Objective Financial Partners Blog
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Watch Out For These Three Potential Pitfalls When Planning Your RRSP Investments
A great deal of attention is focused on what to buy in your RRSP at this time of year. But what about the investments that you shouldn’t make? When it comes to what to avoid, there are three primary considerations: income tax, product selection and investment strategy. Here’s how to…
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How CPP Payouts Work When You Already Have A Pension
The article “How CPP Payouts Work When You Already Have A Pension” was originally published on MoneySense on February 16, 2016. Giselle is worried about how her CPP may be affected when she starts to receive her pension and withdraw from her RRSP Q: I am still working at age 63 and…
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Why Business Owners Shouldn’t Bother With An RRSP
The article “Why Business Owners Shouldn’t Bother With An RRSP” was originally published on The Financial Post on February 9, 2016. Although RRSPs are the most popular choice for Canadians and their retirement savings, they may not be the best choice — especially for business owners. Like many financial decisions, beware…
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Using A TFSA To Finance A Rental Property
The article “Using A TFSA To Finance A Rental Property” was originally published on MoneySense on February 9, 2016. Should Debra cash in her TFSA to buy a cottage or use the money for renovations? Q: My husband and I are both 60 years old and working full time. We’ve just made an offer…
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Managing Assets Under Power of Attorney
The article “Managing Assets Under Power of Attorney” was originally published on MoneySense on February 2, 2016. Watch out for tax implications and keep attribution in mind Q: My mother purchased a mutual fund in 1974. In 1994, my mother put my name on it so it could be passed to me without…
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How To Use Your RRSP To Invest In Real Estate
The article “How To Use Your RRSP To Invest In Real Estate” was originally published on The Financial Post on January 27, 2016. As the Canadian real estate market continues to rise, some investors want to put their RRSP money to work in a real estate investment. While there are limitations, there…
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Should You Invest or Pay Down Debt?
The article “Should You Invest or Pay Down Debt?” was originally published on MoneySense on January 26, 2016. Here’s what investors nearing retirement should consider Q: I have the following debt: Mortgage – $60,000 @ 2.5% variable rate Line of credit – $20,000 @ 5.7% variable rate Car loan – $24,000 @…
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Advice For Financial Advisers: Four Things to Remember When You Meet With Clients This RRSP Season
The article “Advice For Financial Advisers: Four Things to Remember When You Meet With Clients This RRSP Season” was originally published on The Financial Post on January 20, 2016. As RRSP season approaches, advisers tend to have lots of advice for would-be RRSP investors. What about a little RRSP advice for your…
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Selling A Cottage To A Family Member
The article “Selling A Cottage To A Family Member” was originally published on MoneySense on January 19, 2016. If the property was bought before 1994, there may already have a $100,000 capital gains deduction Q: I shared a cottage property with my brother. I sold my half to my niece. Do I have to…
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Don’t Set It and Forget It: How Your RRSP Strategy Should Change As You Age
The article “Don’t Set It and Forget It: How Your RRSP Strategy Should Change As You Age” was originally published on The Financial Post on January 13, 2016. A registered retirement savings plan is an ever-evolving tool. It serves different purposes depending on your age and stage. To help you navigate…
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How To Gift An RESP To A Child
The article “How To Gift An RESP To A Child” was originally published on MoneySense on January 12, 2016. Opening an education savings account for a grandkid, niece or nephew is possible – just make sure you do it right Q: Can an aunt, uncle or grandparent open an RESP or RRSP for…
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Are RRSPs Ever a Waste of Time?
The article “Are RRSPs Ever a Waste of Time?” was originally published on MoneySense on January 5, 2016. Not everyone needs to max out their RRSPs at all costs Q: I am a 38 year old school teacher and currently contributing to a bank RRSP. I will have a pension and am…
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