Objective Financial Partners Blog
Capital Loss Tax Deductions From Beyond The Grave
The article “Capital Loss Tax Deductions From Beyond The Grave” was originally published on MoneySense on August 15, 2017. Yvonne’s recently-passed husband had capital losses. Did she maximize the claim on his final tax return? Q: My husband passed away last year and at that time he had unused net capital…
Gifting Your RRIF To Your Children
The article “Gifting Your RRIF To Your Children” was originally published on MoneySense on August 8, 2017. Angie wants to give her RRIF to her children while she’s still alive Q: Can I change my RRIF back to RRSPs or put it all in a savings account? Bottom line is I…
Should You Do A Pension Buyback?
The article “Should You Do A Pension Buyback?” was originally published on MoneySense on August 1, 2017. It’s almost always a good idea Q: I have been working at a college for 10 years. The last nine were full-time with pension deductions. My first year was contract and I did not…
The Retirement Reshuffle
The article “The Retirement Reshuffle” was originally published on MoneySense on July 25, 2017. How to rearrange investment accounts in your golden years. Q: I am married with a minor son. My wife and I have been successful saving and investing. Presently we have in excess of fifteen accounts. Mostly in…
CPP And OAS After The Death Of A Spouse
The article “CPP And OAS After The Death Of A Spouse” was originally published on MoneySense on July 20, 2017. Keith arranged to split pensions with his late wife many years ago. What is he entitled to now? Q: I am 84 and many years ago my wife and I arranged…
The Four Reasons That Retirement Is Costing Canadians More Than Ever
The article “The Four Reasons That Retirement Is Costing Canadians More Than Ever” was originally published on Financial Post on July 12, 2017. But despite soaring prices for some popular items at the grocery store, the broader cost of living is not the prime culprit. Retirement is getting more expensive…
Reasons To Tap RRSPs Before Age 71
The article “Reasons To Tap RRSPs Before Age 71” was original published on MoneySense on July 12, 2017. Doing this makes sense for plenty of Canadians. Is it the right option for you? Q: If you are self-employed and have a holding company, does it not make sense to use your…
Should You Use RRSPs To Pay Down The Mortgage?
The article “Should You Use RRSPs To Pay Down The Mortgage?” was originally published on MoneySense on July 5, 2017. Careful, the tax hit may be hefty if you tap your RRSP early Q: My husband and I will have good pensions. He is thinking that we should cash out our…
Collecting CPP While Working In The U.S.
The article “Collecting CPP While Working In The U.S.” was originally published on MoneySense on June 27, 2017. How to transfer Social Security credits from the U.S. to Canada Q: I worked outside Canada for nearly 10 years (1992-2002) in the USA. I have two questions in regard to my circumstances:…
What The Loonie’s Roller Coaster Ride Means for Your Financial Planning
The article “What The Loonie’s Roller Coaster Ride Means for Your Financial Planning” was originally published on Financial Post on June 26, 2017. Jason Heath: Investors who have owned foreign investments have benefitted handsomely in recent years due to both performance and currency It is hard to believe that just…
Tax Facts When Hiring A Nanny
The article “Tax Facts When Hiring A Nanny” was originally published on MoneySense on June 20, 2017. You have different obligations depending on if your nanny is your employee or is considered self-employed Q: I have four children for whom I can claim child care expenses. I would like to hire someone…
Why It’s Time for Canada’s Financial Industry to Put the Customer First
The article “Why It’s Time for Canada’s Financial Industry to Put the Customer First” was originally published on Financial Post on June 16, 2017. Jason Heath: Why is government hesitating to force advisers to do what is right — to act in clients’ and customers’ best interests? Scrutiny of the…
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