Here is a collection of articles we have published so you can stay informed!

Should You Take Out A Loan To Pay For Your Wedding?

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...

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What Are The Tax Implications Of Donating Land?

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...

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What Is Wealth Insurance?

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...

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Gifting Real Estate To Your Adult Children

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...

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Should I Loan Investments Or Money To My Spouse?

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...

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Should You Opt In To A Group RRSP?

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...

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The Bank Of Grandma And Grandpa

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...

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Advice On Making Your First Home More Affordable

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?...

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How To Handle Death Inside A Joint Investment Account

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...

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An Easy Guide To Income Splitting For Seniors

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...

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Can I Have A Multi-Generational RESP?

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...

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How To Avoid A Pension Clawback From A One-Time Event

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...

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The Best Way To Transfer Investments To Your Spouse

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...

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How Does A LIRA Work After A Pension Transfer?

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....

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What It Takes To Retire At 45

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...

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Disability, Income Splitting and Tax Reduction

Disability, Income Splitting and Tax Reduction

The article "Disability, Income Splitting and Tax Reduction" was originally published on MoneySense on January 15, 2019. Rob's wife is unable to work due to a chronic illness. He's trying to plan for tax reduction in retirement on their registered accounts. Q: My wife...

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The Limits of Old Age Security Survivor Benefits

The Limits of Old Age Security Survivor Benefits

The article "The Limits of Old Age Security Survivor Benefits" was originally published on MoneySense on January 2, 2019. Lillian lost her husband and wants to know what happens to his Old Age Security pension. Q: My husband died in 2015 at the age of 56. He would...

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Can You Transfer Your Full Pension Into An RRSP?

Can You Transfer Your Full Pension Into An RRSP?

The article "Can You Transfer Your Full Pension Into An RRSP?" was originally published on MoneySense on December 11, 2018. Margaret wants to know how to avoid losing some of her pension if she transfers it into an RRSP at retirement. Q: I would like to know if you...

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RRIFs And Income Splitting In The Year Of Death

RRIFs And Income Splitting In The Year Of Death

The article "RRIFs And Income Splitting In The Year Of Death" was originally published on MoneySense on December 4, 2018. Gloria's husband died recently. She's looking for clarification on what happens with his RRIF and if and how she can split income with him in his...

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RESPs and Canadian Non-Residency

RESPs and Canadian Non-Residency

The article "RESPs and Canadian Non-Residency" was originally published on MoneySense on November 27, 2018. Cara and her family are becoming non-residents of Canada. They want to know what this means for their RESP account. Q: We are moving overseas to New Zealand....

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Selling Your Home To Your Kids – For $1

Selling Your Home To Your Kids – For $1

The article "Selling Your Home To Your Kids - For $1" was originally published on MoneySense on November 20, 2018. You need to consider if the savings for your child are worth the risk to you Q: I want to pass my principal residence where my son and I live to my son...

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Leaving An Inheritance For Your Grandchildren

Leaving An Inheritance For Your Grandchildren

The article "Leaving An Inheritance For Your Grandchildren" was originally published on MoneySense on November 7, 2018. Dan's mother wants to use some of the proceeds from her home sale to help her young grandchildren save for their future Q: My mother has just sold...

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Should You Incorporate A Business To Save On Taxes?

Should You Incorporate A Business To Save On Taxes?

The article "Should You Incorporate A Business To Save On Taxes?" was originally published on MoneySense on October 23, 2018. Only if you can justify the initial and ongoing costs Q: I was recently let go from my job and am planning on starting a handyman business. I...

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Drawing Down Retirement Savings As A Single Senior

Drawing Down Retirement Savings As A Single Senior

The article "Drawing Down Retirement Savings As A Single Senior" was originally published on MoneySense on October 16, 2018. What to do with pensions, RRSPs, TFSAs, CPP and OAS as a solo retiree Q: As I approach the early days of my retirement, I am considering...

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How To Decide When To Convert RRSPs To RIFFs

How To Decide When To Convert RRSPs To RIFFs

The article "How To Decide When To Convert RRSPs To RIFFs" was originally published in MoneySense on October 9, 2018. Bart has three RRSP accounts and wants to know how his RRIF withdrawals are calculated Q: I have several (three) RRSPs, partially resulting from...

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TFSA vs RRSP: How To Decide Between The Two

TFSA vs RRSP: How To Decide Between The Two

The article "TFSA vs RRSP: How To Decide Between The Two" was originally published on MoneySense on October 2, 2018. Here are five factors to consider when making your choice Q: I have a question about RRSPs and TFSAs. My average income is $100,000. Which account I...

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How To Help A Parent Invest In Their 80s

How To Help A Parent Invest In Their 80s

The article "How To Help A Parent Invest In Their 80s" was originally published on MoneySense on September 25, 2018. Beth is trying to help her mother decide what to do with the sale proceeds of her house Q: My elderly mother, 83, just sold the family home for...

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Tax Withholding On RRIF Withdrawals

Tax Withholding On RRIF Withdrawals

The article "Tax Withholding On RRIF Withdrawals" was originally published on MoneySense on September 18, 2018. Bob is concerned about the tax withholding on his RRIF withdrawals. He's not sure he's drawing down his investments properly. Q: I am a widower, 80 years...

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Do You Really Need An RRSP To Retire?

Do You Really Need An RRSP To Retire?

The article "Do You Really Need An RRSP To Retire?" was originally published on MoneySense on September 5, 2018. Riza is worried about retiring without an RRSP. But do you even need one? Q: What will happen if I retire and I don't have an RRSP? —Riza A: The Registered...

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Is It Okay To Retire With Debt?

Is It Okay To Retire With Debt?

The article "Is It Okay To Retire With Debt?" was originally published on MoneySense on August 28, 2018. Steve has debt but also has a generous DB pension. Should he retire? Q: I am eligible for retirement at age 57, as I have 30 years of service. I am now...

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Are RRSP Contributions Worth It At Age 70?

Are RRSP Contributions Worth It At Age 70?

The article "Are RRSP Contributions Worth It At Age 70?" was originally published on MoneySense on August 14, 2018. Q: We are a retired couple getting very close to converting RSPs to a RIF (my husband has one more year). We have a substantial capital gain to report...

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Investments To Use For A Down Payment On A House

Investments To Use For A Down Payment On A House

The article "Investments To Use For A Down Payment On A House" was originally published on MoneySense on August 8, 2018. RRSP or TFSA? Likely, it'll be both Q: My son has money in an RRSP (mutual fund) and TFSA (cash sitting in account) and he buys a condo this year....

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Simplify Your Investments To Save On Estate Tax

Simplify Your Investments To Save On Estate Tax

The article "Simplify Your Investments To Save On Estate Tax" was originally published on MoneySense on August 1, 2018. William wants to plan his estate so that it is as seamless as possible for his children when he passes away Q: I am a 72-year old divorced male with...

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Can You Receive CPP Benefits From Two Partners?

Can You Receive CPP Benefits From Two Partners?

The article "Can You Receive CPP Benefits From Two Partners?" was originally published in MoneySense on July 24, 2018. Twice the split CPP? It's possible, to an extent. Q: Can I get CPP from a common law partner if he dies, even though I receive CPP from a divorced...

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Do Canadian Expats Have To Pay Income Tax?

Do Canadian Expats Have To Pay Income Tax?

The article "Do Canadian Expats Have To Pay Income Tax?" was originally published on MoneySense on July 17, 2018. Taxation is based on residency, but expats coming back should watch out Q: I am Canadian citizen living in Pakistan since 2002. I have no home or family...

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How To Earn A Risk-Free 4% Annual Return

How To Earn A Risk-Free 4% Annual Return

The article "How To Earn A Risk-Free 4% Annual Return" was originally published on MoneySense on July 3, 2018. This reader doesn't want to put her capital at risk. But there may be a few things she hasn't considered. Q: I am a widow with $300,000. How realistic is it...

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Can You Inherit A TFSA Tax-Free?

Can You Inherit A TFSA Tax-Free?

The article "Can You Inherit A TFSA Tax-Free?" was originally published on MoneySense on June 27, 2018. Linda wants to know if there are any tax or probate fee implications when you inherit a TFSA Q: Is the money from a TFSA tax free as an inheritance? Any probate...

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Can You Get Survivor Benefits From An Ex-Spouse?

Can You Get Survivor Benefits From An Ex-Spouse?

The article "Can You Get Survivor Benefits From An Ex-Spouse?" was originally published on MoneySense on June 19, 2018. That may depend on whether you're separated or divorced Q: Your article prompted me to think about my pension lost to my ex-wife, whom I very...

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How Cottage Renos Can Reduce Your Capital Gains

How Cottage Renos Can Reduce Your Capital Gains

The article "How Cottage Renos Can Reduce Your Capital Gains" was originally published on MoneySense on June 12, 2018. Phylis and her son own a cottage together. She wants to understand the future tax and estate planning implications. Q: My son and I have purchased...

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What To Do When Your Withholding Tax Is Too Low

What To Do When Your Withholding Tax Is Too Low

The article "What To Do When Your Withholding Tax Is Too Low" was originally published on MoneySense on June 5, 2018. Kersten is worried she'll have a big tax liability next spring Q: I retired at 55 and I am collecting my full teaching pension. I have recently...

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Work Abroad? Your Income Is Fair Game For The CRA.

Work Abroad? Your Income Is Fair Game For The CRA.

The article "Work Abroad? Your Income Is Fair Game For The CRA." was originally published on MoneySense on May 8, 2018. To avoid this, you need to break ties with Canada Q: I am a permanent resident of Canada. I live here with my kids. My husband works in Dubai. He is...

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Should I Raid My RRSP To Pay Off My Line Of Credit?

Should I Raid My RRSP To Pay Off My Line Of Credit?

The article "Should I Raid My RRSP To Pay Off My Line Of Credit?" was originally published on MoneySense on May 6, 2018. It's tempting to cash out RRSPs but watch out for the tax bite Q. My wife and I currently have a mortgage of $297,000. On top of that we've had to...

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How To Reinstate OAS After It’s Clawed Back

How To Reinstate OAS After It’s Clawed Back

The article "How To Reinstate OAS After It's Clawed Back" was originally published on MoneySense on May 1, 2018. There is a form to fill out, but it's entirely optional Q: My father's OAS was completely clawed back last year because his net income for 2016 was well...

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The Benefits And Flexibility Of Family RESPs

The Benefits And Flexibility Of Family RESPs

The article "The Benefits And Flexibility Of Family RESPs" was originally published on MoneySense on April 25, 2018. Grants and growth can be allocated amongst any beneficiaries of the plan Q: Can you write an article on how family RESPs work once the oldest children...

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Why Incorporation Isn’t Always A Magical Tax Fix

Why Incorporation Isn’t Always A Magical Tax Fix

The article "Why Incorporation Isn't Always A Magical Tax Fix" was originally published on MoneySense on April 18, 2018. Sandie's wife has a small business she plans to run for the next few years. Is she better off incorporating her business or not?   Q: My wife...

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Should We Take Dad’s Money Now To Avoid Probate?

Should We Take Dad’s Money Now To Avoid Probate?

The article "Should We Take Dad's Money Now To Avoid Probate?" was originally published on MoneySense on April 10, 2018. Hold your horses! It's not your money just yet… Q: My mom just passed away. Everything went to my dad. My sister and I are trying to decide if we...

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Timing CPP And OAS With Workplace Pensions

Timing CPP And OAS With Workplace Pensions

The article "Timing CPP And OAS With Workplace Pensions" was originally published on MoneySense on March 28, 2018. Even if you expect a ‘bridge' payment from your DB pension, deferring CPP makes sense Q: My husband is retired military and will turn 60 this year. He's...

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Cutting Down Capital Gains Tax On Real Estate Sales

Cutting Down Capital Gains Tax On Real Estate Sales

The article "Cutting Down Capital Gains Tax On Real Estate Sales" was originally published on MoneySense on March 20, 2018. Defer RRSP contributions to mitigate taxes Q: Is there any real estate investment I could invest my capital gains in, without being robbed of...

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When To Watch Out For OAS Clawbacks

When To Watch Out For OAS Clawbacks

The article "When To Watch Out For OAS Clawbacks" was originally published on MoneySense on March 14, 2018. Working in retirement? Beware clawbacks. Q: I have been trying to find out how much extra income a person can earn without having to report the income while...

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RRSP Top-Ups In Retirement Could Cost You

RRSP Top-Ups In Retirement Could Cost You

The article "RRSP Top-Ups In Retirement Could Cost You" was originally published on MoneySense on March 7, 2018.   Remember: It's not worth saving $5,000 of tax today to pay $10,000 of tax tomorrow Q: I retired in May 2009 and was under the impression that I...

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