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Navigating Life’s Major Events
Financial planning can help you prepare for life’s major financial events. Creating a financial plan helps you set both short-term and long-term goals, an important step in mapping out and navigating your financial future.

TFSAS NOW MOST POPULAR
TFSAs (tax-free savings accounts) are now the most popular retirement savings vehicle with Canadians, says the Office of the Superintendent of Financial Institutions (OSFI), surpassing RRSPs (registered retirement savings plans).

September 11
There's much tragedy going on in the world today, Harvey, Irma, and the list continues.... lest we not forget the past and stay unified as 'one people'. Solidarity and support across the nation. #AlwaysRemember

Matheis Financial Group Announces Key Appointment
Harry Matheis, CEO of Matheis Financial Group is pleased to announce the appointment of Mary-Anne Rogers as Vice President, Corporate Services.

Estate Planning Basics
Proper planning can help you avoid estate planning mistakes.

Rethinking Investment Risk
Low interest rates are a significant risk for investors approaching retirement.

Investing Insights from Warren Buffett
Warren Buffett's sensible approach to investing makes his advice highly sought after.

Will Your Retirement Savings Last?
Determining if you’re on track for a comfortable retirement.

Happy St. Patrick's Day
May your troubles be less and your blessings be more

CPP Enhancement Legislation Proclaimed
CPP improvements will increase the maximum CPP benefit by about 50 per cent

Stay organized and on top of filing your tax returns this year.
Stay organized and on top of filing your tax returns this year.

More Withdraw from RRSPs
Almost four out of every 10 Canadians admit they’ve withdrawn money out of their RRSP early and almost a fifth of them don’t ever expect to replenish what they’ve taken out, says a BMO survey.

Money Facts 2017
RRSP and TFSA contribution limits explained.

The Risk/Return Trade-Off
Your financial goals will help determine the right level of risk in your portfolio.

The Impact of Rising Interest Rates
With interest rates rising in the U.S., in time the Bank of Canada will increase rates

Changing Tax Status Hurts Canadians
Amending the federal Income Tax Act to end the tax-free status of employer-provided group health and dental benefit plans, replacing it with a system of refundable tax credits for individuals would have serious negative consequences for Canadians, Canadia

It’s time to end the stigma and talk about mental health
Today, for every tweet using #BellLetsTalk, Bell donates 5¢ to #MentalHealth initiatives.

Employers Unprepared For Enhanced CPP
Most Canadian employers have yet to begin preparing for the integration of the expanded Canada Pension Plan (CPP) with their total rewards strategies, says Aon Hewitt.

Casual Fridays Is For The Dogs
Boomie says "TGIF"

Taxable Benefits Require Finesse
Providing employee benefits and non-cash incentives can be a win-win for employers and employees as employees are often drawn to organizations that offer benefits beyond only a pay cheque.

Trump Presidency Drives Global Factors
The Trump presidency and the geopolitical turbulence to come with it will drive global macroeconomic factors in 2017

The Value of Advice
Research has uncovered the measurable value that advisors provide.

Staying on Track
A long-term approach to investing is the best way to meet your financial goals.

Seasons Greetings!
Wishing you all the best for the holidays and the New Year.

Decumulation Strategies Can Fail
Typical strategies for drawing down one's life savings in retirement fail badly when confronted with a worst-case investment scenario

Should You Set Up a Spousal RRSP?
Tax advantages of spousal plans depend on income and age.

Work Needed In Canada
Dramatically aging populations, declining birth rates, and a lack of robust retirement systems will see many countries struggle under the burden of providing adequate pensions to their senior citizens without drastic action, says the ‘Melbourne Mercer G

Take Control of Your Retirement Income
A significant number of Canadians are approaching retirement and living off a fixed income, now is the time for investors to take control of their retirement income.

RRSPs Need Enhanced Access
The Investment Funds Institute of Canada (IFIC) wants the federal government to take measures to enhance access to registered savings plans such as group RRSPs.

DB Plans Overcome Brexit
The health of Canadian defined benefit pensions improved quarter-over-quarter

Pensions Hold Up Deal
Canada Post has issued a 72-hour lockout notice to the Canadian Union of Postal Workers

Lessons from the Best: Benjamin Graham
Stay invested, do your research and focus on the long term

Statement by Minister of Finance and Associate Minister of Finance on Ontario Approving the Agreement on CPP Enhancement
Charles Sousa, Ontario Minister of Finance, and Indira Naidoo-Harris, Associate Minister of Finance, have confirmed Ontario's approval of the agreement in principle to enhance the Canada Pension Plan (CPP):

The UK Votes for Brexit
Canadians awoke this morning to news that Britain has voted to leave the European Union in yesterday’s Brexit referendum.

CPP Enhancement Solution Reached
Canada’s finance ministers have agreed on a Canada Pension Plan (CPP) that would increase the maximum amount of income subject to CPP by 14 per cent, which is projected to be equal to roughly $82,700 in 2025.

ORPP Thinking Should Start Now
Employers who must join the Ontario Retirement Pension Plan (ORPP) should start thinking now about strategies to address the cost, says Katherine M. Pollock, a partner at Fasken Martineau.

Saving Strategies and Timeframes
Don’t short-change your short-term savings.

Estate Planning Essentials
Five tips to create a plan that’s right for you.

Province Passes Ontario Retirement Pension Plan Act
Ontario is expanding pension coverage to over four million workers without an adequate workplace pension plan.

ORPP Act Passed
Ontario has passed the Ontario Retirement Pension Plan Act

Senior Women Most Vulnerable
Single seniors living alone, most of whom are women, and especially single seniors with limited or no work history, are financially vulnerable in retirement, says a study by the Fraser Institute.

Public Drug Spending Increases
Spending by Canadian public drug plans increased by an average of two per cent in 2013/14, reversing a multi-year trend of low or negative growth, says the Patented Medicine Prices Review Board.

Life Expectancy Continues To Rise
The life expectancy of Canadians continues to rise, says Statistics Canada.

Benefits At Cross Roads
With baby boomers leaving the workplace, employers are facing the biggest upheaval in workplace culture for 30 years, says Paul Pittman, founder of the Human Well.

DB Versus DC Debated
‘What's Better DB or DC?’ That was the focus of a panel discussion with Robert Brown, a consultant, retired professor of actuarial science at the University of Waterloo

ORPP Offers Efficient Retirement Security
The Ontario Retirement Pension Plan (ORPP) is an efficient, cost effective way to provide retirement security for Ontarians, says Mahmood Nanji, associate deputy director of the Ontario Retirement Pension Plan Implementation Secretariat.

Lessons from the Best: Warren Buffett
Insights from one of the world’s most successful investors.

Planning for Retirement? Know the Risks to Your Portfolio.
You can’t always control when you retire or what happens next in the markets. You can, however, control what you’re invested in.

ORPP Could Break Barriers
Ontario’s commitment to the ORPP initiative provides a unique opportunity to break through the historical barriers to full workplace pension plan coverage in Canada,

New Government, New Taxes—get into the know.
It’s no secret that the new government has been shaking things up when it comes to taxes. What might be less obvious are the impact these changes will have on your disposable income now, and your financial plans for the future.

Money Worries Distract Workers
Half of working Canadians (42%) feel distracted at work because they are worrying about money, says Manulife's ‘Financial Wellness’ study.

CGIB Goes ‘Back to Basics’
Harry Matheis to speak at CGIB session April 6th in Vaughn

Golden Rescue - a heart warming story
A heart warming story on a chilly Friday. See if you can spot our Matheis team members Patti and Harry Matheis.

The ABCs of TFSAs
Here’s what you should know about a key investment account.

DC Members Need More Assistance
Canadians workers who participate in defined contribution pension plans need more assistance from their employers in understanding their retirement options within those plans, says a report from BlackRock Asset Management Canada Ltd.

RRSP or TFSA
When it comes to saving for the future, should you use an RRSP or a TFSA? The answer depends on your financial goals.

Life In Retirement Positive
Canadian retirees are living on 62% of the income they had before retiring

ORPP Update
Many Canadians are not saving adequately for retirement and, unless action is taken, will face a decline in their standard of living when they retire.

Tax Changes in 2016. Are you Impacted?
What you need to know about the government’s proposed changes to our tax structure.

ORPP Step Towards Retirement Security
Ontario's new public pension plan is “a big, bold step towards retirement security”

ORPP Details Revealed
Ontario has announced further design details of the Ontario Retirement Pension Plan (ORPP)

Young Canadians Saving Earlier
The younger generation of Canadians are getting the message to start saving early and build a nest egg for retirement

Employers Fail To Deliver On Wellness
Most Canadian employers understand the importance of workplace health and wellness programs, but many aren't delivering the right programs or communicating them to their employees effectively, says a survey by GoodLife Fitness.

Annual Physical Coverage Ends In Ontario
Ontario will no longer cover the cost of a full physical examination for healthy patients between the ages of 18 and 64.

Maximizing Your RRSP for a Secure Retirement
Tips for building a nest egg to comfortably fund your golden years.

Don’t Skip Your Financial Checkup
Working with a financial advisor can be one of the best ways to meet your financial goals.

That was New Years. This is now.
Now that the holiday season is over, this is a great time to check in on your resolutions and see how you’re doing.

Year in review: Canadian Edition
The events that shaped Canada’s financial markets in 2015.

Year in review: Global Edition
Events in three countries – China, Greece and the U.S. – drove markets in 2015.

Ontario Proceeds With ORPP
Ontario will proceed with its plans for the Ontario Retirement Pension Plan (ORPP) until there is a national solution to improving retirement savings for Canadians,

Ready for Retirement?
Your advisor can help you prepare for life after work.

Employers Should Prepare For ORPP
Employers should continue to prepare for both the Ontario Retirement Pension Plan (ORPP) and an expanded Canada Pension Plan (CPP),

Where’s your Money going to go in Retirement?
Predicting how much money you need for retirement may seem difficult, but knowing the top five areas that retirees spend money on can give you a place to start planning.

Retirement – A Good Time and a Long Time
When you think of retirement, do you think of vacations, beaches, family time and maybe just a little golf too? Retirement is something – no matter how it looks – that we’re all looking forward to.

The Realities of Investing
Investors tend to look at the positive long-term performance numbers of a selected portfolio believing its short-term performance will mirror the outcome.

Study Shows Cost Of Healthcare
A typical Canadian family of four will pay $11,735 for public healthcare insurance in 2015,

Take this job and… maybe keep it a while
Retirement today looks very different than it did a generation ago.

Plan now, play later. How much will you need to retire comfortably?
Planning for a comfortable retirement can seem somewhat intimidating, but these three steps will put you on the right track.

Highlights from the 2015 Federal Budget
The 2015 Federal Budget was the first for Finance Minister Joe Oliver, and it tabled a number of proposals that will impact the financial, tax and estate plans of Canadians

The Four Top Ways for Employers to Avoid Liability to Employees for Disability Benefits
One of the most difficult issues faced by employers when terminating employees is how to deal with benefit coverage during the severance period.

Say Yes! to Tax-Free Income
Tax-Free Savings Account has emerged as a leading investment channel among Canadians

Financial Planning Tips for 2015
Don’t let uncertainty derail your long-term plan this year

Health Benefits Help Engagement
Employee engagement is higher when workforces are satisfied with the health and well-being benefits their employer provides,

Golden Rescue: 2014 A Golden Year To Remember
A year in review from an organization we love and support.

Happy Holidays from the Matheis team!
Merry Christmas, Happy Holidays. Season's Greetings, and all the best for the New Year!

The year in review
The events that shaped financial markets during 2014

Generating income from your portfolio
Create the income stream you need for a longer retirement

Show them the money!
Gifting money to your adult children can come in many forms but always starts with a discussion

Canadians No Healthier Today
Canadians are not any healthier than they were a decade ago, despite having much more knowledge of what makes up a healthy lifestyle

Health Primary Reason For Retirement
Choosing a retirement date may be harder than believed

Before you name your executor
The duties of an executor are demanding, time-consuming and often complex. Selecting a good executor for your particular situation requires an understanding of the duties and relevant trust legislation, plus a great deal of care.

Everyone changes. Our portfolios should change with us
Building a portfolio that reflects your long-term needs is only the first step in planning for your future

Managing your budget between Thanksgiving & the Holidays
Some tips for avoiding the post-holiday heartache of opening your credit card statement

Changes to the Employment Standards Act
Effective October 29, the act entitles eligible employees to three new unpaid, job-protected statutory leaves of absence

Planning for your retirement
Key points to consider as you develop and refine your retirement plan.

RESPs Benefit from free money – and more
Registered Education Savings Plans (RESPs) – a great way to save for your child’s education.

Prepping your kid for school
Start planning today to get your child better prepared for the world … of university

You build your wealth. Now ensure more of it is transferred
You build your wealth. Now ensure more of it is transferred

Get more mileage from your travel dollars this summer
Planning your summer vacation; get more mileage from your travel dollars this summer

Long-term investing - Focus on your goals, not market “noise”
Long-term investing - Focus on your goals, not market “noise”

Diversification means the world to your portfolio
Diversification means the world to your portfolio

Your 2014 summer reading list
10 great books for you and your family

The advantages of working with a financial advisor
The advantages of working with a financial advisor

Whether you buy or rent a cottage depends on your personal situation
If you want to escape your everyday hectic life for some rest and relaxation at the cottage

Couples Fail To Discuss Retirement
More than two-thirds (68%) of not-yet-retired Canadians aged 50 and older have yet to discuss their hopes for their post-career lives with their spouses or partners, says the annual ‘RBC Retirement Myths & Realities Poll.’

Lack Of Budget Hurts Retention
While businesses in the Greater Toronto, ON-Area (GTA) have come a long way, there is still progress to be made in strategically balancing their budgets while satisfying their employees, says a Lannick Group of Companies survey.

Saving Should Run Through Retirement
People should continue saving throughout their retirement to reflect the likely pattern of their essential expenditure in old age

Decline In Financial Literacy Comes With Age
With aging, there is a decline in financial literacy, as well as with health literacy, says Dr. Tarek Rajji, of the Centre for Addiction and Mental Health

Canadians Moderately Prepared
The average Canadian is moderately prepared for retirement

Older Canadians Carrying Debt
Canadians currently holding some form of debt expect to be debt-free by the age of 53

CPP Campaign Renewed In Fall
The Canadian Labour Congress will renew its campaign this fall for enhanced CPP this fall

Ontario Plan May Impact Pay
The Ontario government’s proposed provincial pension plan could cost individual Ontarians up to $3,420 a year or nearly $7,000 for a working couple, says Philip Cross, former chief economic analyst for Statistics Canada.

Pension Very Important
Business owners should plan to rethink their compensation structures

Benefits Cost Stabilizes
The cost of providing employee healthcare benefits has stabilized around the globe

Member Understanding A Decumulation Risk
There are a number of risks faced by retirees when it comes to creating a retirement income stream. These include inflation, market volatility, longevity, liquidity, member behaviour, and estate planning. In terms of member behaviour, he said the members

Utilization Drives Up Drug Costs
While drug costs rose in 2013 by 3.5%, up from 1.4% in 2012, drug inflation was not the main reason. Instead, says the Green Shield Canada ‘2013 Drug Study,’ the cost driver was utilization, a result of claimants are getting older, getting sicker, and

Work-life Balance Influences Retention
The top three drivers that influence attraction and retention of talent in Canada are work-life balance, diversity, and the opportunity to be involved in interesting, meaningful work, says the ‘Kelly Global Workforce Index.'

Poverty Among Seniors Concerning
“Poverty among seniors is concerning,” says Jack Mintz, director and Palmer chair in public policy at the School of Public Policy at the University of Calgary. Addressing the session ‘Are Sustainability and Security Achievable?

Employee Engagement Levels Rise
Employee engagement levels and their perception of their overall work experience are following suit in a majority of regions worldwide, says research from Aon Hewitt. Its annual study indicates that employee engagement levels increased to 61% in 2013, up

Debt Keeps Canadians From Saving
60% of Canadians say their current level of debt does not allow them to save as much as they would like, with 31% of Canadians unable to save any money at all, says a study by a group of Canadian credit unions.

Aged Employees Entitled To Severance
Employees who could retire with a full pension are still entitled to a severance package if they are terminated without cause

Life Expectancy To Hit 90
The life expectancy for the average Canadian is expected to reach 90 years of age towards the end of the century, says a report from the Office of the Superintendent of Financial Institutions (OSFI).

Retirement Saving Relies More On Individuals
The responsibility for financial security in retirement is falling even more heavily on individuals than ever before and this trend is likely to continue as government resources in countries around the world become scarcer, says Natixis Global Asset Manag

RRSP Withdrawals Not Pensions
Withdrawals from a registered retirement savings plan (RRSP) are not the same as a pension, says a Tax Court of Canada decision. The ruling arose from a case where an individual tried to claim RRSP withdrawals as a pension credit on their tax return.

Tax-efficient investing and you
Have you heard about Series T and Corporate Class investments yet? If the idea of paying your taxes at a later date – when you could be in a much lower tax bracket – sounds like a good idea, Series T and Corporate Class investments may be right for yo

Useful tips for filing your taxes
It’s tax time again! Although this isn’t the highlight of many people’s year, here are some useful tips to keep in mind to make your tax filing go a bit smoother.

CPP Expansion Helps Economy
Expanding the Canada Pension Plan would benefit Canada’s economy and this expanded economy would make an improved CPP affordable, says a CBC news report.

Canadians Spend More On Health Insurance
Spending by Canadians on private health insurance has more than doubled over the past 20 years, but insurers paid out a rapidly decreasing proportion as benefits, says a Canadian Medical Association Journal study.

Risks Concern Plan Sponsors
While traditional defined benefit plans are a very cost-efficient means of attracting and retaining talent, their inherent financial risks have become an increasing concern for plan sponsors, says Ronald Olsen

DB Retiree Spending Boosts Economy
Ontario defined benefit retirees spend approximately $27 billion a year on goods and services, creating employment and boosting the economy, says a Healthcare of Ontario Pension Plan (HOOPP) white paper on retirement adequacy.

New Border Rules Spell Trouble for Snowbirds
Starting June 30, Canada and the U.S. will scan travellers’ passports as they enter and exit the country. Before, the countries only scanned passports upon a traveller’s entry

Make capital preservation a part of your diversified financial plan
There has always been an element of risk and volatility in financial markets, because investments generally rise and fall in value in response to many known and unknown factors. One of the best ways to protect your assets from these types of market fluctu

Lower your taxes with a Spousal RRSP
The registered retirement savings plan (RRSP) deadline has already passed and although you likely have a plan in place for your own RRSP contribution, have you thought about contributing to your spouse’s or common-law partner’s RRSP as a part of your

Budget Essentials – Putting a plan to paper
To many people, a budget is simply an overall outline for where the money they have available will be allocated over a certain time period. Although a budget is a great way to track your expenses based on your day-to-day needs, at the end of the day (or m

Mutual Funds Shift Into High Gear
After starting the year with lacklustre returns in January, mutual funds in Canada that invest in equities shifted into high gear in February, posting strong gains, says data from Morningstar Research Inc.

Early Retirement Incentive Changed
Alberta has decided not to scrap early retirement incentives for public sector workers.

Top-up Gives Opportunity To Save
With appropriate educational tools, which should be developed by the government, and not left to employers, a CPP voluntary top-up would give workers a low cost opportunity for retirement savings, but also allow them to make their own informed decisions a

Home Is Plan For Retirement
As housing prices continue to rise in large Canadian cities, nearly a quarter of Canadians plan to use their homes as their primary source of income after they leave the workforce

Highlights from the 2014 Federal Budget
The 2014 budget proposes a number of tax measures that may impact your clients’ financial planning strategies. To support you in your communications, we have summarized some of the key proposals from this year's budget.

It’s Your Future. Don’t Get Left Out in the Cold!
Though we all know that winter comes around every year, it’s easy to forget what it can feel like when the sun’s out and we’re enjoying a cool drink on our decks. There’s a parallel to this feeling in the investment world.

RRSP Numbers Recovering
6 out of 10 Canadian adults (59%) now own RRSPs, after dipping to 55% in 2012, and the amount they plan to contribute by this year's March 3 deadline has risen to an average of $4,653, up about $500 compared to last year, says the ‘24th Annual RBC RRSP

Future Retirees Comfortable About Goals
More than half (55%) of future retirees in Canada are comfortable that they are on track to achieve their retirement goals, says a poll for the Bank of Nova Scotia. This is on par with results from a 2012 poll.

RRSPs, RPPs Declining
The proportion of RRSP contributors has declined, says a fact sheet from the Office of the Superintendent of Financial Institutions (OSFI). It also shows that the proportion of employees covered by a registered pension plan (RPP) declined by two percentag

Majority Relying On CPP
A majority of Canadians are relying on the Canada Pension Plan, many of them heavily, to get through retirement, says a Bank of Montreal survey.

Mental Health Causes Absenteeism
Mental health issues are a significant contributor to absenteeism in the workplace which is costly to the Canadian economy, says the Conference Board of Canada.

Life Expectancy Linked To Retirement Expectations
There is a strong connection between subjective life expectancy and retirement expectations, says a research paper by the Center for Retirement Research at Boston College.

Retirement Cut Short
Retirement has been cut short for 30% of older Canadians with close to half (48%) being forced back to work due to financial reasons, says a survey by ING DIRECT.

Canadian Stocks Likely To Outperform
Canadian stocks are likely to outperform American stocks in 2014, says a report from CIBC World Markets Inc.

Employers Expand Focus On Well-being
As U.S. companies grow increasingly concerned about the financial well-being of their workforce, employers are looking for new ways to improve the long-term financial health of their employees in 2014, says a survey by Aon Hewitt.

Retirement Grows More Expensive
Retirement is expensive and will become even more expensive in the future with improved longevity, says Jean-Claude Ménard, chief actuary in the Office of the Chief Actuary for Canada.

Sponsors Will Exploit Funded Status
Defined benefit plan sponsors will exploit their enhanced financial status to implement changes that will be beneficial going forward in 2014.

Young Can’t Count On Inheritance
Younger Canadians feel that they are not getting ahead financially and they shouldn't count on an inheritance

Wellness Reduces Chronic Costs
Corporate wellness programs may reduce some healthcare costs but not others

Fewer Contribute To RRSPs
Fewer Canadians plan to contribute to their registered retirement savings plans (RRSP) this year

Don’t wait until the deadline to contribute to your RRSP
The registered retirement savings plan (RRSP) deadline is just one of those things that creeps up on most Canadians. Instead of waiting until the beginning of March to make your lump sum contribution, you can start making the most of your savings today.

Happy New Year
Our team wishes you and yours a very happy new year. All the best for 2014!

Happy Holidays from the Matheis team
Seasons greetings from our team. May the holidays find you happy, healthy and surrounded by the ones you love. All the best for the New Year.

Funding Retirement Expensive
Funding retirement is expensive and it will get more expensive, says Jim Keohane, president and chief executive officer of the Healthcare of Ontario Pension Plans. And, as baby boomers move into retirement, "we as society will have to pay for it. We can d

CPP Enhancement Would Work
Tax incentives for retirement savings, workplace defined contribution pension plans, private workplace defined benefit plans, and other voluntary saving schemes are not providing Canadians with retirement savings, says Michael Wolfson, Canada research cha

Poverty Among Seniors Rising
Poverty among Canadian seniors is on the rise and current pension safety nets may be inadequate to address the problem, says a study on global pensions by the Organization for Economic Co-operation and Development. It shows that Canadians over 65 years of

TBFs Possible Answer
Target benefit plans (TBPs) are a possible answer to many problems facing pension plan design, says an article by Fred Vettese, Morneau Shepell’s chief actuary in its ‘Visions’ newsletter. In ‘Target Benefit Plans, Game-Changer or Non-Starter?’,

Financial Crisis Accelerated Pension Reform
The global financial crisis has led to an acceleration in the reform of public pension plans across developed economies, but further changes are needed if retirees are to receive adequate incomes without placing too much stress on government finances, say

Chronic Conditions Keep People From Working
Chronic conditions common in older age finds strong associations with people being out of labour force, particularly when conditions are paired, says an Institute for Work & Health (IWH) study. Despite a growing effort on the part of policy-makers and emp

Retirement Date Unexpected
Although a large majority (80%) of Canadians approaching retirement believe they will get to pick the day they step away from their careers, in reality 41% of retirees report that they did not leave on a date of their choice

Benefits Attract Employees
More than three-quarters of U.S. employees say that the benefits package an employer offers prospective employees is extremely (33%) or very (45%) important in their decision to accept or reject a job

Standard Life's New Education Centre
Inertia happens when plan members are either overwhelmed with information on retirement planning, are pressed with other priorities, or just don’t think it’s relevant to them right now.

Mental Illness Leading Cause Of Disability
One in five Canadians every year will experience some form of mental illness

Retirement Income Possible Crisis
Canada is headed for a “huge economic crisis” if the provinces and federal government don’t take action now to improve retirement incomes, says Ontario’s premier.

Young Can’t Afford To Save
Young workers lack the resources to start saving effectively for retirement, despite enthusiasm over employer-sponsored retirement plans

Millennials Become More Engaged
So-called Millennials – the generation entering the workplace after 2000 who have often been characterized as self-interested, difficult employees – are becoming more engaged the longer they are in the workforce,

Small business exemption to increase – regularly
The potential rewards of investing in small business, farming and fishing are about to get better. In its 2013 budget earlier this year, the federal government announced two changes that will help entrepreneurs secure their retirements and facilitate the

R is for registered – and rewards
It pays to know your ABCs and, especially, your Rs.

Security for a loved one with a disability
Family members who care for an individual with a disability often worry silently how their loved one’s needs will be paid for in the years ahead. Canada’s Registered Disability Savings Plan (RDSP) can provide peace-of-mind, since it offers a way to sa

Look before you leap into mortgage insurance
We all love convenience, but it can have a steep price. That’s the case when your friendly lender offers you mortgage life insurance as an “add-on” to your new mortgage. Although it’s smart to arrange protection – coverage to pay off your mortga

Money saving ways to enjoy world travel
Travel is one of life’s pleasures, but it may seem out of reach if you’re raising a family or worry about spending your retirement savings. Take heart, with a bit of creativity and advice from seasoned travellers, you may be able to do much more than

CPP Maximum Hiked
The Canada Revenue Agency will increase the maximum pensionable earnings under the Canada Pension Plan (CPP) for 2014 to $52,500, up from $51,100 in 2013.

Green Bonds Emerge As Frontrunner
Green bonds are emerging as a frontrunner to fund environmental investment and have garnered a considerable amount of attention from both investors and environmentalists, says a TD Economics report. ‘Green Bonds: Victory Bonds for the Environment’ say

Myths About Lying Exposed
Eye contact, body movement, and incoherence are not indicators that someone is lying, says Jason Voss, content director at the CFA Institute. Speaking at the CFA Society Toronto session ‘The Psychology of Deception: Fiction and Reality,’ he said studi

Study Looks At Retirement Saving
Only 26% of Canadians think they are saving enough to meet their future retirement needs

De-accumulating Assets Needs Consideration
As the defined contribution plan population approaches retirement in larger numbers, consideration needs to be given to de-accumulating assets, says Elizabeth Boyd, a partner, Blake, Cassels & Graydon LLP.

Smokers Hurt Bottom Line
Smokers take a toll on the bottom line of their employers, says a Conference Board of Canada report. On average, each smoker cost their employer an estimated $4,256 in 2012, more than $3,800 in lost productivity due to unsanctioned smoking breaks and more

Co-workers Important To Return To Work Strategies
It takes a village to reintegrate an employee that has been off due to illness or injury, says Ellen MacEachen, a scientist for the Institute for Work & Health and associate professor at the University of Toronto, Dalla Lama School of Public Health.

Flu Shot Program Offered
Shoppers Drug Mart and Morneau Shepell are working together to provide Morneau Shepell's clients with a more convenient way to offer flu vaccines to their employees. Employees can now enjoy the convenience of getting their flu shot at a Shoppers Drug Mart

Illness Impacts Young Workers
Young workers and seniors are the most impacted when they need time off work due to an illness or disability because less than half are covered by employer sick leave and disability leave plans, says a Conference Board of Canada report.

DB Members Don’t Collect GIS
Canadian retirees with defined benefit pensions are far less likely than other retirees to collect the government’s Guaranteed Income Supplement (GIS), shows a study on the economic impact of DB pension plans.

Corporate Canada Positioned To Capitalize
Corporate Canada has never been in a better position to capitalize on a U.S. economic recovery, says CIBC World Markets Inc.’s ‘Composite Indicator of Corporate Canada's Strength.’ "While it is widely expected that stronger growth in the U.S. next y

Americans Expect To Work Longer
Almost one in five Americans expects to work to age 70, says a Swiss Re survey marking the start of 'National Save for Retirement Week.' It shows 19 per cent of respondents believe they will be working at least until the age of 70 and 12 per cent believe

Ontario Considers Provincial Plan
Ontario is reportedly looking into launching its own pension plan to supplement the Canada Pension Plan. Numerous media outlets report the province is tired of waiting for Ottawa to increase CPP benefits.

Need To Save For Retirement Recognized
Small owners recognize the need to help employees save for retirement and appear open to government support on the issue, says the 2013 ‘Manulife Financial Small Business Research Report.’

Mandatory Retirement Impacts LTD
The end of mandatory retirement may soon start raising issues when it comes to long-term disability coverage

Employers Starting To See Importance
Paying attention to healthy employees and those with chronic conditions will pay off, says Dawn Noordam, senior consultant, at Towers Watson.

Using Brain Keeps It Sharp
The more you want to use your brain ‒ and the more you enjoy doing it ‒ the more likely you are to stay sharp as you age, says a study from Concordia University's Department of Psychology published as part of ‘Canada’s Healthy Workplace Month.’

Aging Drives Workforce Absence
Demographic forces are helping drive up the Canadian workforce's reported absence rates owing to illness

Workers Miss Average Of Two Weeks
The average Canadian worker was absent the equivalent of almost two full work weeks in 2011, says a Conference Board of Canada study.

Canadians Can’t Afford Retirement
Nearly one in five Canadian workers (17 per cent) ‒ compared to 12 per cent globally ‒ expect they will never be able to afford to retire fully

Buy versus rent
With interest rates near historical lows and housing values continuing high, the allure of buying a home versus renting is understandably strong. But is it right for you now? Here are some guidelines and tips to help with this decision.

Exit strategies for an RESP
Ever wonder what happens to money in a Registered Education Savings Plan if the child doesn’t head off to a qualifying post-secondary school? In fact, RESPs are designed to be flexible for families. You actually have choices!

Got enough to retire?
If retirement is just around the corner, you may be wondering if you have enough savings to get you through it. Planning is the critical first step to enjoying a comfortable retirement, yet two-thirds of pre-retirees have no idea how much they’ll need i

CPP Was Easy Solution
When the Canada Pension Plan was launched in the mid-1960s, they took the easy way to deal with impoverished seniors

Fewer Live Pay To Pay
Fewer employees are living pay cheque to pay cheque, says the Canadian Payroll Association’s national employee survey.

Mature Want To Work On Their Terms
More than half (57%) of mature workers desire to keep working, but on their terms, says a study by Ceridian and CARP.

Manulife Licensed To Offer PRPPs
Manulife Financial is the first Canadian company to be issued a license to administer federal pooled registered pension plans (PRPPs).

U.S. Could Learn From Canada
As compared to the U.S., Australia, Canada, and the Netherlands provide higher retirement income for more of their citizens through their social security and universal/quasi-universal employer retirement plans,

Aging Population Offers Opportunity
While an aging population is certainly a public policy challenge, it also represents an investment opportunity

Baby Boomers Short Of Retirement Savings Goal
On average, Canadian baby boomers are more than $400,000 short of their retirement goals

Mental Health Grabs Attention
The issue of mental health in the workplace has grabbed significant employers' attention over the last few years

Average Increase 2.6 Per Cent In 2014
Canadian employees can expect an average salary increase of 2.6 per cent in 2014

Pension versus a lump sum
People who either retire early, change employers or are laid off may have to make a critical decision about their company pension plan. Typically, there are two main choices: 1) take a pension, either right away or starting at a specified date in the futu

Sudden Wealth?
Have you come into a lot of money? Whether you've received an inheritance, sold a business, exercised stock options, won a lottery or received a settlement from an insurance claim, your emotions are no doubt running high. Our team's advice is uniform: Go

Consumer Debt: Stop the Bleeding
One of the most important principles of good financial management is minimizing consumer debt. It’s difficult to invest and grow your money when a chunk of your cash flow is going to interest payments.

Healthcare Costs Plateau
The increase in the cost of employer-sponsored health and dental benefits in Canada plateaued in 2012, says a survey by Towers Watson. It shows that for active employees, the overall employer healthcare spend increased just 2.1 per cent in 2012, down from

3 Estate Planning Mistakes
The best way to learn is through mistakes. So here are three common estate planning offences.

Canadians Need Better Retirement Options
Canadians need better options to help them achieve a secure retirement income and that leaders from all sectors ‒ public, private, and labour ‒ must work together to make pensions more sustainable and flexible, says a report summarizing the National S

RESPs: When to get started?
The cost of a post-secondary education continues to climb – and it’s never too early to open a Registered Education Savings Plan, or RESP. From a newborn to a teenager, the benefits kick in almost immediately and the sooner you get started, the faster

Effective Communication Success Factor
Five factors contribute to a successful workplace wellness program, says a study by the RAND Corporation. ‘Workplace Wellness Programs Study’ says, among other things, employers cite the importance of broad outreach and clear messaging from organizati

Longer Life Hurts Pension Plans
Not only are Canadians getting older, they're also living longer. And while long life is usually a good thing, it has significant implications for sponsors of defined benefit pension plans,

Financial Advisors Slow To Adopt Social Media
While a recent study shows more than two-thirds of all online adults are using social networks, financial advisors are much slower to adopt social media for their businesses, says a poll by SEI.

Registered versus open plans
Our team receives regular queries from clients about whether they should be using registered or non-registered (open) accounts to save for retirement. Of course, every situation is unique but here are some guidelines that we provide.

More options than ever under CPP
New Canada Pension Plan rules are giving working Canadians greater choice and flexibility when it comes to taking their CPP retirement pension.

Money management tips for students
College or university is often the first time young adults taste the freedom of being on their own – but it also means taking some responsibility for personal finance. With good planning, students can have some money left over for a social life and avoi

Advisors Expect Stock Rise To Continue
Canadian investment advisors expect stocks to continue to rise even as they turn increasingly bearish on precious metals and the Canadian dollar, says the third quarter of 2013 ‘Advisor Sentiment Survey’ by Horizons ETFs Management (Canada) Inc.

Healthcare Top Concern For Employers
Healthcare is the top concern for employers, but funding pensions is not far behind, says research by Prudential Financial in collaboration with CFO Research Services.

Premiers Must Improve Healthcare
Canada's premiers must seize the opportunity to push for improvements to pensions, healthcare, and the economy

Benefits Available To Small Employers
Workplace health benefits programs will be more accessible and manageable for the country's smallest employers under a benefits product introduced by Manulife Financial.

Delaying Retirement Reduces Alzheimer’s Risk
People who delay retirement have less risk of developing Alzheimer's disease or other types of dementia

Retirement Canadians Carrying Debt
Almost 60 per cent (59 per cent) of retired Canadians say they are carrying debt, says a CIBC poll. Among this group, 19 per cent say the amount of debt they are carrying has increased in the past 12 months.

Pension Reform Missing Mark
Voluntary pooled pensions and reforming the Canada Pension Plan to close gaps in Canada’s retirement savings will “miss the mark” because governments are thinking too small, says a study by the Institute for Research on Public Policy.

Senior Care Could Overwhelm Healthcare Systems
Long-term senior care is not an immediate priority for national agendas and has the potential to overwhelm the healthcare systems of many countries, including Canada, says KPMG's global healthcare practice report.

Better CPP Hurts RRSPs
If the federal and provincial governments decide to increase mandatory contributions to the Canada Pension Plan (CPP), Canadians may, in turn, reduce voluntary contributions to RRSPs, says a study from the Fraser Institute.

Drug Coverage Needs Overhaul
The prescription drug coverage system in Canada is clearly in need of a major overhaul, with unequal pricing, rising costs, and a patchwork of drug coverage offered to Canadians.

Access To Locked-in Funds Easier
Ontario is making it easier for people to access locked-in retirement funds by shifting the responsibility for providing access in cases of financial hardship from regulators to financial firms directly. Beginning January 1, 2014, individuals will be able

Health Costs Expected To Rise
Employee health, drug, and disability costs have increased significantly or are expected to rise, says a survey of Canadian financial leaders by the Canadian Financial Executives Research Foundation (CFERF), sponsored by Morneau Shepell.

Supreme Court Rules on Drug and Alcohol Testing in Unionized Workplaces
A divided Supreme Court has ruled for the first time on the issue of drug and alcohol testing in unionized workplaces.

Matheis Team Golden Angels
Patti Matheis volunteers her time to Golden Rescue, and in this month's edition of The Guardian Newsletter she and Harry have been featured for their efforts.

Smoking Policy Should Include Bans
Smoking bans on all company property both indoors and outdoors should be a visible part of a comprehensive non-smoking policy in Canadian workplaces, says a Conference Board of Canada report. Additional measures, such as smoking cessation programs, would

Employees Struggle With Chronic Ailments
Over half of Canadian employees (55 per cent) struggle with chronic illness or injury and subsequently place a greater burden on the Canadian healthcare system.

Sponsors Believe Canada In Retirement Crisis
A majority of 165 pension plan sponsors who responded to a survey by Morneau Shepell believe that Canada is experiencing a retirement crisis.

Behaviour Motivation Programs On Rise
Employers are increasingly focusing their recognition programs on employee behaviours.

Government Adding Short-term Disability
The Canadian government will introduce, for the first time, a short-term disability program to support employees through illness.

Wellness And Organization Vitality Linked
A strong link exists between the wellness and vitality of an organization and the health and wellness of its employee

Smokers Cost Employers More
Employers have to pay almost $6,000 more a year to employ a member of staff who smokes compared to a non-smoking employee, says research by the Tobacco Controljournal. U.S. researchers found that several factors ‒ including absenteeism, smoking breaks,

‘Top Ten’ Canadian Success Story
Canada’s 10 largest public pension funds, dubbed the 'Top Ten,’ provide Canadians with one of the strongest retirement income systems in the world and also contribute significantly to national prosperity, says a study by the Boston Consulting Group.

Best Advice: Start Saving Early
The best advice for the average Canadian is to start a retirement saving program early while time is on your side, says Paul Owens, deputy superintendent of pensions for Alberta.

Framework Needed For Long-term Investing
Despite the advantages of long-term investing, governments, regulators, investors, and others will not take a long-term view without the right frameworks in place, say a commentary from six Canadian pension plan on the draft ‘OECD Principles of Long-Ter

Drug Spend Dollars Wasted
Those who are not prepared will not be successful dealing with the rising cost of healthcare, says Steve B. Miller, senior vice-president and chief medical officer of Express Scripts. He told 'The Future of Canadian Drug Spend' session at CPBI Forum 2013

Retirement Bad For Health
While it may provide an initial sense of relief and well-being, over the long-term, retirement is bad for your health, says a study out of the U.K. The Institute of Economic Affairs’ ‘Work Longer, Live Healthier’ suggests that retirement increases t

Employers Offer Nutrition Programs
Two-thirds of Canadian organizations responding to a Conference Board of Canada survey offer nutrition programs, but less than half measure the impact of their programs on employees and few organizations are aware of what their initiatives eat up in costs

Hard Saving Now
The failure of Canadians to save for retirement may not be because they are lazy and irresponsible, says Jill Taylor-Smith, of Eckler Ltd. She told its ‘Reality Check: Coming to Grips with the Future of Capital Accumulation Plans in Canada’ seminar th

Green Perceptions Engage Employees
Workplace perceptions of employers’ environmental programs and practices help sustain high employee engagement

Canada Economy Expected To Grow
Canada’s economy is expected to grow between 1.7 per cent to two per cent this year

Opportunities of a testamentary trust
Our team often wonders why more Canadians aren’t taking advantage of a testamentary trust. It’s a relatively easy and incredibly flexible strategy that lets you control assets beyond life and potentially save your heirs significant tax, year after yea

Step back before buying a new home
In recent months, some banks and other institutions have been tempting potential home buyers by offering mortgages at eye-popping low rates. At the same time, other market observers warn that housing prices are likely to fall, so potential home buyers sho

Manage summer spending to increase savings
It’s a well-known (and discouraging) fact that Canadians aren't saving enough. Summer is coming but that doesn't mean you have to wait until the fall to boost your savings. There is no better time than the present to increase the amount you are putting

Few Want To Plan For Retirement
People who look forward to planning their retirement are few and far between, says the Desjardins ‘Personal Finance Index.’ It found in Quebec, only 46 per cent of the population actually engages in this type of planning. "Financial education is secon

Conversation Now On Psychological Health
With the introduction in January of the new voluntary Canadian standard on psychological health and safety in the workplace, the conversation in Canadian companies has turned to the importance of organizations being able to rely on a psychologically healt

Increasing CPP Would Hurt Economy
Increasing Canada Pension Plan (CPP) and Quebec Pension Plan (QPP) benefits would hurt the Canadian economy and result in significant job losses, says a report from the Canadian Federation of Independent Business (CFIB).

Cancelling Work From Home Requires Steps
If an employer wants to maintain its right to recall employees back to work and cancel work-from-home arrangements, it needs to take certain steps, says a Fasken Martineau ‘HR Space.’

Strategy Must Motivate Employees
A wellness communications strategy must motivate employees to take action that will improve their lifestyle practices and reduce risk factors for chronic diseases such as high blood pressure, diabetes, and cardiovascular disease

Act Now Includes Same-sex
The Nova Scotia government is amending its Pensions Benefits Act to clarify that it includes same-sex couples and those who are living together but are not married.

Spring cleaning your financial paper files
Spring is in the air and you may be thinking of cleaning closets and windows, but what about your financial cupboards?

Need motivation to file on time?
A deadline that no taxpayer should ignore is now just weeks away: April 30 is the last day to file your return for the 2012 tax year, either electronically or by mail. There are so many reasons to file on time, yet many people still procrastinate. We’ve

Change In Government Could Hurt Recovery
Political uncertainty in Europe is pretty troubling, says Nathan Sheets, global head of international Economics at Citigroup. In the keynote presentation at the ’Financing & Investing Conference,’ he said if they can maintain the current political env

The 2013 Federal Budget – What you need to know
The 2013 Federal Budget, released on March 21, 2013 by Finance Minister, Jim Flaherty, focused on several key themes

Budget Proposes GST/HST Changes
Changes to the Goods and Services Tax/Harmonized Sales Tax (GST/HST) rules for registered pension plans (RPPs) and healthcare services and a streamlined process for correcting accidental over-contributions to RPPs are among the proposals in the federal go

Participation In Benefits Strong
Participation in healthcare benefits programs in Canada is strong (92%) especially when offered through their employer, says an HP health and wellness survey.

Women Allocate To Personal Causes
New research has found that women are allocating their time, money, and energy to both traditional investments such as real estate, but also personal causes related to family, themselves, and the world at large

Reforms Could Help Canadians Save For Retirement
A series of policy reforms would lend Canadians a hand to save for retirement without cutting into government revenue in the long run

Canadians Fear Exhausting Savings
Two out of every ten (19%) Canadians aged 50 and older have no idea how much they have saved for retirement, and half of all respondents believe they will exhaust their retirement savings within the first 10 years after they leave the workforce, says an I

Canadians Spend Too Much, Save Too Little
Canadians are spending too much, saving too little and carrying too much debt, says Blake Goldring, chairman and CEO at AGF Management Limited.

Retirement Solution Announced
The Standard Life Assurance Company of Canada has announced a new retirement solution ‒ ‘Pension in a Box.’ Designed to help small and medium-sized enterprises (SMEs) offer their employees a simple, flexible and online workplace retirement solution.

PRPPs Bring Equity To Workforce
Pooled registered pension plans (PRPPs) would bring more equity to the workforce by giving more Canadian workers access to employer pension plans, says Tom Reid, a senior vice-president at Sun Life Financial. He told attendees at the ‘National Summit on

Mental Illness Causing Disability
Mental illness, the fastest growing cause of disability in the Canadian workforce, and how employers and employees can contribute to a psychologically healthy work life will be the focus of the ‘14th Annual George Brown College Mental Health Conference.

Investors Acknowledge Emotional Investing
Thirty-four per cent of Canadian investors acknowledge that they take an emotional approach to investing and another quarter (26 per cent) are unsure of whether they do or not, says ‘Time to Take Stock,’ a report by Franklin Templeton Investments Corp

Standards Creep Into Law
While Canada’s new ‘National Standard on Psychological Health and Safety in the Workplace’ is voluntary, these measures can creep in legislation and adjudicator decisions, says Kristin Taylor, of Cassels Brock. Speaking at the CPBI Ontario region se

Employer Obligated To Accommodate Childcare Needs
The Federal Court of Canada has upheld the finding of the Canadian Human Rights Tribunal that "family status" under the Canadian Human Rights Act (CHRA) includes a parent's obligations to care for a child and that an employer is obligated to provide accom

Canadians Not Contributing This Year
With the RRSP contribution deadline just four weeks away, Scotiabank's annual ‘Investment Poll’ found that two-thirds of Canadians who plan to retire say their RRSPs will be their source of retirement funding (65%)

Retirement Not Taking It Easy
Retirement for most Canadians won't mean just sitting back and taking it easy

Employees Dissatisfied With Financial Situation
More than 60 per cent of employees are dissatisfied with their personal financial situation, with one in four feeling financially distressed.

Ability To Save For Retirement Impaired
Canadians (aged 18 to 54) are concerned that their ability to save for retirement will be impaired both by saving for their children's education (48 per cent) and by taking care of their aging parents (36 per cent), says the ‘23rd Annual RBC RRSP Poll.

Canadians Want Gradual Retirement
Canadians increasingly want to retire gradually, either by reducing their regular schedules or taking longer vacations, says a Desjardins Insurance retirement survey. It found that 75 per cent of respondents planned to transition into retirement over time

Trimming Budget Priority For 2013
Nearly four in 10 Canadians say ‘trimming the household budget’ is their top 2013 financial resolution. Next on the list were ‘creating a will or estate plan’ and ‘creating an emergency fund,’ both garnering 13 per cent of responses in the lat

Top 10 Features of a TFSA (Tax-Free Savings Account)
For the first time since its launch in 2009, the Tax-Free Savings Account (TFSA) has received a power boost – an extra $500 in annual contribution room to grow your money even faster. Here's an overview of the top features of having a TFSA account.

RRSPs: Why Wait For The Rush?
If you are typically a last-minute RRSP contributor, you’re not alone.

Retirees Confident About Finance, For Now
Most of Canada's retirees feel positive about their current finances in retirement, saying they are living the retirement they hoped for today. However, a CIBC poll has found some retirees are concerned they won't be able to sustain their lifestyle over t

TFSA or RRSP?
TFSAs are catching up to RRSPs as the preferred savings vehicle. In 2010, TFSA contributions totalled $21.8 billion versus $33.0 billion in RRSP contributions, the CBC reported. By mid-2011, just two and a half years after TFSAs were introduced; assets h

Living a less materialistic, more meaningful life
As a new year begins, it's an ideal time to pause and take stock of your life. Another year has come and gone. Are you enjoying a meaningful life - or are you stuck on the proverbial treadmill of today's materialistic world?

TFSA limits get extra boost in 2013
Now in its fifth year, the Tax-Free Savings Account has become hugely popular. Starting this year, the annual contribution limit rises by $500 to $5,500 to reflect inflation "creep" since the TFSA was launched in 2009.

More Canadians Turning To RRSPs
An increasing number of Canadians are investing in RRSPs, but most are not maxing out their annual contribution

DC Members Need To Work Longer
Changes in capital market returns and annuity purchase prices would have an impact on the potential retirement age of a Canadian worker in a benchmark Defined Contribution pension plan

Canadians Delaying Retirement
Canadians aged 50 and over are working later and delaying retirement, regardless of their level of education, says Statistics Canada.

Financial planning for young adults
With pension cutbacks and rising life expectancies, it's increasingly vital that young adults get an early start on the journey of sound financial planning. A lack of focus or missteps at this stage can unnecessarily delay long-term goals and financial we

Year-end tax tips for investors
Just weeks remain before the door closes on many of the opportunities to save tax on your investment accounts for the 2012 tax year. Ensure you're taking advantage of those that apply to your situation.

Private Sector Model For Public
Ontario's government employee pension plans must follow the private sector's lead in becoming sustainable for both employees and taxpayers alike, says Tim Hudak, Ontario PC leader. "Governments and union leaders too often make promises about benefits way

Canadians Prefer Time-off
Canada is the only country where employees would choose additional paid time off as their most preferred benefit, says a global survey by Mercer.

Homewood App Offers Range Of Health & Wellness Services
Homewood Human Solutions has released an app that makes accessing a complete range of health and wellness services as easy as touching a screen.

Harper Announces Increase to Annual Contribution Limit for TFSA
The Honourable Ted Menzies, Minister of State (Finance), and the Honourable Gail Shea, Minister of National Revenue, today announced that Canadians will be able to save an additional $500 in their Tax-Free Savings Account (TFSA) starting in 2013, raising

Employers Get Benefit Cost Reprieve
Canadian organizations got a modest reprieve from the increase in employee benefits costs in the past two years, but the relief will be short-lived, making cost containment an ongoing priority for employers, says the Conference Board of Canada’s ‘Bene

Ontario Seeks Feedback On Fund Pooling
The Ontario government will start asking individual pension plans, affected stakeholders, and others to provide their feedback on a recommendation that there is a significant opportunity for pension funds to realize benefits from the economies of scale an

Sun Life Helps Combat Diabetes
To help combat the diabetes epidemic in Canada, Sun Life Financial has made a $5 million commitment to the University Health Network (UHN) to support transformational research focused on finding a cure, as well as promoting and providing prevention and ca

Average Cost Of Benefits Now $7,000
The average cost of providing benefits to active employees is 10 per cent of gross annual payroll, or slightly more than $7,000 per full-time employee

Five essential strategies for retirement income
If you're semi-retired or soon-to-be retired, we recommend that you map out a retirement income plan - well before you intend to put it into action.

Markets Drop As U.S. Election Results Sink In
The combination of the re-election of President Barack Obama and continued Republican control of the House of Representatives means markets face ongoing legislative gridlock and policy uncertainty, says CIBC World Markets Inc. "By adding four more years t

Mortgages Being Carried Into Retirement
Almost a third (32%) of Canadians will likely still have their mortgage when they retire

Instability Stresses Young
The instability in today’s economy is contributing to high stress levels in young Canadians with 90 per cent of 18 to 24 year olds experiencing excessive stress and 72 per cent of adult Canadians feeling overwhelmed, says the third annual Sun Life ‘Ca

Grow-in Creates Termination Challenges
Ontario employers need to be careful when it comes to terminating employees who are eligible for grow-in benefits

Employers Need To Justify Retirement
Being able to demonstrate that a termination or other employment-related action was based on something other than age will only become increasingly important, says Fasken Martineau’s ‘The HR Space: Managing the End to Mandatory Retirement.’

Confidence To Save For Retirement Lacking
About four-in-10 respondents aren't confident in their ability to save for retirement and are relying on the value of their home to help fund their retirement, says a BMO Retirement Institute survey.

Retirement Plans Include Winning Lottery
One-third of Canadians admit winning the lottery or receiving a large inheritance is part of their plans for a secured financial future, says a survey for Credit Canada Debt Solutions and Capital One Canada.

Focus on Your Plan
There’s a growing sense of pessimism in the market place, and with it a general loss of perspective. Though many investors say they are long-term investors, their actions do not appear to be in sync with what they say.

Workforces Expanding This Year
More than 40 per cent of participating organizations are expanding their overall workforce in 2012 compared to just 27 per cent in 2010, says ‘Mercer's 2012 Attraction and Retention Survey.’ Moreover, fewer organizations today than two years ago are m

TFSA, RRSP Decision Tricky
Deciding whether to use Tax Free Savings Accounts (TFSAs) or Registered Retirement Savings Plans (RRSPs) to save retirement can be tricky, says David Chilton, author and panelist on the ‘Dragon’s Den.’

Oxford Proposes Toronto Casino
Oxford Properties Group, which invests in and manages real estate assets on behalf of OMERS, has proposed a $3 billion plus development project which includes a casino for downtown Toronto, ON.

One In Five Suffer Depression
More than one in five (22 per cent) of Canadian employees are currently suffering depression (14 per cent diagnosed), while an additional 16 per cent report having experienced depression previously. Further, 84 per cent of managers and supervisors continu

Satisfied Employees More Productive
The second annual Manulife Financial Small Business Research Report has found Canadian small business owners believe satisfied employees are more productive and focused and providing health and retirement benefits is a key component to boost employee prod

RESPs: The Ins and Outs
RESP’s have been prevalent since 1998 but have not been widely adopted because they are quite complex and often difficult to understand. People tend to be unsure on how to set them up properly to fit future needs and goals. Consulting with a financial a

NFL Referee DB Plan Frozen
The NFL Game Officials' Pension Plan will be frozen after the 2016 National Football League season under a labour agreement which will see them return to the field this week.

Secure Pension Plan Increasingly Important
A secure pension plan is an increasingly important component of an attractive pay package

Canadians Will Work For Lifestyle
Most of Canada's 50 to 59 year olds don't intend to give up their current lifestyle as they enter retirement, says a CIBC poll, despite falling short of their retirement savings goals.

Retirement Date Surprises Boomers
More than eight in 10 (85 per cent) pre-retired Boomers with financial assets of $100,000 or more believe they will have the choice of when to retire.

Defined Benefit Pension Plans Poised For Comeback
Defined Benefit pension plans are poised to make a comeback, says Pentegra Retirement Services. Its white paper says DB plan economics are shifting and will afford employers the opportunity for lower funding costs, thereby positioning DB plans to once aga

Public Service Union Goes On Offensive
The Ontario Public Service Employees Union is going on the offensive to educate members and fight back against proposed pension changes by the Ontario Liberal government.

Interest Rates Challenge Life Insurers
A rapid rise in or sustained low interest rates can be a challenge for insurers and especially life insurers, says Swiss Re study.

Long Retirement Costly To Government
Raising the retirement age solves a fiscal problem facing government with increasing numbers of Canadians retiring, but it does not solve the political or social problems, says Malcolm Hamilton, of Mercer.

More Savings, But Not Enough
While Canadians are trying to save more for retirement this year, they still are not saving enough, says a survey from the Canadian Payroll Association.

Working To Age 70 Not Enough
Working to age 70 will not guarantee adequate income in retirement for many, says research from the Employee Benefit Research Institute (EBRI). It found for approximately one-third of the households between the ages of 30 and 59 in 2007, working to age 70

RESPs offer a one-time 20% bonus - and much more
With children returning to school this month, it's a great time to consider how their post-secondary education will be funded in the future. Contributing to a Registered Education Savings Plan (RESP) is not only a great gift, but it also gets the federal

Make a lasting gift to your grandkids
Before you give away money, however, it's crucial that you ensure you have enough to last your lifetime. Our team can help you crunch the numbers. Once that's done, the main gifting considerations are the age of your grandchildren and amount of control yo

T is for tax-efficient
Looking for higher income in our low-interest environment? This type of investment income solution, available through our team, offers strong, steady cash flow and tax deferral along with the potential for capital preservation, growth and inflation protec

Students Want Finance Lessons
Seventy per cent of Ontario high school students say that learning how to manage their personal finances is important or very important, says a study from the Investor Education Fund (IEF). The study also revealed that 69 per cent of students think person

Half Have TFSA Account
Nearly half of Canadians (47 per cent) say they have a Tax-Free Savings Account, as the fifth year of the TFSA's availability approaches in 2013.

Do-it myselfers Face More Risk
Retirement plan participants who choose their own investment options are generally exposed to greater risk than target-date fund (TDF) investors

Action Needed On Public Pensions
With enrolments in public sector pension plans growing at twice the rate of growth for private sector employment levels, Canadians could face higher taxes and reduced government services unless action is taken soon.

Boomers Working In Retirement
Canadians in the heart of the baby boom (aged 50 to 59) have come up short on their savings goals and plan to supplement their income by working in retirement, says a CIBC poll.

Financial planning through each stage of life
As with your physical health, it pays to be proactive when it comes to financial health. By eating well, exercising and getting regular checkups you can minimize or avoid certain illnesses and maximize physical well-being. Similarly, by taking a holistic

Young Canadians Procrastinate On Retirement
Young Canadians are aware of the need to save for their retirement years, but many are procrastinating, says a report from the BMO Retirement Institute.

Healthcare Costs Slow
The overall trend in Canadian health benefit plan cost increases showed significant slowing for a second consecutive year, says a survey by Buck Consultants, A Xerox Company.

Starting Early Improves Outcome
Those who start saving for retirement in their 20s can make nearly double what an investor beginning in their 30s can, says research from Vanguard.

Canadians Richer Than Americans
Canadians have a higher household worth than Americans, says Environics Analytics ‘WealthScapes.’ On average, Canadian households have a net worth of $363,202, while American households have an average net worth of $319,970.

Employer Liability Upheld
An Ontario Court of Appeal decision confirms that employers may become liable to pay the full value of an employee’s short-term and long-term disability benefit entitlements where, following an employee’s termination without cause, those benefits are

Mental Illness Cost Tops $20 Billion
Mental illnesses cost Canada about $20.7 billion in 2012 and the cost is growing at a rate of approximately 1.9 per cent every year, says a Conference Board estimate of the economic impact of mental illness among working-age Canadians. This cost is expect

Economic Landscape Shifting
With the retirement of the baby boom generation, the economic landscape in Canada will shift and the greatest impact of that change will be felt by young Canadians (ages 18 to 29 years), says the ‘Manulife Financial Investor Sentiment Index.’ It indic

Wellness Makes Financial Sense
Organizations should invest in workplace wellness programs because it makes financial sense to do so, but Canadian employers are at the infancy stages of evaluating health and wellness programs and demonstrating the positive return on investment (ROI) tha

Canadians Face Working Longer
Coming changes in demographics will mean that unemployment rates will fall and Canadians will have to work longer and retire later, says Fred Vettese, chief actuary at Morneau Shepell, in a ‘Vision’ report. ‘When Can We Retire?’ says the average r

Everything Needs To Change To Fix Healthcare
In Canada’s healthcare system, it is hard to pinpoint which two or three things needs to change because all of it needs to change, says Don Drummond, former senior vice-president and chief economist at TD Bank and, more recently, chair of the Commission

Ottawa Approves PRPP Act
The passage of the Pooled Registered Pension Plans Act shows that the federal government is committed to helping Canadians save for retirement, says Ted Menzies, minister of finance.

Obesity As Disability Unclear
Is obesity a disability? The answer to that is “yes, no, maybe,” says Casey Dockendorff, an associate at Filion Wakely Thorup Angeletti LLP.

Engagement Offsets Costs To Accommodate
The legal obligation to accommodate employees with disabilities can be high, however, the resulting increased engagement and productivity of all staff can largely offset these costs, says Stuart Ducoffe, an employment lawyer during a presentation at the

Ontarians Concerned About Savings
More than 35 per cent of Ontarians are very concerned about having enough to retire on, says a survey by the Healthcare of Ontario Pension Plan (HOOPP)

Sponsors Should Prepare For Changes
Ontario plan sponsors who have not already taken steps to prepare for changes to the Pension Benefits Act (PBA) that take effect July 1 should act immediately to review and amend their plans and administration systems to address immediate vesting and lock

Enhanced CPP May Be Only Choice
The 50-year history of RRSPs suggests they have been a bust and there may be no other choice but to enhance Canada Pension Plan benefits for retired Canadians

Boomers Wish For Retirement
Most (71 per cent) Boomers can't wait to spend their time as they wish in retirement, but four-in-10 (42 per cent) of those not-yet-retired expect managing cash flow in retirement to be more difficult and 37 per cent are worried they do not have enough mo

Aging Wave Will Cause Historic Reversal
With the aging wave approaching a tsunami, Canada will soon experience an historical reversal that by 2015 will see a population comprised of more senior citizens than children.

Lack Of Debt Key To Retirement
Nearly nine in 10 Canadian homeowners say that being debt-free is key to their idea of a successful retirement, even more than most lifestyle factors, says a Manulife Bank survey.

Canadians Accept Responsibility
When it comes to ensuring their financial security in retirement, Canadians overall believe that they are primarily responsible (59 per cent)

Canadian Employers Offer Wellness
Nearly two-thirds of Canadian employers offer wellness initiatives to help workers enjoy better overall physical health

Expecting a tax refund?
A tax refund is much like receiving any other windfall - it's worth taking time to pause and evaluate your options. If you borrowed to make your RRSP contribution, paying off the loan should be your top priority. Beyond that, and perhaps after treating yo

OAS Change Has Little Impact On Retirement
Many Canadians aged 45 to 54, the first age group to be affected by the proposal to increase the age Canadians can collect Old Age Security (OAS) payments to 67, were already planning on working past age 65, say CIBC polls.

Pressure Increases To Keep Working
Although the impact of the changes to OAS and GIS announced in the federal 2012 budget will not start to be felt for the next 11 years, older workers approaching retirement will feel pressure to remain longer in the workforce to make up for the loss of pe

Defined Benefit Pension Plans Attract Younger Workers
More younger workers are accepting job offers from companies that offer Defined Benefit pension plans, says the ‘Retirement Attitudes Survey’ by Towers Watson. In 2009, the survey found 28 per cent of workers younger than age 40 said a DB plan was the

Harry Matheis receives prestigious award from Manulife Financial
Harry Matheis receives his 2 and 3 Star Master Builder award from Manulife Financial.

Employers Encourage Retirement Savings
Canadian employers are listening to their employees' concerns about achieving retirement income adequacy and are finding new and better ways to encourage retirement savings

9 tax filing tips that will save you money
From income-splitting to transferring unused credits, these could make tax time less painful

Privacy Rights Increasingly Recognized
There is an increasing recognition of individual privacy rights when it comes to access to employee medical information for employers trying to manage illness in the workplace, says Dan Fogel, of Hicks Morley.

Canada Can Become An International Leader In Financial Literacy
"Canada can become an international leader in financial literacy if governments succeed in creating a collaborative framework through policy and action, in co-operation with the private and voluntary sectors," said L. Jacques Ménard, chairman of BMO Nesb

Onus Shifts To Canadians
The continuing shift from Defined Benefit to Defined Contribution pension plans is creating a growing onus on Canadians to take care of planning their own retirement income.

RRSP Contributions Continue To Decline
RRSP contributions as a share of personal disposable income continue to decline, confirming a downward trend first identified by RBC Economics in 2010. Its 2012 RRSP Report, ‘Backing into the Future: Canada's Declining RRSP Contribution Rates,’ shows

Canadians In Limbo On Retirement Planning
Many Canadians remain in limbo when it comes to retirement planning, says Desjardins Financial Security's ‘2012 Retirement Survey.’ The survey indicates that Canadians who lack confidence in financial institutions and advisors are more likely to feel

Retirement Landscape Changing
The retirement landscape in Canada is changing with only three in 10 Canadians planning to be fully retired at age 66...

Canadians Unaware Of Needed Rate Of Return
Nearly half of Canadians don't know what rate of return they require on their investments to achieve their retirement goals...

Canadians Expect To Keep Working
While 52 per cent of Canadian workers anticipate working beyond the age of retirement, nearly half say they'd be happy to work for an additional two years beyond the official retirement age...

Canadians Know They Should Save, But Don’t
One-third of Canadians in their 40s (32 per cent) admit they haven't yet opened a registered retirement savings plan (RRSP) even though they realize they should...

Paying Off Credit Cards Highest Priority
Canadians are not taking the necessary steps to achieve financial peace of mind in retirement, says a survey from ING DIRECT. It found more than half of Canadians (58 per cent) don't feel financially prepared for retirement...

Young Canadians Using RRSPs
The ‘22nd Annual RBC RRSP Poll’ shows that 43 per cent of Canadians between the ages of 18 and 34 now hold RRSPs. This represents a shift from last year when the number of younger Canadians holding RRSPs dropped to its lowest point in almost a decade

Canadians Unprepared For Retirement
Many Canadians across a wide range of ages say they do not feel financially prepared for their retirement, says a CIBC poll, which also shows baby boomers named retirement planning their top financial priority for 2012.

Canadians More Optimistic About Retirement
Canadians are more optimistic than Americans about their ability to save for retirement, but many people in both countries expect that they'll have to delay retirement due to insufficient savings.

Canadians Lack Clear Picture Of Retirement
Only 16 per cent of Canadians and 23 per cent of those in the Boomer generation have a clear picture of their retirement and what they want to do, says research from TD Canada Trust.

PRPPs Treated Like RRSPs
It will be necessary that plan members clearly understand that their RRSP contribution room is directly affected by employer and member contributions to a Pooled Registered pension plan (PRPP)...

CPP Deduction Changes for 2012
Changes to the way employers deduct Canada Pension Plan (CPP) contributions are coming into effect January 1, 2012.

Ontario Government Introduces Family Caregiver Leave
The Ontario government has introduced Bill 30, the Family Caregiver Leave Act (Employment Standards Amendment), 2011. If passed, the Bill would amend the Employment Standards Act, 2000 (ESA) to permit employees to take an unpaid leave of absence of up to

CPP Contribution Rules Changing
Significant changes to the Canada Pension Plan (CPP) this January will affect both employees and self-employed workers ages 60 to 70.

Canadians Put Same Into RRSPs
More than two-thirds of Canadians will be contributing the same amount or more to their RRSP this year versus last, says a poll by BMO Financial Group.

Failure To Hike CPP Could Be Costly
Failing to adequately address Canada's growing pension deficit could end up costing the federal government in the future, says a report from the Canadian Centre for Policy Alternatives. It says failing to enrich the Canada Pension Plan will result in more

CPP May Be Required From Disability Benefits
Proposed amendments to the Canada Pension Plan (CPP) as part of the federal budget bill, Bill C-13, would, if passed, require employers to deduct CPP contributions on employer-paid disability benefits...

Canadians Put As Much In RRSPs
Most Canadians say they plan to keep investing at least as much in RRSPs as they did last year, despite recent volatility in North American and global stock markets, says an Investors Group poll.

More Can Participate In Pension Plans
The Canadian Federation of Independent Business (CFIB) and the Canadian Chamber of Commerce believe the federal government’s Pooled Registered Pension Plan (PRPP) will allow more employees, employers, and the self-employed to participate in pension pla

PRPP Plan Applauded
The Association of Canadian Pension Management (ACPM) and the Canadian Life and Health Insurance Association are both applauding the federal government for moving ahead and tabling Pooled Registered Pension Plan (PRPP) legislation as a means of expanding

CRA Scrutinizes Taxable Benefits
The Canada Revenue Agency is increasing the level of audit scrutiny on taxable benefits received by employees.

PRPP Plan Applauded
The Association of Canadian Pension Management (ACPM) and the Canadian Life and Health Insurance Association are both applauding the federal government for moving ahead and tabling Pooled Registered Pension Plan (PRPP) legislation as a means of expanding

Economic Uncertainty Undermines Retirement Expectations
More than 54 per cent of respondents age 45-plus have concerns about the economic uncertainty and how it may affect their retirement savings.

Break Coming With Benefit Plans
After two years of increasing inflation in health benefit plan costs, Canadian employers can now expect a break.

Canadians Will Work Longer
A 50-year-old worker in 2008 could expect to stay in the labour force 3.5 years longer than in the mid-1990s, says Statistics Canada.

Doubling Limit Fairness Issue
Doubling the retirement saving limit likely wouldn’t cost the government anything, says Malcolm Hamilton, a partner at Mercer.

Report Says Beef Up CPP
The Canada Pension Plan should be beefed up with higher premiums and benefits to protect against a trend by employers to stop offering Defined Benefit pension plans, says a report for the Institute for Research on Public Policy.

Retirement Saving Confidence Shaken
The plunge in stock markets since June has shaken Canadians' confidence regarding their retirement, says a National Bank of Canada survey.

Canadians Eye Retirement At 63
Canadians anticipate saving enough to retire at age 63 and most see themselves entering retirement without debt, says a CIBC poll.

Go ahead and tap that RRSP
Jason Heath (CFP) discusses the ins and outs of RRSP contributions and withdrawls.

Canadians Living Longer
Canadians are living longer than ever and the life expectancy gap between men and women continues to shrink, says Statistics Canada.

Best Solution for Canada's Pension System
"PRPPs are currently the only solution on the table as increasing the CPP is a dead issue as far as the federal government is concerned" says Graham Steele, Finance Minister of Nova Scotia.

Labour Concerns; Skilled Workers Shortage
The current recession would need to last 31 years before it would offset the labour market shortages caused by Canada’s declining birth rate since 1969, says Dr. Linda Duxbury of Carlton University.

Survey Shows Employers Want Flexibilty Over Balance
A global survey reveals a growing imbalance between what employers say about work-life balance and what they actually do. The WorldatWork’s Alliance for Work-Life Progress survey shows while 80 per cent of employers around the globe avow support for fam

EAP Access For Debt and Credit Counselling on the Rise
Almost two out of every three times that people accessed their employer's EAP (Employee Assistance Program) for financial assistance last year, it was for personal debt and/or credit reasons, says a Morneau Shepell Research Group report.

Retirement Plan Industry Coming of Age
As the retirement plan industry comes of age and enters a period of relative calm following a period characterized by tumultuous economic, socio-cultural, and regulatory change, the growing role of retirement advisors....

Canadians Feeling Unsettled About Retirement
Ongoing market volatility and global unrest continue to leave Canadians feeling unsettled about retirement, says the Russell ‘Financial Health Index.’

CFIB Warns Of Looming Pension Crisis
Canada’s public pension system isn’t fair or sustainable, says the Canadian Federation of Independent Business (CFIB) which is launching a campaign to highlight what it calls a looming pension crisis.

Conservatives Pooled Pension Plan Proposal
The Conservative government is opting for pension reform that will ensure that banks and insurance companies reap the maximum benefit while Canadian workers continue to get left behind, says Judy Sgro, Liberal critic for seniors and pension.

Employee Vehicle Benefits
A majority of organizations (89 per cent) continue to offer some type of vehicle benefit to employees, says the WorldatWork ‘Vehicle-Related Benefits Survey.’

Pension Funds In Crisis Mode
Pension funds are still in crisis mode and still driven by fear and macroeconomic myopia, says Standard Life Investments.

Canadians would rather keep their health benefit plan than receive $10,000.
Fifty-nine per cent of group health benefit plan members in Canada would rather keep their health benefit plan than receive $10,000, says the ‘sanofi-aventis Healthcare Survey.’

5 key risks Canadians face in saving for retirement
Canadians are living longer, healthier lives and in the wake of longevity, there are five key risks Canadians face in saving for retirement.

Health Care in Canada...An Employer's View
Harry Matheis discussing Health Care issues in Canada

Business Health: Summer 2008
businesshealth: Summer 2008 Click on the titles below to view the full article

Business Health: Spring 2008
businesshealth: Spring 2008 Click on the title to view the full article

Harry Matheis quote from
Taken from the September 2007 issue of Benefits and Pensions Monitor magazine, this article features an insight into what industry experts think they have learned in 100 issues of the magazine.

Business Health Volume 3:3 – July/August 2007
Benefits: The Line is Drawn / Pushing the Envelope / The Qualities of an Effective Asthma Program / Cancer: The Good, the Bad, and the Ugly / IWH Updates: Safety Training and Disability Management Practices

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