Objective Financial Partners Blog
What Is Considered Day Trading In A TFSA
The article “What is considered day trading in a TFSA” was originally published in MoneySense on April 17, 2023. Photo by AlphaTradeZone from Pexels. The recent Ahamed v. The King decision by the Tax Court of Canada highlights risks for investors who trade frequently in their TFSAs, as well as…
Selling Stocks At A Loss In A TFSA: What It Means For Your Contribution Room
The article “Selling stocks at a loss in a TFSA: What it means for your contribution room” was originally published in MoneySense on April 10, 2023. Photo by Ketut Subiyanto from Pexels. Before holding speculative stocks in a TFSA, consider what reporting a capital loss means for your contribution room…
Ottawa Is Offering a 25-year, High-Interest GIC: It’s Called The Canada Pension Plan
The article “Ottawa is offering a 25-year, high-interest GIC: It’s called the Canada Pension Plan” was originally published in Financial Post on April 7, 2023. Photo by by Andrii Dodonov from Getty Images. Decision on when to apply for CPP becomes clearer when you think of it as an investment,…
FP Answers: What Are The Pros And Cons When Borrowing Money To Invest?
The article “What are the pros and cons when borrowing money to invest?” was originally published in Financial Post on April 6, 2023. Photo by khunkorn from khunkorn. You need a high risk tolerance, low investment fees and a long time horizon to make it worth considering Q: ” My…
Canada’s Budget 2023: What It Means For You and Your Family
The article “Canada’s Budget 2023: What it means for you and your family” was originally published in MoneySense on March 31, 2023. Photo by Nabil Saleh from Unsplash. The federal government’s 2023 budget proposes a national dental care plan, a grocery rebate, changes to registered accounts, and much more. Here’s…
Can Lucas and Shelby Afford To Give $100,000 To Each Of Their Kids For A First House?
The article “Can Lucas and Shelby afford to give $100,000 to each of their kids for a first house?” was originally published on the Globe and Mail on March 28th 2023 by Dianne Maley. Photo by by Sewcream from Getty Images. Lucas and Shelby are both teachers, earning a combined…
For Canadians Living Abroad, Is It Worth Investing In Foreign ETFs?
The article “For Canadians living abroad, is it worth investing in foreign ETFs?” was originally published in MoneySense on March 27, 2023 .Photo by Lukas Hartmann from Pexels. Canadians with extra savings overseas may wish to invest in foreign ETFs. However, there may be alternatives with less complex tax implications.…
Navigating Ontario Probate: Which Assets Require Probate and How to Minimize Costs
In this blog post, we will explore which assets require probate in Ontario and provide tips on how to minimize probate costs. Understanding the process and requirements are key for executors and beneficiaries to efficiently and accurately settle an estate.
Are Your Deposits At Canadian Financial Institutions Safe?
The article “Are your deposits at Canadian financial institutions safe?” was originally published in MoneySense on March 20, 2023 . Photo by Mizuno K from Pexels. The failure of Silicon Valley Bank has highlighted risks in the U.S. banking system. Should Canadians with large deposits at financial institutions be worried?…
Can You Use The Home Buyers’ Plan To Buy A Foreign Property?
The article “Can you use the Home Buyers’ Plan to buy a foreign property?” was originally published in MoneySense on March 13, 2023 . Photo by Ryutaro Tsukata from Pexels. Find out if you can use the RRSP home-buying program to purchase foreign property and the tax implications that come…
FP Answers: How Do I Determine When To Claim My Rental Condo Repairs As An Expense?
The article “How do I determine when to claim my rental condo repairs as an expense?” was originally published in Financial Post on March 10, 2023. Tima Miroshnichenko from Pexels. No general rule, but there are several factors to consider when timing a deduction claim Q: My wife Rita and…
The benefits and flexibility of family RESPs
The article “The benefits and flexibility of family RESPs” was originally published in MoneySense on March 10, 2023 . Photo by Pexels. Grants and growth can be allocated amongst any beneficiaries of the plan “Can you write an article on how family RESPs work once the oldest children start to…
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