Retirement (Canada)

Canadians can expect a tax hike as senior population grows: report

Canadian workers won’t be able to carry the financial burden of the country’s aging population, even if they stay in the workforce longer, according …

Money (Canada)

Firms, including Sears Canada, not making up pension-plan shortfalls as fast as they could: CCPA

OTTAWA — A report by the Canadian Centre for Policy Alternatives recommends that payments to shareholders such as dividends and share buybacks by …

Business (Canada)

Quebec finance minister set to announce personal income tax cuts

Quebec’s finance minister is expected to announce personal income tax cuts Tuesday as well as changes to the province’s welfare system.<p><b>READ MORE:</b> …

Canadian News

Quebec Rolls Out Pre-Election Tax Cut, Plans to Borrow More

Quebec will cut income taxes ahead of a scheduled election next year after Premier Philippe Couillard’s government confirmed its second consecutive …

Economy

John Ivison: Canada's wealthy may have started a tax revolt, and Ontario is the first to notice

OTTAWA — Last week’s Ontario fiscal update may have yielded the tax equivalent of a butterfly moving its wings in one jurisdiction and causing a …

Canadian News

Canada Pension Plan is safe for generations, says CEO of investment board

In his travels to every province and one territory over the last 17 months, British-born Mark Machin was struck most by one thing about …

Business (Canada)

Tax-loss harvesting can be effective way to lower CRA hit

<b>I own a few stocks that have dropped in price and I want to sell them to claim the capital loss for tax purposes. Is there anything I should be aware of before I pull the trigger?</b><p>Tax-loss selling, also known as tax-loss harvesting, can be an effective way to lower your tax hit.<p>But you have to …

Finance

Personal Investor: Why investors should act their age

Dale Jackson<p>Your Personal Investor<p>Follow|Archive<p>Ah, the good old days. Looking back on your younger days, you might shudder to think of how you could …

Business (Canada)

Liberals' 'tax the rich' plan showing poor results

Rather than generate revenue, wealthy earners in N.B. reported income declines<p>New figures show ​New Brunswick's 6,000 wealthiest earners largely …

New Brunswick

Quebec the big winner as migrating seniors cost BC millions

Because Canada’s public health-care funding model doesn’t account for interprovincial migration, the movement of seniors from province to province …

Canada

Pattie Lovett-Reid: Why you shouldn’t bank on an inheritance to fund your retirement

Pattie Lovett-Reid<p>Chief Financial Commentator, CTV<p>Follow|Archive<p>There are some who will be counting on a big lottery win or an inheritance to fund …

Business (Canada)

Letters to the Editor, Nov. 16

<b>GOING TO POT</b><br>There seems to be a lot of talk and buzz with a mounting movement to boycott established stores that want to or will sell pot. Nobody …

Canadian News

If your former spouse is ‘allergic’ to work, do you still have to pay support?

A persistent irritant for spouses obliged to pay spousal support is the recipient spouse who refuses to work.<p>For the many payors who continue to work …

Canadian News

Personal Investor: Too much RRSP can be a bad thing

Dale Jackson<p>Your Personal Investor<p>Follow|Archive<p>One of Canada’s leading think tanks is calling on Ottawa to raise the limit on registered retirement …

Retirement

CPP assets inch up to $328B

Canada's national pension plan had $328.2 billion in assets at the end of September, and posted a net return of 0.7 per cent from the end of June.<p>The …

Canada

Personal Investor: Setting the record straight on CPP

Dale Jackson<p>Your Personal Investor<p>Follow|Archive<p>Maybe it’s a Canadian thing, but have you ever noticed how we love to slag the Canada Pension Plan? …

Business (Canada)

Why it’s time to rethink the ‘outdated, unfair’ RRSP contribution limit

If you diligently maximize your RRSP contributions each and every year but have this nagging feeling that you may end up worse off in retirement than …

Retirement

RRIF withdrawals: How to calculate your rate

<b>Q:</b> I am turning 71 this year and I will be converting my RRSP to a RRIF. I understand I have an option to withdraw a lesser amount since my wife is …

Retirement

Retired Saskatchewan reservist says he’s being denied teaching pension benefit

A retired reservist who served in Afghanistan says he’s being denied the opportunity to buy back pension benefits for his teaching job.<p>Rod Dignean …

Canadian News

Ontario Premier Kathleen Wynne promises 30,000 new long-term care beds over 10 years, without detailing price tag

The Ontario Liberals announced in Hamilton 20 new programs in Hamilton directed at assisting seniors navigate their way to a better healthy …

Canadian News

10 retirement planning questions, answered

(EpicStockMedia/Shutterstock)<p><b>1. Am I saving enough for retirement?</b><p>Ah, the million-dollar question. Lets look at a specific example, shall we? Say you …

Retirement

6 questions about the Paradise Papers

Approximately 2,700 Canadian individuals and 560 Canadian corporations have been named in the Paradise Papers, a massive leak of documents from a tax …

Canadian News

Personal Investor: Investment myths that could ruin your retirement

Dale Jackson<p>Your Personal Investor<p>Follow|Archive<p>November is Financial Literacy Month. It’s a time when we’re normally bombarded with …

Business (Canada)

PARKIN: The not-shocking truth about Morneau’s pension and infrastructure plans

Anyone who thinks Bill Morneau might get dropped as finance minister is forgetting a key fact: He does what investors and CEOs want from a finance …

Canadian News

Personal Investor: 2018 TFSA limit boils down to politics

Dale Jackson<p>Your Personal Investor<p>Follow|Archive<p>Contrary to popular belief, the expected $5,500 tax free savings account contribution limit for 2018 …

Business (Canada)

Newly elected Calgary councillor turns down pension, transition allowance

Jeromy Farkas says he won't take part in retirement package that would be too generous for someone his age<p>A newly elected city councillor says he …

Canada

Get in on dividend sprinkling before tax reforms: CIBC

CIBC is letting investors know how they can brace for the Liberals’ proposed tax changes.<p>Canadian small business owners should capitalize on …

Business (Canada)

Top tax tips for year-end

Jamie Golombek, managing director of tax and estate planning at CIBC Financial Planning and Advice, joins BNN to break down CIBC's top year-end tax …

Business (Canada)

Bill Morneau’s ethical challenges and scary pension reform

Karl Nerenberg | November 21, 2017<br>The finance minister faces an ethics investigation for his sponsorship of Bill C-27. The Bill is also dangerous for …

Canadian News

Quebecers to pay more, get more from QPP, starting in 2019

Finance Minister Carlos Leitão tables bill to ‘mirror’ increases in CPP<p>Quebecers will see their contributions to the province's public pension plan …

Canada