More than a third of all Canadians are withdrawing their RRSPs early, with many using the money to pay down debt or for basic living expenses, according to BMO’s annual RRSP study. At the same time, fewer Canadians plan to contribute to RRSPs this year in comparison to last.
The Canadian government offers plenty of incentives for long-term savers, including couples saving for retirement. Sure, both of you can still open your own individual Registered Retirement Savings Plans (RRSP).
Year after year, debt repayment is listed as the number one financial priority for Canadians heading into the new year. According to a new CIBC poll, 28 per cent of survey takers said paying down debt is their top financial goal in 2017.
Experiencing RRSP confusion? You’re not alone – a recent BMO study finds the number of Canadians investing in RRSPs is on a decline. Here’s what you need to know to get started with your RRSP investments.
An alarming study from the CPA finds nearly half of all Canadians are living paycheque to paycheque. Low interest rates are partly to blame, along with a lack of savings. How can consumers break the paycheque to paycheque cycle? Read on to find out.
Do you suffer from investor anxiety? A recent BMO InvestorLine study finds 97% of Canadians feel uneasy about today’s markets. Here’s how you can overcome anxiety over your investments, and determine if they’re the best fit for your money.
The Conservative government is thinking of offering voluntary CPP expansion as a way to help Canadians save for retirement. Is this the answer to Canada’s savings shortfall? Read on to learn more.
Is an insured annuity a good fit for your guaranteed income plan in retirement? While providing greater returns than a GIC, there are pros and cons to be aware of.
7 in 10 Canadians have an unplanned retirement, according to SunLife Financial. Are you prepared to leave the workforce early?