EI premiums set to dip
Employment Insurance premiums to fall in new year Canadian workers and employers will enjoy a slight decrease in employment insurance premiums in the new year, resulting in about $1.1 billion in total reductions in 2020. Starting on Jan. 1, the premium for individual workers will be $1.58 per $100 of insurable earnings while their employers […]
Pilot shortage persists
Pilot shortage can’t be addressed by existing programs: feds Federal officials combing through skills training programs have concluded major changes are needed if those are to be used to address a shortage of airline pilots. Instead, officials are suggesting a strategy being used by other countries as a way for Canada to address a growing […]
Will 2020 be a good year to buy a home? Here’s what the experts say
Economists say that 2020 will be a positive — though not exactly stellar — year for the housing market. And that could be good news for renters and home buyers alike. But that’s assuming experts’ forecasts are right. “If interest rates go up 100 basis points, we’ll be off,” Doug Duncan, chief economist at Fannie […]
Retirement savings, Social Security and Medicare: These are the changes coming in 2020
When the clock strikes midnight on Dec. 31, it will not only usher in a new decade. It will also bring in a host of retirement changes. And that could have big implications for your money. The good news is that you will be able to save even more in your retirement accounts next year, […]
How to protect yourself from possible ‘taxmageddon’ if tax rates go up in 2020
Taking steps to defer your federal income bill is usually a good idea, especially if you expect to be in the same or lower tax bracket in future years. If that assumption pans out, making moves that lower your current-year income will, at a minimum, put off the tax day of reckoning and leave you […]
Why retiring at 65 could become a thing of the past
Raising the retirement age is an emotional issue. For evidence, just look at proposals to move up the full retirement age for Social Security. Even the idea upsets advocates who want to see the program expanded and individuals receiving benefits. Because of that, lawmakers tend to tiptoe around the issue. Outside the U.S., French citizens […]