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Funeral homes say the flat $2,500 isn't enough.
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Overall, the picture is very different from that portrayed by our politicians.
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At a time when countries around the world are phasing out coal operations, the Investment Fund is holding billions of dollars in coal operations. Canada is far behind in meeting its carbon reduction obligations, and burning coal is the single greatest threat to our climate.
The Fraser Institute has argued recently that the federal government has failed to make a convincing case for Canada Pension Plan (CPP) expansion. But their viewpoint depends heavily on trying to determine how much income Canadians need to retire with dignity. So, do we really need an expanded CPP?
The Commons finance committee is holding an emergency meeting to discuss the plan.
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Returns well below the long-run average.
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Canada's trade deficit with the world swelled to a record level of $3.6 billion in June.
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"The Wynne Liberals owe Ontarians an apology."
That initial job can also serve as an ideal springboard to talk money management with your kids and help strengthen their financial knowledge.
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Finance Minister Bill Morneau's office says the public will have its say later.
Recently the C.D. Howe Institute released a short study just in time for the finance ministers' meeting - rolling out the tired, old argument that as people age, they do not need as much money to live as when they were younger. If only retirement were so easy.
"I think we have reached a balanced approach to setting the objectives that were set out."
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But a large minority worries the economy can't take it.
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.
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A great many people in their 30s and 40s don't expect the Canada Pension Plan to be of much help in their retirement.
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A deal requires the consent of seven of the 10 provinces with two-thirds of Canada's population.
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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.
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.
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The Liberals repeated their support for strengthening the CPP in last week's budget
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"Every generation or two kids get momentarily enthused ... but generally it's people in our generation that actually vote rigorously."
"There are lies, damned lies and statistics" is the well-worn phrase, but nothing better sums up the recent Fraser Institute scare mongering about taxes being the single largest budget item of Canadian households -- as catchy as the headlines may be, it is alarmist spin. Such biased economic exercises raise a fundamental question: Just what indicators should we be using to keep score on Canada's economic performance?
Before we blindly adopt the Australian pension system as our own, we need to take several long moments in deep thought and contemplation -- and look at the evidence. Yes, you are able to invest as you wish. In fact, you are responsible for investing your dollars to achieve the highest rate of return available. Is this something for which you feel capable?
"We will ensure that when a Canadian is promised a pension, they get it."
TORONTO — The CPP Fund had a small investment loss in its most recent quarter but the retirement fund's assets increased by $4 billion overall because of contributions from the Canada Pension Plan. Th...
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Conservatives "will not assist the Ontario government" in the implementation of the Ontario Retirement Pension Plan.
Pension reform continues to hold interest across the country, especially given the willingness of the federal Conservatives to at least talk about expanding the Canada Pension Plan (CPP). Pundits and politicos are weighing in now with blunt talk of "voluntary" or "mandatory" enhancements to CPP. Neither may be exactly what Canadians want. Here's why.
OTTAWA - "What we will not do is reach into the pockets of middle-class Canadians with a mandatory payroll tax like the Liberals and NDP would do." — Finance Minister Joe Oliver in the House of Common...
The pre-election debate on improving the Canada Pension Plan is important and overdue. Despite the Harper government's reluctance, there is a broad consensus that, as a national newspaper said recently, "raising mandatory CPP contribution rates and boosting future payouts are the most prudent, most effective and least costly fix." But that's not enough.
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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.
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.
The jab is the latest in a series of public sparring between Wynne and Prime Minister Stephen Harper over pensions.