Objective Financial Partners Blog
Principal Residence Exemption On Death And Capital Gains With Joint Tenancy
The article “Principal residence exemption on death and capital gains with joint tenancy” was originally published in MoneySense on March 9, 2022. Photo by Anastasia Shuraeva from Pexels. There are rules around capital gains on the sale of joint property in Canada. But how does death affect tax and probate…
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 in Wealth Professional on March 8, 2022. International Women’s Day: CFP reflects on life-changing tragedy and how she took financial control This article was provided by Brenda Hiscock, of Objective Financial Partners in Markham,…
What Happens To Your TFSA When You Die
The article “What happens to your TFSA when you die” was originally published in MoneySense on March 7, 2022. Photo by Pavel Danilyuk from Pexels. This is how a TFSA gets distributed in the event of a death, plus, info on making sure it is not subject to probate. I…
Should You Leave Corporate Savings In Your Company?
The article “Should you leave corporate savings in your company?” was originally published in MoneySense on March 1, 2022. Photo by Mikhail Nilov from Pexels. Chris has a lot of money saved in his corporate bank account and wants to take it out with the least amount of tax. I…
Calculating Expected Returns On The Sale Of Real Estate
The article “Calculating expected returns on the sale of real estate” was originally published in MoneySense on February 25, 2022. Photo created by freepik – www.freepik.com. Yan is selling his home and wants to know how to price it to ensure he turns a profit. How do I calculate the…
Business Owners, You Can – And Likely Should – Be Growing Your Corporate Savings
The article “Business owners, you can – and likely should – be growing your corporate savings” was originally published in Canadian Family Offices on February 24, 2022. Photo by Andrea Piacquadio from Pexels. Cash can be invested in stocks, funds or real estate and grow inside the corporation just like…
Cutting Down Capital Gains Tax On Real Estate Sales
The article “Cutting down capital gains tax on real estate sales” was originally published in MoneySense on February 23, 2022. Photo by Mart Production from Pexels. Defer RRSP contributions to mitigate taxes Is there any real estate investment I could invest my capital gains in, without being robbed of paying…
The RRSP Has Fallen From Grace, But There Are Still Plenty Of Good Reasons To Contribute
The article “The RRSP has fallen from grace, but there are still plenty of good reasons to contribute” was originally published in Financial Post on February 22, 2022. Photo by Kampus Production from Pexels. Jason Heath: Savers who ignore the RRSP’s benefits could be making a costly mistake Historically, February…
Corporate Investments For Retirees
The article “Corporate investments for retirees” was originally published in MoneySense on February 15, 2022. Photo by Andrea Piacquadio from Pexels. Retired with cash and investments in a corporation, and wondering how to withdraw with minimal tax implications? I’m not using my Canadian corporate company anymore. I’m 67, delaying CPP…
How To Find A Lost Life Insurance Policy
The article “How to find a lost life insurance policy” was originally published in MoneySense on February 8, 2022. Photo by Sofia Alejandra from Pexels. A death in the family is always stressful, but money can make it more so. Here’s expert advice for rights to a lost life insurance…
The Process Of Unlocking A LIRA Account In Canada
The article “The process of unlocking a LIRA account in Canada” was originally published in MoneySense on February 1, 2022. Photo by cottonbro from Pexels. What can you do? What can’t you do? Let’s clarify some conflicting online information about locked-in retirement accounts. Thank you for “How to get money out…
Four Key Things To Consider If You Are Planning To Retire This Year
The article “Four key things to consider if you are planning to retire this year” was originally published in Financial Post on February 1, 2022. When should you start CPP? What’s the best RRIF strategy? Here’s how to choose the option that best suits you. Some retirees exit the workforce…
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