Canadians still living paycheque to paycheque and not saving enough for retirement: CPA

Employee payroll survey looks at retirement savings for the first time this year
By Melissa Mancini
|Canadian Payroll Reporter|Last Updated: 11/03/2011

This year, the Canadian Payroll Association (CPA) decided to ask a few new questions when it set about polling Canadians about their pay in its third annual payroll survey.

“For the CPA it’s just a way to talk about and find out what Canadians are doing with their paycheques and this year we asked a little more on savings, in particular savings for retirement,”  said Wendy McLean-Cobban, the CPA’s director of communications and education programs.

What the association found was many people aren’t meeting their retirement savings goals.