KeatsConnelly Cross-Border Weekly Best of the Web 2015-9-18

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 we focus heavily on retirement issues and more specifically retirement benefits paid by governmental entities, with both highlighted articles focusing on these topics.

When it comes to retirement concerns, Canada and the U.S. are on equal footing (http://www.financialpost.com/) – Most Canadians have the impression that Americans pay a lot less than we do in income tax, but that we have better pensions from government sources. If you subscribe to this tax envy and pension smugness, the reality will come as a surprise. Consider government pension programs first. A single person who is age 65 with final average earnings of $100,000 would receive a Social Security pension of $2,404 a month in the U.S. while a Canadian with the same earnings would receive only $1,629 from CPP and OAS combined…

Your retirement income: What will the government provide? (http://www.theglobeandmail.com/) – Everyone needs income in retirement. Japanese Yakuza gangsters are no exception. A few years ago, the Japanese government created rules to allow former gangsters to collect government retirement benefits. These are former gambling, loan shark and protection workers who might have left the Yakuza due to age, disabilities or excommunication…

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

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Posted in Cross-Border Blog
Cross-Border Series
The Border Guide
Now available in its 11th edition, The Border Guide has sold over 80,000 copies and is considered the definitive cross-border financial tool for Canadians living, working and investing in the United States.
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This book will show you how to realize your dream of living a lifestyle in a climate that allows for year-round golfing and sandy beaches while lowering your taxes and cost of living.
Taxation of Canadians in America
This book addresses individual US taxation and estate planning issues you will face as a Canadian living in the US.
Taxation of Americans in Canada
US citizens and green card holders are subject to US tax regardless of where they reside in the world. Are YOU at risk?

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