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 was partly the fault of your financial…

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 William_Potter from Getty Images. It’s been a difficult year for stock investors. Should you move into GICs or mortgage funds to invest for the long term? With…

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 about saving and investing for retirement. That is certainly a…

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 calculations. Here’s what you need to know before filing your mortgage…

The article “When should you withdraw money from your corporation to invest?” was originally published in MoneySense on October 3, 2022. Photo by Felicity Tai from Pexels. Is taking money out of a corporation to invest in RRSPs, TFSAs and real estate a good decision? What happens when you retire…

The article “Gifting a parent’s assets using a power of attorney” was originally published in MoneySense on September 26, 2022. Photo by Andrea Piacquadio from Pexels. As power of attorney, does it make sense to divide up a parent’s assets before their death? “I am hoping that someone can give…

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 financial implications?…

The article “Can a non-resident open an investment account in Canada?” was originally published in MoneySense on September 19, 2022. Photo by Vasily Kleymenov on Pexels. What are the options for investing as a non-resident of Canada? Which is better: an RRSP or a tax-sheltered account in another country? “I…

The article “Can you gift a farm to your kids to avoid taxes?” was originally published in MoneySense on September 12, 2022. Photo by Jake Heinemann on Pexels. The idea to gift property to a family member for a dollar to avoid tax is a common one. But can this…

The article “Should you buy real estate through a corporation?” was originally published in MoneySense on September 12, 2022. Photo by Pixabay on Pexels. It can make sense to purchase rental or vacation properties through a corporation, but often it’s simpler—and less risky from a tax perspective—to own the real…