Paper bill a necessity?
CRTC to clarify whether wireless providers must offer paper bills Canada’s telecom regulator is set to rule this week on whether mobile service providers should be compelled to offer some or all of their customers paper invoices, at no charge. Two advocacy groups want the Canadian Radio-television and Telecommunications Commission to force Telus-owned Koodo Mobile […]
Incentives for industry EVs
Tax writeoffs coming for off-road electric cars, PM tells miners Canada is making off-road electric vehicles and automotive equipment eligible for immediate tax writeoffs in a bid to encourage Canadian companies to buy them, Prime Minister Justin Trudeau said Monday. Trudeau was in Toronto speaking at the Prospectors and Developers Association of Canada conference, where […]
If These 3 Things Apply to You, You Must Postpone Retirement
Many people dream of retiring early, or at least on time. But if you kick off that milestone unprepared, you’ll regret pulling the trigger. And while delaying retirement may not be something you want to do, it’s something you’ll have to do if these three scenarios apply to you. 1. You’re short on savings You need independent […]
There are no magic fixes for Social Security
In this campaign season, fixing Social Security is once again emerging as a major topic. As figure 1 shows below, the cost of the program as a percentage of payrolls is higher than revenues. In the short term, the gap can be filled by drawing down the trust fund that was built up after the […]
The problem with using the 4% rule to plan for retirement
Here’s a quick calculation that can show you whether your finances are ready for you to retire: Take your last 12 months of spending and multiply it by 25. If your investment portfolio exceeds the product, you’ve crossed the threshold of financial freedom. If not, keep socking away until you get there. This quick math […]