Posts by Jason Heath
These Tax Changes Could Open Up More Options For Real Estate Investors, Homeowners And Renters Of All Ages
The article “These Tax Changes Could Open Up More Options For Real Estate Investors, Homeowners And Renters Of All Ages” was originally published in Financial Post on March 2, 2021. Tax incentives may be more effective than disincentives to benefit the housing market There was no federal budget in 2020 due to the pandemic, so…
Read MoreTax Implications Of Building A Laneway Suite
The article “Tax Implications Of Building A Laneway Suite” was originally published on MoneySense on March 1, 2021. Any time a homeowner becomes a landlord, there may be GST/HST and income tax owing—and the amounts can be quite large. Q. I read your “capital gains on subdivided land” article—very nice piece. I have a follow up topic for…
Read MoreYou May Be Able To Claim These Commonly Overlooked Medical Expenses On Your Tax Return
The article “You May Be Able To Claim These Commonly Overlooked Medical Expenses On Your Tax Return” was originally published on MoneySense on February 23, 2021. Several medical expenses are eligible for a tax credit. Here are a few Canadians should consider at tax time. Whether you do your own taxes or enlist professional help,…
Read MoreHow Do Mortgage Brokers Get Paid?
The article “How Do Mortgage Brokers Get Paid?” was originally published on MoneySense on February 27, 2021. Adil is about to close on a home purchase and is surprised that his mortgage broker is asking for a cash payment for the broker fee before the funds are advanced. Q. Is it typical to pay a mortgage…
Read MoreFinancial Planning In Your 70s
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…
Read MoreWhen Are Tax-Deferred And Tax-Free Accounts Actually Taxable?
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…
Read MoreLife Expectancy Is One Of The Great Unknowns In Retirement Planning, But These Strategies Cover You No Matter What
The article “Life Expectancy Is One Of The Great Unknowns In Retirement Planning, But These Strategies Cover You No Matter What” was originally published on Financial Post on January 27, 2021. Here are some strategies for both a long and short retirement Life expectancy is an important, albeit challenging factor in financial planning. Certified Financial…
Read MoreWhat To Consider If You Still Have RRSP Contribution Room
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…
Read MoreCapital Gains On Subdivided Land
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…
Read MoreFinancial Priorities For The New Year
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…
Read MoreHere’s What You Need To Know If You Plan To Keep Working Into Retirement
The article “Here’s What You Need To Know If You Plan To Keep Working Into Retirement” was originally published on Financial Post on December 21, 2020. There are different ways to keep working, and financial and lifestyle implications to consider The concept of retirement is a relatively new one that is credited to German Chancellor…
Read MoreCan Life Insurance Be Used As A Fixed Income Investment?
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…
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