02/18/2012 - Article by Fred Vettese
…First, anyone nearing retirement should find it encouraging that Canada's retirees are currently doing better financially than most of us realize. If we use Statistics Canada's low-income cutoffs as the poverty threshold, just 5.2% of seniors would be classified as poor. By comparison, the poverty rate for Canadians age 18-64 is 10.5%, more than double.