For many Canadians, tax-free savings accounts (TFSAs) may be the most advantageous change made to the tax code since RRSPs were launched in 1957. Many professionals even contend that the popularity of TFSAs will ultimately surpass that of RRSPs. However, despite countless clarifications by [Read more]
As one year passes and another unfolds, it’s time to make Tax Free Savings Account (TFSA) contributions. They’ve been around since 2009 and yet Canadians still largely misunderstand them. The annual BMO TFSA Report says 66 per cent claim to be knowledgeable about TFSAs, but only 22 percent [Read more]
Increased life expectancy has investors worrying that they will outlive their retirement assets, and their anxiety is magnified by concerns about preserving the assets through future market gyrations. This nervousness is reasonable and understandable but there are ways to address it. One is the [Read more]
We hear a lot about the disappearing middle class these days and we should be hearing as much, or perhaps even more, about the plight of seniors mired in poverty. Whether it is because of pensions that underperform or vanish altogether, more seniors are requiring assistance from the [Read more]
Kim Inglis, CIM, PFP, FCSI, AIFP is an Investment Advisor & Portfolio Manager with Canaccord Wealth Management, a division of Canaccord Genuity Corp., Member – Canadian Investor Protection Fund. www.reynoldsinglis.ca. Read her column “Money’$ Worth” every other week here on [Read more]
Michael Ferguson, Canada’s Auditor General (AG), reported to parliament this week and his findings are enough to keep the place busy for a long time. Among them is a worrisome claim that the government’s budgets are not even analyzed by Finance Canada until months after they have been [Read more]
OTTAWA, ON – The Conservative budget has left the provinces in the lurch and put the heat on front line health care workers according to Carol Hughes. Hughes, the MP for Algoma-Manitoulin-Kapuskasing, was on her feet in Question Period grilling the government on broken promises by dumping [Read more]
You may have heard: the retirement security of Canadians is under threat. At the World Economic Forum in January, Stephen Harper called the future of Canada’s Old Age Security (OAS) program into question. OAS provides supplementary income to 98% of Canadians over the age of 65. The government has [Read more]
MP calls on government to attend to Seniors’ concerns OTTAWA, ON – Algoma-Manitoulin-Kapuskasing MP, Carol Hughes is calling on the government to double the Canada Pension Plan, raise the Guaranteed Income Supplement for low-income seniors and protect workplace pensions. In a tongue-in-cheek [Read more]
