Canada Retirement

3 Simple Ways To Save Taxes

Ludovic Siouffi | Posted 02.03.2016 | Canada Business
Ludovic Siouffi

Today, it takes more brains and effort to make out the income-tax form than it does to make the income. - Alfred E. Neuman 1) Prioritize Three Contri...

Know Your RRSP Contribution Limit On Deadline Day

Tea Nicola | Posted 01.29.2016 | Canada Business
Tea Nicola

With the deadline looming, you may wonder how much you can contribute to my RRSP. The simple answer is 18 per cent of your income, each year, but of course there are some additional details to understand.

5 Vital Retirement Planning Tips

Pramod Udiaver | Posted 01.29.2016 | Canada Business
Pramod Udiaver

The average Canadian life span is steadily increasing and is currently in the mid-80s for both men and women. Plan to keep working as long as you can to build a portfolio that will support you well into your 90s. Start saving early even if it is a small amount of money today. It's the little drops of water that make the mighty ocean!

Are Men Afraid To Retire?

CP | Victoria Ahearn, The Canadian Press | Posted 01.22.2016 | Canada Business

Some advice for those contemplating retirement.

Saving For Retirement: Choosing Between RRSP And TFSA

Wade Stayzer | Posted 01.21.2016 | Canada Business
Wade Stayzer

We all know that we should put money away for our retirement. The message has hit home and fortunately many of us are putting away at least 10 per cent -- if not more -- of our net income for our senior years. While this is undoubtedly a good thing, there still exists some confusion about these savings vehicles.

'Green Banana' Dilemma: Should Seniors Curtail Purchases?

Robert Waite | Posted 01.12.2016 | Canada
Robert Waite

Recently I needed to renew my Canadian passport. To my surprise, I was given a choice: Renew for five years (Canada's customary period) for $120, or f...

Do You Really Need An RRSP?

Cleo Hamel | Posted 01.11.2016 | Canada Business
Cleo Hamel

The younger generation does not have the same kind of job security and employers are hiring more people on contract. Some people will choose to start their own businesses instead of being employees. Workplace pension plans are almost extinct. Now it would seem that saving for your retirement is up to you.

Don't Make These RRSP Mistakes When The Market Is Crashing

David Lester | Posted 01.11.2016 | Canada Business
David Lester

The stock market can be more about emotions than economics. Going with the herd and selling in times like this is never the right decision. Boomers need to secure their gains and Millennials need to buy more when opportunities show themselves -- the complete opposite of what happened in 2008.

How To Transition Into An Encore Career

Lyndsay Green | Posted 01.06.2016 | Canada Living
Lyndsay Green

Are you on life's last lap and have yet to make a real difference? That's the angst of some boomers who came of age believing they would change the world, but then life got in the way. Now retiring from the jobs that derailed them from their dreams, they're hoping it's not too late to leave a legacy.

RRSPs Can Be Used For More Than Retirement

Wade Stayzer | Posted 01.05.2016 | Canada Business
Wade Stayzer

With penalties and repercussions feared as a result of such withdrawals, is it any wonder that Canadians are hesitant to take what they would consider to be an unnecessary financial hit? Yet there are opportunities for RRSP funds to be withdrawn without specific penalties.

Bridging The Boomer-Millennial Gap And Overcoming The Succession Challenge

Pierre Somers | Posted 12.17.2015 | Canada Business
Pierre Somers

The problem is that right now, for every two retiring senior executives, there is only one suitable successor waiting in the wings. We are in the midst of a serious succession challenge that needs to be tackled head on.

Canadians Willing To Postpone Retirement To Help Their Kids: Report

CP | Peter Henderson, The Canadian Press | Posted 12.16.2015 | Canada Business

Some said they would even take on debt to help their children.

Why Your Next Job Is Likely To Be An Unpaid Caregiver

Wynne Ma | Posted 12.03.2015 | Canada Living
Wynne Ma

As our aging population increases, and most care homes are privately owned and outside of the budget of the average hardworking Canadian, the only other rational option is to move your Mom or Dad into your family home.

Kobe Bryant Taught Me Hustling Hard Trumps Talent Alone

Muhammad Lila | Posted 11.30.2015 | Canada Living
Muhammad Lila

Dear Kobe, we've never met. If you look up your name in the dictionary, under the part that says "antonym" you'd probably find me. I'm your exact opposite. Still, out of everyone that I grew up admiring, few people taught me more about covering warzones -- and life -- than you did.

Retirement Income Millennials Can Count On

David Lester | Posted 11.30.2015 | Canada Business
David Lester

Instead of putting our faith in the government to shore up our retirement, or the volatile stock market to provide the growth and security for something as important as retirement, there has to be another solution. Annuities just might be that solution for these five reasons.

Bridging The Confidence Gap Between Women And Wealth

Cindy Crean | Posted 11.20.2015 | Canada Business
Cindy Crean

With a longer life expectancy, women have to realize the impact that overly conservative investing can have on their ability to reach their financial goals.

Retirement May Be A Lot Greener For These Boomers

Nancy A. Shenker | Posted 11.17.2015 | Canada Business
Nancy A. Shenker

This is an industry unlike most. It touches on a variety of specialties and professions. Despite the stigma that used to exist around marijuana, now that the business opportunity is significant, many Boomers are coming out of the "weed closet" to begin new or expanded careers.

What The Liberals' Tax Promises May Mean For Your TFSA

Caroline Battista | Posted 11.17.2015 | Canada Business
Caroline Battista

Parliament will reconvene on December 3. While the priority focus will be on marginal tax rates for the middle class and those making more than $200,000, it's worth paying attention to a proposal that was a key promise from the Liberals: rolling back TFSA contribution limits from $10,000 to $5,500.

Reverse Mortgages: The Good, The Bad And The Misunderstood

Samantha Brookes | Posted 10.28.2015 | Canada Business
Samantha Brookes

There are a ton of regulations involved in reverse mortgages, but they are still becoming more and more popular because frankly they can be beneficial. Like any mortgage or loan it is all situational. For some people a reverse mortgage is a great idea and maybe even their best option, but for others it is just a way to incur more debt.

5 Reasons to Convince Your Parents to Get Out of Mutual Funds

Tea Nicola | Posted 10.24.2015 | Canada Business
Tea Nicola

We've all probably met a financial advisor who told us to buy a "balanced mutual fund," and hard sold their own company's "top performing" fund. They tell a good story, but do they really have our best interests at heart?

Older Adults Living on Low Incomes Need Housing Options

Arlene Adamson | Posted 10.23.2015 | Canada Impact
Arlene Adamson

It was recently reported that Calgary has some of the most expensive seniors' housing in Canada, at $3,100 a month, some $1,000 over the national average. There's no doubt that the article has a point: we do need more affordable seniors' housing in this country.

Here's How to Invest in a Volatile Economic Cycle

David Lester | Posted 10.20.2015 | Canada Business
David Lester

My overall idea is that by owning the dividend paying stocks outright you have the potential to make even more money and you know I love to do that. Creating a portfolio that is diversified and paying solid dividends will ensure a retirement asset to fulfill your goals and aspirations. Start paying more attention to your money and it'll pay you back with dividends.

Things for Baby Boomers to Consider When Estate Planning

Suzana Popovic-Montag | Posted 10.20.2015 | Canada Business
Suzana Popovic-Montag

Baby boomers are in a unique position with respect to the potential to be leaving behind estates of significant value. As a result of the previous generation's frugal lifestyles, which were often heavily focused on saving, they are set to reap the benefits in the near future.

Joshua Ostroff

Older Voters 'Could Control The Ballot Box': Moses Znaimer

HuffingtonPost.com | Joshua Ostroff | Posted 10.18.2015 | Canada Living

"Every generation or two kids get momentarily enthused ... but generally it's people in our generation that actually vote rigorously."

Federal Parties Are Fighting to Secure the Senior Vote

Susan Eng | Posted 10.15.2015 | Canada Politics
Susan Eng

What do seniors want? What will seniors get? Who gets the seniors' vote? Now that "everybody knows" that seniors are Canada's most committed voters -- peaking at 75 per cent turnout when the general turnout was 61 per cent in 2011, politicians of all stripes are pitching for their vote.