Canadians need to brush up on the retirement system

Canadians need to brush up on the retirement system

As people face longer lifespans, rising healthcare costs, and increasing pressure to support children into adulthood , planning for retirement is only becoming more important. A crucial part of that is knowing how the system works — which, according to a new survey, is something Canadians need to do better at.

In the first-ever edition of its RSI Index, the Retirement and Savings Institute at HEC Montreal surveyed a population of 3,000 Canadians aged 35 to 54 years old.

“The 35-54 age group was targeted because it includes those individuals who should be in an accumulation phase with respect to retirement […]

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