by Jason Heath | Mar 22, 2021 | Jason Heath, MoneySense Magazine, News
The article “Maximizing Spousal RRSP Contributions In Your 70s” was originally published on MoneySense on March 22, 2021. Don wants to know exactly when is the cutoff for contributions in his wife’s case, and when to convert the savings to a registered...
by Jason Heath | Mar 15, 2021 | Jason Heath, MoneySense Magazine, News
The article “Should You Always Split Your Pension Income?” was originally published on MoneySense on March 15, 2021. Narayan wants to know the best ways to save income tax, given the disparity between his income and his wife’s. Q. Is it always advantageous...
by Jason Heath | Mar 8, 2021 | Jason Heath, MoneySense Magazine, News
The article “How To Invest Down Payment Funds While Timing The Real Estate Market” was originally published on MoneySense on March 8, 2021. Liz sold her home in anticipation of becoming an empty nester, but prices keep rising while she rents and waits to...
by Jason Heath | Mar 1, 2021 | Jason Heath, MoneySense Magazine, News
The article “Tax Implications Of Building A Laneway Suite” was originally published on MoneySense on March 1, 2021. Any time a homeowner becomes a landlord, there may be GST/HST and income tax owing—and the amounts can be quite large. Q. I read...
by Jason Heath | Feb 26, 2021 | Jason Heath, MoneySense Magazine, News
The article “You May Be Able To Claim These Commonly Overlooked Medical Expenses On Your Tax Return” was originally published on MoneySense on February 23, 2021. Several medical expenses are eligible for a tax credit. Here are a few Canadians should...
by Jason Heath | Feb 26, 2021 | Jason Heath, MoneySense Magazine, News
The article “How Do Mortgage Brokers Get Paid?” was originally published on MoneySense on February 27, 2021. Adil is about to close on a home purchase and is surprised that his mortgage broker is asking for a cash payment for the broker fee before the...
by Jason Heath | Feb 9, 2021 | Jason Heath, MoneySense Magazine, News
The article “Financial Planning In Your 70s” was originally published on MoneySense on February 9, 2021. Be mindful of these money concerns, even after retirement. When most people think about financial planning, they think about saving and investing for...
by Jason Heath | Feb 2, 2021 | Jason Heath, MoneySense Magazine, News
The article “When Are Tax-Deferred And Tax-Free Accounts Actually Taxable?” was originally published on MoneySense on February 2, 2021. A new investor, Tawheeda is looking for clarification on the tax payable on U.S. and Canadian stocks in her RRSP and...
by Jason Heath | Jan 25, 2021 | Jason Heath, MoneySense Magazine, News
The article “What To Consider If You Still Have RRSP Contribution Room” was originally published on MoneySense on January 25, 2021. With just weeks left before the contribution deadline, a Certified Financial Planner rounds up key facts and common RRSP...
by Jason Heath | Jan 18, 2021 | Jason Heath, MoneySense Magazine, News
The article “Capital Gains On Subdivided Land” was originally published on MoneySense on January 18, 2021. Devon was lucky enough to buy a lot that he was able to subdivide, sell some of the land and build a house on the rest. Does he owe tax? Q. Our...
by Jason Heath | Jan 11, 2021 | Jason Heath, MoneySense Magazine, News
The article “Financial Priorities For The New Year” was originally published on MoneySense on January 11, 2021. January is a good time to review your investments, tax and debt management planning. Here’s how to get started. The new year is often a time for...
by Jason Heath | Dec 21, 2020 | Jason Heath, MoneySense Magazine, News
The article “Can Life Insurance Be Used As A Fixed Income Investment?” was originally published on MoneySense on December 21, 2020. Emerging from a serious health scare, Dana wonders if she can use her life insurance to replace the bonds in her investment...
