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Only One Quarter (27%) of Working Canadians Expect to Be Fully Retired by Age 66
Near Equal Proportion of Canadians Expect to Be Working Full-Time (26%) as Fully Retired (27%) by Traditional Retirement Age
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Average Canadian Starts Saving for Retirement at Age 32
One Quarter (26%) Haven't Started Saving for Retirement; Those Who Have RRSPs and Contribute Do So Regularly
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Most Retired (54%) and Not Yet Retired (78%) Canadians Haven't Determined the Savings Amount Needed to Allow them a Comfortable Retirement
Among Those Who've Determined This Figure, Expected Amount Retired Canadians Need in 2012 Up $8,000 From 2011, While Those Not Yet Retired Anticipate Needing Significantly Less (Down $214,000 from 2011 to 2012)
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Many Canadians Believe Saving For Children's Education (48%) and Caring for Aging Parents (36%) Will Hinder Ability to Save For Retirement
More Canadians Expect Pension Income From Employer in Retirement (24%) Than Actually Have a Defined Benefit (18%) or Contribution (19%) Pension Plan
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Eight in Ten (80%) Canadians Say 2012 Was a Good Year for Their Family, Up 5 Points From 2011
Nine in Ten (89%) Expect 2013 to be a Good Year for Their Family
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While Saving Money (70%) Is Tops For Canadians Not Yet Retired, Two-Thirds (66%) Are Focused on Paying Off Debt to Get Ready For Retirement
More Canadians Worried About Balancing Saving For Immediate Priorities Versus Putting Money Away For Longer Term in 2012 (81%) Than 2011 (77%) and 2010 (76%)
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More Torontonians (68%, Up 3 Pts.) Support Plans to Eliminate the Toronto Land Transfer Tax In Comparison to This Time Last Year (65%)
Despite Turmoil in the Mayor's Office, Seven in Ten (71%) Support City Council Moving Ahead with Eliminating the LTT, Regardless of Who Is Mayor