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Fewer Canadians Contribute To RRSP
The number of Canadians who contributed to their RRSP for the last tax year dropped from the year before. A survey done by the Bank of Montreal shows the number dropped from to 57% from 65%. But BMO also says the average contribution of just over $3, 700 is actually an increase of $200 dollars from the previous 2 years. Other findings from the survey: Of those who planed on receiving a tax refund, 34% planned on saving/investing that money. 15% say they would use it to pay down their...
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STAFFORD - Seniors' discounts
A new report is calling on municipal governments to scrap seniors' discounts. The study called No Seniors' Specials: Financing Municipal Services in Aging Communities, was commissioned by the Institute for Research of Public Policy. Many municipalities in Canada give discounts to seniors solely based on their age. Some of these discounts include reduced bus fare, cheaper fitness classes and sometimes reduced property taxes. "A lot of these discounts and special programs were introduced back...
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