“I inherited my husband’s TFSA. Does that affect my contribution room?”
It matters how you designate a spouse on your TFSA should you die before they do. Successor holders get...
Articles By Allan Norman, MSc, CFP, CIM:
This revealing investment research tool is now available for free
The Index Matrix vividly illustrates how different assets performed in the past. Here’s how Canadians can use it to...
Should we draw down my spouse’s RRIF faster?
The benefits of depleting savings to avoid estate taxes depends on many variables. But if you live a decade...
My three kids chose different educational paths. How do I withdraw RESP funds in a way that’s fair to them and avoids unnecessary taxes?
A Certified Financial Planner explains how RESP withdrawals and taxation can work for each of your children, regardless of...
Should I draw down my RRIF to avoid estate taxes?
Yes, your estate will pay a high rate of tax on your RRIF when you die. But it usually...
When and how should I start drawing on my retirement savings?
There’s more than one way to optimize your income after retiring. Some strategies can boost wealth, and others may...
Do retirees need life insurance?
A Certified Financial Planner looks at the different strategies to ask your own advisor: Is life insurance the answer?
How your net income gets calculated for tax and OAS
To minimize taxes and maximize benefits, learn the difference between deductions, credits and other forms of tax relief by...
Moving money from RRSPs, RRIFs and TFSAs in retirement
To have liquidity and reduce taxes, Canadians can move money between registered accounts. But what are the tax, contribution...