Here is a collection of articles we have published so you can stay informed!
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...
Tax Implications Of Making Transfers Between Registered Accounts
The article "Tax Implications Of Making Transfers Between Registered Accounts" was originally published on MoneySense on April 30, 2019. Suzanne transferred money from her LIRA to a LIF and her RRSP. Now she worries she’ll be taxed twice. Q. I had a locked-in pension,...
How To Handle Death Inside A Joint Investment Account
The article "How To Handle Death Inside A Joint Investment Account" was originally published on MoneySense on April 23, 2019. After Vee’s father passed away, her advisor made some transactions that she’s now questioning. Q. My father had two investment accounts open...
For Common-Law Couples, Estate Planning Is Full Of Pitfalls. Here’s How To Avoid Some Of Them.
The article "For Common-Law Couples, Estate Planning Is Full Of Pitfalls. Here's How To Avoid Some Of Them" was originally published on Financial Post on April 16, 2019. Couples who are common-law can have a unique set of financial planning challenges that differ from...
How To Calculate Capital Gains And Losses On Rental Property
The article "How To Calculate Capital Gains And Losses On Rental Property" was originally published on MoneySense on April 16, 2019. Chris’s rental property used to be his principal residence. After enduring some bad tenants, he’s looking to sell. Q. I am selling my...
An Easy Guide To Income Splitting For Seniors
The article "An Easy Guide To Income Splitting For Seniors" was originally published on MoneySense on April 10, 2019. Cindy and her husband are looking for strategies to help them save on taxes in retirement. Q. My husband and I are both retired. He still has income...
The Ins And Outs Of Tax And Estate Planning For A RRIF
The article "The Ins And Outs Of Tax And Estate Planning For A RRIF" was originally published on MoneySense on April 3, 2019. 81-year old Lydia wants to minimize tax and maximize the estate value of her RRIF on death. Q: I’m 81, single, female, with around $265,000 in...
Can I Have A Multi-Generational RESP?
The article "Can I Have A Multi-Generational RESP?" was originally published on MoneySense on March 26, 2019. If money is left over in your child's RESP you can in theory use it for your future grandkid's education, with some big caveats Q: I have an existing RESP for...
Meet The Budget’s New RRSP Strategy That Every Retiree Should Know About
The article "Meet The Budget's New RRSP Strategy That Every Retiree Should Know About" was originally published in Financial Post on March 22, 2019. Called an ALDA, it and other annuities act as an insurance policy outliving your money As life expectancies have risen...
How To Avoid A Pension Clawback From A One-Time Event
The article "How To Avoid A Pension Clawback From A One-Time Event" was originally published on March 19, 2019. Mike wants to know what can be done to avoid a reduction in government pension income due to a one-time event. Q: Are you aware of the “one-time event” in...
The Best Way To Transfer Investments To Your Spouse
The article "The Best Way To Transfer Investments To Your Spouse" was originally published on MoneySense on March 12, 2019. Dean has investments that he wants to transfer to his spouse. There are tax implications depending upon how the transfer occurs Q: Is there a...
After Inheriting A RRIF Account, How To Know What You Owe The Taxman
The article "After Inheriting A RRIF Account, How To Know What You Owe The Taxman" was originally published on MoneySense on March 5, 2019. Randy’s wife is the beneficiary of her late mother’s RRIF, and she wants to avoid penalties and interest on the tax owing....
Should Retirees Pay Off Their Mortgages With Investments?
The article "Should Retirees Pay Off Their Mortgages With Investments?" was originally published on MoneySense on February 25, 2019. Liz has just retired and wonders if she should use her investments to pay off her mortgage, despite her advisor’s advice to the...
How Does A LIRA Work After A Pension Transfer?
The article "How Does A LIRA Work After A Pension Transfer?" was originally published on MoneySense on February 20, 2019. Ted is confused about his investment options after leaving a DC pension, and whether his pension money would be better off in a regular RRSP....
What To Do When Banks Give Questionable Financial Advice To Seniors
The article "What To Do When Banks Give Questionable Financial Advice To Seniors" was originally published on MoneySense on February 12, 2019. Mel can't get a straight answer from his bank about his investment fees and is looking for some input on investing late in...
What It Takes To Retire At 45
The article "What It Takes To Retire At 45" was originally publishes on MoneySense on February 6, 2019. Konstantino is 27 and hopes to retire by 45. He wants to know how that impacts his RRSP versus TFSA savings strategy. Q: I’m 27 years old with a relatively healthy...
How Early RRSP Withdrawals Can Help Some Retirees Come Out Ahead
The article "How Early RRSP Withdrawals Can Help Some Retirees Come Out Ahead" was originally published on Financial Post on January 29, 2019. Who knew? Too much tax deferral and saving too long can be bad things. Registered Retirement Savings Plans are the primary...
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