More

Saving for Retirement

You're Being Taxed on Your Tax-Free Savings Account

Tim Paziuk | Posted 04.25.2013 | Canada Business
Tim Paziuk

I wish we could call a "time out" for politicians. Wouldn't it be great if we could send them to some dark room in Parliament and make them think about what they're doing? I'm talking about the tax you pay on your RRSP and all other types of investment accounts. Tax on TFSAs, RESPs and RDSPs. Yes, you're reading this correctly.

The Top Five Ways to Save For Retirement

Tim Paziuk | Posted 06.19.2013 | Canada Business
Tim Paziuk

When it comes to dealing with money, there are two simple ways to break it down: things you can control and things you can't. Once you understand the things that you can control, the next thing is to "try" not to worry about the things you can't. Here are my top five ways to take control.

Why Canadians Are Being Set Up to Fail for Retirement

Tim Paziuk | Posted 06.04.2013 | Canada Business
Tim Paziuk

It is clearer than ever that most Canadians have to fend for themselves when it comes to retirement. For most retired Canadians, the combination of an employer's Defined Benefit Pension Plan, CPP and Old Age Security (OAS) provided them with a secure retirement lifestyle. This is not the case in 2013. Why?

Be Honest, Are You More Likely to Save for a Vacation Than Your Retirement?

Deborah Nixon | Posted 05.19.2013 | Canada Business
Deborah Nixon

From an early age, we've all been taught that learning to save is a good life skill. It seems, however, that once the kids grow up, they reject this practice and spend, spend, spend. When asked what they would prioritize if they could only save for one thing, 43 per cent of people would save for a vacation before retirement. What are the solutions?

How to Get the Best Return on Your Savings

Posted 02.21.2013 | Canada Business

It's the eternal question: if you want to secure your financial future, how should you go about it? Should you save or should you invest? Well, the ty...

How Much Will I Need for Retirement, and How Can I Ensure I Reach My Goal?

Posted 01.25.2013 | Canada Business

Does the word “retirement” scare you? Is it a far-off goal or just around the corner? No matter where you are in your career path, you should b...

Don't Give Up On That Sunny Retirement Dream Just Yet, Canadians

CP | Paola Loriggio, The Canadian Press | Posted 02.24.2013 | Canada Business

TORONTO - Dwindling pension benefits are forcing many Canadians to rethink how they’ll spend their golden years, but that doesn’t necessarily mean...

Saving The Young From Their Future Impoverishment

Dan Kelly | Posted 10.20.2012 | Canada Business
Dan Kelly

A Bank of Montreal poll found that almost a third of young Canadians haven't saved a penny for retirement, and only 10 per cent have given much thought to exactly how much money they're going to need to retire. Clearly, we need to get these folks saving, and fast. I'd like to see today's young Canadians -- particularly those without a gold-plated public sector worker or MP pension -- wind up with something, rather than nothing for their retirement. PRPPs can help employees at private sector small businesses save money for the future.

6 Tips To Keep Your RRSP From Imploding

CBC | Posted 03.19.2012 | Canada Business

If there's one constant investors have faced over the past few months, it's been volatility. The swings have been downright wild at times, as headline...

TFSAs Allowing Rich To Get Payouts Meant For The Poor

CP | Dean Beeby, The Canadian Press | Posted 12.23.2011 | Canada Politics

OTTAWA - Wealthy Canadians are getting access to a retirement benefit that was intended for the elderly poor, suggests a new report on the country's r...

How You Think About Money Is as Important as How Much You Have

Kathy Barthel | Posted 11.13.2011 | Canada Living
Kathy Barthel

Often it's how you think about money that is keeping you from having enough to live on comfortably. Is it better to be poor and happy than rich and unhappy? Are you optimistic that things will work out somehow? What beliefs have you developed about money and are they sound?