Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.
Cloud Computing
Conference & Expo
November 2-4, 2009 NYC
Register Today and SAVE !..

2008 West
DIAMOND SPONSOR:
Data Direct
SOA, WOA and Cloud Computing: The New Frontier for Data Services
PLATINUM SPONSORS:
Red Hat
The Opening of Virtualization
GOLD SPONSORS:
Appsense
User Environment Management – The Third Layer of the Desktop
Cordys
Cloud Computing for Business Agility
EMC
CMIS: A Multi-Vendor Proposal for a Service-Based Content Management Interoperability Standard
Freedom OSS
Practical SOA” Max Yankelevich
Intel
Architecting an Enterprise Service Router (ESR) – A Cost-Effective Way to Scale SOA Across the Enterprise
Sensedia
Return on Assests: Bringing Visibility to your SOA Strategy
Symantec
Managing Hybrid Endpoint Environments
VMWare
Game-Changing Technology for Enterprise Clouds and Applications
Click For 2008 West
Event Webcasts

2008 West
PLATINUM SPONSORS:
Appcelerator
Get ‘Rich’ Quick: Rapid Prototyping for RIA with ZERO Server Code
Keynote Systems
Designing for and Managing Performance in the New Frontier of Rich Internet Applications
GOLD SPONSORS:
ICEsoft
How Can AJAX Improve Homeland Security?
Isomorphic
Beyond Widgets: What a RIA Platform Should Offer
Oracle
REAs: Rich Enterprise Applications
Click For 2008 Event Webcasts
In many cases, the end of the year gives you time to step back and take stock of the last 12 months. This is when many of us take a hard look at what worked and what did not, complete performance reviews, and formulate plans for the coming year. For me, it is all of those things plus a time when I u...
SYS-CON.TV
CIBC Poll: 60% of Canadians plan to contribute to their retirement this year, but many won't follow through

Lack of funds cited as main reason they have not contributed in the past

TORONTO, Feb. 11, 2013 /CNW/ - A new CIBC (CM:TSX) (CM: NYSE) poll reveals 60 per cent of eligible Canadians say they will invest in their retirement this year; however research from previous years finds many Canadians will not follow through.

Key findings of the poll include:

  • In total, 60 per cent of Canadians say they will contribute to an RRSP, TFSA, or both in 2013. Of these:
    • 28 per cent say they will contribute to both their RRSP and TFSA this year
    • 19 per cent say they will contribute to just their RRSP
    • 13 per cent say they will contribute to just their TFSA
  • Another 31 per cent say they won't make a contribution to their retirement fund this year, compared to only 28 per cent in 2012
  • Last year, among Canadians who didn't contribute to their retirement savings, the top reason given (35 per cent) was that they did not have the money

"While it's positive that so many eligible Canadians plan to contribute towards their retirement this year, we know from previous years that only 26 per cent of eligible tax filers actually made a contribution to their RRSP but our data shows 47 per cent say they intend to contribute to their RRSP," said Jamie Golombek, Managing Director, Tax & Estate Planning, CIBC. "If you don't have the money to make a contribution to your retirement savings, the solution may come from having a hard look at your budget. Saving for retirement is really about delaying some consumption from the present to the future."

Budgeting Key to Making Retirement Savings Contributions

Mr. Golombek advises that while debt repayment is important, you shouldn't ignore your long term savings goal either.

"By restructuring your debt, or reviewing monthly cash-flow, an advisor can help you find extra money to contribute towards your retirement savings," said Mr. Golombek.

Once Canadians have identified some extra savings they can contribute to their retirement, an easier way to follow through with your good intentions is to set up a regular investment plan.

Making smaller, regular contributions throughout the year is much easier than making one large lump-sum contribution to your RRSP," said Mr. Golombek.  "If you set up your regular savings plan so that a portion of each pay cheque automatically goes to an RRSP account or your TFSA then you can't spend it."

CIBC offers the following tips for Canadians to maximize Retirement Savings:

  • Meet with an Advisor and Review your Savings Goals and Plan
  • Contribute Regularly
  • Manage and Track Day-to-Day Spending

Additional Poll Findings:

Percentage of Canadians who intend to contribute to either an RRSP, TFSA, or both in 2013 compared to last year, by region:

  2013 2012
National 60% 57%
Atlantic Canada 58% 49%
Quebec 53% 55%
Ontario 63% 56%
Manitoba/Saskatchewan 65% 52%
Alberta 65% 65%
British Columbia 60% 63%

Percentage breakdown of how Canadians plan to contribute to their retirement savings in 2013, by region:

  Both RSP Only TFSA Only
National 28% 19% 13%
Atlantic Canada 22% 19% 17%
Quebec 22% 21% 10%
Ontario 32% 19% 12%
Manitoba/Saskatchewan 33% 17% 15%
Alberta 37% 18% 9%
British Columbia 24% 15% 22%

Percentage of Canadians who plan to contribute to either an RRSP, TFSA, or both in 2013 compared to last year, by age:

  2013 2012
National 60% 57%
18-24 53% 44%
25-34 71% 65%
35-44 66% 63%
45-54 62% 58%
55-64 55% 55%
65+ 45% 50%

Percentage breakdown of how Canadians plan to contribute to their retirement savings in 2013, by age:

  Both RSP Only TFSA Only
National 28% 19% 13%
18-24 20% 19% 14%
25-34 37% 24% 11%
35-44 35% 24% 6%
45-54 32% 24% 7%
55-64 23% 13% 18%
65+ 13% 5% 27%

Results are based on a CIBC poll conducted by Harris/Decima, via teleVox, which surveyed 1740 Canadians between ages 18 and 72 (the age at which RRSPs must be converted to a Registered Retirement Income Fund).  The associated margin of error is +/-2.35%, 19 times out of 20. Polling was conducted between December 13, 2012 to January 7, 2013.

CIBC is a leading North American financial institution with nearly 11 million personal banking and business clients. CIBC offers a full range of products and services through its comprehensive electronic banking network, branches and offices across Canada, and has offices in the United States and around the world. You can find other news releases and information about CIBC in our Press Centre on our corporate website at www.cibc.com.


 

SOURCE CIBC

About PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

SOA World Latest Stories
up.time, from uptime software, monitors performance, availability and capacity across all servers, virtual machines, applications, IT services, and the network. Proactively find IT system performance issues before they happen, report on total capacity, easily identify troublemakers, tr...
The ability to embed prediction into multiple business processes amplifies the value that predictive analytics delivers. Yet many still see predictive analytics as a separate activity that is the responsibility of a small team of expert analysts. This webinar will show how predictive...
Many mid-market companies have invested significant time and resources to secure and back up their servers, client computers, data, and overall network infrastructure in what was the traditional client-server setup. Now, what were considered emerging technologies just a few years ago, ...
TIBCO Software Inc. has announced that TIBCO StreamBase®, the company's streaming data analytics platform, has been recognized as a leader in The Forrester Wave™: Big Data Streaming Analytics Platforms, Q3 2014 from Forrester Research, Inc. Big Data Streaming Analytics allow a busin...
When Swedish communications services provider TDC needed network infrastructure improvements from their disparate networks across several Nordic countries, they needed both simplicity in execution and agility in performance. Our next innovation case study interview therefore highlight...
SYS-CON Events announced today that DevOps.com has been named “Media Sponsor” of SYS-CON's “DevOps Summit at Cloud Expo,” which will take place on June 10–12, 2014, at the Javits Center in New York City, New York. DevOps.com is where the world meets DevOps. It is the largest collectio...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021


SYS-CON Featured Whitepapers
ADS BY GOOGLE