by Jason Heath | Sep 14, 2021 | Jason Heath, MoneySense Magazine, News
The article “How to avoid OAS clawback when you’ve had a temporary increase in income.” was originally published in MoneySense on September 14, 2021. Photo by yerling villalobos on Unsplash. A one-time bump in Sam’s income triggered an Old Age Security...
by Jason Heath | Sep 8, 2021 | Jason Heath, MoneySense Magazine, News
The article “Incorporated business owners: Should you pay yourself a salary?” was originally published in MoneySense on September 8, 2021. Photo by fauxels from Pexels. If you own an incorporated business, you can pay yourself a salary—but sometimes it’s...
by Jason Heath | Aug 30, 2021 | Jason Heath, MoneySense Magazine, News
The article “Transferring employer pensions to LIRAs, LIFs and RRSPs?” was originally published in MoneySense on August 30, 2021. Photo by Pavel Danilyuk from Pexels. Q. I have a new LIRA valued at $102,500 from leaving an old employer. Can I transfer this...
by Jason Heath | Aug 23, 2021 | Jason Heath, MoneySense Magazine, News
The article “Home buyers: How large should your down payment be?” was originally published in MoneySense on August 23, 2021. Photo by SHVETS production from Pexels. Is it best to maximize your down payment on a house or condo purchase, or keep some money...
by Jason Heath | Aug 16, 2021 | Jason Heath, MoneySense Magazine, News
The article “How much should you withdraw from your RRIF?” was originally published in MoneySense on August 16, 2021. Sandy wants to deplete a registered retirement income fund by age 90 and wonders how much to take out each year. Q. I am 78 and have...
by Jason Heath | Aug 9, 2021 | Jason Heath, MoneySense Magazine, News
The article “Are interest payments tax deductible?” was originally published in MoneySense on August 9, 2021. Photo by Photo by Windows on Unsplash. Interest paid may be tax deductible under the right circumstances. Find out which scenario might apply to...
by Jason Heath | Aug 3, 2021 | Jason Heath, MoneySense Magazine, News
The article “Can you change your mind about taking CPP early?” was originally published in MoneySense on August 3, 2021. Photo by Anna Shvets from Pexels. Rena started receiving Canada Pension Plan benefits at age 60 and wants to know if she can now defer...
by Jason Heath | Jul 28, 2021 | Jason Heath, MoneySense Magazine, News
The article “Divorce over 50: managing your finances if you find yourself single in the run-up to retirement” was originally published in MoneySense on July 28, 2021. Photo by Pavel Danilyuk from Pexels. “Grey divorce” is on the rise—and it...
by Jason Heath | Jul 19, 2021 | Jason Heath, MoneySense Magazine, News
The article “Can you receive a government pension if you live outside of Canada?” was originally published on MoneySense on July 19, 2021. Photo by Frida Aguilar Estrada on Unsplash. Helen wants to know if her father can receive Old Age Security benefits,...
by Jason Heath | Jul 12, 2021 | Jason Heath, MoneySense Magazine, News
The article “RESP guide: Making the shift from saving for your child’s post-secondary education, to funding it” was originally published on MoneySense on July 12, 2021. Photo by Zen Chung from Pexels. Parents may spend years contributing to...
by Jason Heath | Jul 5, 2021 | Jason Heath, MoneySense Magazine, News
The article “Are you entitled to anything when your ex-spouse dies?” was originally published on MoneySense on July 5, 2021. Photo by Teona Swift from Pexels. Ginette wonders if she can claim survivor benefits although she and her late former husband were...
by Jason Heath | Jun 30, 2021 | Jason Heath, MoneySense Magazine, News
The article “What happens to real estate when a spouse dies and property isn’t held jointly?” was originally published on MoneySense on June 30, 2021. Photo by Elina Fairytale from Pexels. Barb’s mother is living in a house that was owned by her deceased...
