Canada’s pension and tax regulations need to be updated to address the lack of decumulation options for the growing number of Canadians nearing retirement, according to Kevin Fahey, chair of the Pension Investment Association of Canada. In a letter sent to Finance Minister Bill Morneau this week, Fahey noted that, while the regulations for capital […]
By the end of January, there will be enough new retirees to fill the Air Canada Centre, Jean-Philippe Provost, senior partner and wealth business leader at Mercer, said at an event in Toronto today. Currently, 5,000 Canadian workers retire each week, a number expected to jump to 8,000 by 2020. While retirees can expect to live, on average, […]