Whistleblowers stay secret
The Supreme Court of Canada will not hear an appeal of a lower court decision that kept the identities of a pair of key witnesses in the Competition Bureau’s bread price-fixing investigation confidential. Grocery retailers Sobeys Inc. and Metro Inc. had sought the disclosure of the identities of witnesses, however the Ontario Superior Court ruled […]
Push for easy mortgage rules
Real estate associations representing nearly three-quarters of the realtors in Canada have called for federal parties to commit to ease mortgage rules as the election campaign gets underway. Organizations representing realtors and brokers in Toronto, Vancouver, Calgary, Edmonton, Quebec and Nova Scotia say too much regulation makes ownership unaffordable. With the federal election set for […]
Self-employed? Here’s why your retirement savings are falling short
If you’re your own boss, chances are you aren’t doing enough to save for retirement. Just over 1 in 10 of self-employed individuals in a single-person business is currently participating in a workplace retirement plan, according to data from The Pew Charitable Trusts. In comparison, 72% of employees in larger companies utilized a 401(k) at […]
Stop pushing poor people to save more for retirement
It’s a fact: low-wage workers don’t save much for retirement. States are aiming to fix that. But here’s a question: is it really a problem that needs to be fixed? How hard should we push the poor to save for retirement? Bureau of Labor Statistics data show that 75% of workers in the upper half […]
Your Social Security checks could get bigger next year. Here’s how much
When it comes to the forecast for your Social Security benefits in 2020, there’s good news and bad news. Your Social Security checks are poised to grow next year; however, the annual increase likely won’t be as much as you got in 2019. That’s according to The Senior Citizens League, which on Thursday released its […]
This budget shows how a $350,000 salary barely qualifies as middle class
Most Americans would probably have a hard time wrapping their heads around a $350,000 salary. In fact, government data cited by Sam Dogen of the Financial Samurai blog shows that some 95% of U.S. households don’t pull in that much. The median household income in the U.S. is $57,782, with places like San Francisco and […]