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?
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...
How to reduce foreign exchange costs using Norbert’s Gambit
Converting between U.S. and Canadian dollars can be costly. This technique can reduce the cost from 2% or more...
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How to use FHSA and RRSP withdrawals for a home down payment in Canada
First-time home buyers in Canada can pull from savings in registered accounts to fund their down payment. Here’s how...
How your net income gets calculated for tax and OAS
To minimize taxes and maximize benefits, learn the difference between deductions, credits and other forms of tax relief by...
CPP for non-residents of Canada: How to apply, report pension income and more
A Certified Financial Planner explains how the CPP process works for a non-resident of Canada and if a return...
Can seniors claim home renos on a tax return? If so, which ones?
Canadian seniors may be eligible for a tax credit on safety-related home renovations. Let’s look at the credits available...
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Should I cash my RRSP to pay off my mortgage?
Four reasons why you might not want to tap your RRSPs to become mortgage-free.