Objective Financial Partners Blog
How Much Are Withholding Taxes On RRSPs And RRIFs?
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…
Here’s How To Accelerate Your Retirement Timeline, Without Taking On Too Much Risk
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…
Should You Borrow To Invest With The Smith Manoeuvre?
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…
FP Answers: How Should I Invest The $260,000 My Father Left Me In His Will?
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…
Where To Start Investing With ETFs In Your 20s
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…
The Tax Implications Of Owning Multiple Properties During Probate
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.…
Should You Loan Money To Someone Who Is House Rich And Cash Poor?
The article “Should you loan money to someone who is house rich and cash poor?” was originally published in MoneySense on May 17, 2022. Photo by Andrea Piacquadio from Pexels. Loaning money to someone who is house rich and cash poor requires some consideration. Even when it involves family. My…
The Tax Implications Of Transferring A Stock Between Spouses
The article “The tax implications of transferring a stock between spouses” was originally published in MoneySense on May 9, 2022. Photo by Vlada Karpovich from Pexels. Joe wants to transfer his 50% ownership of a stock he owns jointly with his wife to her. He is unsure of the tax…
For certified financial planner, lifetime of struggle holds lessons for others
The article “For certified financial planner, lifetime of struggle holds lessons for others” was originally published on https://www.wealthprofessional.ca/ on May 8, 2022. Photo by Jacub Gomez of Pexels International Women’s Day: CFP reflects on life-changing tragedy and how she took financial control This article was provided by Brenda Hiscock, of…
FP Answers: Am I On Track To Retire In 25 years If I Have $350,000 Saved Now?
The article “FP Answers: Am I on track to retire in 25 years if I have $350,000 saved now?” was originally published in Financial Post on May 6, 2022. Photo by Pixabay from Pexels. Q: I’m 40 years old and want to retire at age 65 with an after-tax net…
Buying A Home After Divorce
The article “Buying a home after divorce” was originally published in MoneySense on May 3, 2022. Photo by Andrea Piacquadio from Pexels. During a divorce, one or both spouses may move into new homes. A MoneySense reader has a question about her eligibility for home buyers’ tax credits. I have…
There’s An Upside To Higher Interest Rates, Despite The Pain To Borrowers
The article “There’s an upside to higher interest rates, despite the pain to borrowers” was originally published in Financial Post on May 2, 2022. Photo by Picas Joe from Pexels. One eventual benefit is that borrowers will have a more realistic monthly payment for their debts Interest rates have risen…
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