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2 in 3 Ontarians plan to work in retirement

10/25/2011  | CityNews.ca staff

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Pedestrians walk on Bay Street in Toronto on Aug. 29, 2011. GETTY IMAGES/BLOOMBERG/Brent Lewin
More than two-thirds of Ontarians plan to continue working into retirement, according to a recent CIBC poll.

The poll conducted by Harris/Decima reveals that 70 per cent of people in Ontario think they’ll continue some form of work in retirement, including starting their own businesses or working part time.

On a nation basis, the number declined slightly to 69 per cent with various age groups expressing how they’ll spend their retirement differently. For example, 80 per cent of those aged 18-24 believe they will work in retirement while 73 per cent of baby boomers think they’ll still go out and earn a paycheque.

"Our CIBC poll shows that Canadians don't view retirement as the end of their working lives," CIBC vice-president Christina Kramer said in a news release.

Earlier this year, a separate CIBC survey showed that retirement planning ranked among the top three financial priorities for Canadians in 2011, including boomers who counted it their top priority.
 
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