When someone dies in Ontario, their investments, real estate, personal belongings, other assets, and debts make up their estate. Assets that are not held jointly with right of survivorship or that do not pass directly to named beneficiaries may require an estate...
The article “Can an executor borrow money to cover probate costs?” was originally published in MoneySense on February 6, 2023 . Photo by Gary Barnes from Pexels. Executors have a few options when the estate has outstanding bills and no cash to cover probate...
The article “How to invest as a teenager in Canada” was originally published in MoneySense on February 1, 2023 . Photo by Creative Christians on Unsplash. Birthday money burning a hole? Read our “investing for teens” guide for where to invest, how to...
The article “The tax implications of working abroad for residents and non-residents of Canada” was originally published in MoneySense on February 1, 2023 . Photo by Jopwell from Pexels. What taxes do you owe when working in another country if you’re a resident...
The article “How to use income ETFs for retirement income” was originally published in MoneySense on January 31, 2023 . Photo by Karolina Grabowska from Pexels. Are income ETFs the right choice for retirees? And should you place them in a life income fund that...
The article “Here’s what you need to know about picking an executor for your will” was originally published in Financial Post on January 26, 2023. PHOTO BY GETTY IMAGES/ISTOCKPHOTO. Testators writing a will should consider whether the executors they...
The article “When does the “plus 1” rule apply to a principal residence?” was originally published in MoneySense on January 23, 2023 . Photo by Karolina Grabowska from Pexels. There are tax implications to inheriting a second property. But in certain...
The article “Your TFSA investing strategies will need a rethink in 2023” was originally published in Financial Post on January 5, 2023. PHOTO BY GETTY IMAGES/ISTOCKPHOTO. A changed financial landscape means these four strategies might require a rethink...
The article “A strategy for non-registered and TFSA accounts in retirement” was originally published in MoneySense on January 3, 2023 . Photo by Felicity Tai from Pexels. Between a TFSA and non-registered accounts, what is the most tax-effective way to withdraw...
The article “Estate planning and trusts for a beneficiary with a disability” was originally published in MoneySense on December 28, 2022. Photo by Cliff Booth from Pexels. Estate planning and trusts for a beneficiary with a disability, what type of professional...
The article “Is now the time for retirees to sell stocks and buy GICs?” was originally published in MoneySense on December 21, 2022. Photo by Mikhail Nilov from Pexels. Many people near or in retirement are worried about stock market volatility. Does it really...
The article “Is now the time for a long-term investor to abandon stocks?” was originally published in MoneySense on December 21, 2022. Photo by Jenny Ueberberg on Unsplash. It’s been a difficult year for stock investors. Should you move into GICs or mortgage...