The document discusses retirement planning and government programs in Canada. It provides an overview and agenda on topics like the global pension index, RRSP and TFSA contribution limits, CPP, OAS, private pension plans, stock market performance, and optional workforce in retirement. Sources are included for further reading on issues like the growth of pension assets and Canadians' confidence in maintaining a comfortable retirement.

1. RETIREMENT AND
GOVERNMENT
PAUL YOUNG CPA CGA
MARCH 22, 2021

2. PAUL YOUNG - BIO
• CPA, CGA
• Academia (PF1, FA4, FN2, MU1. and MS2)
• SME – Risk Management
• SME – Close, Consolidate and Reporting
• SME – Public Policy
• SME – Emerging Technology
• SME – Business Process Change
• SME – Financial Solutions
• SME – Macro/Micro Indicators
• SME – Supply Chain Management
Contact information:
Paul_Young_CGA@Hotmail.com

3. AGENDA
• Global Pension Index
• RRSP / Contribution for 2021
• TFSA
• CPP
• OAS
• Private Pension Plans
• Stock Market
• Blog – Pensions
• Blog – Pensions
• Optional Workforce
• Summary

4. GLOBAL PENSION INDEX
Source - https://www.mercer.com.au/our-thinking/global-pension-index.html#contactForm
2020 Report
2020 Report
2015 Report

5. RRSP / CONTRIBUTION

6. TFSA (TAX FREE SAVINGS ACCOUNT)
Source -
https://www.investmentexecutive.com/news/indus
try-news/tfsa-assets-rise-19-year-over-year/
Source https://www.advisor.ca/news/industry-
news/tfsa-assets-rise-8-year-over-year/

7. CPP
Source - https://www.canada.ca/en/services/benefits/publicpensions/cpp/payment-amounts.html

8. OAS (OLD AGE SECURITY)
Source - https://www.canada.ca/en/services/benefits/publicpensions/cpp/old-age-security/payments.html

9. PRIVATE PENSION PLANS
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/200813/dq200813b-eng.pdf

10. PRIVATE PENSION PLANS
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/200813/dq200813b-eng.pdf

11. 11
PENSION RETURNS – 3Q20
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/210216/dq210216b-eng.htm
Here is my brief look at pensions - https://www.slideshare.net/paulyoungcga/pensions-what-up-with-pension-returns-
242900583

12. STOCK MARKET

13. BLOG – PENSION CRISIS
The pension wealth of Canadians grew 10.4% in nominal terms in 2019, increasing to $4,250 billion by the end of
the year after slower growth in 2018 (+0.7%). This faster pace of growth was predominately due to gains in equity
markets, which impacted the market value of assets. By the end of 2019 the Toronto Stock Exchange (TSX) and
Standard & Poor's 500 (S&P 500) increased by 19.1% and 28.9%, respectively, a rebound from the end
of 2018 when markets sharply declined.
Source - https://www150.statcan.gc.ca/n1/daily-quotidien/201211/dq201211c-eng.htm
My work
https://www2.slideshare.net/paulyoungcga/pensions-what-up-with-pension-returns
“Pension funds continued to grow strongly in 2020, underpinned by ongoing multi-decade themes such as the rotation
from equities to alternatives and the growth of defined contribution (DC), now the dominant global pensions model,” said
Marisa Hall, co-head of the Thinking Ahead Institute.
“This paints a picture of a resilient industry in good health and relatively well placed to weather the effects – economic and
otherwise – of the ongoing pandemic. This is good news for billions of savers around the world.
“However, this shouldn’t mask the growing set of challenges that industry leaders face, particularly around addressing
broader stakeholder groups’ needs and wants, while continuing to deliver financial security for their fund members.”
https://www.theactuary.com/2021/02/17/global-pension-fund-assets-record-double-digit-growth

14. OPTIONAL WORKFORCE
/ RETIREMENT
Source - https://www.nextbigfuture.com/2021/03/a-world-with-most-in-a-work-optional-
state.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+blogspot%2Fadvancednano+%28next
bigfuture%29 or https://www.schroders.com/en/uk/private-investor/insights/markets/global-investment-trends-survey-
2015/ or https://www.newswire.ca/news-releases/global-survey-when-it-comes-to-saving-for-retirement-canadians-feel-
they-weathered-global-economic-downturn-better-than-any-other-nation-516475421.html
Many European countries have high rates of people
successfully reaching retirement or a work optional state.
The savings rate can be higher and the medical system
and elder care systems can be nationally structured where
there is never the risk of large financial payouts for any
medical procedure or for elder care costs where the
nursing costs are paid for by the elderly or their families.
Post-2009 Recession (2015 Report)
Although the research suggests that Canadians
weathered the economic downturn relatively well, it
also shows that on average, Canadians feel somewhat
less prepared for the realities of retirement than their
international peers. In fact, four in 10 Canadians are
not confident in their ability to maintain a comfortable
retirement – somewhat above the global average of
35%.

15. SAVINGS RATE
Source - https://howmuch.net/articles/saving-rates-around-the-world
Source - https://www.statista.com/statistics/246296/savings-rate-in-percent-of-
disposable-income-worldwide/

16. SUMMARY
• Structural employment issues have led to many issues with job quality - https://www.slideshare.net/paulyoungcga/job-quality-
and-labor-market-analysis-canada-january-2021
• Ability of governments around the world to bring in proper balanced when it comes to economic and environmental policies -
https://www.slideshare.net/paulyoungcga/how-to-maximized-the-circular-economy-244067365
• Countries need to do a better job with risk mitigation due to geopolitical events -
https://www.slideshare.net/paulyoungcga/crisis-and-emergency-management-how-best-to-manage-risk
• More and more companies are adopting sustainable reporting as part of managing their carbon and waste footprint -
https://ibm.box.com/s/vmyitcackqevvm1hcxv7wke6gudrpnce
• Affordability due to cost of housing and taxes like carbon taxes - https://www.slideshare.net/paulyoungcga/cost-of-living-
canada-january-2021
• Pension plans will continue to face uncertainty in terms of their asset value - https://due.com/blog/pros-and-cons-of-pension-
plans-today/ or https://fee.org/articles/the-5-states-with-the-most-underfunded-public-employee-pensions/ or
https://taxfoundation.org/state-public-pension-plan-funding-coronavirus/ or
https://www.investmentexecutive.com/news/research-and-markets/pandemic-puts-pressure-on-global-pensions/