The 2024 federal budget has introduced several changes to the Canada Pension Plan (CPP) benefits that affects the Death Benefit, Disabled Contributor’s Child Benefit, and Survivor’s Pension. These amendments increase support to families and individuals impacted by the...
The article “FP Answers: Should I pay myself dividends from my company to avoid CPP premiums?” was originally published in Financial Post on May 17, 2024. By Julie Cazzin with Andrew Dobson. Passing on the premiums might save money today but cost you retirement income...
The article “Why your retirement may be different than you expected” was originally published in Financial Post May 6, 2024, by Jason Heath Jason Heath: There is no surefire formula for planning for retirement, so expect the unexpected Most discussions...
The article “How much is capital gains tax in Canada?—and other reader questions answered” was originally published in MoneySense on May 6, 2024. Last month’s federal budget introduced changes to capital gains tax in Canada. This has raised many questions...
The article “Should you max out your RRSP before converting it to a RRIF?” was originally published in MoneySense on April 29, 2024. Here’s what to consider before converting an RRSP to a RRIF. Ask MoneySense My husband and I retired last September....
The article “Should I delay my CPP if I’m not contributing to it?” was originally published in MoneySense on April 22, 2024. You can still benefit from deferring Canada Pension Plan payments with less than maximum contributions. Ask MoneySense Do all the advice...
The article “Are home renovations tax deductible in Canada?” was originally published in MoneySense on September 12, 2023, REPOSTED April 12, 2024. Doing home renovations? Find out if there are any tax incentives that Canadians are able to claim. “We...
The article “FP Answers: What are the tax consequences of selling a small business to my son?” was originally published in Financial Post on April 12, 2024. By Julie Cazzin with Andrew Dobson. Get the value appraised before you do anything. Q: I want to...
The article “How to change a past tax return” was originally published in MoneySense on April 8, 2024. You can amend previous tax returns to include new information, such as investment management fees for a non-registered account. Here’s how. Ask...
The article “Should you buy life insurance to pay for tax owed upon death?” was originally published in MoneySense on April 1, 2024. When you die, capital gains tax might apply to some of your assets. Can life insurance help shelter your beneficiaries from...
The article “Should you claim your common-law partner on your taxes?” was originally published in MoneySense on March 25, 2024. Changing your status to common-law has an impact on your tax return and government benefits. Here’s how to know when you should...
The article “Planning for retirement with little or no savings to draw on” was originally published in MoneySense on October 26, 2022. Photo created by pressfoto – www.freepik.com. Financial planning advice is often catered to wealthier Canadians. What can...
