Objective Financial Partners Blog
Financial Contracts With Family
The article “Financial Contracts With Family” was originally published on MoneySense on June 2, 2015. Angela and her husband are buying out their in-laws’ home Q: My husband and I live with his parents to assist them with care and maintenance of their home. My father-in-law is an amputee and the…
House of Commons Standing Committee Brief
House of Commons Standing Committee on Finance Brief on Part 2 of Bill C-59, An Act to Implement Certain Provisions of the Budget Tabled in Parliament on April 21, 2015 and Other Measures. Click here for the official publication
Ready To Retire Without A Plan?
The article “Ready To Retire Without A Plan?” was originally published on MoneySense on May 26, 2015. You’re not alone. Here’s what you need to consider in terms of tax and investments Q: We are ready to retire within a few months. We are not sure how to handle our investments. We…
Why Don’t Canadians Have Emergency Funds Anymore?
The article “Why Don’t Canadians Have Emergency Funds Anymore?” was originally published on The Financial Post on May 26, 2015. It is frequently suggested that you should have a rainy day fund to cover three to six months of expenses. Based on the median Canadian family income of about $76,000 after-tax, a…
How To Choose A Retirement Date
The article “How To Choose A Retirement Date” was originally published on MoneySense on May 19, 2015. Don and his wife are worried that they will pay too much tax if they keep working and accumulating retirement savings Q: With $560,000 in RRSPs between my wife and I, $37,500 in TFSAs…
Why Living Off Your Dividends In Retirement May Be A Mistake
The article “Why Living Off Your Dividends In Retirement May Be A Mistake” was originally published on The Financial Post on May 14, 2015. Many Canadians dream of amassing a retirement fortune that can carry them effortlessly through their golden years. It’s one thing to dream about it, but how do you…
Capital Gains Tax: Selling Non-Registered Investments
The article “Capital Gains Tax: Selling Non-Registered Investments” was originally published on MoneySense on May 12, 2015. Sara’s fiancé is paying lots of tax on his non-registered investment income. And as time goes on, the tax to sell the investments continues to grow. What should he do? Q: My fiancé, 38, is…
How To Drain A RRIF
The article “How To Drain A RRIF” was originally published on MoneySense on May 5, 2015. Q: If one does not care to leave any RRIF capital for their heirs, one could spend and enjoy the RRIF returns and some capital every year until the capital is almost depleted by the expected age…
How to Build a Simple Do-It-Yourself Investment Portfolio
The article “How to Build a Simple Do-It-Yourself Investment Portfolio” was originally published on The Financial Post on May 4, 2015. More and more investors are managing their own investments or considering doing so. A J.D. Power survey found an increase of more than 50-per-cent in do-it-yourself investors from 2012 to 2013…
Scared to Spend Your Retirement Savings?
The article “Scared to Spend Your Retirement Savings?” was originally published on MoneySense on April 28, 2015. David is sitting pretty going into retirement but he’s reluctant to draw on his savings at all Q: I’m 56, have no debt, make about $78,000 a year and own my townhouse. I will have…
Joint Tenancy: How it Affects Capital Gains and Probate Fees
The article “Joint Tenancy: How it Affects Capital Gains and Probate Fees” was originally published on MoneySense on April 21, 2015. Kim did some estate planning with her mother to avoid capital gains tax and probate fees. But it only half-worked. Q: I have joint tenancy with my mother on two…
Financial Planner Without a Plan
The article “Financial Planner Without a Plan” was originally published on MoneySense on April 14, 2015. Despite having worked with several bank reps, George still doesn’t have a plan and it’s costing him dearly Q: I am a consultant and I am 62 years old. My wife is retired and is 60.…
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