RRSP contributions are low amongst Canadians who rely on them for retirement While two-thirds of Canadians are relying on RRSPs to retire, Scotiabank’s annual investment poll found that almost half of them aren’t making any plans for RRSP contributions. “We want to encourage as many Canadians as possible to consider contributing to an RRSP and take [...]
Retirement planning can happen at the click of a mouse One in five Canadians are engaging in retirement planning online. The TD Direct Investing Poll found the majority of Canadians now book travel (60 per cent) , research car purchases (59 per cent) and buy event tickets (58 per cent) online. Many also enjoy the [...]
Canadians stayed on budget over the holidays according to RBC poll Canadians gave themselves the gift of debt management over the holidays and started 2013 with confidence, according to a RBC post-holiday spending poll. About seven-in-10 Canadians, or 69 per cent, kept their holiday spending in check, led by residents in Quebec (72 per cent), [...]
Over half of Canadians asked feel comfortable with continuous savings plan Beacon Staff Reporter The annual March 1 deadline for contributing to a Registered Retirement Savings Plan is causing many Canadians stress as they scramble to find the money to make a contribution, a new study revealed. However, the study said that majority of Canadians would [...]
Interest rates steady, Ontario leads as labour market exceeds estimates The labour market in Canada recorded surprisingly-strong gains in job growth last month, defying forecasts. The economy added 39,300 new jobs in December 2012, significantly higher than the expected 5,000. The unemployment rate also fell to 7.1 per cent, most economists were predicting a slight [...]
Circulation of penny will stop Feb. 4, coin will remain legal tender After 108 years and 35 billion coins, the penny enters its retirement phase on Feb. 4 as the Canadian Royal Mint stops circulation. Banks and cash machines across Canada will no longer distribute them. People and businesses are encouraged to submit and swap their [...]
B.C. taxpayers will be paying more, getting less By Jordan Bateman Once the champagne is drunk, the noisemakers go silent, the balloons pop and the New Year’s kisses end, 2013 will bring one nasty hangover for cash-strapped B.C. taxpayers. Taxes, fees and levies from all levels of government are set to go up, leaving even [...]
