The article “A guide to spousal RRSPs for married and common-law partners” was originally published on MoneySense on June 21, 2021.  Photo created by gpointstudio – www.freepik.com. There are benefits, but also potential pitfalls, to beware of when considering contributions to your spouse or partner’s registered retirement savings plan. A…

The article “What tenants need to know about buying out their rental” was originally published on MoneySense on June 14, 2021.  Photo by cottonbro from Pexels. Douglas is considering buying the property he rents from his landlord. There are considerations and opportunities for everyone involved. Q. I live in an apartment…

The article “Tax planning for Canadians who invest in the U.S.” was originally published on MoneySense on June 10, 2021.  Photo by Karolina Grabowska from Pexels. There are good reasons for Canadians to invest in the U.S., including portfolio diversification. Just keep these tax-planning and compliance requirements in mind. It’s…

The article “When does it make sense to sell real estate in a larger city and buy in a smaller one?“ was originally published on MoneySense on May 31, 2021.  Photo by Shelagh Murphy from Pexels. If Alison’s annual rent exceeds 5% of the cost to buy a comparable home,…

The article “Estate planning changes in Ontario“ was originally published on MoneySense on May 25, 2021.  Photo created by pressfoto – www.freepik.com.   Estate planning changes in Ontario Virtual signing and remote witnessing are now permanent options for clients and lawyers creating wills and powers of attorney in Ontario. Here’s…

The article “IVF and adoption costs in Canada” was originally published on MoneySense on May 17, 2021.  Photo by Justin Groep on Unsplash.   Having kids can be expensive for every family—but for Canadians with fertility issues, there are added financial and non-financial costs.  Often, this column answers questions about…

The article “Selling your house? Here’s where to invest the proceeds” was originally published on MoneySense on May 14, 2021. What to do with the proceeds of a house sale, RRSPs and TFSAs? Invest. Here’s how robo-advisors might work. Q: My wife and I recently sold our house here in the…

The article “How to stop debt or pension payments after someone has died” was originally published on MoneySense on May 10, 2021. Jarnail’s son passed away recently, yet his student loan payments continue to be withdrawn. What should his next steps be? The difficult reality of losing a loved one…

Paul and his wife have a non-registered investment account and want to make sure they are reporting the income correctly on their tax returns. Q. My wife and I sold our home two years ago that was in both our names and we opened up a non-registered account in both our…

The article “New Investment Approaches For Risk-Averse Canadians” was originally published on MoneySense on April 28, 2021. Old-school investors may find the capital preservation techniques they have relied on in the past won’t work the same in the future. Bonds have long been the solution for investors seeking capital preservation…

The article “Where Do We Pay Income Tax If We Retire Abroad?” was originally published on MoneySense on April 20, 2021. There are tax implications in both countries if Marianna moves to Mexico full-time. Q. We’re thinking about moving to Mexico full-time when we retire. Where would we pay income tax…