News of the day: Alberta referendum question, anti-fraud coalition, 60% tax bracket, early retirement planning, employment anxiety and more

Skip to Content News Archives Economy Defence Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Defence Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Defence Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials This advertisement has not loaded yet, but your article continues below.HomeUncategorizedNews of the day: Alberta referendum question, anti-fraud coalition, 60% tax bracket, early retirement planning, employment anxiety and moreCatch up on the stories we’re following todayVoting 'yes' to question nine in the Alberta referendum could have unintentional negative consequences, warns a University of Alberta professor. Photo by Gavin Young/PostmediaIt’s Wednesday, Oct. 14. Here are the top stories we’re following today.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountA referendum question in Alberta — pitched to protect the provinces from federal over-reach — could end up stopping a proposed West Coast oil pipeline from being built, a law professor warns.This advertisement has not loaded yet, but your article continues below. Bank buildings in Toronto’s Financial District. Photo by Wikimedia CommonsGet the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againCanada’s largest financial institutions and telecom companies on Wednesday launched a platform that will allow them to work together to identify and prevent repeat fraud at a time when criminals are adopting new techniques that include the use of artificial intelligence and machine learning to scam people. If you’re in the dreaded Old Age Security clawback zone of income, you might be paying a 60 per cent tax rate on some of your income. Photo by Getty Images/iStockphotoThose in the top tax bracket in Ontario pay 53.5 per cent of every employment or taxable interest investment dollar to income taxes, but there are some Canadians who are paying an even higher rate yet have a lower taxable income. Joseph and Natalie’s first step should be to review their current spending and identify what may change in retirement so they can estimate their after-tax income needs. Photo by Nuthawut Somsuk/Getty ImagesJoseph* and Natalie,* both 56, are soon-to-be empty nesters and retirement is in sight. They would like advice on the investment opportunities available to them, when they should start Canada Pension Plan and Old Age Security benefits, and how much money they need to generate in retirement. Financial vulnerability appears to be the root cause for people’s fears, with 32 per cent nationally and 40 per cent in Alberta saying it would prove to be a struggle to find a new job. Photo by Artur Widak/NurPhoto via Getty ImagesAbout half of Canadians are having anxiety about their ability to change jobs or find comparable employment, but such worries are even higher in Alberta despite a strong job market, says MNP Ltd.This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.