I cosigned a motorcycle loan and the owner passed away: What are my obligations to the bank?
A Certified Financial Planner helps a reader understand their obligations—and their options—after cosigning on a loan.
Qualified Advice
TFSAs & RRIFs: What’s the difference between beneficiaries, successor holders and successor annuitants?
A Certified Financial Planner helps a reader understand these titles, the differences and which one is best.
How does CPP credit splitting work if I’m divorced?
A Certified Financial Planner helps a reader understand how pension splitting between divorced spouses works.
What should I do with physical share certificates?
A Qualified Associate Financial Planner helps a reader figure out how to handle old physical share certificates of BCE.
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Questions about real estate, family, finances and more
Three situations: Renovating a cottage to build an inheritance, adding names to a property and understanding capital gains. And...
A guide to getting value from your advisor, and shifting to lower-cost investments
One option is moving mutual funds into lower-cost “D-series” or “F-class” versions to reduce fees while avoiding deemed disposition....
What are the tax consequences of real estate joint ownership when one owner dies?
It can get complicated, especially if the surviving owner resides overseas—where that country's tax laws may apply as well.
How is a RRIF taxed in the hands of a beneficiary?
The consequences of taxes and beneficiary designations on registered accounts like RRIFs can be confusing—and sometimes this confusion results...
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What to do with an extra $70,000 to fund retirement
My 79-year-old mother has received a monetary gift. What’s the best way for her to use it to supplement...