Jan. 17, 2020


  • RRSP contributions: last day for contributions is March 2, 2020
    • 2019 Maximum contribution: $26,500
    • 2020 Maximum contribution: $27,230
  • TFSA contributions: maximum contribution is $6,000
    • 2020 Maximum lifetime contribution: $69,500
    • Must be 18 years of age and a Canadian citizen
  • Canada Pension Plan (CPP): Average retirement pension at age 65 is $682.97 per month
    • Maximum retirement pension at age 65 is $1,175.83 per month (January 2020)
  • Old Age Security (OAS): Maximum pension at age 65 is $613.53
    • Clawback begins at an annual income of $77,580 (July 2020 to June 2021)
    • No OAS paid: Over $126,058 income from July 2020 to June 2021


  • 55% of Canadians plan to know their retirement date at least a year in advance while only 39% actually know that far in advance and 16% have no notice.
  • 29% of pre-retirees plan to head south for the winter once they are no longer working; 51% prioritize spending time with family and 48% with friends.
  • 50% of retirees plan to continue working in retirement to stay active mentally (64%), physically (48%), avoid boredom (44%), generate income (43%).
  • Only 11% of retirees said they have returned to full-time work.


  • Over the next 4 weeks we are going to ‘bust’ some common investment myths
    • Myth #1: Since the long-term historical average annual return on the stock market is ~10%, investors should expect to see calendar-year returns near 10%.
    • Reality #1: Quite the contrary! It is likely that investors will only rarely see a calendar year where equity returns are close to their long-term historical average.
      • Since 1957 only 8 years out of 63 have seen the Canadian stock market generate performance +/- 2% of the average.
      • Investors should expect a wide range of outcomes in any given year but over the long-term annualized returns are near the historical average.


  • China’s population is now over 1.4 billion, despite the birth rate decline for the 3rd consecutive year.
  • Germany’s population reached a record 83.2 million, thanks to migration, but that is the slowest pace of growth since 2012.
    • Germany has one of the world’s oldest populations and has recorded more deaths than births annually since 1972.
  • Canada’s apartment vacancy rate hit its lowest level (2.2% in 2019 vs 2.4% in 2018) since 2002.
  • US Senate signed the USMCA (new NAFTA) agreement yesterday.
  • American officers seized 2,214 kg of marijuana from travelers entering the US (Nov 1/18 to Oct 31/19), nearly double the year prior.
  • Russia’s president, Vladimir Putin, has proposed constitutional amendment which would allow him to retain power in another role once his current term ends in 2024.