ONLY HALF OF TAXPAYERS IN PRIVATE RETIREMENT PLANS: STATSCAN
A new study says just over 8.9 million employed Canadian tax filers participated in a private retirement savings plan in 2008, about half of all tax filers.
Coming as the federal and provincial governments begin looking at ways to reform the country's troubled pension system, the Statistics Canada report says the proportion of private pension investors has dropped from 54% in 1997.
The agency says there was also a decrease in the share of employed tax filers who contributed to a Registered Retirement Savings Plan during the decade.
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Filed by The Canadian Press,
Originally published on Advisor.ca
Posted by BEYOND RISK at 3/26/2010