Posts by Jason Heath
Leaving An inheritance? Here Are The Most Rewarding Options For Spreading The Wealth
The article “Leaving An inheritance? Here Are The Most Rewarding Options For Spreading The Wealth” was originally published on The Financial Post on May 13, 2016. Most Canadians are worried about ensuring that their savings will last as long as they do — but a select group are pretty sure that their money will outlast…
Read MoreJoint Tenancy vs. Tenants In Common
You can jointly own assets in two ways. Remember, each has different estate planning and tax implications The article “Joint Tenancy vs. Tenants In Common” was originally published on MoneySense on May 10 2016. Q: What is the difference between “joint tenancy” and “joint ownership”? Some years ago my husband and I chose to put all…
Read MoreHow To Boost Your Retirement Income
Patricia is trying to figure out how best to maximize her retirement income with the least amount of tax payable The article “How To Boost Your Retirement Income” was originally published on MoneySense on May 3rd, 2016. Q: My husband and I are retired and turning 63 and 60 this year. We have combined RRSPs of…
Read MoreMove Over RRSP, TFSA: Here Are 7 Strategies For Maximizing Investment Returns You Might Not Know About
The article “Move Over RRSP, TFSA: Here Are 7 Strategies For Maximizing Investment Returns You Might Not Know About” was originally published on The Financial Post on April 29, 2016. Investors tend to focus first and foremost on gross returns. Since an investor only gets to keep their net return after-tax, tax should be an…
Read MoreRecovering From Bad Home Buyers’ Plan Advice
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…
Read MoreCapital Gains When Selling Property To Family
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…
Read MoreShould I Have Life Insurance In Retirement?
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…
Read MoreHow To Pay Less Tax On Your RRSP Withdrawals
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…
Read MoreWhy Trust Funds Aren’t Just For Royalty Or The Rich And Famous
The article “Why Trust Funds Aren’t Just For Royalty Or The Rich And Famous” was originally published on The Financial Post on April 1, 2016. Most people think that trust funds are for Hollywood heiresses and British royalty. But many much more average Canadians can benefit from including trusts in their wealth management plans. Trusts…
Read MoreLow-Cost Mutual Funds or Robo-Advisor?
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)…
Read MoreRRIF or Annuity: Which One Is Right For You?
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.…
Read MoreBe Wary of Private Capital Markets
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…
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