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...

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...

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...

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 article “How to leave money to your grandkids” was originally published in MoneySense on October 28, 2022. Photo by Ekaterina Shakharova on Unsplash. If you’re a grandparent and want to leave money to your grandchildren, here are tips on how best to do that. In my...

The article “Is an RRSP loan a good idea?” was originally published in MoneySense on October 28, 2022. Photo by pressfoto from freepik.com. Depending on which tax bracket you’re in and whether you have other debt, you might be better off simply directing what you...

The article “How do the RRSP contribution carry forward rules work?" was originally published in MoneySense on October 28, 2022. Photo by SHVETS production from Pexels. What are the rules about RRSP carry forwards? Should you ever contribute the full amount? "If I...

The article “Where do we pay income tax if we retire abroad?” was originally published in MoneySense on October 26, 2022. Photo by Mikhail Nilov from Pexels. There are tax implications in both countries if Marianna moves to Mexico full-time. Q. We’re thinking about...

The article “Could a line of credit impact my mortgage application?" was originally published in MoneySense on October 26, 2022. Photo by Sarandy Westfall on Unsplash. Line of credit payments and other non-mortgage debt are factored into mortgage affordability...

The article “Planning for retirement with little or no savings to draw on" was originally published in MoneySense on October 26, 2022. Photo created by pressfoto - www.freepik.com. Financial planning advice is often catered to wealthier Canadians. What can retirement...

The article “How to set financial goals that are realistic and achievable” was originally published in MoneySense on October 25, 2022. Photo by Engin Akyurt from Pexels. Goal setting is an important financial strategy, but the key is to set goals that are realistic,...

The article “My financial advisor overcontributed to my TFSA—now what?” was originally published in MoneySense on October 18, 2022. Photo by Cottonbro from Pexels. Overcontributing to a TFSA can be costly, especially if it goes unnoticed. What can you do if the error...

The article "Is now the time for a long-term investor to abandon stocks?" was originally published in MoneySense on October 12, 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...

The article "Financial planning in your 70s" was originally published in MoneySense on October 6, 2022. Photo created by rawpixel.com - www.freepik. Be mindful of these money concerns, even after retirement. When most people think about financial planning, they think...

The article "Could a line of credit impact my mortgage application?" was originally published in MoneySense on October 6, 2022. Photo by Sarandy Westfall on Unsplash. Line of credit payments and other non-mortgage debt are factored into mortgage affordability...

The article "Gifting a parent’s assets using a power of attorney" was originally published in MoneySense on September 26, 2022. Photo by fizkes from Shutterstock. As power of attorney, does it make sense to divide up a parent’s assets before their death? "I am hoping...

The article "Is a vacation home a good investment?" was originally published in MoneySense on September 20, 2022. Photo by Maria Orlova on Pexels. A cottage or other vacation property can provide a great way to unwind and spend time with family. But what are some of...

The article "Can a non-resident open an investment account in Canada?" was originally published in MoneySense on September 19, 2022. Photo by Philip Myrtorp on Unsplash. What are the options for investing as a non-resident of Canada? Which is better: an RRSP or a...

The article "Can you gift a farm to your kids to avoid taxes?" was originally published in MoneySense on September 12, 2022. Photo by Gregory Hayes on Unsplash. The idea to gift property to a family member for a dollar to avoid tax is a common one. But can this be...

The article "Should you buy real estate through a corporation?" was originally published in MoneySense on September 12, 2022. Photo by Sebastian Staines on Unsplash. It can make sense to purchase rental or vacation properties through a corporation, but often it's...

The article "Will you make money on your rental property?" was originally published in MoneySense on September 7, 2022. Photo by Timur Saglambilek on Pexels. Rental real estate has been a great investment for many Canadians. But how do you assess whether yours is...

The article "What time of year should you retire?" was originally published in MoneySense on September 6, 2022. Photo by Kampus Production from Pexels. When’s the best time to retire? The timing is not always up to you, but if you can choose, there may be an ideal...

The article "How to invest with spousal loans for Canadians—and how to pay it back" was originally published in MoneySense on August 30, 2022. Photo by Maria Lin Kim on Unsplash. There is plenty of advice on setting up a spousal loan for income splitting, but it’s...

The article "Do you have to split your estate evenly between your children?" was originally published in MoneySense on August 23, 2022. Photo by Askar Abayev from Pexels. Courts in some provinces can vary the distribution of an estate and override a last will and...