Pension vs. 401(k)
When you’re ready to retire, you’ll want to have more than Social Security savings to pay the bills, which typically only provide enough money to replace about 40 percent of average earnings. To live comfortably in retirement, you should have either a traditional pension plan or a defined contribution plan, like a 401(k) account. While […]
It’s OK to ignore your 401(k) balance right now — but make sure to ask these 3 questions about your investments
If you’re freaking out about your retirement account right now, you’re definitely not alone. The stock market took a dive this week after the Federal Reserve announced an interest-rate hike for 2019, and it left many investors looking through their fingers at their dwindling account balances. In fact, this could be the worst December for […]
Resort appeals $2M fine
A world-renowned Alberta ski resort is appealing a $2.1 million fine it received for cutting down endangered trees five years ago. Lake Louise Ski Resort pleaded guilty last December to taking down a stand of trees, including 38 endangered whitebark pine, along a ski run in 2013. The fine, which was imposed last month for […]
Charitable giving plummets
Charitable giving declined a whopping 32 per cent in Canada during the decade from 2006 to 2016. The amount Canadians donate as a share of their income has plummeted, a Fraser Institute study reveals. And Canadians are far less generous than Americans, the numbers show. “Canadians continue to donate less and less every year, which […]
BC engaged on climate suits
Staff and contractors in Victoria have been crunching the numbers on climate change costs for the coastal city and it’s not looking good, the mayor says. Lisa Helps says based on a report commissioned by the regional government in 2015, storm surges combined with a one-metre rise in sea level — which is projected by […]
Balanced budget by 2040
A balanced federal budget won’t land until at least 2040 — five years earlier than the government predicted last year — if there aren’t any major economic shocks or new government spending the federal Finance Department says in a new report. Long-term budgetary projections released Friday morning estimate that by the end of fiscal year […]