Here is a collection of articles we have published so you can stay informed!
Can You Change Your Mind About Taking CPP Early?
The article "Can you change your mind about taking CPP early?" was originally published in MoneySense on August 3, 2021. Photo by Anna Shvets from Pexels. Rena started receiving Canada Pension Plan benefits at age 60 and wants to know if she can now defer the...
Divorce Over 50: Managing Your Finances If You Find Yourself Single In The Run-up To Retirement
The article "Divorce over 50: managing your finances if you find yourself single in the run-up to retirement" was originally published in MoneySense on July 28, 2021. Photo by Pavel Danilyuk from Pexels. "Grey divorce" is on the rise—and it can have significant...
New Rules Boost Financial Protection For Seniors, But Getting Them To Opt In Can Be A Delicate Process
The article "New rules boost financial protection for seniors, but getting them to opt in can be a delicate process" was originally published in Financial Post on July 27, 2021. PHOTO BY CHLOE CUSHMAN/NATIONAL POST ILLUSTRATION FILES. CSA introduces trusted contacts,...
Can You Receive A Government Pension If You Live Outside Of Canada?
The article "Can you receive a government pension if you live outside of Canada?" was originally published on MoneySense on July 19, 2021. Photo by Frida Aguilar Estrada on Unsplash. Helen wants to know if her father can receive Old Age Security benefits, despite not...
RESP Guide: Making The Shift From Saving For Your Child’s Post-Secondary Education, To Funding It.
The article "RESP guide: Making the shift from saving for your child's post-secondary education, to funding it" was originally published on MoneySense on July 12, 2021. Photo by Zen Chung from Pexels. Parents may spend years contributing to Registered Education...
Are You Entitled To Anything When Your Ex-spouse Dies?
The article "Are you entitled to anything when your ex-spouse dies?" was originally published on MoneySense on July 5, 2021. Photo by Teona Swift from Pexels. Ginette wonders if she can claim survivor benefits although she and her late former husband were no longer...
Here’s What You Need To Know If Your Retirement Is Riding On Your Rental Property Income.
The article "Here's what you need to know if your retirement is riding on your rental property income" was originally published in Financial Post on July 2, 2021. PHOTO BY ERNEST DOROSZUK/TORONTO SUN/POSTMEDIA FILES Jason Heath: There are unique tax, cash flow, and...
What Happens To Real Estate When A Spouse Dies And Property Isn’t Held Jointly?
The article "What happens to real estate when a spouse dies and property isn’t held jointly?" was originally published on MoneySense on June 30, 2021. Photo by Elina Fairytale from Pexels. Barb’s mother is living in a house that was owned by her deceased father, and...
A Guide To Spousal RRSPs For Married And Common-Law Partners
The article "A guide to spousal RRSPs for married and common-law partners" was originally published on MoneySense on June 21, 2021. Photo created by gpointstudio - www.freepik.com. There are benefits, but also potential pitfalls, to beware of when considering...
What Tenants Need To Know About Buying Out Their Rental
The article "What tenants need to know about buying out their rental" was originally published on MoneySense on June 14, 2021. Photo by cottonbro from Pexels. Douglas is considering buying the property he rents from his landlord. There are considerations and...
Tax Planning For Canadians Who Invest In The U.S.
The article "Tax planning for Canadians who invest in the U.S." was originally published on MoneySense on June 10, 2021. Photo by Karolina Grabowska from Pexels. There are good reasons for Canadians to invest in the U.S., including portfolio diversification. Just...
These Are The Mistakes Do-It-Yourself Retirement Planners Make Most Often
The article "These are the mistakes do-it-yourself retirement planners make most often" was originally published on Financial Post on June 3, 2021. PHOTO BY CHLOE CUSHMAN/NATIONAL POST ILLUSTRATION FILES Jason Heath: By planning prudently, you can retire earlier,...
When Does It Make Sense To Sell Real Estate In A Larger City And Buy In A Smaller One?
The article "When does it make sense to sell real estate in a larger city and buy in a smaller one?" was originally published on MoneySense on May 31, 2021. Photo by Shelagh Murphy from Pexels. If Alison’s annual rent exceeds 5% of the cost to buy a comparable home,...
Estate Planning Changes In Ontario
The article "Estate planning changes in Ontario" was originally published on MoneySense on May 25, 2021. Photo created by pressfoto - www.freepik.com. Estate planning changes in Ontario Virtual signing and remote witnessing are now permanent options for...
IVF And Adoption Costs In Canada
The article "IVF and adoption costs in Canada" was originally published on MoneySense on May 17, 2021. Photo by Justin Groep on Unsplash. Having kids can be expensive for every family—but for Canadians with fertility issues, there are added financial and...
Selling Your House? Here’s Where To Invest The Proceeds
The article "Selling your house? Here’s where to invest the proceeds" was originally published on MoneySense on May 14, 2021. What to do with the proceeds of a house sale, RRSPs and TFSAs? Invest. Here's how robo-advisors might work. Q: My wife and I recently sold our...
How To Stop Debt Or Pension Payments After Someone Has Died
The article "How to stop debt or pension payments after someone has died" was originally published on MoneySense on May 10, 2021. Jarnail’s son passed away recently, yet his student loan payments continue to be withdrawn. What should his next steps be? The difficult...
Understanding Income Attribution And How To Deal With It At Tax Time
The article "Understanding Income Attribution And How To Deal With It At Tax Time" was originally published on MoneySense on April 5, 2021. Paul and his wife have a non-registered investment account and want to make sure they are...
New Investment Approaches For Risk-Averse Canadians
The article "New Investment Approaches For Risk-Averse Canadians" was originally published on MoneySense on April 28, 2021. Old-school investors may find the capital preservation techniques they have relied on in the past won't work the same in the future. Bonds have...
“Where Do We Pay Income Tax If We Retire Abroad?”
The article "Where Do We Pay Income Tax If We Retire Abroad?" was originally published on MoneySense on April 20, 2021. There are tax implications in both countries if Marianna moves to Mexico full-time. Q. We're thinking about moving to Mexico full-time when we...
How Financially Viable Is Your Rental Property?
The article "How Financially Viable Is Your Rental Property?" was originally published on MoneySense on April 12, 2021. Rental real estate has been a great investment for many Canadians. But how do you assess whether yours is likely to work out? After rising steadily...
Canadian Inheritances Could Hit $1 Trillion Over The Next Decade And Both Bequeathers And Beneficiaries Need To Be Ready
The article "Canadian Inheritances Could Hit $1 Trillion Over The Next Decade And Both Bequeathers And Beneficiaries Need To Be Ready" was originally published on Financial Post on April 8, 2021. Here are some decisions and strategies to consider when it comes to the...
Marriage Or Mortgage: Which Is The Better Investment?
The article "Marriage Or Mortgage: Which Is The Better Investment?" was originally posted on MoneySense on March 29, 2021. Couples are sometimes torn between making their wedding a big celebration and starting their financial life together on the right foot. Weddings...
Maximizing Spousal RRSP Contributions In Your 70s
The article "Maximizing Spousal RRSP Contributions In Your 70s" was originally published on MoneySense on March 22, 2021. Don wants to know exactly when is the cutoff for contributions in his wife's case, and when to convert the savings to a registered retirement...
Should You Always Split Your Pension Income?
The article "Should You Always Split Your Pension Income?" was originally published on MoneySense on March 15, 2021. Narayan wants to know the best ways to save income tax, given the disparity between his income and his wife's. Q. Is it always advantageous to use...
How To Invest Down Payment Funds While Timing The Real Estate Market
The article "How To Invest Down Payment Funds While Timing The Real Estate Market" was originally published on MoneySense on March 8, 2021. Liz sold her home in anticipation of becoming an empty nester, but prices keep rising while she rents and waits to buy again....
These Tax Changes Could Open Up More Options For Real Estate Investors, Homeowners And Renters Of All Ages
The article "These Tax Changes Could Open Up More Options For Real Estate Investors, Homeowners And Renters Of All Ages" was originally published in Financial Post on March 2, 2021. Tax incentives may be more effective than disincentives to benefit the housing market...
Tax Implications Of Building A Laneway Suite
The article "Tax Implications Of Building A Laneway Suite" was originally published on MoneySense on March 1, 2021. Any time a homeowner becomes a landlord, there may be GST/HST and income tax owing—and the amounts can be quite large. Q. I read your “capital gains on...
You May Be Able To Claim These Commonly Overlooked Medical Expenses On Your Tax Return
The article "You May Be Able To Claim These Commonly Overlooked Medical Expenses On Your Tax Return" was originally published on MoneySense on February 23, 2021. Several medical expenses are eligible for a tax credit. Here are a few Canadians should consider at tax...
How Do Mortgage Brokers Get Paid?
The article "How Do Mortgage Brokers Get Paid?" was originally published on MoneySense on February 27, 2021. Adil is about to close on a home purchase and is surprised that his mortgage broker is asking for a cash payment for the broker fee before the funds are...
Financial Planning In Your 70s
The article "Financial Planning In Your 70s" was originally published on MoneySense on February 9, 2021. Be mindful of these money concerns, even after retirement. When most people think about financial planning, they think about saving and investing for retirement....
When Are Tax-Deferred And Tax-Free Accounts Actually Taxable?
The article "When Are Tax-Deferred And Tax-Free Accounts Actually Taxable?" was originally published on MoneySense on February 2, 2021. A new investor, Tawheeda is looking for clarification on the tax payable on U.S. and Canadian stocks in her RRSP and TFSA. Q. I saw...
Life Expectancy Is One Of The Great Unknowns In Retirement Planning, But These Strategies Cover You No Matter What
The article "Life Expectancy Is One Of The Great Unknowns In Retirement Planning, But These Strategies Cover You No Matter What" was originally published on Financial Post on January 27, 2021. Here are some strategies for both a long and short retirement Life...
What To Consider If You Still Have RRSP Contribution Room
The article "What To Consider If You Still Have RRSP Contribution Room" was originally published on MoneySense on January 25, 2021. With just weeks left before the contribution deadline, a Certified Financial Planner rounds up key facts and common RRSP myths....
Capital Gains On Subdivided Land
The article "Capital Gains On Subdivided Land" was originally published on MoneySense on January 18, 2021. Devon was lucky enough to buy a lot that he was able to subdivide, sell some of the land and build a house on the rest. Does he owe tax? Q. Our primary residence...
Financial Priorities For The New Year
The article "Financial Priorities For The New Year" was originally published on MoneySense on January 11, 2021. January is a good time to review your investments, tax and debt management planning. Here's how to get started. The new year is often a time for resolutions...
Here’s What You Need To Know If You Plan To Keep Working Into Retirement
The article "Here's What You Need To Know If You Plan To Keep Working Into Retirement" was originally published on Financial Post on December 21, 2020. There are different ways to keep working, and financial and lifestyle implications to consider The concept of...
Can Life Insurance Be Used As A Fixed Income Investment?
The article "Can Life Insurance Be Used As A Fixed Income Investment?" was originally published on MoneySense on December 21, 2020. Emerging from a serious health scare, Dana wonders if she can use her life insurance to replace the bonds in her investment portfolio....
Halal Investing in Canada
The article "Halal Investing in Canada" was originally published on MoneySense on December 18, 2020. Investing can be challenging for Muslims, as solutions that are both Shariah-compliant and effective at helping achieve long-term financial goals are limited. Canadian...
Ways To “Unlock” Retirement Savings In A LIRA
The article "Ways To “Unlock” Retirement Savings In A LIRA" was originally published on MoneySense on December 7, 2020. Keith wants to know what to do with his DPSP now that it has been transferred to a locked-in retirement account. Q. When I retired at age 63, the...
Unique Ideas For Your Last Will and Testament
The article "Unique Ideas For Your Last Will and Testament" was originally published on MoneySense on November 30, 2020. A straightforward will can work well for many people but, for some, there are clauses to consider that might better convey your wishes. When you...
Managing Tax In A “Tenancy In Common” Situation
The article "Managing Tax In A “Tenancy In Common” Situation" was originally published on MoneySense on November 24th, 2020. Claudia wants to minimize the tax payable when selling her share of a cottage to the co-owner. Q. I am a co-owner of a cottage in Ontario. The...
How Employers Can Boost Employees’ Financial Security Even As Pension And Insurance Benefits Shrink
The article "How Employers Can Boost Employees' Financial Security Even As Pension And Insurance Benefits Shrink" was originally published on Financial Post on November 23, 2020. Companies are in a unique position to help their workers without huge costs if they think...
Financial Literacy For Seniors
The article "Financial Literacy For Seniors" was originally published on MoneySense on November 16, 2020. If one spouse makes most or all the financial decisions, the uninvolved spouse can be left vulnerable. That's one reason seniors, their family and their advisors...
Calculating Expected Returns On The Sale Of Real Estate
The article "Calculating Expected Returns On The Sale Of Real Estate" was originally published on Moneysense on November 10, 2020. Yan is selling his home and wants to know how to price it to ensure he turns a profit. Q. How do I calculate the capital gain on real...
Should You Set Up A Personal Real Estate Corporation (PREC)?
The article "Should You Set Up A Personal Real Estate Corporation (PREC)?" was originally published on MoneySense on November 2, 2020. Ontario recently joined several other provinces by allowing the establishment of personal real estate corporations. What are they,...
How Does Assisted Dying Impact Survivor Pensions?
The article "How Does Assisted Dying Impact Survivor Pensions?" was originally published on MoneySense on October 26, 2020. Content warning: This article contains discussion of assisted dying and suicide, which may be upsetting to some readers. We have turned off...
The Retirement Downsizing Myth: No, Seniors Aren’t Moving In Droves — And That Will Affect The Housing Market
The article "The Retirement Downsizing Myth: No, Seniors Aren't Moving In Droves — And That Will Affect The Housing Market" was originally published on Financial Post on October 20, 2020. Retirement community developers and aspiring young homebuyers may be in for...
Potential Tax Changes Due To COVID-19
The article "Potential Tax Changes Due To COVID-19" was originally published on MoneySense on October 20, 2020. The pandemic has led to a significant amount of spending by the federal and provincial governments. How will the country pay for it all? Speculation is...
Should You Sell Your Home To Your Kids?
The article "Should You Sell Your Home To Your Kids?" was originally published on MoneySense on October 13, 2020. Graham is considering a creative strategy to access his home equity with the help of his grown children. The end goal: to build a vacation property for...
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