Retirement

Threatening Managers Over Climate Risk?

Owen Clark of the Financial Times reports that a large UK pension scheme is threatening managers over climate risk:One of Britain’s largest pension schemes has given its 130 asset managers a two-year deadline to reduce their exposure to climate change or risk being fired.Brunel Pension Partners ...

The best mutual fund companies you’ve never heard of

It’s a sad fact Canadians are still saddled with some of the world’s most expensive mutual fund fees, even though several lesser-known independent fund companies provide quality active management at a reasonably low cost. Part of the problem is that Canadians place so much trust in the dominant ...

How to get a bigger benefit from your RRSP contribution

Q. I am a hairdresser and my retired clients are telling me not to contribute to RRSPs because of all the tax they have to pay on withdrawals. Instead, they say I should contribute to a TFSA because the withdrawals are tax-free. What should I be doing? –Julie  A. Hi Julie. This may sound surpris ...

What’s my RRSP contribution limit for 2020?

If you’re like many Canadians, you’re hoping you’ve paid enough tax in 2019 and may even be looking forward to a hefty tax refund. You can help ensure that happens by knowing the details of your Registered Retirement Savings Plan (RRSP), what sets them apart, your contribution limit and a who ...

Is an RRSP loan a good idea?

Q. My bank is currently offering an RRSP loan for $15,000. According to their calculator, I would receive a rebate of $6,750 for that contribution. If I spread the loan over 5 years, I pay $275 a month and it will cost me $1,554 in interest (3.95%). Is this loan a good idea, and is it worth it for ...

CPPIB's CEO Sounds Alarm on Illiquid Assets

Paula Sambo of Bloomberg News reports that CPPIB's Mark Machin warns on global rush into illiquid assets:The biggest global funds should all be monitoring their investments in illiquid assets, according to the head of Canada’s largest pension fund.“I do ring the alarm bell on not to be too inve ...

Best Canadian Tax-Free Savings Accounts in 2020

Table of Contents The best TFSA savings accounts in Canada What is a Tax-Free Savings Account (TFSA)? Should I use a TFSA or an RRSP? Which type of TFSA might be right for me?   A Tax-Free Savings Account, or TFSA, is a savings vehicle available to Canadians aged 18 and up who have a valid social ...

Tax Hacks. Top 6 Tips to Get the Most out of Tax Season

Are you leaving money on the table when it comes time to file your taxes? Lots of people do. They leave that ratty pile of receipts in the drawer (where they left them last year, too). And they don’t take full advantage of the deductions to which they are entitled.Let’s get your taxes done righ ...

OMERS Set to Double Its PE Exposure by 2030

Lina Saigol and Selin Bucak of Private Equity News report that OMERS is set to double its private equity exposure by 2030:The head of buyouts at one of Canada’s largest pension plans says the amount of cash it plans to invest in private equity will double to around C$30bn in the next 10 years.Ma ...

BlackRock Flips Its Script on ESG?

George Hay of Reuters reports that Larry Fink is slowly becoming part of climate solution:Larry Fink seems to be listening to his critics. The BlackRock boss on Tuesday published his annual letter to CEOs of the companies the $7 trillion fund manager invests in. To a greater degree than in the past ...