The article “What To Do With A Monetary Advance On Your Inheritance” was originally published on MoneySense on May 28, 2019. Maureen’s husband wants to put a $200,000 gift from her parents toward their mortgage, but she isn’t convinced. Q. My amazing parents are downsizing and have decided to gift my…

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…

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…

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…

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…

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…

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…

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 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…

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…

The article “How To Avoid A Pension Clawback From A One-Time Event” was originally published on March 19, 2019. Mike wants to know what can be done to avoid a reduction in government pension income due to a one-time event. Q: Are you aware of the “one-time event” in the CPP…

The article “The Best Way To Transfer Investments To Your Spouse” was originally published on MoneySense on March 12, 2019. Dean has investments that he wants to transfer to his spouse. There are tax implications depending upon how the transfer occurs Q: Is there a way for me to transfer my…