The Ontario government has stirred up a hornet’s nest with its plan to change the governance structure of the massive Ontario Municipal Employees Retirement System.Municipal governments that employ members of the pension plan claim the new rules will be so costly for them that property taxes will go up by an average of 3%. The […]
Even though some experts say concerns may be overstated, the vast majority of Canadians are worried about a pension underfunding crisis in this country.According to a survey conducted by the Conference Board of Canada in September 2005, four out of five Canadians are concerned that there is a pension underfunding crisis in Canada. Of the […]
Advisors may want to develop a relationship with a tax specialist who can help clients moving to Canada from U.S.
Advisors can help clients take advantage of tax-planning opportunities by picking right fund type
Pension management group says major reform is needed to bring DB pension plans “back from the brink”
A new study by Statistics Canada shows seniors get dinged on some items, yet they save in areas that younger people don’t
If there’s one thing that can be said about retirement, it’s that it’s getting longer and longer. A new report from HSBC Bank Canada on the future of retirement around the world says in 1900, the average length of retirement throughout the world was just over one year. By 1980, it had risen to 13 […]
Individual pension plans provide more income and tax savings for some entrepreneurs and professionals
Pension plan sponsors will almost certainly face higher costs as a result of last year’s market meltdown. Plan surpluses may now be a thing of the past and many companies will have to put more money into their plans to make up for market shortfalls. Are future pensions at risk? Canadian observers may want to […]