Posts by Jason Heath
These Money-Saving Strategies Can Help Investors Make The Most Of A Very Bad Year
The article “These money-saving strategies can help investors make the most of a very bad year” was originally published in Financial Post on October 3, 2022. Photo by by whyframestudio from Getty Images. Jason Heath: You can earn a guaranteed return on your investments whether markets rise or fall Investor sentiment is very different this…
Read MoreWhen Should You Withdraw Money From Your Corporation To Invest?
The article “When should you withdraw money from your corporation to invest?” was originally published in MoneySense on October 3, 2022. Photo by Felicity Tai from Pexels. Is taking money out of a corporation to invest in RRSPs, TFSAs and real estate a good decision? What happens when you retire or die? “I am a…
Read MoreGifting A Parent’s Assets Using A Power Of Attorney
The article “Gifting a parent’s assets using a power of attorney” was originally published in MoneySense on September 26, 2022. Photo by Andrea Piacquadio from Pexels. As power of attorney, does it make sense to divide up a parent’s assets before their death? “I am hoping that someone can give me advice on my mother’s…
Read MoreIs A Vacation Home A Good Investment?
The article “Is a vacation home a good investment?” was originally published in MoneySense on September 20, 2022. Photo by Maria Orlova on Pexels. A cottage or other vacation property can provide a great way to unwind and spend time with family. But what are some of the financial implications? The benefits of owning a…
Read MoreCan A Non-Resident Open An Investment Account In Canada?
The article “Can a non-resident open an investment account in Canada?” was originally published in MoneySense on September 19, 2022. Photo by Vasily Kleymenov on Pexels. What are the options for investing as a non-resident of Canada? Which is better: an RRSP or a tax-sheltered account in another country? “I moved to Sweden to study…
Read MoreCan You Gift A Farm To Your Kids To Avoid Taxes?
The article “Can you gift a farm to your kids to avoid taxes?” was originally published in MoneySense on September 12, 2022. Photo by Jake Heinemann on Pexels. The idea to gift property to a family member for a dollar to avoid tax is a common one. But can this be done in reality? “What…
Read MoreShould You Buy Real Estate Through A Corporation?
The article “Should you buy real estate through a corporation?” was originally published in MoneySense on September 12, 2022. Photo by Pixabay on Pexels. It can make sense to purchase rental or vacation properties through a corporation, but often it’s simpler—and less risky from a tax perspective—to own the real estate personally. One of the…
Read MoreHow Canadians Can Split Their Income And Lower Their Tax Bills
The article “How Canadians can split their income and lower their tax bills” was originally published in Financial Post on September 8, 2022. Photo by by patpitchaya from Getty Images. Jason Heath: There are ways to pay less tax during your working years and in retirement Canadians file individual tax returns and pay tax at…
Read MoreWill You Make Money On Your Rental Property?
The article “Will you make money on your rental property?” was originally published in MoneySense on September 7, 2022. Photo by Timur Saglambilek on Pexels. Rental real estate has been a great investment for many Canadians. But how do you assess whether yours is likely to work out? After a strong rise in real estate…
Read MoreWhat Time Of Year Should You Retire?
The article “What time of year should you retire?” was originally published in MoneySense on September 6, 2022. Photo by Kampus Production from Pexels. When’s the best time to retire? The timing is not always up to you, but if you can choose, there may be an ideal date. “Is there a better time of…
Read MoreHow To Invest With Spousal Loans For Canadians—And How To Pay It Back
The article “How to invest with spousal loans for Canadians—and how to pay it back” was originally published in MoneySense on August 30, 2022. Photo by Antoni Shkraba on Pexels. There is plenty of advice on setting up a spousal loan for income splitting, but it’s important to know what to do when it is…
Read MoreDo You Have To Split Your Estate Evenly Between Your Children?
The article “Do you have to split your estate evenly between your children?” was originally published in MoneySense on August 23, 2022. Photo by Askar Abayev from Pexels. Courts in some provinces can vary the distribution of an estate and override a last will and testament. Here’s how it could affect you. A will is…
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