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Michelin, NIH see value in recruiting older workers

Posted by on Oct 5, 2015 in EBN, Quality of Life, Retirement | 0 comments

By Sheryl Smolkin September 30, 2015 As more of the baby boom generation retires, many U.S. companies are facing a potentially significant loss of talent and institutional knowledge. While the impact of this undeniable trend will vary from industry to industry, companies ahead of the curve are already looking for ways to avoid the brain drain by encouraging today’s workers over 50 to stay longer. Ten years ago, consulting firm Towers Perrin (now Towers Watson) conducted a prescient study for the...

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How will the ORPP affect Saskatchewan?

Posted by on Sep 27, 2015 in Retirement, Saskatchewan Pension Plan | 0 comments

By Sheryl Smolkin September 24, 2015 At this point it is not clear how the Ontario Registered Pension Plan (ORPP) that will come into effect in 2017 will affect Saskatchewan says Katherine Strutt, General Manager of the Saskatchewan Pension Plan. “I don’t believe the provincial government is interested in a mandatory pension plan,” she says. The ORPP is a plan that will require employer and employee contributions to generate additional government benefits in excess of monthly Canada Pension Plan...

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Sept 21: Best from the Blogosphere

Posted by on Sep 23, 2015 in Money management, Quality of Life, Saskatchewan Pension Plan | 0 comments

By Sheryl Smolkin September 21, 2015 Saving for retirement is important, but working for 35 years with only a few weeks of vacation a year is a daunting thought for many people. However, some companies allow employees to take one or more extended leaves during their career and in some cases establish income deferral programs to help them finance a career break. Here are some of the things you need to know about taking a sabbatical in Canada. In the Globe and Mail, columnist Tim Cestnick offers Tax and other...

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Uber drivers certify California class action

Posted by on Sep 22, 2015 in EBN | 0 comments

By Sheryl Smolkin September 21, 2015  While Uber is fighting hard on all fronts to prove its drivers are correctly characterized as independent contractors, there are notable examples of other successful app-driven on-demand start-ups that have either recently converted contractors to employee status or characterized all workers as employees from the get-go. The Uber class-action suit is important from both a legal and a business perspective because many companies are currently using...

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Should your teenager get a part-time job?

Posted by on Sep 20, 2015 in Money management, Saskatchewan Pension Plan | 0 comments

17 Sept, 2015 By Sheryl Smolkin School has barely started and your teenager tells you she wants to get a part-time job. While you admire her enthusiasm, you are naturally worried about the impact working 15-20 hours per week will have on both her and the family. First of all, you should become familiar with the minimum age requirements for working in Saskatchewan. The general minimum age of employment in Saskatchewan is age 16.  To work in Saskatchewan, 14 and 15 year olds must have permission from their...

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Do you qualify for the disability tax credit?

Posted by on Sep 16, 2015 in Income Tax, Sun Life | 0 comments

 By Sheryl Smolkin, BrighterLife.ca August 11, 2015 If you qualify for the disability tax credit, you could get up to 10 years of backdated tax breaks — plus more financial help from the government. The disability tax credit (DTC) is a non-refundable tax credit used to reduce the income tax you pay. It’s available for people with a severe and prolonged physical or mental impairment, subject to approval by the Canada Revenue Agency (CRA). It’s meant to help even out the tax burden by...

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Jonathan Chevreau on financial independence vs. retirement

Posted by on Sep 16, 2015 in Quality of Life, Retirement, Tangerine | 0 comments

Friday, July 24th, 2015  |  Sheryl Smolkin  |  Savings Articles You’re saving money in your RRSP (called an RSP at Tangerine) and TFSA so you can retire comfortably as soon as possible. But are you sure you want to spend the rest of your life 100% retired? Maybe what you’re really aiming for is financial independence — enough money in the bank so you can make choices, call the shots and work as much or as little as you like. That’s the message former Financial Post columnist and MoneySense...

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Sept 14: Best from the blogosphere

Posted by on Sep 16, 2015 in Investments, Saskatchewan Pension Plan | 0 comments

By Sheryl Smolkin September 14, 2015 Over the last weeks the stock markets have been bouncing all over the place and now we are told that the Canadian economy is officially in recession. While it is natural to be concerned, particularly if you are close to retirement, the general consensus from most experts is to have confidence in your financial plan and stay the course. Today, and in coming weeks we will provide you with information to help you weather the storm. In How to make sense of markets gone mad,...

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Should you pay your tuition with Aeroplan points?

Posted by on Sep 16, 2015 in Money management, Saskatchewan Pension Plan | 0 comments

By Sheryl Smolkin If you know someone heading off to University of Regina, Saskatchewan Polytechnic (or several other participating Canadian universities and colleges) you may be interested to know that Aeroplan points can now be used to pay their tuition. Ontario and Alberta students can also use Aeroplan points to pay down student loans. The service is operated online by HigherEDPoints.com. When I initially read about this option in the Toronto Star my first reaction was that no students I know can afford...

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Greg Hurst: Federal Consultations on Voluntary CPP

Posted by on Sep 16, 2015 in Retirement, Saskatchewan Pension Plan | 0 comments

By Sheryl Smolkin September 3, 2015 Today, I’m pleased to be interviewing Greg Hurst for savewithspp.com. Greg is a pension consultant and pension innovator based in Vancouver. He’s held many roles in the pension industry with large international and small regional consulting firms and a major Canadian insurer. He’s a member of both the editorial advisory board of Benefits and Pensions Monitor and Benefits Canada’s online expert panel. In fact, two of his articles were among the five most...

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