Objective Financial Partners Blog
Owning Canadian Stocks As A U.S. Resident
The article “Owning Canadian Stocks As A U.S. Resident” was originally published on Moneysense on November 14, 2017. What are the capital gains consequences? Q: I live in the USA but still have some stocks in a Canada brokerage. If I should sell them what is the capital gains I pay since…
LIRA Regrets
The article “LIRA Regrets” was originally published on MoneySense on November 14, 2017. This woman’s husband transferred his workplace pension to a high-fee LIRA and is looking for a smarter solution Q: My husband worked for a municipality and when he left we transferred the money into a LIRA. I’ve realized…
How To Choose The Right Insurance
The article “How To Choose The Right Insurance” was originally published on MoneySense on October 31, 2017. Tara isn’t sure if mortgage, life or disability insurance is the right way to go for her and her husband. Q: My husband is 57 and I am 45. I am currently a stay…
REIT Investing: The Risks of Chasing Returns
The article “REIT Investing: The Risks of Chasing Returns” was originally published on MoneySense on October 24, 2017. This reader is happy with his real estate returns but not with his other equities. Should he transfer to REITs? Not so fast. Q: My wife and I are both retired. She is…
Planning Through Salary Swings
The article “Planning Through Salary Swings” was originally published on MoneySense on October 18, 2017. How to best plan given uncertain income Q: My income fluctuates quite widely from year to year. How do I plan for this and how do I handle the tax implications of such income swings? —David A: Yours…
Why Singling Out Business Owners Is Good Politics, But Bad Tax Policy
The article “Why Singling Out Business Owners Is Good Politics, But Bad Tax Policy” was originally published on Financial Post on October 11, 2017. Jason Heath: The proposed tax changes miss the mark if the Liberals truly want wealthy Canadians to pay more Let me start by confessing that I am…
Disability Tax Credit: Are You Missing Out On This Misunderstood Tax Credit?
The article “Disability Tax Credit: Are you missing out on this misunderstood tax credit?” was originally published in RetireHappy on October 10, 2017. Though many are aware that the disability tax credit is available for those who suffer from a “severe or prolonged physical or mental impairment,” many taxpayers may…
The Best Way To Use Your RRSP To Invest In Real Estate
The article “The Best Way To Use Your RRSP To Invest In Real Estate” was originally published on MoneySense on October 10, 2017. Avoid the risk of real estate investing by considering these options Q: What investments are eligible inside an RRSP? How do I use the funds in my RRSP…
100 Is The New 80 And Your Financial Plan Needs To Reflect That
The article “100 Is The New 80 And Your Financial Plan Needs To Reflect That” was originally published on Financial Post on October 3, 2017. Time to face the fact that Canadians are living longer. Can you afford it? Canadians are living longer. In fact, half of Canadian babies born…
RRSP Withdrawals In Your 40’s
The article “RRSP Withdrawals In Your 40’s” was originally published on MoneySense on October 3, 2017. Converting to a RRIF might be more trouble than it’s worth Q: I’m a federal government employee and was thinking about take some time and using my RRSPs to live on during that time (1…
Why Adding Your Kids To The House Title Will Cost You
The artcile “Why Adding Your Kids To The House Title Will Cost You” was originally published on MoneySense on September 26, 2017. It seems to be common practice for seniors to add the kids to ownership of a house. I’m not sure why. Q: My parents have both of their names…
What Taxes Do My LIRA Beneficiaries Have To Pay?
The article “What Taxes Do My LIRA Beneficiaries Have To Pay?” was originally published on MoneySense on September 19, 2017. Be aware of tax bills Q: Is the tax rate on a LIRA the same as the RRIF if I die and the beneficiaries are my children? —Brian A: First, Brian, I…
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