“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...
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Tax and estate planning for joint accounts
Many Canadians have questions about how accounts are transferred upon death. Here’s how it works when assets are held...
Annuity vs. GIC: What makes sense for retiring?
Can you compare apples to apples with annuities and guaranteed investment certificates for retiring? Let’s find out.
Are home renovations tax deductible in Canada?
Doing home renovations? Find out if there are any tax incentives that Canadians are able to claim.
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Financial hardship withdrawal exceptions and increasing income in retirement
Money in a LIRA or LIF is intended to last a lifetime, making it difficult to access more than...
Can you save on taxes by owning an investment account with your child?
Jointly owning an asset with a child comes with tax and estate implications. Here’s why it may not be...
Tax implications of making transfers between registered accounts
When transferring money from LIRA to a LIF and RRSP, would that result in being taxed twice?
Should retirees pay off their mortgages with investments?
A bank advisor tells a just-retired Canadian that using investments to pay off a mortgage is not a good...
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Contribute to RRSP or pay off mortgage?
Does it make sense to put some extra cash into an RRSP or use it to help pay off...