The Piggy Bank Index: Matching Canadians’ Savings Rates to Their Retirement Dreams

David Dodge, Alexandre Laurin and Colin Busby
Additional contact information
David Dodge: Bennett Jones LLP
Alexandre Laurin: C.D. Howe Institute
Colin Busby: C.D. Howe Institute

No 95, e-briefs from C.D. Howe Institute

Abstract: As Canada’s babyboom generation approaches retirement age, public concern about the adequacy of retirement income is mounting, note the authors. Most of the public debate has been about potential reform of the tax and fiduciary rules governing corporate pension plans, the possibility of expanding contributory public pension plans such as the CPP/QPP, about how much tax-deferred saving the Income Tax Act should allow, and for how long. To date, say the authors, there has been little focus on the fraction of annual earnings that must be saved by Canadians – either through employer plans, private saving, or expanded contributions to a public plan – to provide adequate and reasonably assured retirement incomes.

Keywords: Pension Papers; retirement income; Registered Retirement Savings (RRSPs); Canada Pension Plan (CPP/QPP); Income Tax Act (search for similar items in EconPapers)
JEL-codes: E21 (search for similar items in EconPapers)
Pages: 10 pages
Date: 2010-03
New Economics Papers: this item is included in nep-acc, nep-age, nep-lab and nep-mac
References: View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Published on the C.D. Howe Institute website, March 2010

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