Posts by Jason Heath

The article “Recovering From Bad Home Buyers’ Plan Advice” was originally published on MoneySense on April 28, 2016. Scott got incorrect tax advice and now he’s trying to figure out the best way to fix things on his tax return Q: I am totally disappointed with my investment advisor’s advice in terms of tax issues. Four…

The article “Capital Gains When Selling Property To Family” was originally published on MoneySense on April 19, 2016. Johanna sold a property to her sister for a bargain price. Does that mean she pays less tax? Q: Do I have to pay income tax if I inherited a property jointly with my sister and she bought me…

The article “Should I Have Life Insurance In Retirement?” was originally published on MoneySense on April 12, 016. George isn’t sure if his $100 monthly insurance premiums are better off in a savings account Q: I am 59 and mostly retired. My wife and I both have life insurance policies which are costing us about $100 a month. As…

The article “How To Pay Less Tax On Your RRSP Withdrawals” was originally published on MoneySense on April 5, 2016. Shaune is looking for tax-efficient ways to draw down on his and his wife’s RRSPs in retirement. What should he do? Q: My wife has two RRSP accounts in her name. One is a spousal which…

The article “Low-Cost Mutual Funds or Robo-Advisor?” was originally published on MoneySense on March 29, 2016. If investing were all about the fees, online advisors would win hands down Q: Thanks to this website, I learned how to read a prospectus and discovered the RRSPs I have at a big bank (valued at a mere $20,000)…

The article “RRIF or Annuity: Which One Is Right For You?” was originally published on MoneySense on March 22, 2016. Igor is turning 71 and has a choice to make. Here are the pros and cons of each. Q: What are cons and pros of selecting an annuity versus RRIF? I will be 71 in July 2016.…

The article “Be Wary of Private Capital Markets” was originally published on MoneySense on March 18, 2016. Average investors now have options previously restricted to the rich – with all the risks When Ontario joined other provinces with a move to loosen restrictions for investing in private capital markets earlier this year, it opened the…

The article “Should You Ever Use An RRSP To Pay Tuition Fees?” was originally published on MoneySense on March 15, 2016. David is juggling debt and cash flow obligations and wonders how best to reduce their housing costs and cover his children’s education Q: I am a 55-year old with three kids who are in university. I…

The article “Pay Down The Mortgage or Invest?” was originally published on MoneySense on March 8, 2016. Liam has a house that he’s planning to convert to a rental property. Should he pay down his mortgage or invest with his extra cash flow? Q: I’m 21 and I’m currently purchasing a home in Calgary for $300,000.…

The article “CPP Pension Splitting After a Divorce” was originally published on MoneySense on March 3, 2016. Contributions you made while living with your former spouse are eligible for a split, leading to a pension boost Q: I am currently separated and I would also like to apply for the CPP benefit split. How much more…