|  You’re never too young to plan your retirement On average, Canadians start planning their retirement at age 30, with plans to retire at 61, a new survey by CIBC released on Wednesday shows. While millennials on average start saving at age 29, for Gen Z, it starts as early as age 24. Many are starting early because of a "growing awareness" about the importance of long-term planning, said Jamie Golombek, managing director of tax and estate planning at CIBC. "Factors such as rising cost of living, inflation and student debt have prompted many to start thinking about retirement savings earlier than previous generations," Golombek said. Read more about what’s behind the trend of starting retirement earlier.  How electric vehicles can be cheaper than gas Comparing sticker prices for an equal size electric vehicle and gas-powered vehicle may show the electric options comes at a slight premium, but experts say that over time, they actually wind up costing less. That’s because of electricity prices in Canada compared with gasoline — even when gas prices are down and electricity rates are up. These vehicle options may be even more affordable for consumers now that the federal government has launched new incentives of up to $5,000. When purchasing a vehicle, no matter how it’s powered, it’s important to consider the long-term costs and not just the sticker price. "It is what we call 'total cost of ownership',” said Daniel Breton, CEO of Electric Mobility Canada. In some cases, consumers could wind up saving as much as 80 per cent on energy costs over time with an electric vehicle versus gas. Read more about how an electric vehicle may be the most economical option.  Canadian Tire reaping the ‘Triangle Rewards’ As many retailers big and small struggle with an uncertain economy and shifting consumer habits, Canadian Tire reported a blowout quarter with higher sales and revenue. That was thanks, in part, to its loyalty program known as Triangle Rewards, which the company says helped cost-conscious consumers take advantage of sales and promotions — especially during the holidays. Canadian Tire is also behind retail names like Sport Chek, Mark’s, Atmosphere and Party City, and it said the loyalty program spanning all of its banner stores was the “linchpin” for sales growth. Canadian Tire says it has 12 million members registered for its Triangle Rewards program, and nearly 10 million of those are considered “active.” It adds this represents a six per cent increase compared to a year earlier. Read more about what Canadian Tires is noticing about its customers. | 
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