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…

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 article “When is capital gains tax due on a cottage purchased in joint tenancy with two other people?” was originally published in Financial Post on February 24, 2023. Photo by Pixabay from Pexels. RRSP contributions are one way of reducing capital gains tax Q: “If a cottage is purchased…

The article “What are the pros and cons of using a DRIP account for your investments?” was originally published in Financial Post on January 20, 2023. Photo by by Andrii Dodonov from Getty Images. Using DRIPs in a taxable account could have unintended long-term consequences Q: “What are the pros…

The article “When should I add more GICs or bonds to my portfolio mix?” was originally published in Financial Post on December 2, 2022. Photo by energepic.com from Pexels. Some key investment tips on how to preserve capital while maintaining some fixed-income investments in your portfolio mix Q: “Do you…

The article “How can you avoid a big capital gains tax bill when you die?” was originally published in Financial Post on September 2, 2022. Photo by bongkarn thanyakij from Pexels. Adding a child’s name to your assets won’t accomplish your goal of reducing capital gains tax. Q: My wife Ava…

The article “What is the benefit of a graduated rate estate when doing estate planning?” was originally published in Financial Post on June 17, 2022. Photo by Olia Danilevich from Pexels. Here’s a little-known tax tip that could save your family money when doing estate planning Q: I am in…

The article “Can I save tax by transferring an investment property to a corporation?” was originally published in Financial Post on March 11, 2022. Photo by Kampus Productions from Pexels. The potential transfer of the property presents an opportunity to take back tax-free cash from your corporation. Q: Are there…

The article “FP Answers: How do I invest after I have topped up my TFSA and RRSP?” was originally published by Julie Cazzin on August 27, 2021 in Financial Post. Photo by Mikhail Nilov from Pexels. Try these other strategies to minimize investment taxes if you have run out of…