The eligibility for the credit is based on your age, sources of income and tax payable The article “Do I Qualify For The Pension Tax Credit?” was originally published on MoneySense on May 31, 2016. Q: This is a question about the $2,000 pension income tax credit. If I transfer RRSP…

A high-interest savings account is great, but if you’re willing to stray from the safety net, there are potentially more lucrative options The article “What To Do With Your Extra Cash” was originally published on MoneySense on May 24, 2016. Q: I am turning 30 this year and make around $60,000…

After the death of her spouse and having left her job due to her health, Georgia is left wondering—what’s next? The article “Finding Your Financial Footing” was originally published on MoneySense on May 17, 016. Q: A little over 3 years ago, I became a widow very unexpectedly with two kids. About…

You can jointly own assets in two ways. Remember, each has different estate planning and tax implications The article “Joint Tenancy vs. Tenants In Common” was originally published on MoneySense on May 10 2016. Q: What is the difference between “joint tenancy” and “joint ownership”? Some years ago my husband and…

Patricia is trying to figure out how best to maximize her retirement income with the least amount of tax payable The article “How To Boost Your Retirement Income” was originally published on MoneySense on May 3rd, 2016. Q: My husband and I are retired and turning 63 and 60 this year.…

The article “Recovering From Bad Home Buyers’ Plan Advice” was originally published on MoneySense on April 28, 2016. Scott got incorrect tax advice and now he’s trying to figure out the best way to fix things on his tax return Q: I am totally disappointed with my investment advisor’s advice in…

The article “Capital Gains When Selling Property To Family” was originally published on MoneySense on April 19, 2016. Johanna sold a property to her sister for a bargain price. Does that mean she pays less tax? Q: Do I have to pay income tax if I inherited a property jointly with my…

The article “Should I Have Life Insurance In Retirement?” was originally published on MoneySense on April 12, 016. George isn’t sure if his $100 monthly insurance premiums are better off in a savings account Q: I am 59 and mostly retired. My wife and I both have life insurance policies which are costing…

The article “How To Pay Less Tax On Your RRSP Withdrawals” was originally published on MoneySense on April 5, 2016. Shaune is looking for tax-efficient ways to draw down on his and his wife’s RRSPs in retirement. What should he do? Q: My wife has two RRSP accounts in her name.…

The article “Low-Cost Mutual Funds or Robo-Advisor?” was originally published on MoneySense on March 29, 2016. If investing were all about the fees, online advisors would win hands down Q: Thanks to this website, I learned how to read a prospectus and discovered the RRSPs I have at a big bank…

The article “RRIF or Annuity: Which One Is Right For You?” was originally published on MoneySense on March 22, 2016. Igor is turning 71 and has a choice to make. Here are the pros and cons of each. Q: What are cons and pros of selecting an annuity versus RRIF? I will…

The article “Be Wary of Private Capital Markets” was originally published on MoneySense on March 18, 2016. Average investors now have options previously restricted to the rich – with all the risks When Ontario joined other provinces with a move to loosen restrictions for investing in private capital markets earlier…