The article “Should you sell investments at a loss to pay off debt?” was originally published in MoneySense on February 27, 2023 . Image by shurkin_son on Freepik. When paying a high interest rate on debt, does it make sense to sell investments that have fallen...
The article “When is capital gains tax due on a cottage purchased in joint tenancy with two other people?” was originally published in Financial Post on February 24, 2023. PHOTO BY JAMES MACDONALD/BLOOMBERG FILES. RRSP contributions are one way of reducing...
The article “Who to name as executor when family members aren’t an option?” was originally published in MoneySense on February 21, 2023 . Photo by Cottonbro Studio from Pexels. It’s not always possible or beneficial to name a family member or close friend as...
The article “Are spousal and child support payments taxable?” was originally published in MoneySense on February 13, 2023 . Photo by Cottonbro Studio from Pexels. Spousal and child support payments are taxed differently. And lump-sum payments may come with their...
The article “How much to take out of your RRSP in your 60s” was originally published in MoneySense on February 8, 2023 . Photo by Marcus Aurelius from Pexels. Although RRSP withdrawals can be deferred no later than age 72, it may be necessary or advisable to...
The article “Can an executor borrow money to cover probate costs?” was originally published in MoneySense on February 6, 2023 . Photo by Gary Barnes from Pexels. Executors have a few options when the estate has outstanding bills and no cash to cover probate...
The article “How to invest as a teenager in Canada” was originally published in MoneySense on February 1, 2023 . Photo by Creative Christians on Unsplash. Birthday money burning a hole? Read our “investing for teens” guide for where to invest, how to...
The article “The tax implications of working abroad for residents and non-residents of Canada” was originally published in MoneySense on February 1, 2023 . Photo by Jopwell from Pexels. What taxes do you owe when working in another country if you’re a resident...
The article “How to use income ETFs for retirement income” was originally published in MoneySense on January 31, 2023 . Photo by Karolina Grabowska from Pexels. Are income ETFs the right choice for retirees? And should you place them in a life income fund that...
The article “Here’s what you need to know about picking an executor for your will” was originally published in Financial Post on January 26, 2023. Testators writing a will should consider whether the executors they are naming are the right people The...
The article “When does the “plus 1” rule apply to a principal residence?” was originally published in MoneySense on January 23, 2023 . Photo by Karolina Grabowska from Pexels. There are tax implications to inheriting a second property. But in certain...
The article “What are the pros and cons of using a DRIP account for your investments?” was originally published in Financial Post on January 20, 2023. PHOTO BY MICHAEL NAGLE/BLOOMBERG FILES. Using DRIPs in a taxable account could have unintended long-term...
