Here is a collection of articles we have published so you can stay informed!
FP Answers: What Are The Pros And Cons When Borrowing Money To Invest?
The article "What are the pros and cons when borrowing money to invest?" was originally published in Financial Post on April 6, 2023. PHOTO BY GETTY IMAGES/ISTOCKPHOTO. You need a high risk tolerance, low investment fees and a long time horizon to make it worth...
Canada’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...
Can Lucas and Shelby Afford To Give $100,000 To Each Of Their Kids For A First House?
The article "Can Lucas and Shelby afford to give $100,000 to each of their kids for a first house?" was originally published on the Globe and Mail on March 28th 2023 by Dianne Maley. Lucas and Shelby are both teachers, earning a combined $210,750 a year. They have...
For Canadians Living Abroad, Is It Worth Investing In Foreign ETFs?
The article "For Canadians living abroad, is it worth investing in foreign ETFs?" was originally published in MoneySense on March 27, 2023 .Photo by Lukas Hartmann from Pexels. Canadians with extra savings overseas may wish to invest in foreign ETFs. However, there...
Navigating Ontario Probate: Which Assets Require Probate and How to Minimize Costs
In this blog post, we will explore which assets require probate in Ontario and provide tips on how to minimize probate costs. Understanding the process and requirements are key for executors and beneficiaries to efficiently and accurately settle an estate.
Are Your Deposits At Canadian Financial Institutions Safe?
The article "Are your deposits at Canadian financial institutions safe?" was originally published in MoneySense on March 20, 2023 . Photo by Mizuno K from Pexels. The failure of Silicon Valley Bank has highlighted risks in the U.S. banking system. Should Canadians...
Can You Use The Home Buyers’ Plan To Buy A Foreign Property?
The article "Can you use the Home Buyers’ Plan to buy a foreign property?" was originally published in MoneySense on March 13, 2023 . Photo by Ryutaro Tsukata from Pexels. Find out if you can use the RRSP home-buying program to purchase foreign property and the tax...
FP Answers: How Do I Determine When To Claim My Rental Condo Repairs As An Expense?
The article "How do I determine when to claim my rental condo repairs as an expense?" was originally published in Financial Post on March 10, 2023. PHOTO BY GETTY IMAGES/ISTOCKPHOTO. No general rule, but there are several factors to consider when timing a deduction...
The benefits and flexibility of family RESPs
The article "The benefits and flexibility of family RESPs" was originally published in MoneySense on March 10, 2023 . Photo by Pexels. Grants and growth can be allocated amongst any beneficiaries of the plan "Can you write an article on how family RESPs work once the...
How To Invest As A Teenager In Canada
The article "How to invest as a teenager in Canada" was originally published in MoneySense on March 10, 2023 . Photo by Creative Christians on Unsplash. Birthday money burning a hole? Read our "investing for teens" guide for where to invest, how to buy stocks, what...
How Do The RRSP Contribution Carry Forward Rules Work?
The article “How do the RRSP contribution carry forward rules work?" was originally published in MoneySense on March 10, 2023 . Photo by SHVETS production from Pexels. What are the rules about RRSP carry forwards? Should you ever contribute the full amount? "If I have...
Should You Withdraw From Non-Registered or TFSA Investments In Retirement?
The article “Should you withdraw from non-registered or TFSA investments in retirement?" was originally published in MoneySense on March 8, 2023 . Photo by Greta Hoffman from Pexels. When starting to draw down your investments in retirement, should you sell your...
Is Now The Time For Retirees To Sell Stocks And Buy GICs?
The article “Is now the time for retirees to sell stocks and buy GICs?" was originally published in MoneySense on March 3, 2023 . Photo by Mikhail Nilov from Pexels. Many people near or in retirement are worried about stock market volatility. Does it really make sense...
Triggering Losses By Transferring Investments To A TFSA
The article “Triggering losses by transferring investments to a TFSA" was originally published in MoneySense on March 1, 2023 . Photo by Jonas Leupe on Unsplash. Stavros is worried that contributing an investment in kind to his TFSA will trigger the “superficial loss...
A Strategy For Non-Registered And TFSA Accounts In Retirement
The article “A strategy for non-registered and TFSA accounts in retirement" was originally published in MoneySense on March 1, 2023 . Photo by Felicity Tai from Pexels. Between a TFSA and non-registered accounts, what is the most tax-effective way to withdraw to fund...
These Are The Adviser Fees, Hidden And Otherwise, That Investors Need To Be Wary Of
The article "These are the adviser fees, hidden and otherwise, that investors need to be wary of" was originally published in Financial Post on February 28, 2023. PHOTO BY GETTY IMAGES/ISTOCKPHOTO. Most consumers are still largely in the dark about how much they pay...
Should You Sell Investments At A Loss To Pay Off Debt?
The article “Should you sell investments at a loss to pay off debt?" was originally published in MoneySense on February 27, 2023 . Image by shurkin_son on Freepik. When paying a high interest rate on debt, does it make sense to sell investments that have fallen before...
FP Answers: When Is Capital Gains Tax Due On A Cottage Purchased In Joint Tenancy With Two Other People?
The article "When is capital gains tax due on a cottage purchased in joint tenancy with two other people?" was originally published in Financial Post on February 24, 2023. PHOTO BY JAMES MACDONALD/BLOOMBERG FILES. RRSP contributions are one way of reducing capital...
Who To Name As Executor When Family Members Aren’t An Option
The article “Who to name as executor when family members aren’t an option?" was originally published in MoneySense on February 21, 2023 . Photo by Cottonbro Studio from Pexels. It’s not always possible or beneficial to name a family member or close friend as executor...
What is the difference between an advice-only financial planner and a fee-based investment advisor?
The use of titles by financial professionals in Canada is not very well regulated. As a result, determining the difference between someone providing advice-only financial planning and fee-based investment services is difficult. But the differences are significant. In...
Are Spousal And Child Support Payments Taxable?
The article “Are spousal and child support payments taxable?" was originally published in MoneySense on February 13, 2023 . Photo by Cottonbro Studio from Pexels. Spousal and child support payments are taxed differently. And lump-sum payments may come with their own...
How Much To Take Out Of Your RRSP In Your 60s
The article “How much to take out of your RRSP in your 60s" was originally published in MoneySense on February 8, 2023 . Photo by Marcus Aurelius from Pexels. Although RRSP withdrawals can be deferred no later than age 72, it may be necessary or advisable to make...
How to Apply for Probate of an Ontario Estate
When someone dies in Ontario, their investments, real estate, personal belongings, other assets, and debts make up their estate. Assets that are not held jointly with right of survivorship or that do not pass directly to named beneficiaries may require an estate...
Can An Executor Borrow Money To Cover Probate Costs?
The article “Can an executor borrow money to cover probate costs?" was originally published in MoneySense on February 6, 2023 . Photo by Gary Barnes from Pexels. Executors have a few options when the estate has outstanding bills and no cash to cover probate fees. Find...
How To Invest As A Teenager In Canada
The article “How to invest as a teenager in Canada" was originally published in MoneySense on February 1, 2023 . Photo by Creative Christians on Unsplash. Birthday money burning a hole? Read our "investing for teens" guide for where to invest, how to buy stocks, what...
The Tax Implications Of Working Abroad For Residents and Non-Residents of Canada
The article “The tax implications of working abroad for residents and non-residents of Canada" was originally published in MoneySense on February 1, 2023 . Photo by Jopwell from Pexels. What taxes do you owe when working in another country if you’re a resident of...
How To Use Income ETFs For Retirement Income
The article “How to use income ETFs for retirement income" was originally published in MoneySense on January 31, 2023 . Photo by Karolina Grabowska from Pexels. Are income ETFs the right choice for retirees? And should you place them in a life income fund that has...
Here’s What You Need To Know About Picking An Executor For Your Will
The article "Here's what you need to know about picking an executor for your will" was originally published in Financial Post on January 26, 2023. Testators writing a will should consider whether the executors they are naming are the right people The most important...
When Does The “Plus 1” Rule Apply To A Principal Residence?
The article “When does the “plus 1” rule apply to a principal residence?" was originally published in MoneySense on January 23, 2023 . Photo by Karolina Grabowska from Pexels. There are tax implications to inheriting a second property. But in certain circumstances,...
FP Answers: What Are The Pros And Cons Of Using A DRIP Account For Your Investments?
The article "What are the pros and cons of using a DRIP account for your investments?" was originally published in Financial Post on January 20, 2023. PHOTO BY MICHAEL NAGLE/BLOOMBERG FILES. Using DRIPs in a taxable account could have unintended long-term consequences...
What is advice-only financial planning?
Advice-only financial planners provide a conflict-free second opinion that may be more detailed and comprehensive. Financial planning involves six primary areas: 1. Financial management 2. Investment planning 3. Insurance and risk management 4. Tax planning 5....
Your TFSA Investing Strategies Will Need A Rethink In 2023
The article "Your TFSA investing strategies will need a rethink in 2023" was originally published in Financial Post on January 5, 2023. PHOTO BY GETTY IMAGES/ISTOCKPHOTO. A changed financial landscape means these four strategies might require a rethink Tax-free...
A Strategy For Non-Registered and TFSA Accounts In Retirement
The article “A strategy for non-registered and TFSA accounts in retirement" was originally published in MoneySense on January 3, 2023 . Photo by Felicity Tai from Pexels. Between a TFSA and non-registered accounts, what is the most tax-effective way to withdraw to...
Estate Planning and Trusts For A Beneficiary with a Disability
The article “Estate planning and trusts for a beneficiary with a disability" was originally published in MoneySense on December 28, 2022. Photo by Cliff Booth from Pexels. Estate planning and trusts for a beneficiary with a disability, what type of professional is...
Is Now The Time For Retirees To Sell Stocks And Buy GICs?
The article “Is now the time for retirees to sell stocks and buy GICs?" was originally published in MoneySense on December 21, 2022. Photo by Mikhail Nilov from Pexels. Many people near or in retirement are worried about stock market volatility. Does it really make...
Is Now The Time For A Long-Term Investor To Abandon Stocks?
The article “Is now the time for a long-term investor to abandon stocks?" was originally published in MoneySense on December 21, 2022. Photo by Jenny Ueberberg on Unsplash. It’s been a difficult year for stock investors. Should you move into GICs or mortgage funds to...
Can An Estate Contribute To An RESP Account?
The article “Can an estate contribute to an RESP account?" was originally published in MoneySense on December 20, 2022. Photo by Ketut Subiyanto form Pexels. Here’s what you need to know before deciding to leave money in trust for an RESP account after your death....
How To Start Investing With ETFs In Your 20s
The article “How to start investing with ETFs in your 20s?" was originally published in MoneySense on December 15, 2022. Photo by Andrea Piacquadio from Pexels. Learning about investing in your 20s can be as fun as it is challenging. Here are some thought-starters. "I...
Do You Pay Withholding Tax On U.S. ETFs?
The article “Do you pay withholding tax on U.S. ETFs?" was originally published in MoneySense on December 13, 2022. Photo by Andrea Piacquadio from Pexels. A Canadian-domiciled ETF is almost always subject to U.S. withholding tax, but there are exceptions and a...
Should You Collect CPP And OAS While Working In Your 60s?
The article “Should you collect CPP and OAS while working in your 60s?" was originally published in MoneySense on December 6, 2022. Photo by Andrea Piacquadio from Pexels. If you’re in your 60s and plan to remain in the workforce, here’s what you need to know about...
FP Answers: When Should I Add More GICs Or Bonds To My Portfolio Mix?
The article "When should I add more GICs or bonds to my portfolio mix?" was originally published in Financial Post on December 2, 2022. PHOTO BY MICHAEL M. SANTIAGO/GETTY IMAGES FILES. Some key investment tips on how to preserve capital while maintaining some...
Why It’s Time For Borrowers To Accept The New Normal Of Higher Rates And Plan Accordingly
The article "Why it's time for borrowers to accept the new normal of higher rates and plan accordingly" was originally published in Financial Post on November 29, 2022. PHOTO BY COLE BURSTON/BLOOMBERG FILES. Interest rate normalization is causing the cost of debt to...
Can 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 November 28, 2022. Photo by Ketut Subiyanto from Pexels. Moving into a co-owned property has capital gains tax implications, but there are other financial...
Tools And Habits To Stay On Track With Your Money Goals
The article “Tools and habits to stay on track with your money goals" was originally published in MoneySense on November 22, 2022. Photo by Andrea Piacquadio from Pexels. Goal tracking is an important part of proactive financial planning. Here are some tools and...
How Spouses With Joint Accounts Should Claim Capital Losses
The article “How spouses with joint accounts should claim capital losses" was originally published in MoneySense on November 15, 2022. Photo by Yan Krukov from Pexels. A couple with a pair of joint accounts wants to claim a capital loss on their taxes. How should the...
Should RRIF Withdrawals Be Based On The Younger Spouse’s Age?
The article “Should RRIF withdrawals be based on the younger spouse’s age?" was originally published in MoneySense on November 8, 2022. Photo by Rodnae Productions from Pexels. Is there an advantage to using a younger spouse’s age to calculate minimum RRIF...
How Much To Take Out Of Your RRSP In Your 60s
The article “How much to take out of your RRSP in your 60s" was originally published in MoneySense on November 3, 2022. Photo by Marcus Aurelius from Pexels. Although RRSP withdrawals can be deferred no later than age 72, it may be necessary or advisable to make...
What Are The Tax Implications Of Selling U.S. Real Estate?
The article “What are the tax implications of selling U.S. real estate?" was originally published in MoneySense on October 31, 2022. Photo by Kampus Production from Pexels. Mary and Vic are selling a property in the U.S. and want to know what the capital gain tax...
Financial Gifts: What You Need To Know Before Giving Money Or Investments
The article “Financial gifts: What you need to know before giving money or investments" was originally published in MoneySense on October 28, 2022. Photo by Marcus Aurelius from Pexels. Whether you're giving to a family member or a cause you believe in, these...
Can You Avoid Probate Taxes On TFSAs?
The article “Can you avoid probate taxes on TFSAs?" was originally published in MoneySense on October 28, 2022. Photo by Sora Shimazaki from Pexels. Find out how to shield TFSAs from probate taxes, when no beneficiary or successor has been named for the registered...
The purpose of this meeting is to understand your specific needs to determine if and how we can help. We then provide a quote for our services to be detailed in a written engagement letter that acts as our contract to you. Please note we cannot provide advice to you during this introductory meeting.
We work with many self-directed DIY investors. That said, we cannot provide investment recommendations for the purchase or sale of specific securities, nor can other fee-only/advice-only financial planners in Canada who are not licensed to manage your investments.
Please note our minimum consultation fee is $1,500 plus applicable sales tax. If you provide some information below and request it from us, we can provide a rough estimate on pricing prior to an introductory meeting.
The purpose of this meeting is to understand your specific needs to determine if and how we can help. We then provide a quote for our services to be detailed in a written engagement letter that acts as our contract to you. Please note we cannot provide advice to you during this introductory meeting.
We work with many self-directed DIY investors. That said, we cannot provide investment recommendations for the purchase or sale of specific securities, nor can other fee-only/advice-only financial planners in Canada who are not licensed to manage your investments.
Please note our minimum consultation fee is $1,500 plus applicable sales tax. If you provide some information below and request it from us, we can provide a rough estimate on pricing prior to an introductory meeting.
Objective Financial Partners Inc.
675 Cochrane Drive
East Tower, 6th Floor
Markham, Ontario
L3R 0B8
T. 416.691.8471
Toll Free. 1.855.691.8471
Providing fee-only financial planning to clients in Toronto or worldwide via Zoom or Skype
Copyright © 2018 |Objective Financial Partners Inc. | All rights reserved.
We don't sell investments, so we're not going to tell you which stocks to buy and sell. However, we can build you a comprehensive and truly objective financial plan.
Please send email inquiries to info@objectivecfp.com
