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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...

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Revising the fair market value of a property for tax purposes

Can you retroactively change the valuation of a rental property before selling it to reduce capital gains tax in...

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Financial fraud in Canada: What to do if your bank account or credit card is compromised

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Equifax

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How to reduce capital gains tax with RRSP contributions

RRSP contributions can reduce capital gains tax. How does that work, and when might a different tax strategy be...

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Who pays tax on cash gifts in Canada?

Want to give or loan money to your children? Here are the factors that determine who pays tax in...

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Can you decline or step down as power of attorney in Canada?

Power of attorney compensation can be high, but the role can be a lot of work. Here’s what happens...

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How RRIF withdrawals work when you have multiple registered accounts

Canadians must begin taking RRIF withdrawals the year after converting an RRSP. What happens if you convert only part...

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Do retirees need life insurance?

A Certified Financial Planner looks at the different strategies to ask your own advisor: Is life insurance the answer?

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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...