More than half of Canadians say they don't have enough money left at the end of the month to save for retirement, a new survey says.
People are seen in the Ottawa neighbourhood of Westboro on Sunday, July 24, 2022. THE CANADIAN PRESS/Spencer Colby
“Not so long ago, the traditional vision of retirement was that at around 65 years old, Canadians ‘hung up their hats’ and celebrated the end of full-time employment,” H&R Block Canada president Peter Bruno said in a news release earlier this month. “What we’re seeing now is that the vision for retirement has evolved dramatically – fuelled by shifts in tax-friendly savings plan options, evolving workforce realities, the gig economy, and the prevailing economic environment.
And 46 per cent said they feel good about their retirement strategies, despite the current economic uncertainty. According to the survey, 37 per cent of Canadians said they have an employer-sponsored registered pension plan and 19 per cent rely on government-assisted retirement plans.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
As more Canadians seek IVF treatment, advocates warn about infertility ‘crisis’ - National | Globalnews.ca'We are under-servicing a huge population of Canadians who actually need this care,' said Carolynn Dube, executive director with Fertility Matters Canada.
Read more »
Alberta teen with limited vision among all-star Canadians heading to international archery competitionAn Alberta teenager with limited vision will display her skills in archery at an upcoming competition this summer in South Africa.
Read more »