Special circumstances when surviving partner is not named as beneficiary, or child is named
The estates of clients who die while living in Canada could be subject to taxes in both the U.S. and Canada
Quebec’s proposals may be a good starting point for lightening the burden on Canada’s public pension system
New study says older Canadians don’t necessarily have to be healthy to feel satisfied with their lives
But the practice is not yet prevalent nor can it be done without pension authority approval
Conventional wisdom has it that investing in a home is a good and responsible way to save for retirement. But new evidence suggests property may not be the answer to boosting pension income. The idea is that as the home increases in value and the mortgage is paid off, it becomes an increasingly valuable asset […]
The death of a spouse is a devastating experience, but there’s new evidence that the financial consequences are much more devastating for women than for men. After five years of being alone, a Statistics Canada study indicates, 72% of women face a drop in their standard of living, vs 51% of men.David Shymko, a financial […]
Families receiving the GIS are generally more financially vulnerable than other families headed by seniors
20% won’t repay money despite penalties
Income drops for most people upon retirement — often more than many anticipate — new data from Statistics Canada show