Should you defer collecting CPP and OAS?

Can you afford to hold off and increase your payments later? Will you need more CPP and OAS later in life? And how long do you expect to live?

Should you defer collecting CPP and OAS?Most people know they can start collecting their Canada Pension Plan (CPP) at age 60, even though they’ll get smaller monthly payments than if they waited until 65. Many people just want the money now and don’t care about any added benefits to delaying CPP and Old Age Security (OAS). The standard CPP and OAS…

Moral investment constraints too onerous for pension funds

Never mind that reducing the choices available to a fund manager can result in negative consequences for pensioners

Moral investment constraints too onerous for pension fundsSome Canadian institutional investment and pension funds have faced scrutiny recently because they owned or own shares in American prison-management companies GEO and CoreCivic. That criticism is unwarranted and unfair. These firms operate prisons, detention centres and rehabilitation facilities in the U.S. Given that the U.S. incarcerates more people than anywhere else in the world,…

CFIB puts federal election issues on the table

‘Governments haven't always done a great job of understanding the reality of running a small business’

CFIB puts federal election issues on the tableThe Canadian Federation of Independent Business released its Federal Small Business Platform on Wednesday, outlining issues that matter to the group as the nation heads to a federal election in October. “Small businesses employ more than half of Canada's private sector workers and account for 52 per cent of the business-sector GDP,” said CFIB president…

AIMCo delivers 2.5% return for clients in 2018

Institutional investment manager has 31 Alberta-based pension, endowment, government and specialty fund clients

AIMCo delivers 2.5% return for clients in 2018Alberta Investment Management Corp. (AIMCo) reported on Thursday that the aggregate return achieved on behalf of its 14 Alberta pension and endowment balanced fund clients was 2.5 per cent net of all costs. The corporation said it actively selects the assets it invests in within each class, and measures its performance relative to a standard…

One in five young Canadian boomers have no retirement savings

Franklin Templeton survey also says 22% of self-employed Canadians never intend to retire

One in five young Canadian boomers have no retirement savingsA survey released on Wednesday says 21 per cent of Canadian young baby boomers, aged 55 to 64, have not saved anything for retirement. Franklin Templeton's 2019 Retirement Income Strategies and Expectations (RISE) survey also found 46 per cent of Canadian young boomers would consider postponing retirement and 15 per cent of Canadians expect to…

Albertans over contribute to Canada Pension Plan

Alberta paid $27.9 billion more into the Canada Pension Plan than what they received in CPP payments over the past 10 years.

Albertans over contribute to Canada Pension PlanA report from the Fraser Institute says Alberta workers paid $27.9 billion into the Canada Pension Plan over and above what retirees in the province received in CPP payments over the past 10-year period. The report - Albertans Make Disproportionate Contributions to National Programs: The Canada Pension Plan as a Case Study - released Wednesday…

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…

Government debt will worsen the next recession

Governments around the world will go into the next recession with fewer economic management tools at their disposal

Government debt will worsen the next recessionGovernment deficit and debt numbers in Canada are rising due to accounting changes made to better reflect the true nature of government liabilities. Ontario recently revised its deficit and debt projections (based on advice from its auditor general) to better reflect the true costs of pension liabilities and its electricity programs. And because of the…

Recognizing the many faces of poverty in Canada

To have effective policies, we need clear, understandable indicators for the most important dimensions of poverty

Recognizing the many faces of poverty in CanadaThe federal government is to be congratulated on its just-released Poverty Reduction Strategy. The strategy, running to over 100 pages, endorses the idea of an official poverty line, relieving Statistics Canada from the impossible task of finding a purely statistical basis of definition. It further endorses the idea that poverty has many dimensions – including…
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