by Pierre-Carl Michaud and Bernard Morency Canadians are managing more money and more financial decisions than ever. Over the past 30 years, household wealth has more than doubled, while traditional supports like workplace pensions have faded. With fewer defined benefit plans and limited growth in public retirement benefits, people have to make more choices on […]
November 11, 2025 – Earlier generations of retirees fared well despite limited financial literacy thanks to simpler pension systems. But what used to be a relatively simple flight plan has turned into a far more complicated journey for today’s Canadians, who face a self-directed financial landscape, according to a new report by the C.D. Howe […]
November 3, 2025 – For some parents and seniors, taking a second income, working more or drawing extra pension income can mean losing most of every extra dollar of income to taxes and benefit clawbacks. This can significantly weaken incentives to work or save, according to a C.D. Howe Institute report. In “The Clawback Trap: […]
The Clawback Trap: How Canada’s Benefit System Can Undermine Work and Saving by Alexandre Laurin and Nicholas Dahir Clawbacks of government benefits can create high marginal effective tax rates (METRs) on extra income, or high participation tax rates (PTRs) on prospective income from taking on a job, that have a negative impact on work incentives […]
From: William B.P. Robson and Alexandre LaurinTo: The Honourable François-Philippe Champagne, Minister of FinanceDate: October 29, 2025Re: Deliver on RRIF Withdrawal Promises – and Fix the Underlying Problem Back in April, the federal government said it would reduce mandatory withdrawals from Registered Retirement Income Funds (RRIFs) by 25 percent for 2025. The idea was that RRIF […]
Reduced access to financial advice is closely linked to lower participation in tax-advantaged savings and investment programs. This is largely due to limited financial literacy and behavioural inertia – barriers that financial advisors are uniquely positioned to help Canadians overcome. Limited financial participation at the individual household level has broader economic consequences: lower household financial […]
From: Kathryn BushTo: Pension observersDate: July 18, 2025Re: How a Pension Dashboard Would Ease Retirement Financial Fog Most Canadians have an array of income sources in retirement; government entitlements, retirement savings, annuities, and a trail of other sources from a lifetime of work. In addition, with fewer Canadians having defined benefit pension plans, more Canadians […]
July 8, 2025 – Most Canadians fear they will run out of money in retirement, and this fear is made worse by the shift to defined-contribution savings and by having accounts often scattered across multiple institutions. A national pension dashboard would greatly improve Canadians’ ability to plan for retirement, according to a new report from the C.D. […]
Roadmap for Retirement: The Case for a National Pension Dashboard by Kathryn Bush Retirement planning is getting harder for Canadians as more savings shift to defined-contribution plans, and account information is scattered across institutions. Given current financial literacy levels in Canada, many people struggle to understand what they’ll have to live on in retirement. A […]
The C.D. Howe Institute is pleased to announce pension policy expert Bernard Morency’s appointment as Co-Chair of the Institute’s Pension Policy Council. Former Executive Vice-President and Chief Operating Officer of La Caisse (formerly CDPQ) and Executive Vice-President of Mercer, Mr. Morency is a Senior Fellow with the C.D. Howe Institute and has been a member […]
The Study in Brief Large-scale public and private infrastructure investments are required to meet a wide range of infrastructure needs in Canada and elsewhere, and this is especially true for energy and digital transition projects. However, private developers frequently find themselves in an investment catch-22: they need private capital to launch, mature, and grow new […]
We’re saying “bye America, buy Canada” amid Donald Trump’s trade war. But even before he returned to office, there has been a growing drumbeat to turn pensions into a policy tool. Ontario Teachers’ Pension Plan guru Claude Lamoureux joins host Michael Hainsworth to discuss why forcing a “buy Canadian” strategy won’t work long-term.
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by Pierre-Carl Michaud and Bernard Morency Canadians are managing more money and more financial decisions than ever. Over the past 30 years, household wealth has more than doubled, while traditional supports like workplace pensions have faded. With fewer defined benefit plans and limited growth in public retirement benefits, people have to make more choices on […] 
November 3, 2025 – For some parents and seniors, taking a second income, working more or drawing extra pension income can mean losing most of every extra dollar of income to taxes and benefit clawbacks. This can significantly weaken incentives to work or save, according to a C.D. Howe Institute report. In “The Clawback Trap: […] 
From: William B.P. Robson and Alexandre LaurinTo: The Honourable François-Philippe Champagne, Minister of FinanceDate: October 29, 2025Re: Deliver on RRIF Withdrawal Promises – and Fix the Underlying Problem Back in April, the federal government said it would reduce mandatory withdrawals from Registered Retirement Income Funds (RRIFs) by 25 percent for 2025. The idea was that RRIF […] 
Reduced access to financial advice is closely linked to lower participation in tax-advantaged savings and investment programs. This is largely due to limited financial literacy and behavioural inertia – barriers that financial advisors are uniquely positioned to help Canadians overcome. Limited financial participation at the individual household level has broader economic consequences: lower household financial […] 
From: Kathryn BushTo: Pension observersDate: July 18, 2025Re: How a Pension Dashboard Would Ease Retirement Financial Fog Most Canadians have an array of income sources in retirement; government entitlements, retirement savings, annuities, and a trail of other sources from a lifetime of work. In addition, with fewer Canadians having defined benefit pension plans, more Canadians […] 
July 8, 2025 – Most Canadians fear they will run out of money in retirement, and this fear is made worse by the shift to defined-contribution savings and by having accounts often scattered across multiple institutions. A national pension dashboard would greatly improve Canadians’ ability to plan for retirement, according to a new report from the C.D. […] 
The C.D. Howe Institute is pleased to announce pension policy expert Bernard Morency’s appointment as Co-Chair of the Institute’s Pension Policy Council. Former Executive Vice-President and Chief Operating Officer of La Caisse (formerly CDPQ) and Executive Vice-President of Mercer, Mr. Morency is a Senior Fellow with the C.D. Howe Institute and has been a member […] 
The Study in Brief Large-scale public and private infrastructure investments are required to meet a wide range of infrastructure needs in Canada and elsewhere, and this is especially true for energy and digital transition projects. However, private developers frequently find themselves in an investment catch-22: they need private capital to launch, mature, and grow new […] 
We’re saying “bye America, buy Canada” amid Donald Trump’s trade war. But even before he returned to office, there has been a growing drumbeat to turn pensions into a policy tool. Ontario Teachers’ Pension Plan guru Claude Lamoureux joins host Michael Hainsworth to discuss why forcing a “buy Canadian” strategy won’t work long-term.