
Bernice is debt free and has savings, but wonders if she should start investing in the stock market + MORE Jan 30th
Shannon Lee Simmons defines “emotional return on investment” and her take on personal debt Jan 28th

How to make better financial decisions—without regret—in a crisis Jan 27th
Why You Should Make ‘Career Cushioning’ Part of Your Job This Year + MORE Feb 1st
When investing, think like a landlord + MORE Feb 3rd
When does the “plus 1” rule apply to a principal residence?
– moneysense.ca
Tax implications of inheriting a second property
When someone dies owning real estate, there may or may not be tax payable. Death results in a deemed disposition, as if you sold all of your assets the day you die. If the real estate qualified as the principal residence of the deceased for all years they owned it, it would be tax-free to their estate. If some or all of the capital gain is taxable, their estate would pay tax accordingly on the final tax return of the owner.
When you receive an inheritance, Doris, it is tax-free to you as a beneficiary. The fair market value of a capital asset like real estate at the time you inherit it becomes your cost base for capital gains tax purposes.
Say, for example, you kept the inherited house and used it as a rental property, renting it to tenants…
Book review: The Intelligent Fund Investor by Joe Wiggins
– moneysense.ca

What makes fund investors intelligent?
Author Joe Wiggins
As the book’s title suggests, this is about fund investing, which includes exchange-traded funds (ETFs). And Wiggins sets out to answer the question: “What does it take to be an intelligent fund investor?”
All you need is a sound set of beliefs supported by evidence and the ability to manage your own behaviour, he writes. And that’s it. Possessing those two elements will position you for a successful investment experience.
Using evidence and entertaining anecdotes, Wiggins justifies his position through 10 compelling chapters. Here are their titles below. As you read them, I encourage you to reflect upon your investment experiences and consider how each chapter may relate to you…