tax-free savings account – Benefits Canada.com

Q&A with PepsiCo Canada’s Jaye Calder

lbailey — Fri, 13 Oct 2023 12:53:01 +0000

The food and beverage company’s manager of pension, benefits and wellness discusses fostering an inclusive and supportive work environment, the importance of flexible benefits and the soothing silence of swimming. Q: What top challenges do you face in your role? A: In the realm of total rewards, simplification versus personalization is the challenge I experience […]

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DC pension plan providers, advisors agree employers should offer, support in-plan decumulation options: survey

lbailey — Mon, 06 Mar 2023 14:00:26 +0000

Defined contribution pension plan providers and advisors say plan sponsors should offer and support in-plan decumulation options, according to a new survey by PIMCO Canada Corp. The survey, which polled 12 DC plan providers and advisors, found more than half (53 per cent) of respondents said their plan sponsor clients haven’t considered implementing in-plan decumulation options, […]

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Half of Canadians planning to contribute to RRSPs despite cost-of-living challenges: survey

lbailey — Wed, 22 Feb 2023 14:00:16 +0000

Half (51 per cent) of Canadians are planning to contribute to their registered retirement savings plans this year — a substantial increase since last year (18 per cent), according to a new survey by Edward Jones Canada. The survey, which polled more than 1,600 adults, found half (51 per cent) said cost of living is […]

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Employers can leverage choice, education to help close pension gap among BIPOC workers

lbailey — Tue, 14 Feb 2023 14:00:47 +0000

Employers can leverage choice and financial education to help close the retirement gap among the Black, Indigenous and people of colour community, says Janice Holman, a principal at Eckler Ltd. A 2021 study by the Canadian Centre for Policy Alternatives, which analyzed data from the 2016 census, found racialized seniors were most reliant on public […]

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36% of younger Canadians already saving for retirement: survey

lbailey — Fri, 04 Mar 2022 14:00:43 +0000

More than a third (36 per cent) of Canadians aged 18 to 25 have already begun planning and saving for retirement, according to a survey by online real estate investment marketplace Fundscraper Capital Inc. “It’s well documented that generation Z and younger millennials have had it much harder than previous generations when it comes to career […]

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Survey finds pandemic is impacting Canadians’ ability to save for retirement

lbailey — Fri, 04 Feb 2022 14:00:42 +0000

Almost half (44 per cent) of Canadians agreed the coronavirus pandemic has negatively impacted their ability to save for retirement and, as a result, 31 per cent have changed their financial priorities, according to a new survey by Edward D. Jones & Co. The survey, which polled more than 1,500 adult Canadians, also found 33 […]

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Expert panel: Why employers should offer group TFSAs in 2022

mdunne — Tue, 18 Jan 2022 14:00:59 +0000

At the start of every new year, many employees resolve to improve their fitness — emotionally, financially and/or physically. One pretty easy way that employers can help workers shape up (financially) this year is by offering a workplace tax-free savings account. A knowledge gap still needs to be filled when it comes to TFSAs — […]

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Canadians still not knowledgeable about RRSPs, TFSAs: survey

Jennifer Paterson — Wed, 12 Jan 2022 20:00:32 +0000

While Canadians are prioritizing saving as they continue to navigate the challenges of the global coronavirus pandemic amid expectations of rising inflation in the coming year, just over two-thirds (64 per cent) know the difference between a registered retirement savings plan and a tax-free savings account, according to a new survey by the Bank of […]

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Six employees discuss their personal roads to retirement

ANNA CAMPION — Fri, 19 Mar 2021 04:57:15 +0000

While 65 has long been considered the traditional retirement age, younger employees face the possibility of working longer. Plan sponsors can learn much from the unique financial journeys taken by different generations toward their eventual golden years. A 2019 Scotiabank investment poll revealed that 68 per cent of Canadians are currently saving for retirement, but […]

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CLHIA calling for flexible annuity options, changes to TFSA rules

bwolfe — Mon, 01 Mar 2021 11:00:35 +0000

The Canadian Life and Health Insurance Association is calling on the federal government to provide Canadians with access to more-secure retirement income. In its submission to the 2021 federal budget, the CLHIA recommended that Canadians in and approaching retirement have access to flexible annuity options within registered pensions, registered retirement savings plans, registered retirement income […]

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