The article “Can You Transfer Your Full Pension Into An RRSP?” was originally published on MoneySense on December 11, 2018. Margaret wants to know how to avoid losing some of her pension if she transfers it into an RRSP at retirement. Q: I would like to know if you can transfer all your…

The article “RRIFs And Income Splitting In The Year Of Death” was originally published on MoneySense on December 4, 2018. Gloria’s husband died recently. She’s looking for clarification on what happens with his RRIF and if and how she can split income with him in his year of death. Q: My…

The article “RESPs and Canadian Non-Residency” was originally published on MoneySense on November 27, 2018. Cara and her family are becoming non-residents of Canada. They want to know what this means for their RESP account. Q: We are moving overseas to New Zealand. I’m wondering what the implications are for our…

The article “Selling Your Home To Your Kids – For $1” was originally published on MoneySense on November 20, 2018. You need to consider if the savings for your child are worth the risk to you Q: I want to pass my principal residence where my son and I live to…

The article “Bleeding Your RRSP Dry To Save On Tax When You’re Dead” was originally published on MoneySense on November 13, 2018. Chris is retiring and living on CPP, OAS and her RRSP. She wonders if she should take more than the minimum withdrawal from her RRSP to save tax…

The article “Leaving An Inheritance For Your Grandchildren” was originally published on MoneySense on November 7, 2018. Dan’s mother wants to use some of the proceeds from her home sale to help her young grandchildren save for their future Q: My mother has just sold her home and is wanting to…

The article “How Low-Income, Single Seniors Can Plan For Retirement” was originally published on MoneySense on October 31, 2018. Diane is worried about the prospect of retiring on her own especially given her limited ability to save Q: I am a 52-year old divorced lady who is panic stricken about retirement.…

The article “Should You Incorporate A Business To Save On Taxes?” was originally published on MoneySense on October 23, 2018. Only if you can justify the initial and ongoing costs Q: I was recently let go from my job and am planning on starting a handyman business. I am toying with…

The article “Drawing Down Retirement Savings As A Single Senior” was originally published on MoneySense on October 16, 2018. What to do with pensions, RRSPs, TFSAs, CPP and OAS as a solo retiree Q: As I approach the early days of my retirement, I am considering various drawdown scenarios. I am…

The article “How To Decide When To Convert RRSPs To RIFFs” was originally published in MoneySense on October 9, 2018. Bart has three RRSP accounts and wants to know how his RRIF withdrawals are calculated Q: I have several (three) RRSPs, partially resulting from multiple employers over the years, partially due…

The article “TFSA vs RRSP: How To Decide Between The Two” was originally published on MoneySense on October 2, 2018. Here are five factors to consider when making your choice Q: I have a question about RRSPs and TFSAs. My average income is $100,000. Which account I should top up first?…

The article “How To Help A Parent Invest In Their 80s” was originally published on MoneySense on September 25, 2018. Beth is trying to help her mother decide what to do with the sale proceeds of her house Q: My elderly mother, 83, just sold the family home for $300,000. The…