Tax Rules Prevent Many Canadians from Saving Enough for Retirement
C.D. Howe Institute:
By C.D. Howe Institute —— Bio and Archives--October 27, 2011
Canadian News, Opinion | Comments | Back To Full Article
Toronto, Oct. 27 – Federal tax rules are preventing many Canadians – especially in the private sector – from saving enough for retirement, according to a report released today by the C.D. Howe Institute. Workers relying on RRSPs cannot accumulate even half the retirement wealth of career members of defined-benefit (DB) pension plans, says the report, “Legal for Life: Why Canadians Need a Lifetime Retirement Saving Limit,” by James Pierlot with Faisal Siddiqi.
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