KeatsConnelly Cross-Border Weekly Best of the Web 2013-2-22

web-search-greyEvery week we share news stories, blog articles and other interesting stuff from around the web that received the most views, shares, comments and overall interest on various KeatsConnelly social media outlets.

This week brings a fascinating survey on retirement expectations, some very important information from the IRS on identity protection (always a hot issue this time of year!), a frightening statement about Ontario and news about a tax rate hike in British Columbia.

Retirees face years of hardship after savings run out: survey (www.theglobeandmail.com) – Future retirees face a steep drop off in their financial well-being in the last eight years of retirement because of inadequate savings plans, says a new global study. A survey by HSBC of 15,000 consumers in 15 markets around the world found that, on average, respondents expect to run out of retirement savings a little over half-way into their retirement…

Identity Protection Tips (www.irs.gov) – Identity theft often starts outside of the tax administration system when someone’s personal information is stolen or lost. Identity thieves may then use a taxpayer’s identity to fraudulently file a tax return and claim a refund. In other cases, the identity thief uses the taxpayer’s personal information in order to get a job. The legitimate taxpayer may be unaware that anything has happened until they file their return later in the filing season and discover two returns have been filed using the same Social Security number…

‘Ontario is worse than California’: Province must address soaring public sector wages to slay deficit, new study says (www.nationalpost.com) – Ontario’s public sector workers tend to be far better off than private employees, a new study says, even as the province grapples to slay its growing deficit and curtail spending — a full half of which is dedicated to salaries, wages and benefits…

B.C. Kicks Off Budget Season with Tax Hikes (www.wsj.com) – Residents of Canada’s west-coast province of British Columbia are waking up Wednesday to the realization that they’ll have to fork over more of their earnings as the provincial government attempts to balance its books by next year…

Come back next Friday for more interesting news and articles. Enjoy your weekend!

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