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...
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What to do if your pre-construction condo has dropped in value
Many pre-construction condos bought in recent years, especially in Toronto, are now worth much less. If you can’t close...
How does a U.S.-dollar TFSA work?
If you have tax-free savings accounts in Canadian and U.S. dollars, here’s how to avoid overcontributing.
Is real estate the best investment for a Canadian retiree?
I had three meetings this past week with Canadian clients where I challenged their real estate strategies. Here’s why.
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Should you pay off student debt before investing?
If you want to start investing but you’ve got a Canada Student Loan or other student debt to repay,...
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...
What to do when you have insufficient or unused RESP funds
RESPs often fall short of funding a child’s full education, but sometimes an account holder ends up with unused...
How the Liberals’ re-election impacts RRIFs, taxes and more
The party’s platform proposals may impact RRIF minimum withdrawals, income tax and more. Here’s how Canadians can plan for...
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How to avoid RRSP overcontributions when you have a deferred profit sharing plan
Maxing out employer contributions is an easy way to boost your retirement savings. Here’s how to do it without...