Posts by Jason Heath
Managing Investment Income in Your RRSP
The article “Managing Investment Income in Your RRSP” was originally published on MoneySense on November 3, 2015. You won’t have to pay capital gains taxes within your RRSP— at least not yet Q: My wife and I have moved all of our RRSP mutual funds to self-directed accounts, maintaining the protection of the RRSP and investing all…
Read MoreThe Right Time to Sell a Rental Property
The article “The Right Time to Sell a Rental Property” was originally published on MoneySense on October 27, 2015. Consider the tax liability currently versus in the first year of retirement Q: We have a rental property that provides a decent return, but we are tired of the responsibility and wish to sell it. I am still working…
Read MoreHow The New Border Tracking System Could Affect Your Government Benefits
The article “How The New Border Tracking System Could Affect Your Government Benefits” was originally published on The Financial Post on October 27, 2015. For snowbirds just starting to plan their packing for this winter’s trip south, a recent report about more robust exit-tracking may have given some seniors pause — especially at the suggestion that their travels…
Read MoreWhere to Get Good Investment Advice Even if You Don’t Have a Lot of Capital
The article “Where to Get Good Investment Advice Even if You Don’t Have a Lot of Capital” was originally published on The Financial Post on October 23, 2015. All Canadians are looking for good investment advice and now, more than ever before, there is a wide divide between the bad and the good. The gap is most…
Read MoreTransferring RRSP Stocks to a Dividend Reinvestment Plan
The article “Transferring RRSP Stocks to a Dividend Reinvestment Plan” was originally published on MoneySense on October 20, 2015. Watch out—a DRIP could affect your asset allocation Q: I have a locked-in RRSP that has some stocks. The companies for those stocks offer dividend reinvestment plans. However, because my RRSP is with a bank, I am not able…
Read MorePower of Attorney and Taxes: What You Need to Know
The article “Power of Attorney and Taxes: What You Need to Know” was originally published on MoneySense on October 13, 3015. Ownership and other technicalities are factors Q: If we have a client in Nova Scotia that has power of attorney for their mother who is in a nursing home and both children with POA own…
Read MoreIs It Time to Sell Your Rental Property? Or Time to Buy Another?
The article “Is It Time to Sell Your Rental Property? Or Time to Buy Another?” was originally published on The Financial Post on October 6, 2015. According to Statistics Canada, 69 per cent of Canadians own homes, so most of us have reason to worry about the fate of the housing market. Landlords, in particular, make a…
Read MoreRetiring In A Down Market
The article “Retiring In A Down Market” was originally published on MoneySense on October 6, 2015. Should David live off cash savings instead of selling his investments at a loss? Q: We have investments that are set up with a fund advisor and we have a cash account that is currently not invested at all. Our…
Read MoreSegregated Funds: Are the Investment Guarantees Worth It?
The article “Segregated Funds: Are the Investment Guarantees Worth It?” was originally published on MoneySense on September 29, 2015. When someone offers you a guarantee, it’s usually in their best interest, not yours Q: We have recently retired and our financial advisor is very positive on us putting some part of our savings into a segregated…
Read MoreCan I Sell My Cottage Tax-Free?
The article “Can I Sell My Cottage Tax-Free?” was originally published on MoneySense on September 22, 2015. How to allocate your principal residence exemption and what it’ll cost you Q: How will the $200,000 tax-free capital gains affect our non-principal residence? Is each tenant entitled to $200,000? My wife and I are original owners / joint tenants…
Read MoreCan I Avoid Probate?
The article “Can I Avoid Probate?” was originally published on MoneySense on September 15, 2015. Spike is settling an estate and trying to determine which assets are subject to probate Q: Do I have to probate cash if that is all there is in an estate? The estimate is $90,000 in a bank. Do I have…
Read MoreCautiously Investing for Retirement
The article “Cautiously Investing for Retirement” was originally published on MoneySense on September 8, 2015. How to generate retirement income without a company pension plan Q: I have funds sitting in a high interest bank account. I am totally risk adverse because of a partner’s unfortunate business investments and resulting bankruptcy. I have favoured real estate always. What should…
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