Posts by Jason Heath
Planning For Retirement With Little Or No Savings To Draw On
The article “Planning For Retirement With Little Or No Savings To Draw On” was originally published on MoneySense on July 9, 2020. Financial planning advice is often catered to wealthier Canadians. What can retirement look like for those without healthy RRSPs or other savings? Despite their best intentions some Canadians, facing a variety of…
Read MoreTriggering Losses By Transferring Investments To A TFSA
The article “Triggering Losses By Transferring Investments To A TFSA” was originally published on MoneySense on July 2, 2020. Stavros is worried that contributing an investment in kind to his TFSA will trigger the “superficial loss rule.” Q. I just transferred 200 shares of an ETF from my margin account to my TFSA at a…
Read MoreWhat To Consider When Naming Investment Account Beneficiaries
The article “What To Consider When Naming Investment Account Beneficiaries” was originally published on MoneySense on July 24, 2020. Whom you name as your account beneficiary—and whether you name one—can have tax and estate implications. Here’s what you need to know. When opening certain investment accounts, investors may have the option to designate a…
Read MoreRESP Advice For Canadian Citizens Living In The U.S.
The article “RESP Advice For Canadian Citizens Living In The U.S.” was originally published on MoneySense on June 16, 2020. Sohail has become a non-resident of Canada, but still has a RESP account he is contributing to each month. He wants to know how to maximize his Canadian government grants and use the RESP to…
Read MoreHere’s What You Need To Consider Before Taking An Early Retirement Package
The article “Here’s What You Need To Consider Before Taking An Early Retirement Package” was original published on Financial Post on June 11, 2020. Four key things to think about before and after signing on the dotted line The pandemic lockdown and resulting recession have led to a surge in voluntary severance offers for…
Read MoreBorrowing Money To Invest
The article “Borrowing Money To Invest” was originally published on MoneySense on June 10, 2020. Should you open a margin account with your broker, or opt for an RRSP loan? And what are the potential tax benefits and risks? There are different ways to borrow to invest. Opening a margin account A simple option…
Read MoreDoes A Spouse’s Real Estate Ownership Cancel Out First-Time Homebuyer Qualifications?
The article “Does A Spouse’s Real Estate Ownership Cancel Out First-Time Homebuyer Qualifications” was originally published on MoneySense on June 4, 2020. Meredith’s husband purchased a condo before they got married. She’s never lived in it, and wonders if she can still qualify to use the Home Buyers’ Plan or potential tax credits to buy…
Read MoreWhat’s Involved In Moving Investments From A High-fee Advisor To A DIY Setup?
The article “What’s Involved In Moving Investments From A High-fee Advisor To A DIY Setup?” was originally published on MoneySense on May 27, 2020. Brett is concerned about the fees on his mutual funds and wonders if a fee-for-service advisor can help him and his wife transition to managing their own investments. Q. I have…
Read MoreShould You Update Your Financial Plan Given Recent Volatility?
The article “Should You Update Your Financial Plan Given Recent Volatility?” was originally published on MoneySense on May 22, 2020. Investors need to expect volatility and plan for it—not only in relation to the COVID-19 pandemic, but always. It’s also important to revisit your financial plan to reflect changes in your income, expenses, tax rates…
Read MoreThe Pros And Cons of a Dividend Reinvestment Plan
The article “The Pros And Cons of a Dividend Reinvestment Plan” was originally published on MoneySense on May 20, 2020. You may decide that it’s better to receive dividend distributions in cash, especially if you plan to use them for TFSA contributions, or to help fund living expenses. Q. What are the pros and cons…
Read MoreHere’s What Kind Of Return You Can Expect From Stock Markets Going Forward
The article “Here’s What Kind Of Return You Can Expect From Stock Markets Going Forward” was originally published on Financial Post on May, 19, 2020. These factors will help investors and advisors set appropriate expectations about returns Recent stock market volatility has put a spotlight on daily market movements for people who would…
Read MoreHow To Protect Personal Assets If Your Business Fails
The article “How To Protect Personal Assets If Your Business Fails” was originally published on MoneySense on May 6, 2020. With COVID-19 protective measures crushing her already struggling business, Annette fears losing her home if she’s unable to repay business loans that are tied to her personal finances. Q. We are closing our business…
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