The article “What To Do With An Inheritance” was originally published on MoneySense on March 10, 2015. Should Rich use his $200,000 inheritance to reduce his debt and increase his cash flow? Q: I recently inherited some farm land and it is worth $200,000....
The article “Parents, Don’t Miss Out On These Four Tax Deductions and Credits” was originally published on The Financial Post on March 6, 2015. The Family Tax Cut has been hogging the limelight among Canada’s recent tax changes. But chances are...
The article “Are You Ready to Retire?” was originally published on MoneySense on March 3, 2015. 9 questions to help you determine if you can afford to quit working Q: I am a 57-year-old widowed medical secretary earning $43,000 annually plus survivor...
The article “How Pension Income Splitting Really Works” was originally published on MoneySense on February 26, 2015. Ken is trying to get some answers so he can plan a tax efficient retirement income for he and his wife Q: As I understand it, RRSPs have...
The article “Which Pays Off More: Getting a University Degree or Investing the Tuition Money?” was originally published on The Financial Post on February 20, 2015. As university tuition fees continue to rise and graduates have trouble getting good-paying...
The article “Optimize Your Retirement Income” was originally published on MoneySense on February 17, 2015. Jackie is approaching retirement and her husband is retired. She’s looking to optimize her retirement income and minimize her income taxes. Q:...
The article “How to Know When to Start Drawing on Your RRSP” was originally published on The Financial Post on February 17, 2015. There is plenty of information out there about RRSP contributions, ranging from why it’s a good idea to contribute, to...
The article “Juggling Personal and Workplace RRSPs” was originally published on MoneySense on February 12, 2015. Make workplace RRSPs your primary focus Q: My husband and I participate in workplace RRSP top-up programs, and we have an RRSP loan to maximize...
The article “Using More Than One Financial Adviser” was originally published on MoneySense on February 10, 2015. At key times in your life, it makes sense to use more than one financial adviser. Does it make sense for Donna? Q: What are the benefits and/or...
The article “How Spousal RRSP Withdrawals Work” was originally published on MoneySense on February 9, 2015. Avoid unexpected tax consequences by knowing how attribution works Q: My wife and I are planning to retire within five years. I heard about a rule...
The article “Timing RRSP Withdrawals” was originally published on MoneySense on February 3, 2015. Kate has a home repair that she wants to fund with an RRSP withdrawal. Should she? And if she does, can she mitigate the tax? Q: I am retired and I am 68...
The article “Debt Repayment vs. RRSP Contribution” was originally published on MoneySense on February 2, 2015. There’s no rule of thumb when it comes to RRSP contributions versus mortgage repayment Q: My husband and I are close to paying off our...
