Objective Financial Partners Blog
Why Saving Too Much For Retirement Is Just As Risky As Saving Too Little
The article “Why Saving Too Much For Retirement Is Just As Risky As Saving Too Little” was originally published on Financial Post on May 22, 2019. Only 20 per cent of 65-year old Canadians will live for 30 years — and that means their money will far outlive them Professional…
Can Canadian Seniors Collect Government Benefits While Still Working?
The article “Can Canadian Seniors Collect Government Benefits While Still Working?” was originally published on MoneySense on May 21, 2019. Rose is transitioning to semi-retirement at 65, and wonders about the tax and clawback implications of receiving CPP and OAS. Q. This fall, I will celebrate my 65th birthday, and plan…
Advice On Making Your First Home More Affordable
The article “Advice On Making Your First Home More Affordable” was originally published on MoneySense on May 14, 2019. Irene and her partner want to buy a house with savings, some help from her dad and a mortgage from an alternative lender. What are the implications? Q. My partner and I…
Avoiding Future Interest Is One Way To Look At Your Return On Investment
The article “Avoiding Future Interest Is One Way To Look At Your Return On Investment” was originally posted on MoneySense on May 7, 2019. Should Vince cash out his medical pension to pay down his mortgage, or keep it as an indexed $400 per month for life? Q. I’m 47 years…
Tax Implications Of Making Transfers Between Registered Accounts
The article “Tax Implications Of Making Transfers Between Registered Accounts” was originally published on MoneySense on April 30, 2019. Suzanne transferred money from her LIRA to a LIF and her RRSP. Now she worries she’ll be taxed twice. Q. I had a locked-in pension, which I converted to a Life Income…
How To Handle Death Inside A Joint Investment Account
The article “How To Handle Death Inside A Joint Investment Account” was originally published on MoneySense on April 23, 2019. After Vee’s father passed away, her advisor made some transactions that she’s now questioning. Q. My father had two investment accounts open at a major bank, both non-registered, and held jointly…
For Common-Law Couples, Estate Planning Is Full Of Pitfalls. Here’s How To Avoid Some Of Them.
The article “For Common-Law Couples, Estate Planning Is Full Of Pitfalls. Here’s How To Avoid Some Of Them” was originally published on Financial Post on April 16, 2019. Couples who are common-law can have a unique set of financial planning challenges that differ from their longtime, first-marriage counterparts. Statistics show…
How To Calculate Capital Gains And Losses On Rental Property
The article “How To Calculate Capital Gains And Losses On Rental Property” was originally published on MoneySense on April 16, 2019. Chris’s rental property used to be his principal residence. After enduring some bad tenants, he’s looking to sell. Q. I am selling my rental property, which I lived in for…
An Easy Guide To Income Splitting For Seniors
The article “An Easy Guide To Income Splitting For Seniors” was originally published on MoneySense on April 10, 2019. Cindy and her husband are looking for strategies to help them save on taxes in retirement. Q. My husband and I are both retired. He still has income from his business, and…
The Ins And Outs Of Tax And Estate Planning For A RRIF
The article “The Ins And Outs Of Tax And Estate Planning For A RRIF” was originally published on MoneySense on April 3, 2019. 81-year old Lydia wants to minimize tax and maximize the estate value of her RRIF on death. Q: I’m 81, single, female, with around $265,000 in a RRIF…
Can I Have A Multi-Generational RESP?
The article “Can I Have A Multi-Generational RESP?” was originally published on MoneySense on March 26, 2019. If money is left over in your child’s RESP you can in theory use it for your future grandkid’s education, with some big caveats Q: I have an existing RESP for my children, but…
Meet The Budget’s New RRSP Strategy That Every Retiree Should Know About
The article “Meet The Budget’s New RRSP Strategy That Every Retiree Should Know About” was originally published in Financial Post on March 22, 2019. Called an ALDA, it and other annuities act as an insurance policy outliving your money As life expectancies have risen and interest rates have fallen, Canadians have…
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