Who Wants to Support a Millionaire? Dec 2nd

Retirement planning getting you down? There are always smart ways to plan the financial aspects of your retirement.
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Should I invest my money or buy a life insurance policy instead? + MORE Feb 10th

Q: My wife and I are both 40 and have two kids—ages 5 and 7. We are considering buying a joint last-to-die life insurance policy that would cost a fixed $7,105 per year for ten years. That’s a total of $71,050 and the policy would pay $500,000 when the last of us dies. This is a proposition.... More »

An easy guide to income splitting for seniors Apr 14th

Q. My husband and I are both retired. He still has income from his business, and I have cashed in all of my RRSPs but one. My question is: Can Hubby cash one of his RRSPs (and pay taxes, of course), but then turn around and buy a spousal RRSP for me? Would that be worth doing? Then I could cash this.... More »
 retirement planning

Millennial homebuyers and seniors among the winners of Budget 2019 + MORE Mar 24th

The Liberals’ last budget of this mandate sets the stage for the October federal election and includes a sprinkling of money for voters across a wide spectrum. But there are also gaps in spending for some groups. Here’s what the budget does and doesn’t do, for five key voting group.... More »

After inheriting a RRIF account, how to know what you owe the taxman Mar 10th

Q: I’m wondering if there is a simple way to calculate the tax liability to named RRIF beneficiaries upon death of the account holder?  My wife’s mother passed away in October 2018. My wife was one of 3 named beneficiaries of a RRIF worth $265,000, and her share was $117,000 (44%). There are no.... More »
The median American household can’t come close to affording the pension benefits of career government workers.

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