The article “Should You Ever Use An RRSP To Pay Tuition Fees?” was originally published on MoneySense on March 15, 2016. David is juggling debt and cash flow obligations and wonders how best to reduce their housing costs and cover his children’s education Q: I am a 55-year old with three…

The article “Pay Down The Mortgage or Invest?” was originally published on MoneySense on March 8, 2016. Liam has a house that he’s planning to convert to a rental property. Should he pay down his mortgage or invest with his extra cash flow? Q: I’m 21 and I’m currently purchasing a…

The article “CPP Pension Splitting After a Divorce” was originally published on MoneySense on March 3, 2016. Contributions you made while living with your former spouse are eligible for a split, leading to a pension boost Q: I am currently separated and I would also like to apply for the CPP…

The article “CPP Pension Splitting After A Divorce” was originally published on MoneySense on March 3, 2016. Contributions you made while living with your former spouse are eligible for a split, leading to a pension boost Q: I am currently separated and I would also like to apply for the CPP benefit…

The article “Tax Deductible Expenses When Selling a Cottage” was originally published on MoneySense on March 1, 2016. Minimize capital gains taxes by making smart reno choices Q: We are planning to sell the cottage in the next year or so and I would like to know what kind of renovations/improvements…

The article “How CPP Payouts Work When You Already Have A Pension” was originally published on MoneySense on February 16, 2016. Giselle is worried about how her CPP may be affected when she starts to receive her pension and withdraw from her RRSP Q: I am still working at age 63 and…

The article “Using A TFSA To Finance A Rental Property” was originally published on MoneySense on February 9, 2016. Should Debra cash in her TFSA to buy a cottage or use the money for renovations? Q: My husband and I are both 60 years old and working full time. We’ve just made an offer…

The article “Managing Assets Under Power of Attorney” was originally published on MoneySense on February 2, 2016. Watch out for tax implications and keep attribution in mind Q: My mother purchased a mutual fund in 1974. In 1994, my mother put my name on it so it could be passed to me without…

The article “Should You Invest or Pay Down Debt?” was originally published on MoneySense on January 26, 2016. Here’s what investors nearing retirement should consider Q: I have the following debt: Mortgage – $60,000 @ 2.5% variable rate Line of credit – $20,000 @ 5.7% variable rate Car loan – $24,000 @…

The article “Selling A Cottage To A Family Member” was originally published on MoneySense on January 19, 2016. If the property was bought before 1994, there may already have a $100,000 capital gains deduction Q: I shared a cottage property with my brother. I sold my half to my niece. Do I have to…

The article “How To Gift An RESP To A Child” was originally published on MoneySense on January 12, 2016. Opening an education savings account for a grandkid, niece or nephew is possible – just make sure you do it right Q: Can an aunt, uncle or grandparent open an RESP or RRSP for…

The article “Are RRSPs Ever a Waste of Time?” was originally published on MoneySense on January 5, 2016. Not everyone needs to max out their RRSPs at all costs Q: I am a 38 year old school teacher and currently contributing to a bank RRSP. I will have a pension and am…