Reasons for judgement were recently released in the case Tarr v. Tarr. The parties, married for almost 40 years, separated in 2002 and concluded a separation agreement and divorce in 2007. The former husband remarried in 2008, and died in 2010. The Plaintiff (widow) sued the Estate, claiming under the separation agreement that the ex-wife had relinquished […]
The answer is, the Canada Pension Plan. The CPP now holds 7,960,000 shares of the TD Bank. Last week, the TD Bank increased its dividend to $3.24 per common share, so the (gross) annual dividend income for our CPP from this holding is $25,790,400. That pays a lot of pensions! In the past week, every […]
An article in the Montreal Gazette earlier this week confirmed what many people in Canada know and fear. Many defined benefit pension plans are underfunded. And the number of problem pension plans appears to be on the rise. What does this mean? Simply put, people across the country who receive private company pensions (not CPP […]