Industry News

Affordability a barrier to RRSP contribution

Affordability continues to be a barrier for Canadians hoping to increase their nest eggs before the March 1st RRSP contribution deadline (64%, compared to 59% in 2011, 53% in 2010), finds a Scotiabank poll. Read: Be careful about RRSP withdrawals “An investment may be more affordable than you think—the key is to get a solid […]

By Staff |January 15, 2013

1 min read

Tax return help busted for tax evasion

On January 8, 2013, Joseph Wijeyesekere of North York, Ontario, pleaded guilty in the Ontario Court of Justice in Toronto to four counts of tax evasion. A fine of $21,027.50 was imposed by the court which represents 125% of the total amount evaded.

By Staff |January 15, 2013

1 min read

Financial habits of Boomers, Gen X, Millenials

Each generation, from Boomers to Gen X to Millennials, have specific attitudes towards money and saving influenced by when they grew up and the realities of their life stages. “Understanding what motivates your generation to save can help identify useful financial planning strategies for each stage of your life,” says John Tracy, senior vice president, […]

By Staff |January 15, 2013

3 min read

Canadians worried about lack of retirement savings

Clients nearing retirement may be facing the hard reality that they can’t afford the post-work lifestyles they wanted. It’s likely they haven’t saved enough to cover rising inflation, changes to CPP and OAS, or the fact that they’re going to live longer. Read: Goodbye retirement? In fact, 30% of Canadians aren’t sure how long their […]

By Staff |January 15, 2013

2 min read