financial advisor | 40 days - 2.75% + MORE Feb 21st

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Latest News

How is investment income taxed in Canada? Jul 3rd

Ask MoneySense I have a GIC and wondered what if I take out $50,000, how much income tax will I be paying? My financial advisor is not very helpful. –Louise There are tax considerations when you own investments. There may be tax owing when you sell investments. And different investment .... More »

Books you need to read before retirement + MORE Apr 6th

(Pexels.com) In the last six months, at least three new Canadian books have been published that bear the word “Retirement” in their titles (counting the one I co-authored with Mike Drak.). I’ll leave it to others to review Victory Lap Retirement (indeed, it was excerpted in MoneySense last sum.... More »

What expenses can you deduct when renovating a rental property? Jun 13th

Ask MoneySense I am trying to understand if I am eligible to claim renovation expenses including property taxes, insurance, rental loss, etc. on an investment property I bought and completed renovations on. I purchased a duplex that was rented and then vacated when final purchase went through. Th.... More »

Trading resumes on TSX with no apparent tech issues Apr 30th

Trading on the Toronto Stock Exchange restarted as expected today after the market was shut down early Friday due to a technical problem..... More »

RRIF and LIF withdrawal rates: Everything you need to know Mar 6th

At some point, a registered retirement savings plan (RRSP) is typically converted to a registered retirement income fund (RRIF). The latest you can defer the conversion of your account is the end of the year you turn 71. This means that by December 31 of your 71st year, you need to either withdraw t.... More »