Ask a Planner by CFP Jason Heath - MoneySense

Retirement

The downside of naming children as RRIF beneficiaries

Kerry is doing some estate planning with his RRIF and wants to make sure it goes to his wife and kids in the best possible manner.

Retirement

Can you transfer your full pension into an RRSP?

Margaret wants to know how to avoid losing some of her pension if she transfers it into an RRSP at retirement.

Retirement

RRIFs and income splitting in the year of death

Gloria’s husband died recently. She’s looking for clarification on what happens with his RRIF and if and how she can split income with him in his year of death.

RESPs

RESPs and Canadian non-residency

Cara and her family are becoming non-residents of Canada. They want to know what this means for their RESP account.

Real Estate

canadian loonie

Selling your home to your kids—for $1

You need to consider if the savings for your child are worth the risk to you

Retirement

calculator

Bleeding your RRSP dry to save on tax when you’re dead

Chris is retiring and living on CPP, OAS and her RRSP. She wonders if she should take more than the minimum withdrawal from her RRSP to save tax on her death.

Financial Planning

grandparent and grandchild inheritance

Leaving an inheritance for your grandchildren

Dan’s mother wants to use some of the proceeds from her home sale to help her young grandchildren save for their future

Retirement

How single seniors can plan for retirement

Taxes

Should you incorporate to save on taxes?

Only if you can justify the initial and ongoing costs

Retirement

Drawing down retirement savings as a single senior