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The Overlooked Option for Boosting Retirement Savings: Higher Limits for RRSPs

Author

Listed:
  • Alexandre Laurin

    (C.D. Howe Institute)

Abstract

Government policymakers should not overlook enhancing RRSPs as a way to boost retirement savings by Canadians, according to a report from the C.D. Howe Institute. In “The Overlooked Option for Boosting Retirement Savings: Higher Limits for RRSPs,” author Alexandre Laurin finds that those who most need private saving to meet their retirement income goals use RRSPs more extensively than widely believed.

Suggested Citation

  • Alexandre Laurin, 2014. "The Overlooked Option for Boosting Retirement Savings: Higher Limits for RRSPs," e-briefs 183, C.D. Howe Institute.
    • Handle: RePEc:cdh:ebrief:183
    as

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    File URL: https://www.cdhowe.org/overlooked-option-boosting-retirement-savings-higher-limits-rrsps
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    References listed on IDEAS

    as
    1. Kevin D. Moore & William Robson & Alexandre Laurin, 2010. "Canada’s Looming Retirement Challenge: Will Future Retirees Be Able to Maintain Their Living Standards upon Retirement?," C.D. Howe Institute Commentary, C.D. Howe Institute, issue 317, December.
    2. James Pierlot & Faisal Siddiqi, 2011. "Legal for Life: Why Canadians Need a Lifetime Retirement Saving Limit," C.D. Howe Institute Commentary, C.D. Howe Institute, issue 336, October.
    3. James Pierlot & Alexandre Laurin, 2012. "Pooled Registered Pension Plans: Pension Saviour - or a New Tax on the Poor?," C.D. Howe Institute Commentary, C.D. Howe Institute, issue 359, August.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. William B.P. Robson, 2017. "Rethinking Limits on Tax-Deferred Retirement Savings in Canada," C.D. Howe Institute Commentary, C.D. Howe Institute, issue 495, November.

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    More about this item

    Keywords

    Governance and Public INstitutions; Pension; Retirement;
    All these keywords.

    JEL classification:

    • D14 - Microeconomics - - Household Behavior - - - Household Saving; Personal Finance
    • J32 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Nonwage Labor Costs and Benefits; Retirement Plans; Private Pensions

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