Are Taking a Cautious Approach to Investing

Cindy Crean | Posted 06.12.2015 | Canada Business
Cindy Crean

Millennials are a cautious bunch when it comes to their money. It's not surprising given the economic downturn of 2008 is still fresh. For many young Canadians, this market chaos was their first experience with investing. But it's important to let cooler minds prevail: avoiding the markets altogether is not wise, especially with so much time on your side.

Canadian Seniors Deserve to "Age in the Right Place"

Arlene Adamson | Posted 08.10.2015 | Canada Living
Arlene Adamson

Those of us in the industry who are committed to providing quality seniors' housing and care -- many of whom also deal with the reality of aging parents -- believe that there is a long overdue conversation that Canadians should be having with their families.

Canadians Prepared For Retirement, C.D. Howe Institute Says

CP | The Canadian Press | Posted 06.04.2015 | Canada Business

OTTAWA - Canadians are saving enough and are reasonably well-prepared for life after work, said a report Thursday by the C.D. Howe Institute, which ch...

The Government Should Help Canadians Retire With Dignity

John McCallum | Posted 06.02.2015 | Canada Politics
John McCallum

Canadians are worried about their retirement. Recent polls show that among working aged people there is a growing concern that they simply won't be financially secure in retirement. This concern is validated by statistical data showing that a significant segment of society is having trouble saving enough. Instead of turning a blind eye to a known problem, the Government of Canada should be trying to help Canadians retire with dignity. Clearly, the time is right. All that is missing is federal leadership. Unfortunately, Canadians just won't get it from Stephen Harper, who has always disliked the CPP.

Here's What The Canada Pension Plan Debate Could Mean For You

CP | Craig Wong, The Canadian Press | Posted 05.28.2015 | Canada Business

OTTAWA - The debate over retirement and the role of the Canada Pension Plan is in full swing on Parliament Hill. Here's a quick look at what the possi...

Millennials: Stop What You're Doing and Start Saving for Retirement

The Reply | Posted 05.22.2015 | Canada Living
The Reply

When it comes to planning for retirement, you should be focusing on one crucial piece of advice: the earlier you start saving, the better. "The longer you save for retirement, the more money you build," says financial security advisor Kirk Bowden in an interview. "Even if it's something small."

Ten Tips on How to Become Filthy Rich

David Lester | Posted 05.17.2015 | Canada Business
David Lester

Think about how you feel about money vs. how wealthy people feel and if your belief system is serving you. If you currently have a positive belief system on money, ah-mazing. Keep it up! If you have a negative association with money, wouldn't it serve you better if your habits were one of a money maverick?

Most Canadians Expect Semi-Retirement -- Or Never Stopping: Survey

CP | The Canadian Press | Posted 06.29.2015 | Canada Business

OTTAWA - A new survey suggests more than half of Canadians either plan to ease into retirement by working reduced hours before hanging it up for good ...

Living Long Shouldn't Mean Living Lonely

Kim Samuel | Posted 08.10.2015 | Canada Living
Kim Samuel

There is a kind of loneliness that cuts even deeper than feeling alone. Social isolation -- the lack of meaningful relationships and human contact and connections -- is a devastating affliction, with impacts ranging from depression to accelerated aging and the risk of early death. Older persons are especially vulnerable.Older people face multiple risk factors: a partner's death, disability, chronic illness, reduced or unstable income, loss of vision or hearing, frailty, fear of falling and fear of forgetting.

Retirement Saving Season Is All Year Long

Cindy Crean | Posted 06.08.2015 | Canada Business
Cindy Crean

With another RRSP season squarely behind us, now is as good a time as any for reflection. The last-minute mad dash to make a contribution is generally at odds with proper savings discipline. You can turn anxiety around by extending your savings plan beyond the RRSP season. Here are a few other tips to keep in mind.

After 50 Years of the Canada Pension Plan We've Run Off Course

Ralph Goodale | Posted 05.30.2015 | Canada Politics
Ralph Goodale

This week, the legislation that originally created the Canada Pension Plan (CPP) will turn 50 years old. The stated purpose of the Canada Pension Plan was to ensure all working Canadians have an opportunity to retire in dignity. It builds on basic Old Age Security to achieve greater social justice linked to progress in the economy. But Canada has big challenges to face in the immediate future if we're to honour Lester Pearson's ambition of a fair, efficient, adequate system of retirement income for all Canadians.

Sponsoring a Child Overseas Can be Sunshine in the Darkness

Debbie Wolfe | Posted 05.11.2015 | Canada Impact
Debbie Wolfe

I've been lucky to have a fulfilling marriage, a job that I love and a life filled with meaning. But like anyone, I'm familiar with the stretches of hopelessness that can come when life gets to be too much -- or not nearly enough. I began sponsoring Alejandro in Bolivia when he was just five, sure that I'd be improving his life. What took me completely off-guard was the way that he's lifted mine.

Are You Ready For ReWIREment?

Deri Latimer | Posted 04.25.2015 | Canada Living
Deri Latimer

To me, rewiring is all about continually moving toward creating the kind of life you want to live. It is about choosing thoughts that help you to experience your life to the fullest. What thoughts can serve you well as you look ahead to the next phase of your life? Here are a few ideas to consider.

Retirement Slips Further Away For Canadians

CP | The Canadian Press | Posted 04.20.2015 | Canada Business

TORONTO - A new poll has found there are more Canadians who expect to be working past age 65 than those who expect to be retired.The annual Sun Life p...

Six People Who Are Redefining Retirement

Posted 02.19.2015 | Canada Living

If 62-year-old actor Mickey Rourke has taught us anything with his November 2014 defeat of a 29-year-old opponent in a Moscow boxing ring, it's that y...

With A Little Help: Why It's Never Too Late To Get Assistance Planning Your Future

Posted 02.13.2015 | Canada Living

As the saying goes, “The best time to plant a tree is 10 years ago. The second best time is today.” Although saving for something that seems as fa...

Why It's Important To Review Previously Established Estate Plans

Suzana Popovic-Montag | Posted 04.09.2015 | Canada Business
Suzana Popovic-Montag

While most people have a good idea of their assets and future income, issues of capacity to make decisions regarding estate plans are much less likely to be present than in older populations. An elderly person preparing a bedside will towards the end of his or her life can raise suspicions, whereas a recent retiree attending the office of his or her lawyer does not raise the same red flags.

Preparing Ourselves for the Economic Challenges of an Aging Population

Bob Stammers | Posted 04.04.2015 | Canada Politics
Bob Stammers

The second-most underestimated risk around the world is as plain as day: the aging population. While the challenges of an aging population are complex, they are also very common sense.

Planning Makes Perfect: The Simple Joy Of Crafting Your Retirement

Posted 02.02.2015 | Canada Living

Retirement can be a joyous time — one that allows you to truly reap the benefits of careful planning and a lifetime of hard work. What shape it take...