Objective Financial Partners Blog
How Much To Take Out Of Your RRSP In Your 60s
The article “How much to take out of your RRSP in your 60s” was originally published in MoneySense on October 4, 2021. Photo by Marcus Aurelius from Pexels. Although RRSP withdrawals can be deferred no later than age 72, it may be necessary or advisable to make withdrawals before then.…
How To Figure Out Your Investment Fees
The article “How to figure out your investment fees” was originally published in MoneySense on September 28, 2021. Photo by Andrea Piacquadio from Pexels. John is unclear about what he’s paying his advisor, and cannot seem to get a straight answer. Q. I was wondering why there is no accounting in…
Financial Gifts: What You Need To Know Before Giving Money Or Investments
The article “Financial gifts: What you need to know before giving money or investments” was originally published in MoneySense on September 21, 2021. Photo by Marcus Aurelius from Pexels. We humans are wired for generosity: we feel joy and satisfaction when we give to others. What may not be as natural…
What To Expect (Financially) When You’re Expecting
The article “What to expect (financially) when you’re expecting” was originally published in Financial Post on September 20, 2021. Photo by Kristina Paukshtite from Pexels. New parents have a lot to learn and these financial considerations can help families feel a bit more prepared. I am a father of three…
How To Avoid OAS Clawback When You’ve Had A Temporary Increase In Income
The article “How to avoid OAS clawback when you’ve had a temporary increase in income.” was originally published in MoneySense on September 14, 2021. A one-time bump in Sam’s income triggered an Old Age Security benefit clawback, and he wants to know if there is a remedy. Q. I liquidated a…
Incorporated Business Owners: Should You Pay Yourself A Salary?
The article “Incorporated business owners: Should you pay yourself a salary?” was originally published in MoneySense on September 8, 2021. Photo by fauxels from Pexels. If you own an incorporated business, you can pay yourself a salary—but sometimes it’s the wrong choice. When it comes to their own compensation, a…
How To Minimize Tax And Maximize Impact When Passing Your Savings To The Next Generation
The article “How to minimize tax and maximize impact when passing your savings to the next generation” was originally published in Financial Post on August 30, 2021. Photo by N Voitkevich from Pexels. Jason Heath: If you have more money than you’ll need in retirement, consider putting these strategies to…
Transferring Employer Pensions To LIRAs, LIFs and RRSPs
The article “Transferring employer pensions to LIRAs, LIFs and RRSPs?” was originally published in MoneySense on August 30, 2021. Photo by Pavel Danilyuk from Pexels. Q. I have a new LIRA valued at $102,500 from leaving an old employer. Can I transfer this money to a LIF, then to an RRSP?…
FP Answers: How Do I Invest After I Have Topped Up My TFSA and RRSP?
The article “FP Answers: How do I invest after I have topped up my TFSA and RRSP?” was originally published by Julie Cazzin on August 27, 2021 in Financial Post. Photo by Mikhail Nilov from Pexels. Try these other strategies to minimize investment taxes if you have run out of…
Home Buyers: How Large Should Your Down Payment Be?
The article “Home buyers: How large should your down payment be?” was originally published in MoneySense on August 23, 2021. Photo by SHVETS production from Pexels. Is it best to maximize your down payment on a house or condo purchase, or keep some money to invest? When you buy a…
FP Answers: My Income Has Doubled And I Need To Learn How To Invest It Better. Help?
The article “FP Answers: My income has doubled and I need to learn how to invest it better. Help?” was originally published by Julie Cazzin with Brenda Hiscock on August 20, 2021 in Financial Post. Suddenly more than doubling your salary is exciting. But it can also bring more investment…
How Much Should You Withdraw From Your RRIF?
The article “How much should you withdraw from your RRIF?” was originally published in MoneySense on August 16, 2021. Sandy wants to deplete a registered retirement income fund by age 90 and wonders how much to take out each year. Q. I am 78 and have $330,000 in my RRIF account.…
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