Here is a collection of articles we have published so you can stay informed!
Should You Consider Using Joint Accounts To Avoid Probate?
The article "Should You Consider Using Joint Accounts To Avoid Probate?" was originally posted on MoneySense on April 16, 2020. Would listing Laurel as her aging mother’s joint account holder simplify management of her mother’s affairs if she is no longer able to do...
COVID-19 Financial Support For Working Seniors
The original article "COVID-19 Financial Support For Working Seniors" was published on MoneySense on April 14, 2020. You may still qualify for the federal government’s CERB payments, even if you collect CPP and OAS. Q. I am still working, and also receive Canada...
The Basics of Starting Your Own Business
The article "The Basics of Starting Your Own Business" was originally published on MoneySense on April 8, 2020. Looking to earn some money through self-employment or a side hustle? Here’s what to know about the setup and tax implications before you get started. With...
Death And Taxes: How To Navigate The Probate Process To Keep Tax Costs In Check
The article "Death And Taxes: How To Navigate The Probate Process To Keep Tax Costs In Check" was originally published on Financial Post on March 24, 2020. There are ways to reduce or avoid probate fees and reasons to try to, but there are some things to take into...
What Should Retirees Do With Their Investments Amid COVID-19?
The article "What Should Retirees Do With Their Investments Amid COVID-19?" was originally published on MoneySense on March 23, 2020. With North American stock markets down more than 30% from their recent highs, Canadians who are retired or close to retirement are...
How To Protect Your Personal Finances Amid The Coronavirus Chaos
The article "How To Protect Your Personal Finances Amid The Coronavirus Chaos" was originally published on Financial Post on March 18, 2020. With more repercussions to come, there are still steps you can take to protect your financial wellbeing. The initial financial...
What You Need To Know About Filing Your 2019 Tax Return
The article "What You Need To Know About Filing Your 2019 Tax Return" was originally published on MoneySense on March 4, 2020. Here is a quick primer on claims to take advantage of, the filing deadlines for employees and self-employed taxpayers, what to watch...
How To Ensure Your Inheritance Goes To Your Children And Not The Taxman
The article "How To Ensure Your Inheritance Goes To Your Children And Not The Taxman" was originally published on Financial Post on March 2, 2020. With a little planning, retirees can reduce their lifetime tax payable and minimize the potential tax payable by their...
Here’s How Much You Should Contribute To Your RRSP For Each Stage Of Your Career
The article "Here's How Much You Should Contribute To Your RRSP For Each Stage Of Your Career" was originally published on Financial Post on February 25, 2020. How much you need to save for retirement depends on a lot of personal factors EARLY CAREER Tax Free...
Planning For The (potential) Costs Of Long-Term Care
The article "Planning For The (potential) Costs Of Long-Term Care" was originally published on MoneySense on February 10, 2020. Insuring against a potential expense that could range from nothing to hundreds of thousands of dollars, and could happen at any time during...
Do You Have Too Many Shares In One Company?
The article "Do You Have Too Many Shares In One Company?" was originally published on MoneySense on February 7, 2020. Anyone who has a single stock that makes up more than 5% to 10% of their investment portfolio should be considering if they are overexposed and how to...
Should You Buy Health Insurance In Retirement?
The article "Should You Buy Health Insurance In Retirement?" was originally published on MoneySense on January 29, 2020. Most people have health insurance coverage during their working years, but their employer picks up at least some of the cost. For retirees, the...
Is An RRSP Loan A Good Idea?
The article "Is An RRSP Loan A Good Idea?" was originally published on MoneySense on January 22, 2020. Depending on which tax bracket you’re in and whether you have other debt, you might be better off simply directing what you would put towards loan repayments into...
How To Make Sense Of Contradictory Investment Advice
The article "How To Make Sense Of Contradictory Investment Advice" was originally published on MoneySense on January 10, 2020. Nat’s looking for help deciding which strategy truly is best: buy and hold for the long term, or sell off “losers” before they hurt your...
How Does Income From A Rental Property Create RRSP Contribution Room?
The article "How Does Income From A Rental Property Create RRSP Contribution Room?" was originally published on MoneySense on January 6, 2020. And, perhaps more importantly, should Jerry, who’s retired, claim RRSP deductions or the capital cost allowance, to reduce...
Baby Boomers Have Made A Fortune On Real Estate — Here Are Three Reasons To Consider Cashing Out Now
The article "Baby Boomers Have Made A Fortune On Real Estate — Here Are Three Reasons To Consider Cashing Out Now" was originally published on Financial Post on December 17, 2019. Beware the belief that real estate prices will continue to climb at anywhere near the...
Planning For An Inheritance
The article "Planning For An Inheritance" was originally published on MoneySense on December 10, 2019. Nearly half of Canadians expect to receive an inheritance. But while it’s important to consider those potential funds in your own retirement planning, counting on...
How To Recover Financially From Divorce
The Article "How To Recover Financially From Divorce" was originally published on MoneySense on December 4, 2019. Top tips: Try to avoid any hasty decisions regarding real estate, and take the time to ensure you have the amount and type of insurance coverage you need....
A Workplace Pension Could Be Worth Three Times An RRSP — Yet Only 37% Of Canadians Have One
The article "A Workplace Pension Could Be Worth Three Times An RRSP — Yet Only 37% Of Canadians Have One" was originally published on Financial Post on November 26, 2019. Canada’s pension coverage lags G8 counterparts. Tax incentives for employers could help fix that....
A Workplace Pension Could Be Worth Three Times An RRSP — Yet Only 37% Of Canadians Have One
The article "A Workplace Pension Could Be Worth Three Times An RRSP — Yet Only 37% Of Canadians Have One" was originally published on Financial Post on November 26, 2019. Canada’s pension coverage lags G8 counterparts. Tax incentives for employers could help fix that....
Should You Borrow To Pay Expenses On An Investment Property?
The article "Should You Borrow To Pay Expenses On An Investment Property?" was originally published on MoneySense on November 15, 2019. Garry, who’s retired, needs additional cash to cover the cost of maintaining a property he rents out. Should he consider taking out...
Understanding Your Company Pension Plan
The article "Understanding Your Company Pension Plan" was originally published on MoneySense on November 6, 2019. While the specifics can vary quite widely from plan to plan, a good place to start is with the basic differences between “defined benefit” and “defined...
Should I Sell Off Some Investments To Avoid OAS Clawbacks?
The article “Should I Sell Off Some Investments To Avoid OAS Clawbacks?” was originally published on MoneySense on October 29, 2019. Q. I’m due to receive Old Age Security (OAS) benefits next year. I’m concerned because the dividends I receive from my investments will...
“Who’ll Pay For The Cottage If I Die?”
The article "Who’ll Pay For The Cottage If I Die?" was originally published on MoneySense on October 16, 2019. Having a mortgage doesn’t necessarily mean you need life insurance coverage equal to the amount you owe on it. Q. We are non-residents who recently purchased...
These Are The Election Promises That Could Affect Your Personal Finances
The article "These Are The Election Promises That Could Affect Your Personal Finances" was originally published on Financial Post on October 15, 2019. There's merit in proposals presented by each of the parties, even if some are controversial As a financial planner, I...
What Is A Pension Bridge Benefit And How Does It Work?
The article "What Is A Pension Bridge Benefit And How Does It Work?" was originally published on MoneySense on October 9, 2019. With retirement a couple years away, Kevin is considering his options. Forgoing the bridge benefit may help him enjoy his pension payments...
What The Federal Parties’ 2019 Campaign Platforms Mean For Your Money
The article "What The Federal Parties’ 2019 Campaign Platforms Mean For Your Money" was originally published on MoneySense on October 2, 2019. With the election approaching, we asked a financial planner to break down the issues that will hit your wallet. With the...
What Investors Need To Know About Changes To TD e-Series Funds
The article "What Investors Need To Know About Changes To TD e-Series Funds" was originally published on MoneySense on September 24, 2019. TD e-Series Funds have been staples for passive index-fund investors and Canadian Couch Potato enthusiasts for two decades....
The Real ‘Advice Gap’ When It Comes To Financial Planning Has Nothing To Do With Investment Products
The article "The Real 'Advice Gap' When It Comes To Financial Planning Has Nothing To Do With Investment Products" was originally published on Financial Post on September 18, 2019. Investors are suffering from a lack of access to comprehensive financial advice If you...
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...
Should 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...
How 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...
Can 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...
What 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...
What 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...
Gifting 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...
Should 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...
Should 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...
Should 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...
What 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...
Should 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...
Moving To The U.S.? Here’s What To Do With Your Canadian Investments
The article "Moving To The U.S.? Here’s What To Do With Your Canadian Investments" was originally published on MoneySense on June 26, 2019. Set to start a new job south of the border, Justin will need to consider that registered and non-registered accounts are treated...
When It Comes To Your Financial Plan, Think Process, Not Product
The article "When It Comes To Your Financial Plan, Think Process, Not Product" was originally published on Financial Post on June 19, 2019. Jason Heath: A financial plan is more than a one-time event, and it certainly shouldn't exist solely in your head The “financial...
The Bank Of Grandma And Grandpa
The article "The Bank Of Grandma And Grandpa" was originally published on MoneySense on June 12, 2019. Sol wants to contribute to his grandkids’ future with annual gifts he’ll start now. What’s the best way to manage the money outside of RESPs? Q. I’d like to start...
“Will My Hard-Working Teen Have To Pay Tax On Withdrawals From Our Family RESP?”
The article “Will My Hard-Working Teen Have To Pay Tax On Withdrawals From Our Family RESP?” was originally published on MoneySense on June 5, 2019. Scott is wondering how to split Registered Education Savings Plan funds between his children to minimize the tax...
What To Do With A Monetary Advance On Your Inheritance
The article "What To Do With A Monetary Advance On Your Inheritance" was originally published on MoneySense on May 28, 2019. Maureen’s husband wants to put a $200,000 gift from her parents toward their mortgage, but she isn’t convinced. Q. My amazing parents are...
Why Saving Too Much For Retirement Is Just As Risky As Saving Too Little
The article "Why Saving Too Much For Retirement Is Just As Risky As Saving Too Little" was originally published on Financial Post on May 22, 2019. Only 20 per cent of 65-year old Canadians will live for 30 years — and that means their money will far outlive them...
Can Canadian Seniors Collect Government Benefits While Still Working?
The article "Can Canadian Seniors Collect Government Benefits While Still Working?" was originally published on MoneySense on May 21, 2019. Rose is transitioning to semi-retirement at 65, and wonders about the tax and clawback implications of receiving CPP and OAS....
Advice On Making Your First Home More Affordable
The article "Advice On Making Your First Home More Affordable" was originally published on MoneySense on May 14, 2019. Irene and her partner want to buy a house with savings, some help from her dad and a mortgage from an alternative lender. What are the implications?...
Avoiding Future Interest Is One Way To Look At Your Return On Investment
The article "Avoiding Future Interest Is One Way To Look At Your Return On Investment" was originally posted on MoneySense on May 7, 2019. Should Vince cash out his medical pension to pay down his mortgage, or keep it as an indexed $400 per month for life? Q. I’m 47...
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