Objective Financial Partners Blog
How to Apply for Probate of an Ontario Estate
When someone dies in Ontario, their investments, real estate, personal belongings, other assets, and debts make up their estate. Assets that are not held jointly with right of survivorship or that do not pass directly to named beneficiaries may require an estate trustee to obtain probate in order to distribute…
Can An Executor Borrow Money To Cover Probate Costs?
The article “Can an executor borrow money to cover probate costs?” was originally published in MoneySense on February 6, 2023 . Photo by Gary Barnes from Pexels. Executors have a few options when the estate has outstanding bills and no cash to cover probate fees. Find out what they are.…
How To Invest As A Teenager In Canada
The article “How to invest as a teenager in Canada” was originally published in MoneySense on February 1, 2023 . Photo by kefkenadasi from Getty Images. Birthday money burning a hole? Read our “investing for teens” guide for where to invest, how to buy stocks, what you need from your…
The Tax Implications Of Working Abroad For Residents and Non-Residents of Canada
The article “The tax implications of working abroad for residents and non-residents of Canada” was originally published in MoneySense on February 1, 2023 . Photo by Jopwell from Pexels. What taxes do you owe when working in another country if you’re a resident of Canada or have significant residential ties…
How To Use Income ETFs For Retirement Income
The article “How to use income ETFs for retirement income” was originally published in MoneySense on January 31, 2023 . Photo by Karolina Grabowska from Pexels. Are income ETFs the right choice for retirees? And should you place them in a life income fund that has minimum withdrawals? “I am…
Here’s What You Need To Know About Picking An Executor For Your Will
The article “Here’s what you need to know about picking an executor for your will” was originally published in Financial Post on January 26, 2023. Photo by Dzmitry Dzemidovich from Getty Images. Testators writing a will should consider whether the executors they are naming are the right people The most…
When Does The “Plus 1” Rule Apply To A Principal Residence?
The article “When does the “plus 1” rule apply to a principal residence?” was originally published in MoneySense on January 23, 2023 . Photo by Karolina Grabowska from Pexels. There are tax implications to inheriting a second property. But in certain circumstances, you can have two principal residences in the…
FP Answers: What Are The Pros And Cons Of Using A DRIP Account For Your Investments?
The article “What are the pros and cons of using a DRIP account for your investments?” was originally published in Financial Post on January 20, 2023. Photo by by Andrii Dodonov from Getty Images. Using DRIPs in a taxable account could have unintended long-term consequences Q: “What are the pros…
What is advice-only financial planning?
Advice-only financial planners provide a conflict-free second opinion that may be more detailed and comprehensive. Financial planning involves six primary areas: 1. Financial management 2. Investment planning 3. Insurance and risk management 4. Tax planning 5. Retirement planning 6. Estate planning and legal aspects Most financial planning advice in Canada…
Your TFSA Investing Strategies Will Need A Rethink In 2023
The article “Your TFSA investing strategies will need a rethink in 2023” was originally published in Financial Post on January 5, 2023. Photo by by ChristianChan from Getty Images Pro. A changed financial landscape means these four strategies might require a rethink Tax-free savings accounts have been a go-to savings vehicle…
A Strategy For Non-Registered and TFSA Accounts In Retirement
The article “A strategy for non-registered and TFSA accounts in retirement” was originally published in MoneySense on January 3, 2023 . Photo by Felicity Tai from Pexels. Between a TFSA and non-registered accounts, what is the most tax-effective way to withdraw to fund retirement? “I’ve got approximately $500,000 in non-registered…
Estate Planning and Trusts For A Beneficiary with a Disability
The article “Estate planning and trusts for a beneficiary with a disability” was originally published in MoneySense on December 28, 2022. Photo by Cliff Booth from Pexels. Estate planning and trusts for a beneficiary with a disability, what type of professional is best? “I am wondering who I would reach…
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