Retirement
is wanting more and more dearer to Canadians as they are saying they want $1.7 million on common to “retire comfortably,” up from $1.54 million in 2024, in response to a brand new survey by
Financial institution of Montreal
.
“The findings point out rising uncertainty concerning the future as rising prices and financial considerations problem long-term monetary planning objectives,” BMO mentioned concerning the examine of 1,500 adults carried out late final yr and launched on Tuesday.
Canadians’ newest retirement
financial savings
objective is 26 per cent larger than the $1.35 million in 2019, which is when BMO began asking how a lot folks thought they would wish to get them via their non-working years.
Some folks had a good larger retirement financial savings hill to climb. For instance, British Columbians estimated they want $2.2 million, whereas Ontarians got here in simply behind at about $1.9 million. Albertans had the subsequent highest objective at virtually $1.7 million, adopted by these in Saskatchewan and Manitoba at $1.28 million, Quebec at
$1.24 million
and the Atlantic provinces at $928,000.
However Canadians’ perception of their skill to achieve their objective is falling, with 36 per cent admitting they don’t count on to achieve their goal, up from 29 per cent in 2024.
Many individuals additionally did not hit the benchmark of placing apart 10 per cent of their revenue for retirement, BMO mentioned. Almost three in 10 mentioned they saved lower than 5 per cent, whereas almost 4 in 10 saved 5 per cent to 10 per cent. Simply 21 per cent managed to put aside greater than 10 per cent.
However retirement isn’t for everybody, as 14 per cent of respondents indicated they deliberate to maintain working.
On a generational foundation, 27 per cent of
boomers
who weren’t already retired mentioned they deliberate to remain within the workforce, in contrast with 20 per cent of
gen-Xers
, 18 per cent of
millennials
and 15 per cent of
gen-Zers
.
One other examine echoed BMO’s findings that Canadians are skeptical of having the ability to put aside sufficient for retirement.
Almost half of Canadians saving for retirement are placing apart as a lot as they’ll afford into their office
pension plans
, however simply 41 per cent suppose they’ll find yourself with sufficient to comfortably retire, mentioned a survey by T. Rowe Worth Group Inc.
The asset supervisor launched its survey concerning the retirement planning and intentions of greater than 7,000 folks in 5 international locations, together with Canada, the UK, the US, Japan and Australia.
Additionally just like BMO’s survey, some Canadians mentioned they deliberate to proceed working, relatively than retire, with 30 per cent of these 50 and older anticipating to proceed punching the clock at the least half time in comparison with 18 per cent of these aged 35-49 and 12 per cent of these aged 18-34.
“This expectation mustn’t essentially be interpreted as detrimental, as some folks select to proceed a type of work in retirement for causes past purely monetary,” T. Rowe mentioned, reminiscent of sustaining a way of goal and interesting socially.
It additionally mentioned a majority of Canadians reported experiencing reasonable to excessive ranges of stress when it got here to saving for retirement.
Crush your taxes: A dwell Q&A with Jamie Golombek from the Monetary Submit
Tax season is in full swing and we all know you’ve got questions. That’s why we’re giving Monetary Submit readers an opportunity to place them to our professional tax columnist, CIBC’s Jamie Golombek, who will reply as many as he can dwell on March 5 at midday ET. Ship in your inquiries to
and register
right here
to tune in dwell. Readers may also have the chance to submit questions through the occasion.
Enroll right here to get Posthaste delivered straight to your inbox.
Canada’s residential housing market has skilled the biggest decline in housing costs amongst comparable superior economies, in response to the Financial institution for Worldwide Settlements (BIS).
Home costs in Canada, adjusted for inflation, fell 5 per cent within the third quarter from a yr earlier, mentioned a brand new report from BIS, which is the financial institution for 63 international central banks.
Trying previous the most-recent quarterly information, dwelling costs in Canada plummeted 18 per cent in nominal or precise cash phrases from the primary quarter of 2022 to the third quarter of 2025, outpacing a 17.8 per cent decline in China throughout the identical interval, BIS information confirmed. South Korea had the third-largest decline at 6.8 per cent, adopted by a 6.2 per cent decline in Germany and a six per cent decline in Sweden. — Gigi Suhanic, Monetary Submit
Learn the complete story right here.
- Right now’s Knowledge: CFIB Enterprise Barometer, Canada payroll employment change, Canada present account stability
- Earnings: Canadian Imperial Financial institution of Commerce, Toronto-Dominion Financial institution, Royal Financial institution of Canada, Enerflex Ltd., Cascades Inc., Stella Jones Corp., Atco Ltd., Canadian Utilities Ltd., Extendicare Inc., Pembina Pipeline Corp., Chartwell Retirement Residence, Jamieson Wellness Inc.
- Nationwide Financial institution beats estimates as Canadian Western boosts main enterprise strains
- BMO posts file income throughout its enterprise segments, beating expectations
- Quebec’s Caisse posts 9.3% return in 2025 regardless of uncertainty
This B.C. retiree, on her personal since her husband died seven years in the past, has a present revenue that’s simply sufficient to cowl bills with “little left.” However she needs to undertake a significant renovation of her dwelling and ensure her portfolio is ready to generate at the least $80,000 after tax for the subsequent 27 years. Discover out right here if she has sufficient sources to make that occur.
Considering vitality? The subscriber-only FP West: Vitality Insider e-newsletter brings you unique reporting and in-depth evaluation on one of many nation’s most vital sectors.
Enroll right here.
McLister on mortgages
Wish to study extra about mortgages? Mortgage strategist Robert McLister’s
Monetary Submit column
may also help navigate the advanced sector, from the most recent developments to financing alternatives you received’t need to miss. Plus examine his
mortgage price web page
for Canada’s lowest nationwide mortgage charges, up to date day by day.
Monetary Submit on YouTube
Go to the Monetary Submit’s
YouTube channel
for interviews with Canada’s main specialists in enterprise, economics, housing, the vitality sector and extra.
Right now’s Posthaste was written by Gigi Suhanic with extra reporting from Monetary Submit employees and Bloomberg.
Have a narrative thought, pitch, embargoed report, or a suggestion for this text? E-mail us at
.
Bookmark our web site and help our journalism: Don’t miss the enterprise information you have to know — add financialpost.com to your bookmarks and join our newsletters right here
Retirement
is wanting more and more dearer to Canadians as they are saying they want $1.7 million on common to “retire comfortably,” up from $1.54 million in 2024, in response to a brand new survey by
Financial institution of Montreal
.
“The findings point out rising uncertainty concerning the future as rising prices and financial considerations problem long-term monetary planning objectives,” BMO mentioned concerning the examine of 1,500 adults carried out late final yr and launched on Tuesday.
Canadians’ newest retirement
financial savings
objective is 26 per cent larger than the $1.35 million in 2019, which is when BMO began asking how a lot folks thought they would wish to get them via their non-working years.
Some folks had a good larger retirement financial savings hill to climb. For instance, British Columbians estimated they want $2.2 million, whereas Ontarians got here in simply behind at about $1.9 million. Albertans had the subsequent highest objective at virtually $1.7 million, adopted by these in Saskatchewan and Manitoba at $1.28 million, Quebec at
$1.24 million
and the Atlantic provinces at $928,000.
However Canadians’ perception of their skill to achieve their objective is falling, with 36 per cent admitting they don’t count on to achieve their goal, up from 29 per cent in 2024.
Many individuals additionally did not hit the benchmark of placing apart 10 per cent of their revenue for retirement, BMO mentioned. Almost three in 10 mentioned they saved lower than 5 per cent, whereas almost 4 in 10 saved 5 per cent to 10 per cent. Simply 21 per cent managed to put aside greater than 10 per cent.
However retirement isn’t for everybody, as 14 per cent of respondents indicated they deliberate to maintain working.
On a generational foundation, 27 per cent of
boomers
who weren’t already retired mentioned they deliberate to remain within the workforce, in contrast with 20 per cent of
gen-Xers
, 18 per cent of
millennials
and 15 per cent of
gen-Zers
.
One other examine echoed BMO’s findings that Canadians are skeptical of having the ability to put aside sufficient for retirement.
Almost half of Canadians saving for retirement are placing apart as a lot as they’ll afford into their office
pension plans
, however simply 41 per cent suppose they’ll find yourself with sufficient to comfortably retire, mentioned a survey by T. Rowe Worth Group Inc.
The asset supervisor launched its survey concerning the retirement planning and intentions of greater than 7,000 folks in 5 international locations, together with Canada, the UK, the US, Japan and Australia.
Additionally just like BMO’s survey, some Canadians mentioned they deliberate to proceed working, relatively than retire, with 30 per cent of these 50 and older anticipating to proceed punching the clock at the least half time in comparison with 18 per cent of these aged 35-49 and 12 per cent of these aged 18-34.
“This expectation mustn’t essentially be interpreted as detrimental, as some folks select to proceed a type of work in retirement for causes past purely monetary,” T. Rowe mentioned, reminiscent of sustaining a way of goal and interesting socially.
It additionally mentioned a majority of Canadians reported experiencing reasonable to excessive ranges of stress when it got here to saving for retirement.
Crush your taxes: A dwell Q&A with Jamie Golombek from the Monetary Submit
Tax season is in full swing and we all know you’ve got questions. That’s why we’re giving Monetary Submit readers an opportunity to place them to our professional tax columnist, CIBC’s Jamie Golombek, who will reply as many as he can dwell on March 5 at midday ET. Ship in your inquiries to
and register
right here
to tune in dwell. Readers may also have the chance to submit questions through the occasion.
Enroll right here to get Posthaste delivered straight to your inbox.
Canada’s residential housing market has skilled the biggest decline in housing costs amongst comparable superior economies, in response to the Financial institution for Worldwide Settlements (BIS).
Home costs in Canada, adjusted for inflation, fell 5 per cent within the third quarter from a yr earlier, mentioned a brand new report from BIS, which is the financial institution for 63 international central banks.
Trying previous the most-recent quarterly information, dwelling costs in Canada plummeted 18 per cent in nominal or precise cash phrases from the primary quarter of 2022 to the third quarter of 2025, outpacing a 17.8 per cent decline in China throughout the identical interval, BIS information confirmed. South Korea had the third-largest decline at 6.8 per cent, adopted by a 6.2 per cent decline in Germany and a six per cent decline in Sweden. — Gigi Suhanic, Monetary Submit
Learn the complete story right here.
- Right now’s Knowledge: CFIB Enterprise Barometer, Canada payroll employment change, Canada present account stability
- Earnings: Canadian Imperial Financial institution of Commerce, Toronto-Dominion Financial institution, Royal Financial institution of Canada, Enerflex Ltd., Cascades Inc., Stella Jones Corp., Atco Ltd., Canadian Utilities Ltd., Extendicare Inc., Pembina Pipeline Corp., Chartwell Retirement Residence, Jamieson Wellness Inc.
- Nationwide Financial institution beats estimates as Canadian Western boosts main enterprise strains
- BMO posts file income throughout its enterprise segments, beating expectations
- Quebec’s Caisse posts 9.3% return in 2025 regardless of uncertainty
This B.C. retiree, on her personal since her husband died seven years in the past, has a present revenue that’s simply sufficient to cowl bills with “little left.” However she needs to undertake a significant renovation of her dwelling and ensure her portfolio is ready to generate at the least $80,000 after tax for the subsequent 27 years. Discover out right here if she has sufficient sources to make that occur.
Considering vitality? The subscriber-only FP West: Vitality Insider e-newsletter brings you unique reporting and in-depth evaluation on one of many nation’s most vital sectors.
Enroll right here.
McLister on mortgages
Wish to study extra about mortgages? Mortgage strategist Robert McLister’s
Monetary Submit column
may also help navigate the advanced sector, from the most recent developments to financing alternatives you received’t need to miss. Plus examine his
mortgage price web page
for Canada’s lowest nationwide mortgage charges, up to date day by day.
Monetary Submit on YouTube
Go to the Monetary Submit’s
YouTube channel
for interviews with Canada’s main specialists in enterprise, economics, housing, the vitality sector and extra.
Right now’s Posthaste was written by Gigi Suhanic with extra reporting from Monetary Submit employees and Bloomberg.
Have a narrative thought, pitch, embargoed report, or a suggestion for this text? E-mail us at
.
Bookmark our web site and help our journalism: Don’t miss the enterprise information you have to know — add financialpost.com to your bookmarks and join our newsletters right here
Retirement
is wanting more and more dearer to Canadians as they are saying they want $1.7 million on common to “retire comfortably,” up from $1.54 million in 2024, in response to a brand new survey by
Financial institution of Montreal
.
“The findings point out rising uncertainty concerning the future as rising prices and financial considerations problem long-term monetary planning objectives,” BMO mentioned concerning the examine of 1,500 adults carried out late final yr and launched on Tuesday.
Canadians’ newest retirement
financial savings
objective is 26 per cent larger than the $1.35 million in 2019, which is when BMO began asking how a lot folks thought they would wish to get them via their non-working years.
Some folks had a good larger retirement financial savings hill to climb. For instance, British Columbians estimated they want $2.2 million, whereas Ontarians got here in simply behind at about $1.9 million. Albertans had the subsequent highest objective at virtually $1.7 million, adopted by these in Saskatchewan and Manitoba at $1.28 million, Quebec at
$1.24 million
and the Atlantic provinces at $928,000.
However Canadians’ perception of their skill to achieve their objective is falling, with 36 per cent admitting they don’t count on to achieve their goal, up from 29 per cent in 2024.
Many individuals additionally did not hit the benchmark of placing apart 10 per cent of their revenue for retirement, BMO mentioned. Almost three in 10 mentioned they saved lower than 5 per cent, whereas almost 4 in 10 saved 5 per cent to 10 per cent. Simply 21 per cent managed to put aside greater than 10 per cent.
However retirement isn’t for everybody, as 14 per cent of respondents indicated they deliberate to maintain working.
On a generational foundation, 27 per cent of
boomers
who weren’t already retired mentioned they deliberate to remain within the workforce, in contrast with 20 per cent of
gen-Xers
, 18 per cent of
millennials
and 15 per cent of
gen-Zers
.
One other examine echoed BMO’s findings that Canadians are skeptical of having the ability to put aside sufficient for retirement.
Almost half of Canadians saving for retirement are placing apart as a lot as they’ll afford into their office
pension plans
, however simply 41 per cent suppose they’ll find yourself with sufficient to comfortably retire, mentioned a survey by T. Rowe Worth Group Inc.
The asset supervisor launched its survey concerning the retirement planning and intentions of greater than 7,000 folks in 5 international locations, together with Canada, the UK, the US, Japan and Australia.
Additionally just like BMO’s survey, some Canadians mentioned they deliberate to proceed working, relatively than retire, with 30 per cent of these 50 and older anticipating to proceed punching the clock at the least half time in comparison with 18 per cent of these aged 35-49 and 12 per cent of these aged 18-34.
“This expectation mustn’t essentially be interpreted as detrimental, as some folks select to proceed a type of work in retirement for causes past purely monetary,” T. Rowe mentioned, reminiscent of sustaining a way of goal and interesting socially.
It additionally mentioned a majority of Canadians reported experiencing reasonable to excessive ranges of stress when it got here to saving for retirement.
Crush your taxes: A dwell Q&A with Jamie Golombek from the Monetary Submit
Tax season is in full swing and we all know you’ve got questions. That’s why we’re giving Monetary Submit readers an opportunity to place them to our professional tax columnist, CIBC’s Jamie Golombek, who will reply as many as he can dwell on March 5 at midday ET. Ship in your inquiries to
and register
right here
to tune in dwell. Readers may also have the chance to submit questions through the occasion.
Enroll right here to get Posthaste delivered straight to your inbox.
Canada’s residential housing market has skilled the biggest decline in housing costs amongst comparable superior economies, in response to the Financial institution for Worldwide Settlements (BIS).
Home costs in Canada, adjusted for inflation, fell 5 per cent within the third quarter from a yr earlier, mentioned a brand new report from BIS, which is the financial institution for 63 international central banks.
Trying previous the most-recent quarterly information, dwelling costs in Canada plummeted 18 per cent in nominal or precise cash phrases from the primary quarter of 2022 to the third quarter of 2025, outpacing a 17.8 per cent decline in China throughout the identical interval, BIS information confirmed. South Korea had the third-largest decline at 6.8 per cent, adopted by a 6.2 per cent decline in Germany and a six per cent decline in Sweden. — Gigi Suhanic, Monetary Submit
Learn the complete story right here.
- Right now’s Knowledge: CFIB Enterprise Barometer, Canada payroll employment change, Canada present account stability
- Earnings: Canadian Imperial Financial institution of Commerce, Toronto-Dominion Financial institution, Royal Financial institution of Canada, Enerflex Ltd., Cascades Inc., Stella Jones Corp., Atco Ltd., Canadian Utilities Ltd., Extendicare Inc., Pembina Pipeline Corp., Chartwell Retirement Residence, Jamieson Wellness Inc.
- Nationwide Financial institution beats estimates as Canadian Western boosts main enterprise strains
- BMO posts file income throughout its enterprise segments, beating expectations
- Quebec’s Caisse posts 9.3% return in 2025 regardless of uncertainty
This B.C. retiree, on her personal since her husband died seven years in the past, has a present revenue that’s simply sufficient to cowl bills with “little left.” However she needs to undertake a significant renovation of her dwelling and ensure her portfolio is ready to generate at the least $80,000 after tax for the subsequent 27 years. Discover out right here if she has sufficient sources to make that occur.
Considering vitality? The subscriber-only FP West: Vitality Insider e-newsletter brings you unique reporting and in-depth evaluation on one of many nation’s most vital sectors.
Enroll right here.
McLister on mortgages
Wish to study extra about mortgages? Mortgage strategist Robert McLister’s
Monetary Submit column
may also help navigate the advanced sector, from the most recent developments to financing alternatives you received’t need to miss. Plus examine his
mortgage price web page
for Canada’s lowest nationwide mortgage charges, up to date day by day.
Monetary Submit on YouTube
Go to the Monetary Submit’s
YouTube channel
for interviews with Canada’s main specialists in enterprise, economics, housing, the vitality sector and extra.
Right now’s Posthaste was written by Gigi Suhanic with extra reporting from Monetary Submit employees and Bloomberg.
Have a narrative thought, pitch, embargoed report, or a suggestion for this text? E-mail us at
.
Bookmark our web site and help our journalism: Don’t miss the enterprise information you have to know — add financialpost.com to your bookmarks and join our newsletters right here
Retirement
is wanting more and more dearer to Canadians as they are saying they want $1.7 million on common to “retire comfortably,” up from $1.54 million in 2024, in response to a brand new survey by
Financial institution of Montreal
.
“The findings point out rising uncertainty concerning the future as rising prices and financial considerations problem long-term monetary planning objectives,” BMO mentioned concerning the examine of 1,500 adults carried out late final yr and launched on Tuesday.
Canadians’ newest retirement
financial savings
objective is 26 per cent larger than the $1.35 million in 2019, which is when BMO began asking how a lot folks thought they would wish to get them via their non-working years.
Some folks had a good larger retirement financial savings hill to climb. For instance, British Columbians estimated they want $2.2 million, whereas Ontarians got here in simply behind at about $1.9 million. Albertans had the subsequent highest objective at virtually $1.7 million, adopted by these in Saskatchewan and Manitoba at $1.28 million, Quebec at
$1.24 million
and the Atlantic provinces at $928,000.
However Canadians’ perception of their skill to achieve their objective is falling, with 36 per cent admitting they don’t count on to achieve their goal, up from 29 per cent in 2024.
Many individuals additionally did not hit the benchmark of placing apart 10 per cent of their revenue for retirement, BMO mentioned. Almost three in 10 mentioned they saved lower than 5 per cent, whereas almost 4 in 10 saved 5 per cent to 10 per cent. Simply 21 per cent managed to put aside greater than 10 per cent.
However retirement isn’t for everybody, as 14 per cent of respondents indicated they deliberate to maintain working.
On a generational foundation, 27 per cent of
boomers
who weren’t already retired mentioned they deliberate to remain within the workforce, in contrast with 20 per cent of
gen-Xers
, 18 per cent of
millennials
and 15 per cent of
gen-Zers
.
One other examine echoed BMO’s findings that Canadians are skeptical of having the ability to put aside sufficient for retirement.
Almost half of Canadians saving for retirement are placing apart as a lot as they’ll afford into their office
pension plans
, however simply 41 per cent suppose they’ll find yourself with sufficient to comfortably retire, mentioned a survey by T. Rowe Worth Group Inc.
The asset supervisor launched its survey concerning the retirement planning and intentions of greater than 7,000 folks in 5 international locations, together with Canada, the UK, the US, Japan and Australia.
Additionally just like BMO’s survey, some Canadians mentioned they deliberate to proceed working, relatively than retire, with 30 per cent of these 50 and older anticipating to proceed punching the clock at the least half time in comparison with 18 per cent of these aged 35-49 and 12 per cent of these aged 18-34.
“This expectation mustn’t essentially be interpreted as detrimental, as some folks select to proceed a type of work in retirement for causes past purely monetary,” T. Rowe mentioned, reminiscent of sustaining a way of goal and interesting socially.
It additionally mentioned a majority of Canadians reported experiencing reasonable to excessive ranges of stress when it got here to saving for retirement.
Crush your taxes: A dwell Q&A with Jamie Golombek from the Monetary Submit
Tax season is in full swing and we all know you’ve got questions. That’s why we’re giving Monetary Submit readers an opportunity to place them to our professional tax columnist, CIBC’s Jamie Golombek, who will reply as many as he can dwell on March 5 at midday ET. Ship in your inquiries to
and register
right here
to tune in dwell. Readers may also have the chance to submit questions through the occasion.
Enroll right here to get Posthaste delivered straight to your inbox.
Canada’s residential housing market has skilled the biggest decline in housing costs amongst comparable superior economies, in response to the Financial institution for Worldwide Settlements (BIS).
Home costs in Canada, adjusted for inflation, fell 5 per cent within the third quarter from a yr earlier, mentioned a brand new report from BIS, which is the financial institution for 63 international central banks.
Trying previous the most-recent quarterly information, dwelling costs in Canada plummeted 18 per cent in nominal or precise cash phrases from the primary quarter of 2022 to the third quarter of 2025, outpacing a 17.8 per cent decline in China throughout the identical interval, BIS information confirmed. South Korea had the third-largest decline at 6.8 per cent, adopted by a 6.2 per cent decline in Germany and a six per cent decline in Sweden. — Gigi Suhanic, Monetary Submit
Learn the complete story right here.
- Right now’s Knowledge: CFIB Enterprise Barometer, Canada payroll employment change, Canada present account stability
- Earnings: Canadian Imperial Financial institution of Commerce, Toronto-Dominion Financial institution, Royal Financial institution of Canada, Enerflex Ltd., Cascades Inc., Stella Jones Corp., Atco Ltd., Canadian Utilities Ltd., Extendicare Inc., Pembina Pipeline Corp., Chartwell Retirement Residence, Jamieson Wellness Inc.
- Nationwide Financial institution beats estimates as Canadian Western boosts main enterprise strains
- BMO posts file income throughout its enterprise segments, beating expectations
- Quebec’s Caisse posts 9.3% return in 2025 regardless of uncertainty
This B.C. retiree, on her personal since her husband died seven years in the past, has a present revenue that’s simply sufficient to cowl bills with “little left.” However she needs to undertake a significant renovation of her dwelling and ensure her portfolio is ready to generate at the least $80,000 after tax for the subsequent 27 years. Discover out right here if she has sufficient sources to make that occur.
Considering vitality? The subscriber-only FP West: Vitality Insider e-newsletter brings you unique reporting and in-depth evaluation on one of many nation’s most vital sectors.
Enroll right here.
McLister on mortgages
Wish to study extra about mortgages? Mortgage strategist Robert McLister’s
Monetary Submit column
may also help navigate the advanced sector, from the most recent developments to financing alternatives you received’t need to miss. Plus examine his
mortgage price web page
for Canada’s lowest nationwide mortgage charges, up to date day by day.
Monetary Submit on YouTube
Go to the Monetary Submit’s
YouTube channel
for interviews with Canada’s main specialists in enterprise, economics, housing, the vitality sector and extra.
Right now’s Posthaste was written by Gigi Suhanic with extra reporting from Monetary Submit employees and Bloomberg.
Have a narrative thought, pitch, embargoed report, or a suggestion for this text? E-mail us at
.
Bookmark our web site and help our journalism: Don’t miss the enterprise information you have to know — add financialpost.com to your bookmarks and join our newsletters right here
