Posts by Jason Heath
Will Selling My House Help Me Retire Sooner – And More Securely?
The article “Will Selling My House Help Me Retire Sooner – And More Securely?” was originally published on MoneySense on September 18, 2019. Karen divorced at 55 and worries about carrying mortgage debt when she retires. At the same time, she thinks rent may cost more than she pays now. A comparison of the two…
Read MoreShould You Take Out A Loan To Pay For Your Wedding?
The article “Should You Take Out A Loan To Pay For Your Wedding?” was originally published on MoneySense on September 4, 2019. Saving up for the big day could be easier than you think. Q. My girlfriend and I have been living together in an apartment in downtown Montreal for two years now. We’d like to…
Read MoreHow To Save For Retirement At A Time When Most Aren’t Saving Much At All
The article “How To Save For Retirement At A Time When Most Aren’t Saving Much At All” was originally posted on Financial Post on August 29, 2019. Of course, regular saving is a good way to plan for retirement, but how much to set aside and how to set your targets are up for debate.…
Read MoreCan You Make A Transfer From An RESP To A Spouse’s RRSP?
The article “Can You Make A Transfer From An RESP To A Spouse’s RRSP?” was originally ublished on MoneySense on August 27, 2019. Ralph has unused savings in a registered education savings plan, and wonders if he can move the taxable portion to his wife’s retirement plan. Q. I have an RESP account that I plan…
Read MoreWhat Are The Tax Implications Of Donating Land?
The article “What Are The Tax Implications Of Donating Land?” was originally published on MoneySense on August 20, 2019. Donating, rather than selling, could be a way to put money back in your pocket in the form of a tax refund, while benefitting a charity and the environment. Q. I have some land in Nova Scotia…
Read MoreWhat Is Wealth Insurance?
The article “What Is Wealth Insurance?” was originally published on MoneySense on August 15, 2019. Charles wants to know if he should consider buying wealth insurance in order to maximize the after-tax value of his estate. The short answer is: It depends. Q. I’ve seen ads by the Canadian banks for a product called “wealth insurance.”…
Read MoreGifting Real Estate To Your Adult Children
The article “Gifting Real Estate To Your Adult Children” was originally published on MoneySense on August 9 2019. Consider the impact of potential capital gains tax, what might happen to the property if your child gets divorced or dies, and whether there’s a chance you’ll need that asset in the future. Q. My daughter and I…
Read MoreShould I Loan Investments Or Money To My Spouse?
The article “Should I Loan Investments Or Money To My Spouse?” was originally published on MoneySense on July 30, 2019. The idea is to split income, following Canada Revenue Agency guidelines, so the family pays less tax overall. Q. I’m 38 years old and have been married for 10 years. I would like to set up…
Read MoreShould You Opt In To A Group RRSP?
The article “Should You Opt In To A Group RRSP?” was originally published on MoneySense on July 24, 2019. If your employer offers a matching contribution, you get an automatic return on investment that would be tough to beat anywhere else. Q. I’m 35 years old and have just started a new job with a…
Read MoreShould Partners Combine Their Finances Before Marriage?
The article “Should Partners Combine Their Finances Before Marriage?” was originally published on MoneySense on July 19, 2019. Mathew wants to help his girlfriend kickstart an investing plan. Is gifting money for her TFSA a good idea? Q. Should I gift my girlfriend of two years money to put in her Tax-Free Savings Account (TFSA)? She’s…
Read MoreWhat You Need To Know If You’re Making The Leap From Land Owner To Landlord
The article “What You Need To Know If You’re Making The Leap From Land Owner To Landlord” was originally published on Financial Post on July 16, 2019. Here are some tips on financing, taxation and what you can expect from future price growth Home ownership rates in Canada have stayed relatively constant over the past…
Read MoreShould You Use Your RRSP To Fund A Later-in-Life University Degree?
The article “Should You Use Your RRSP To Fund A Later-in-Life University Degree?” was originally published on MoneySense on July 11, 2019. At 58, Agatha plans to pursue a master’s degree. Should she use tap into her retirement savings to fund her education? Q. I’m 58 years old and I retired earlier this year. I’m considering…
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