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Are Fees Payable For Acting As A Power Of Attorney?

By Jason Heath - July 19, 2022

The article “Are fees payable for acting as a power of attorney?” was originally published in MoneySense on July 19, 2022. Photo by Kaboompics.com from Pexels Can you be paid for a role as an attorney for property, in particular, after the position has already been resigned? Can a fee…

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What The Bank Of Mom And Dad Should Consider When Dispensing Money — Especially If It Might Want To Be Paid Back Someday

By Jason Heath - July 4, 2022

The article “What the Bank of Mom and Dad should consider when dispensing money — especially if it might want to be paid back someday” was originally published in Financial Post on July 4, 2022. Photo by RDNE Stock project from Pexels. Jason Heath: There are income tax, family law…

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Should I Sell And Rent Or Get A Reverse Mortgage?

By Jason Heath - July 4, 2022

The article “Should I sell and rent or get a reverse mortgage?” was originally published in MoneySense on July 4, 2022. Photo by Alex P from Pexels. What to consider before selling your home or getting a reverse mortgage. The math reveals the real costs for retirees. I’m an 82-year-old…

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What Are The Taxes On Transferring Real Estate To Your Kids?

By Jason Heath - June 27, 2022

Joan and her partner own the condo her son lives in, but they want to transfer ownership to him. What are the tax implications? We purchased a condo for our son, who has been using it as his principal residence for over 10 years. He has made improvements, but the…

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Capital Gains, Taxes And More: The Implications Of Inheriting Real Estate

By Jason Heath - June 20, 2022

The article “Capital gains, taxes and more: The implications of inheriting real estate” was originally published in MoneySense on June 20, 2022. Photo Greta Hoffman from Pexels. There are tax, estate and other implications when inheriting real estate, even from family. I’ve been reading a lot of articles on how…

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What Is The Benefit Of A Graduated Rate Estate When Doing Estate Planning?

By Andrew Dobson - June 17, 2022

The article “What is the benefit of a graduated rate estate when doing estate planning?” was originally published in Financial Post on June 17, 2022. Photo by Olia Danilevich from Pexels. Here’s a little-known tax tip that could save your family money when doing estate planning Q: I am in…

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How Much Are Withholding Taxes On RRSPs And RRIFs?

By Jason Heath - June 13, 2022

The article “How much are withholding taxes on RRSPs and RRIFs?” was originally published in MoneySense on June 13, 2022. Photo by Mikhail Nilov from Pexels. Anne wants to take extra RRIF withdrawals beyond her annual minimum amount and is worried about the tax implications. I need to withdraw $6,600…

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Here’s How To Accelerate Your Retirement Timeline, Without Taking On Too Much Risk

By Jason Heath - June 6, 2022

The article “Here’s how to accelerate your retirement timeline, without taking on too much risk” was originally published in Financial Post on June 6, 2022. Photo by Andrea Piacquadio from Pexels. Jason Heath: Those approaching retirement can consider these strategies to shave time off their financial independence date According to…

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Should You Borrow To Invest With The Smith Manoeuvre?

By Jason Heath - June 6, 2022

The article “Should you borrow to invest with the Smith Manoeuvre?” was originally published in MoneySense on June 6, 2022. Photo by Andrea Piacquadio from Pexels. Warren is trying to crunch the numbers on borrowing to invest using a strategy often referred to as the Smith Manoeuvre. Do you know…

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FP Answers: How Should I Invest The $260,000 My Father Left Me In His Will?

By Brenda Hiscock - June 3, 2022

The article “How should I invest the $260,000 my father left me in his will?” was originally published in Financial Post on June 3, 2022. Photo by Mikhail Nilov from Pexels. Both debt repayment and investing are good options, financial planner says Q: I’m 52 years old, married and have…

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Where To Start Investing With ETFs In Your 20s

By Jason Heath - May 30, 2022

The article “Where to start investing with ETFs in your 20s” was originally published in MoneySense on May 30, 2022. Photo by Andrea Piacquadio from Pexels. Learning about investing in your 20s can be as fun as it is challenging. Here are some thought-starters. I want to help my 20-year-old…

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The Tax Implications Of Owning Multiple Properties During Probate

By Jason Heath - May 24, 2022

The article “The tax implications of owning multiple properties during probate” was originally published in MoneySense on May 24, 2022. Photo by Erik Mclean from Pexels. When a spouse passes away, what are the tax, probate and mortgage implications for multiple properties? My husband passed away in January this year.…

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