Objective Financial Partners Blog
Are Interest Payments Tax Deductible?
The article “Are interest payments tax deductible?” was originally published in MoneySense on August 9, 2021. Interest paid may be tax deductible under the right circumstances. Find out which scenario might apply to you. Taxpayers may be eligible to claim a tax deduction for interest paid on a loan or…
Can You Change Your Mind About Taking CPP Early?
The article “Can you change your mind about taking CPP early?” was originally published in MoneySense on August 3, 2021. Photo by Anna Shvets from Pexels. Rena started receiving Canada Pension Plan benefits at age 60 and wants to know if she can now defer the pension, or if other…
Divorce Over 50: Managing Your Finances If You Find Yourself Single In The Run-up To Retirement
The article “Divorce over 50: managing your finances if you find yourself single in the run-up to retirement” was originally published in MoneySense on July 28, 2021. Photo by Pavel Danilyuk from Pexels. “Grey divorce” is on the rise—and it can have significant financial impacts, from daily cash flow to…
New Rules Boost Financial Protection For Seniors, But Getting Them To Opt In Can Be A Delicate Process
The article “New rules boost financial protection for seniors, but getting them to opt in can be a delicate process” was originally published in Financial Post on July 27, 2021. CSA introduces trusted contacts, temporary holds on transactions for seniors and investors with diminished mental capacity. The Canadian Securities Administrators…
Can You Receive A Government Pension If You Live Outside Of Canada?
The article “Can you receive a government pension if you live outside of Canada?” was originally published on MoneySense on July 19, 2021. Photo by Frida Aguilar Estrada on Unsplash. Helen wants to know if her father can receive Old Age Security benefits, despite not living in Canada for many…
RESP Guide: Making The Shift From Saving For Your Child’s Post-Secondary Education, To Funding It.
The article “RESP guide: Making the shift from saving for your child’s post-secondary education, to funding it” was originally published on MoneySense on July 12, 2021. Photo by Zen Chung from Pexels. Parents may spend years contributing to Registered Education Savings Plans for their kids, but only realize when it’s…
Are You Entitled To Anything When Your Ex-spouse Dies?
The article “Are you entitled to anything when your ex-spouse dies?” was originally published on MoneySense on July 5, 2021. Photo by Teona Swift from Pexels. Ginette wonders if she can claim survivor benefits although she and her late former husband were no longer together. Q. My ex-husband died a month…
Here’s What You Need To Know If Your Retirement Is Riding On Your Rental Property Income.
The article “Here’s what you need to know if your retirement is riding on your rental property income” was originally published in Financial Post on July 2, 2021. Jason Heath: There are unique tax, cash flow, and estate planning considerations for landlords in retirement. A rental property funded with a…
What Happens To Real Estate When A Spouse Dies And Property Isn’t Held Jointly?
The article “What happens to real estate when a spouse dies and property isn’t held jointly?” was originally published on MoneySense on June 30, 2021. Photo by Elina Fairytale from Pexels. Barb’s mother is living in a house that was owned by her deceased father, and remains in the name…
A Guide To Spousal RRSPs For Married And Common-Law Partners
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…
What Tenants Need To Know About Buying Out Their Rental
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…
Tax Planning For Canadians Who Invest In The U.S.
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…
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