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

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 in MoneySense on February 23, 2022. Photo by Mart Production from Pexels. Defer RRSP contributions to mitigate taxes Is there any real estate investment I could invest my...

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Corporate Investments For Retirees

Corporate Investments For Retirees

The article "Corporate investments for retirees" was originally published in MoneySense on February 15, 2022. Photo by Andrea Piacquadio from Pexels. Retired with cash and investments in a corporation, and wondering how to withdraw with minimal tax implications? I’m...

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How To Find A Lost Life Insurance Policy

How To Find A Lost Life Insurance Policy

The article "How to find a lost life insurance policy" was originally published in MoneySense on February 8, 2022. Photo by Sofia Alejandra from Pexels. A death in the family is always stressful, but money can make it more so. Here’s expert advice for rights to a lost...

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The Process Of Unlocking A LIRA Account In Canada

The Process Of Unlocking A LIRA Account In Canada

The article "The process of unlocking a LIRA account in Canada" was originally published in MoneySense on February 1, 2022. Photo by cottonbro from Pexels. What can you do? What can’t you do? Let’s clarify some conflicting online information about locked-in retirement...

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How To Leave Money To Your Grandkids

How To Leave Money To Your Grandkids

The article "How to leave money to your grandkids" was originally published in MoneySense on December 28, 2021. Photo by Ekaterina Shakharova on Unsplash. In my experience, most people leave their entire estate to their children. But you can name other people to...

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CPP vs RRSP: Can You Transfer Your CPP To An RRSP?

CPP vs RRSP: Can You Transfer Your CPP To An RRSP?

The article "CPP vs RRSP: Can you transfer your CPP to an RRSP?" was originally published in MoneySense on December 20, 2021.Photo by Karolina Grabowska from Pexels. Is it possible to transfer CPP to RRSP? The answer is a quick one, but there’s more to an CPP and...

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What Are The Tax Benefits Of Donating To Charity?

What Are The Tax Benefits Of Donating To Charity?

The article "What are the tax benefits of donating to charity?" was originally published in MoneySense on December 14, 2021.Photo by RODNAE Productions from Pexels. ’Tis the season for giving and some may be wondering how donating to charity saves tax on your tax...

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How To Invest As A Teenager In Canada

How To Invest As A Teenager In Canada

The article "How to invest as a teenager in Canada" was originally published in MoneySense on November 29, 2021. Photo by Creative Christians on Unsplash.   Birthday money burning a hole? Read our "investing for teens" guide for where to invest, how to buy...

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Do RRIF Beneficiaries Pay Tax?

Do RRIF Beneficiaries Pay Tax?

The article "Do RRIF beneficiaries pay tax?" was originally published in MoneySense on November 22, 2021. Photo by Polina Tankilevitch from Pexels. Is it possible to avoid tax as a RRIF beneficiary? Find out if timing could be an issue, as well as rules around...

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Should You Take RRSP Withdrawals To Pay Down Debt?

Should You Take RRSP Withdrawals To Pay Down Debt?

The article "Should you take RRSP withdrawals to pay down debt?" was originally published in MoneySense on November 9, 2021. Photo by Mikhail Nilov from Pexels. With a partner out of work, this reader is considering a RRSP withdrawal to try to reduce her mortgage...

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Reasons To Consider Early RRSP And RRIF Withdrawals

Reasons To Consider Early RRSP And RRIF Withdrawals

The article "Reasons to consider early RRSP and RRIF withdrawals" was originally published in MoneySense on October 19, 2021. Photo by Mikhail Nilov from Pexels. I get a lot of reader-submitted questions about early RRSP and RRIF withdrawals and how much to take out....

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How Much To Take Out Of Your RRSP In Your 60s

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 October 4, 2021. 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...

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How To Figure Out Your Investment Fees

How To Figure Out Your Investment Fees

The article "How to figure out your investment fees" was originally published in MoneySense on September 28, 2021. Photo by Andrea Piacquadio from Pexels. John is unclear about what he’s paying his advisor, and cannot seem to get a straight answer. Q. I was wondering...

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Home Buyers: How Large Should Your Down Payment Be?

Home Buyers: How Large Should Your Down Payment Be?

The article "Home buyers: How large should your down payment be?" was originally published in MoneySense on August 23, 2021. Photo by SHVETS production from Pexels. Is it best to maximize your down payment on a house or condo purchase, or keep some money to invest?...

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How Much Should You Withdraw From Your RRIF?

How Much Should You Withdraw From Your RRIF?

The article "How much should you withdraw from your RRIF?" was originally published in MoneySense on August 16, 2021. Sandy wants to deplete a registered retirement income fund by age 90 and wonders how much to take out each year. Q. I am 78 and have $330,000 in my...

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Are Interest Payments Tax Deductible?

Are Interest Payments Tax Deductible?

The article "Are interest payments tax deductible?" was originally published in MoneySense on August 9, 2021.  Photo by Photo by Windows on Unsplash. Interest paid may be tax deductible under the right circumstances. Find out which scenario might apply to you....

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Can You Change Your Mind About Taking CPP Early?

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...

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Tax Planning For Canadians Who Invest In The U.S.

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...

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Estate Planning Changes In Ontario

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...

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IVF And Adoption Costs In Canada

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...

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New Investment Approaches For Risk-Averse Canadians

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...

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How Financially Viable Is Your Rental Property?

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...

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Marriage Or Mortgage: Which Is The Better Investment?

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...

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Maximizing Spousal RRSP Contributions In Your 70s

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...

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Should You Always Split Your Pension Income?

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...

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Tax Implications Of Building A Laneway Suite

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...

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How Do Mortgage Brokers Get Paid?

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...

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Financial Planning In Your 70s

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....

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Capital Gains On Subdivided Land

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...

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Financial Priorities For The New Year

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...

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Halal Investing in Canada

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...

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Ways To “Unlock” Retirement Savings In A LIRA

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...

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Unique Ideas For Your Last Will and Testament

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...

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Managing Tax In A “Tenancy In Common” Situation

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...

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Financial Literacy For Seniors

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...

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How Does Assisted Dying Impact Survivor Pensions?

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...

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Potential Tax Changes Due To COVID-19

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...

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Should You Sell Your Home To Your Kids?

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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Should You Hold Your Mortgage Inside Your RRSP?

Should You Hold Your Mortgage Inside Your RRSP?

The article "Should You Hold Your Mortgage Inside Your RRSP?" was originally published on MoneySense on September 29, 2020. Yvonne wants to know how she can use her RRSP to reduce the mortgage on her current home, or to help with the purchase of a second property....

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Should You Buy Real Estate Through A Corporation?

Should You Buy Real Estate Through A Corporation?

The article "Should You Buy Real Estate Through A Corporation?" was originally published on MoneySense on September 25, 2020. It can make sense to purchase rental or vacation properties through a corporation, but often it's simpler—and less risky from a tax...

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What Does A Fee-Only Financial Planner Do, Exactly?

What Does A Fee-Only Financial Planner Do, Exactly?

The article "What Does A Fee-Only Financial Planner Do, Exactly?" was originally published on MoneySense on September 15, 2020. And if they don't sell any financial products, how do fee-only planners get paid? Q. How do you make money, Jason, if you don't sell any...

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Should You Buy A Vacation Property?

Should You Buy A Vacation Property?

The article "Should You Buy A Vacation Property?" was originally published on MoneySense on August 24, 2020. A cottage or other vacation property can provide a great way to unwind and spend time with family. But what are some of the financial implications? The...

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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