Canada Retirement

How To Retire Early In The Sunny Okanagan

Coreen T. Sol, CFA | Posted 10.05.2016 | Canada British Columbia
Coreen T. Sol, CFA

With real estate prices soaring in the lower mainland of Vancouver, many Baby Boomers are now considering the opportunity to pocket the extra cash value in their homes, allowing them to move to a dream lifestyle-community, like Kelowna, Penticton or Vernon, years sooner than they had expected. The question is, "How much do I need for this plan to work?"

5 Things To Consider For The Next 5 Years

Linda Simpson | Posted 09.22.2016 | Canada Living
Linda Simpson

I used to look at my life in terms of decades. How was I going to make my mark with each decade? That was easy until I retired and left me wondering what my 60s would bring as a decade. It had certainly started out brilliantly with my first grandchild being born on my 60th birthday.

3 Risks To The Aging Population Of Canada

Michael Gazer | Posted 08.24.2016 | Canada Living
Michael Gazer

Canada is experiencing a demographic shift. Baby boomers, currently the largest generation, are rapidly reaching retirement age. By 2021, 17.8 per cent of the total Canadian population will be over 65 - that's nearly seven million people. By 2041, that number is expected to jump to 9.7 million, or 22.6 per cent.

Millennials, Don't Be Duped Into Thinking Property Equals Wealth

Garth Turner | Posted 08.16.2016 | Canada Business
Garth Turner

The fact Firecracker and Wanderer have eschewed real estate in favour of an early idleness, and are actually of Asian (!) heritage, has turned a lot of newsroom cranks. After saving madly, living on air and investing their 500 grand (with me), these guys ended up claiming to be the nation's youngest retired millionaires. My callers? Not so much. The liquid assets among 35-year-olds who have been working for seven or eight years is breathtaking. There aren't any. Instead, all the cash has gone into lifestyle, a soul-sucking condo or repaying student debt. The kids basically have no idea what an RRSP is, or an ETF, and equate a TFSA with a high-interest savings account at the bank.

Canada Post's Unsustainable Monopoly Must Embrace Competition

Jasmin Guénette | Posted 08.16.2016 | Canada Business
Jasmin Guénette

Technological innovations may be reducing our reliance on old-fashioned mailing services, but the European experience shows that postal operators can adapt without forcing consumers to shoulder greater burdens. However, this is contingent on a process of liberalization, privatization and increased competition.

25 Retirement Gifts That Will Make Them Feel Appreciated

The Huffington Post Canada | Joy D'Souza | Posted 08.10.2016 | Canada Living

Personal gifts are the best gifts.

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.