Posts by Jason Heath
What Does A Fee-Only Financial Planner Do, Exactly?
The article “What Does A Fee-Only Financial Planner Do, Exactly?” was originally published on MoneySense on September 15, 2020. And if they don’t sell any financial products, how do fee-only planners get paid? Q. How do you make money, Jason, if you don’t sell any products? –Rob A. Your question is a good one that I get…
Read MoreWhat A Stock Split Means For Your Portfolio And Tax Situation
The article “What A Stock Split Means For Your Portfolio And Tax Situation” was originally published on MoneySense on September 8, 2020. After recent stock splits for big names like Apple and Tesla, investors may be wondering: What are the tax and investment implications of a stock split? When a stock splits, investors end up…
Read MoreCould Selling A Vacation Property Affect Government Pensions?
The article “Could Selling A Vacation Property Affect Government Pensions?” was originally published on MoneySense on September 1, 2020. Colleen wants to sell her trailer but is worried about the impact on her CPP, OAS and GIS benefits. Q. I was wondering what would happen if I sold my mobile home this year for $100,000. Currently,…
Read MoreRetirement Planning Can Be So Complex People Avoid It Altogether. Here’s How To Avoid That Trap.
The article “Retirement Planning Can Be So Complex People Avoid It Altogether. Here’s How To Avoid That Trap.” was originally published on Financial Post on August 24, 2020. There are ways it can be simplified Saving for retirement can be a daunting task. For some people, it is difficult enough to cover their living expenses,…
Read MoreShould You Buy A Vacation Property?
The article “Should You Buy A Vacation Property?” was originally published on MoneySense on August 24, 2020. 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 vacation property are obvious. A cottage, cabin,…
Read MoreIs A Personal Injury Settlement Taxable, And Can It Impact OAS or GIS Benefits?
The article “Is A Personal Injury Settlement Taxable, And Can It Impact OAS or GIS Benefits?” was originally published on MoneySense on August 17, 2020. After receiving a personal injury settlement, J is looking for advice on how it might be taxed, and whether it will affect eligibility for government benefits. Q. I received a…
Read MoreSeverance, Pensions and Unemployment at 65: Should You Apply For A Pension If You Get Laid Off?
The article “Severance, Pensions and Unemployment at 65: Should You Apply For A Pension If You Get Laid Off?” was originally published on MoneySense on August 11, 2020. If you got laid off and are trying to maximize your termination package, pension income and EI benefits, consider these things before you apply for a pension.…
Read MoreThe Best Ways To Help Kids Financially
The article “The Best Ways To Help Kids Financially” was originally published on MoneySense on August 6, 2020. You don’t have to be rich to give children a good start in life. Here are six strategies to use with kids of any age. As a father of three and a financial professional, the coming school…
Read MoreWhich Savings Plans Should A 37-Year-Old With A Military Disability Income Contribute To, And When?
The article “Which Savings Plans Should A 37-Year-Old With A Military Disability Income Contribute To, And When?” was originally published on MoneySense on July 28, 2020. Jason and his wife have registered disability savings plans, and want to know how to prioritize their contributions among various investment accounts. Q. I am 37 with a military disability…
Read MoreThe Cost Of Socially Responsible Investing
The article “The Cost Of Socially Responsible Investing” was originally published on MoneySense on July 22, 2020. Are there enough options available for Canadians who want to invest according to their values – and do you have to compromise on performance or fees to be a socially responsible investor? Socially responsible investing (SRI) has…
Read MoreFive Key Personal Finance Lessons We Should Be Learning From This Crisis
The article “Five Key Personal Finance Lessons We Should Be Learning From This Crisis” was originally published on Financial Post on July 21, 2020. The pandemic has put the financial plans of Canadians to the test and also reminded us why we make such plans to begin with The first half of 2020 has…
Read MoreUnderstanding The 1994 Capital Gains Tax Election
The article “Understanding The 1994 Capital Gains Tax Election” was originally published on MoneySense on July 15, 2020. John was not aware of the $100,000 capital gains exemption that applied until 1994 and wants to know if he can use it to reduce the tax payable on his cottage. Q. I built my cottage in…
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