The Alberta Investment Management Corporation (AIMCo) is one of the most important Crown corporations operating in the province. It was, until recent controversies, perhaps the least known and understood of Alberta’s provincial agencies.
The CPP came into effect on January 1, 1966 and applied to all provinces and territories except Quebec, where the separate but similar QPP was established in the same year.
Financial mismanagement by financial institutions and brokers is affecting individuals, municipalities, universities, retirement plans and pension funds in Canada. Seniors have been hardest hit since low interest rates have reduced their retirement investment income, forcing them into potentially risky investments.
For many people, just having money to set aside for savings or investments is a stretch. Then there’s the issue of what to do if extra funds are available.