by Jason Heath | Nov 22, 2021 | Jason Heath, MoneySense Magazine, News
The article “Do RRIF beneficiaries pay tax?” was originally published in MoneySense on November 22, 2021. Photo by Polina Tankilevitch from Pexels. Is it possible to avoid tax as a RRIF beneficiary? Find out if timing could be an issue, as well as rules...
by Jason Heath | Nov 16, 2021 | Jason Heath, MoneySense Magazine, News
The article “Could a line of credit impact my mortgage application?” was originally published in MoneySense on November 16, 2021. Photo by Sarandy Westfall on Unsplash. Line of credit payments and other non-mortgage debt are factored into mortgage...
by Jason Heath | Nov 9, 2021 | Jason Heath, MoneySense Magazine, News
The article “Should you take RRSP withdrawals to pay down debt?” was originally published in MoneySense on November 9, 2021. Photo by Mikhail Nilov from Pexels. With a partner out of work, this reader is considering a RRSP withdrawal to try to reduce her...
by Jason Heath | Nov 2, 2021 | Jason Heath, MoneySense Magazine, News
The article “How to draw money out of your corporation in retirement” was originally published in MoneySense on November 2, 2021. Photo by Maria Lupan on Unsplash. When you have money saved in a corporation, retirement planning can be a little more...
by Jason Heath | Oct 28, 2021 | Jason Heath, MoneySense Magazine, News
The article “Affordability tips for first-time home buyers to securing a mortgage” was originally published in MoneySense on October 28, 2021. Photo by Jessica Bryant via Pexels. Irene and her partner want to buy a house with savings, some help from her...
by Jason Heath | Oct 19, 2021 | Jason Heath, MoneySense Magazine, News
The article “Reasons to consider early RRSP and RRIF withdrawals” was originally published in MoneySense on October 19, 2021. Photo by Mikhail Nilov from Pexels. I get a lot of reader-submitted questions about early RRSP and RRIF withdrawals and how much...
by Jason Heath | Oct 14, 2021 | Jason Heath, MoneySense Magazine, News
The article “Joint tenancy vs tenancy in common in Canada: Changing ownership of assets for married and common-law partners” was originally published in MoneySense on October 14, 2021. Photo by cottonbro from Pexels. The tax implications of changing land...
by Jason Heath | Oct 4, 2021 | Jason Heath, MoneySense Magazine, News
The article “How much to take out of your RRSP in your 60s” was originally published in MoneySense on October 4, 2021. Photo by Marcus Aurelius from Pexels. Although RRSP withdrawals can be deferred no later than age 72, it may be necessary or advisable to...
by Jason Heath | Sep 28, 2021 | Jason Heath, MoneySense Magazine, News
The article “How to figure out your investment fees” was originally published in MoneySense on September 28, 2021. Photo by Andrea Piacquadio from Pexels. John is unclear about what he’s paying his advisor, and cannot seem to get a straight answer. Q. I...
by Jason Heath | Sep 21, 2021 | Jason Heath, MoneySense Magazine, News
The article “Financial gifts: What you need to know before giving money or investments” was originally published in MoneySense on September 21, 2021. Photo by Marcus Aurelius from Pexels. We humans are wired for generosity: we feel joy and satisfaction...
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...
