Women more likely to put careers on hold to care for loved ones

CIBC study says 30% of women have reduced or stopped saving as a direct result of care responsibilities

Women more likely to put careers on hold to care for loved onesA new study by CIBC says 69 per cent Canadian women make significant financial sacrifices, including putting their careers on hold to care for loved ones, which can put them at a considerable disadvantage to men when it comes to saving for their retirement. The study also found that 30 per cent of women say they've…

The nomadic life of retirement tourism

Among the many fascinating people found in San Miguel de Allende was a couple who sold everything to travel the world

The nomadic life of retirement tourismI’ve just returned from San Miguel de Allende full of interesting new experiences gathered in a 475-year-old Mexican central highlands town renowned worldwide for its hospitality to culturally creative folk. Those visitors like to rent 300-year-old casas, practise speaking Spanish and participate in a nuanced cosmopolitan life. The local media refer to this phenomenon as…

CPP takes bigger bite from Canadians

But much of the justification for expanding the pension plan is debatable or downright wrong

CPP takes bigger bite from CanadiansBy Jason Clemens, Jake Fuss and Milagros Palacios The Fraser Institute Canadians likely noticed that their first paycheque of 2019 was slightly smaller than in 2018, even if they got a raise. The decline in after-tax income is because the first of several tax increases to finance an expanded Canada Pension Plan (CPP) took effect…

CPP contribution hikes penalize workers, dampen the economy

When the government makes employment more expensive, the sure result is fewer jobs

CPP contribution hikes penalize workers, dampen the economyThe federal government began 2019 by taking a bigger bite out of workers’ paycheques: the combined employer and employee Canada Pension Plan payroll tax rose from 9.9 per cent of earnings to 10.2 per cent. It’s the first of five annual payroll tax hikes. By the time the CPP tax hike is fully phased in, a…

There is no reason to stop living at 65

Retirement is a choice, so get out there and get involved

There is no reason to stop living at 65We see them everywhere. Retired members of our community, all over town, enthusiastically engaged in activities. Either they are enjoying a game of golf or shopping at the mall; working in their gardens or swimming at the pool; sometimes taking the bus to an activity centre for a game of cards with friends. These are the…

The hard truth about CPP’s failures

Canadians receive meagre rates of return on CPP contributions and the program has other key shortcomings

The hard truth about CPP’s failuresBy Charles Lammam and Hugh MacIntyre The Fraser Institute Misperceptions plague the public’s view of the Canada Pension Plan (CPP), despite efforts to provide some clarity. Mark Machin, chief executive officer of the Canada Pension Plan Investment Board (CPPIB) – the organization tasked with investing CPP contributions – recently hit the road in a cross-country…