The article “RRIF withdrawal rules for retirees need to be updated” was originally published in Financial Post July 5, 2023, by Jason Heath. Retirees should beware of using the RRIF conversion age or the minimum withdrawal schedule as a guideline. The...
The article “Should you include your pension in your net worth?” was originally published in MoneySense on July 4, 2023. Photo by Kampus Production from Pexels. Whether to include a pension in your net worth statement is up for debate. If you choose to do...
The article “4 strategies for income splitting with a lower-income spouse” was originally published in MoneySense on June 26, 2023. Photo by Nataliya Vaitkevich from Pexels. If one spouse does not work, is it beneficial for the other to invest and buy...
The article “Should you transfer your DC pension plan to a discount brokerage?” was originally published in MoneySense on June 26, 2023. Photo by Ono Kosuki from Pexels. “I have been with the same employer for nearly 20 years and have participated in...
The article “What to do when you overcontribute to your RRSP” was originally published in MoneySense on June 19, 2023. Photo by Ono Kosuki from Pexels. If you’ve accidentally overcontributed to your RRSP, you’ll pay a tax penalty. Here are your options for...
The article “What expenses can you deduct when renovating a rental property?” was originally published in MoneySense on June 13, 2023. Photo by Andrea Piacquadio from Pexels. The purpose of the renovations, as well as the occupancy of the building, can...
The article “Should you accelerate your mortgage payments—or invest?” was originally published in MoneySense on June 12, 2023. Photo by Blue Bird from Pexels. Chantal wants to pay down debt, invest and buy a property down south but isn’t sure which...
The article “FP Answers: Can opening a joint investment account with my teenager reduce my taxes?” was originally published in Financial Post on June 9, 2023, By Julie Cazzin with Andrew Dobson. Putting investments in his name just to save tax and then...
The article “What to do with U.S. dollar RRSPs in retirement” was originally published in MoneySense on June 5, 2023. Photo by Gustavo Fring from Pexels. If you already have a Canadian dollar RRIF, should you roll the U.S. dollar RRSP into the RRIF, or...
The article “Should this DIY investor go all in on this international ETF?” was originally published in MoneySense on May 29, 2023. Photo by Ketut Subiyanto from Pexels. You can exclusively hold international ETFs in any Canadian account, without paying a...
The article “These are the biggest myths in personal finance — and they’ll cost you if followed blindly” was originally published in Financial Post on May 26, 2023. PHOTO BY GETTY IMAGES/ISTOCKPHOTO. Jason Heath: Beware of financial advice that is...
The article “Do non-residents pay tax on CPP? What if you live in the U.S.?” was originally published in MoneySense on May 23, 2023. Photo by Mike Jones from Pexels. Withholding tax is generally the only Canadian tax a non-resident pays for their CPP...
