Posts by Jason Heath

The article “Financial Planning In Your 70s” was originally published on MoneySense on February 9, 2021. Be mindful of these money concerns, even after retirement. When most people think about financial planning, they think about saving and investing for retirement. That is a part of it, but financial planning is much more holistic. Here are…

The article “When Are Tax-Deferred And Tax-Free Accounts Actually Taxable?” was originally published on MoneySense on February 2, 2021. A new investor, Tawheeda is looking for clarification on the tax payable on U.S. and Canadian stocks in her RRSP and TFSA. Q. I saw your blog online; thank you so much for the wonderful job that…

The article “What To Consider If You Still Have RRSP Contribution Room” was originally published on MoneySense on January 25, 2021. With just weeks left before the contribution deadline, a Certified Financial Planner rounds up key facts and common RRSP myths. Registered retirement savings plans (RRSPs) have been around since 1957, and each February is…

The article “Capital Gains On Subdivided Land” was originally published on MoneySense on January 18, 2021. Devon was lucky enough to buy a lot that he was able to subdivide, sell some of the land and build a house on the rest. Does he owe tax? Q. Our primary residence of three years is built on…

The article “Financial Priorities For The New Year” was originally published on MoneySense on January 11, 2021. January is a good time to review your investments, tax and debt management planning. Here’s how to get started. The new year is often a time for resolutions and a fresh start, and it makes sense for your…

The article “Can Life Insurance Be Used As A Fixed Income Investment?” was originally published on MoneySense on December 21, 2020. Emerging from a serious health scare, Dana wonders if she can use her life insurance to replace the bonds in her investment portfolio. Q. I am 55 years old, recently finished a four-year battle with…

The article “Halal Investing in Canada” was originally published on MoneySense on December 18, 2020. Investing can be challenging for Muslims, as solutions that are both Shariah-compliant and effective at helping achieve long-term financial goals are limited. Canadian Muslims have unique constraints when looking for investment options that fit their religious beliefs, and many mainstream…

The article “Ways To “Unlock” Retirement Savings In A LIRA” was originally published on MoneySense on December 7, 2020. Keith wants to know what to do with his DPSP now that it has been transferred to a locked-in retirement account. Q. When I retired at age 63, the financial institution that managed my DPSP account paid…

The article “Unique Ideas For Your Last Will and Testament” was originally published on MoneySense on November 30, 2020. A straightforward will can work well for many people but, for some, there are clauses to consider that might better convey your wishes. When you write a will, it is your opportunity to ensure your final…

The article “Managing Tax In A “Tenancy In Common” Situation” was originally published on MoneySense on November 24th, 2020. Claudia wants to minimize the tax payable when selling her share of a cottage to the co-owner. Q. I am a co-owner of a cottage in Ontario. The other co-owner would like to buy out my 50%…