Posts by Jason Heath
Determining Your Financial Independence Number and Sustainable Withdrawal Strategy
We’re excited to share Build Wealth Canada’s podcast episode featuring our own financial planning expert, Jason Heath. In this episode, Jason breaks down the complexities of determining your financial independence number and lays out effective, sustainable withdrawal strategies for your investment portfolio. From DIY tips to insights gained from his 20 years in the industry,…
Read MoreShould This DIY Investor Go All In On This International ETF?
The article “Should this DIY investor go all in on this international ETF?” was originally published in MoneySense on May 29, 2023. Photo by Ketut Subiyanto from Pexels. You can exclusively hold international ETFs in any Canadian account, without paying a penalty. But there are taxes and diversification to consider, too. “I am seriously considering…
Read MoreThese Are The Biggest Myths In Personal Finance — And They’ll Cost You If Followed Blindly
The article “These are the biggest myths in personal finance — and they’ll cost you if followed blindly” was originally published in Financial Post on May 26, 2023. Photo by by Kubra Cavus from Getty Images. Jason Heath: Beware of financial advice that is biased or even outright wrong There is no shortage of financial…
Read MoreDo Non-Residents Pay Tax On CPP? What If You Live In The U.S.?
The article “Do non-residents pay tax on CPP? What if you live in the U.S.?” was originally published in MoneySense on May 23, 2023. Photo by Mike Jones from Pexels. Withholding tax is generally the only Canadian tax a non-resident pays for their CPP pension, and the tax burden is even smaller for non-residents living…
Read MoreShould You Transfer Your DC Pension Plan To A Discount Brokerage?
The article “Should you transfer your DC pension plan to a discount brokerage?” was originally published in MoneySense on May 8, 2023. Photo by Ono Kosuki from Pexels. Can you transfer funds out of your registered pension plan (RPP) and invest them yourself to reduce investment fees? Find out. ” I have been with the…
Read MoreMarket-Linked GICs: The Pros And Cons For Investors
The article “Market-linked GICs: The pros and cons for investors” was originally published in MoneySense on May 1, 2023. Photo by Andrés Góngora from Pexels. These GICs track the markets, offering low risk and some upside potential to investors. Here’s how to know if market-tracked GICs are for you. “My bank is suggesting market-tracking GICs…
Read MoreAre Mutual Fund Fees Tax Deductible?
The article “Are mutual fund fees tax deductible?” was originally published in MoneySense on April 24, 2023. Photo by by Artur from Getty Images. Don’t go claiming a deduction for mutual fund fees on your tax return. Why? Because they’ve already been indirectly deducted. “Are management fees within a mutual fund in a non-registered account…
Read MoreCan You Save Tax By Moving Into Your Rental Property?
The article “Can you save tax by moving into your rental property?” was originally published in MoneySense on April 18, 2023. Photo by Ketut Subiyanto from Pexels. Moving into a co-owned property has capital gains tax implications, but there are other financial impacts to consider as well. “I have a house I was renting in…
Read MoreWhat Is Considered Day Trading In A TFSA
The article “What is considered day trading in a TFSA” was originally published in MoneySense on April 17, 2023. Photo by AlphaTradeZone from Pexels. The recent Ahamed v. The King decision by the Tax Court of Canada highlights risks for investors who trade frequently in their TFSAs, as well as in other investment accounts. Fareed…
Read MoreSelling Stocks At A Loss In A TFSA: What It Means For Your Contribution Room
The article “Selling stocks at a loss in a TFSA: What it means for your contribution room” was originally published in MoneySense on April 10, 2023. Photo by Ketut Subiyanto from Pexels. Before holding speculative stocks in a TFSA, consider what reporting a capital loss means for your contribution room going forward. “I lost $20,000…
Read MoreOttawa Is Offering a 25-year, High-Interest GIC: It’s Called The Canada Pension Plan
The article “Ottawa is offering a 25-year, high-interest GIC: It’s called the Canada Pension Plan” was originally published in Financial Post on April 7, 2023. Photo by by Andrii Dodonov from Getty Images. Decision on when to apply for CPP becomes clearer when you think of it as an investment, not income The recent rise…
Read MoreCanada’s Budget 2023: What It Means For You and Your Family
The article “Canada’s Budget 2023: What it means for you and your family” was originally published in MoneySense on March 31, 2023. Photo by Nabil Saleh from Unsplash. The federal government’s 2023 budget proposes a national dental care plan, a grocery rebate, changes to registered accounts, and much more. Here’s what you need to know. …
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