Objective Financial Partners Blog
What Today’s Savers Can Learn From Today’s Seniors About Retirement Planning
The article “What Today’s Savers Can Learn From Today’s Seniors About Retirement Planning” was originally published on FInancial Post on May 23, 2018. One lesson: Smaller pensions or none at all mean Canadians probably aren’t saving enough Future retirees can learn a lesson from their elders by looking to current…
These Are The Situations When Contributing To An RRSP Isn’t Worth It
The article “These Are The Situations When Contributing To An RRSP Isn’t Worth It” was originally published on MoneySense on May 22, 2018. Julia has a DB pension and is maxing out her TFSA. Is an RRSP worth it for her? Q: I’m a teacher of 11 years, and I’m wondering…
How Much You Should Pay In Fees On Your Work Savings Plan
The article “How Much You Should Pay In Fees On Your Work Savings Plan” was originally published on MoneySense on May 21, 2018. Talk to your employer about lower-fee group savings options Q. I have been registered with an insurance company through my employer since 2001. At the present time, I…
Work Abroad? Your Income Is Fair Game For The CRA.
The article “Work Abroad? Your Income Is Fair Game For The CRA.” was originally published on MoneySense on May 8, 2018. To avoid this, you need to break ties with Canada Q: I am a permanent resident of Canada. I live here with my kids. My husband works in Dubai. He…
Spouses and Stocks: Is There A Way To Avoid Tax When Transferring Assets?
The article “Spouses and Stocks: Is There A Way To Avoid Tax When Transferring Assets?” was originally published on MoneySense on May 17, 2018. Beware of spousal attribution Q: I have a non-registered discount brokerage account containing stocks and mutual funds. If I wish to open a joint brokerage account in…
Should I Raid My RRSP To Pay Off My Line Of Credit?
The article “Should I Raid My RRSP To Pay Off My Line Of Credit?” was originally published on MoneySense on May 6, 2018. It’s tempting to cash out RRSPs but watch out for the tax bite Q. My wife and I currently have a mortgage of $297,000. On top of that…
How To Reinstate OAS After It’s Clawed Back
The article “How To Reinstate OAS After It’s Clawed Back” was originally published on MoneySense on May 1, 2018. There is a form to fill out, but it’s entirely optional Q: My father’s OAS was completely clawed back last year because his net income for 2016 was well above $120,000. For…
The Benefits And Flexibility Of Family RESPs
The article “The Benefits And Flexibility Of Family RESPs” was originally published on MoneySense on April 25, 2018. Grants and growth can be allocated amongst any beneficiaries of the plan Q: Can you write an article on how family RESPs work once the oldest children start to take money out of…
Why Incorporation Isn’t Always A Magical Tax Fix
The article “Why Incorporation Isn’t Always A Magical Tax Fix” was originally published on MoneySense on April 18, 2018. Sandie’s wife has a small business she plans to run for the next few years. Is she better off incorporating her business or not? Q: My wife and I are looking…
Should We Take Dad’s Money Now To Avoid Probate?
The article “Should We Take Dad’s Money Now To Avoid Probate?” was originally published on MoneySense on April 10, 2018. Hold your horses! It’s not your money just yet… Q: My mom just passed away. Everything went to my dad. My sister and I are trying to decide if we should…
Avoiding Tax And Probate When Passing Down A Rental Property
The article “Avoiding Tax And Probate When Passing Down A Rental Property” was originally published on MoneySense on April 3, 2018. Putting a child on the title of a rental house could be like playing a game of whack-a-mole Q: My husband and I would like to put my son on…
Solo Retirement Is On The Rise — Here’s How You Can Mitigate The Risks
The article “Solo Retirement Is On The Rise — Here’s How You Can Mitigate The Risks” was originally published on Financial Post on March 16, 2018. The three most important ways to minimize the chances of outliving your retirement savings are stocks, pensions and planning A survey released earlier this…
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