Advertisement
Most Canadian millionaires plan to retire by age 60 on $2M
| Region | Average age of retirement | % who plan to retire in Canada | Average $ amount needed for retirement | Average $ amount in investment portfolio | % of affluent Canadians with an investment portfolio | % who plan to use the money in investment portfolio to fund retirement | % with investment portfolio who consider themselves balanced investors | |||||||
| National | 60 | 91 | 2,300,000 | 2,127,411 | 96 | 91 | 62 | |||||||
| Atlantic | 56 | 90 | 2,100,000 | 1,390,154 | 90 | 85 | 58 | |||||||
| Quebec | 58 | 90 | 2,400,000 | 1,526,129 | 100 | 90 | 58 | |||||||
| Ontario | 60 | 91 | 2,200,000 | 2,414,872 | 95 | 89 | 65 | |||||||
| Alberta | 61 | 90 | 2,400,000 | 2,012,234 | 98 | 98 | 66 | |||||||
| B.C. | 59 | 92 | 2,200,000 | 3,065,889 | 94 | 98 | 60 |
Share this article Share on Facebook Share on Twitter Share on Linkedin Share on Reddit Share on Email
Volunteers from CUPW will deliver some government cheques during the strike, such as CPP, OAS and the Canada Child...
Canada bank earnings remain on target, Dollarama’s expectations catch up to it, “insider selling” sets a new record, and...
Tax planning in Canada isn’t just for March and April. These smart tax moves need to be made before...
Allison resold her Eras Tour tickets instead of going to the concert. The resale website asked for her SIN,...
Back into the tariff hurricane, Couche-Tard pumps profits, Macy’s loses $130 million, and is there too much optimism about...
Forced to become an entrepreneur, Alain Guillot forged an unconventional career as a financial pundit in Canada as an...
Contrary to the conventional advice, taking more than the minimum RRIF withdrawal can at times save tax on your...
If you continue working in retirement, it could cause a clawback on your OAS. Here’s how to figure out...
Nvidia doubles revenue in one year, Canadian inflation moves in the wrong direction, Target misses badly, Walmart beats earnings...
