It’s “RRSP season” and once again there is a scramble among a substantial proportion of Canadians to put a 2021 contribution together by the March 1, 2022 deadline. If the cash is not available, the classic option has been to get an RRSP loan from...
Read MoreYou are a Canadian who has just returned to Canada after working for many years in the United States. In that time, you have accumulated assets in a 401(k), a traditional IRA, and a Roth IRA. In addition, you have children who were born in...
Read MoreShortly after I turned 25, and was newly married, I discovered I had a chronic kidney disease that would almost certainly lead to kidney failure. Somehow kidney failure was delayed a lot longer than the prognosis originally indicated, but in 2014 my kidney function got...
Read More“Why not both?” This is the answer the wife gives to her husband when he asks whether they should install an indoor or an outdoor hot tub. Perhaps you recall that commercial from one of the major providers of reverse mortgages in Canada. While the...
Read MoreI have sometimes heard it said, “There’s no point in earning extra income; it’s just going to be taxed away.” Oddly enough, no one seems to turn away a raise. Graduated vs. Flat Tax Canada has a graduated income tax regime. This means that the more you...
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Canada welcomes significant numbers of immigrants each year. However, many people choose to leave Canada for other countries, too. I have relatives and friends who live in the United States, Japan, and Australia, to name just three countries. I lived in Japan myself for a...
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As I wrote on my website, one of the major reasons I began to work in financial planning is because I saw multiple DIY portfolios that were not founded on any rational approach to investment planning. Many seemed to view investing as a variation on...
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If you are like my family, you will have some relatives who have moved to the United States for work. This is a topic of mind for me right now because my wife and I just returned from a visit to some of those relatives....
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A couple of years ago, David Bach, with John David Mann, published the book The Latte Factor. I haven’t read the book, so this is not a review. But looking at the table of contents, it appears that the book is not simply about investing...
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For some households, an inheritance can make a significant difference in their financial lives. Finally, a home can be purchased, or a mortgage or other debts paid off, or woefully inadequate RRSPs and other accounts for retirement can be fully funded. Married couples manage their finances...
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