Retirement

Pension income splitting explained

Q: I am 62 years old and I receive a pension from my work. At the same time, I am still working part time. My question is can I split my pension with my husband who is 64 years old? He is retired with no pension from his work. I would appreciate if you can educate me regarding income splitting. ...

What are those pot stock investors smoking?

Medical marijuana plants grow in a climate controlled growing room at the Tweed Inc. facility in Smith Falls, Ontario, Canada, on Nov. 11, 2015. Construction and marijuana companies are poised to benefit from the Liberal Party’s decisive win in Canada’s election, with leader Justin Trudeau vow ...

Investing = rational thinking + emotion (book excerpt and review)

    SPEEDREADER Book: Adaptive Markets: Financial Evolution at the Speed of Thought Author: Andrew W. Lo Publisher: Princeton University Press https://www.amazon.ca/Adaptive-Markets-Financial-Evolution-Thought/dp/0691135142 Price: Hardcover $42.28, Kindle $33.99 WHO IT’S FOR: Anyone interested ...

Seven investing rules to live by —in 2018 and beyond

Keep your eyes on the future when investing. The past is not a good guide. (Flickr) It is sad that time seems to accelerate as we get older.  I don’t know about you, but 2017 was a bit of a blur for me.  Many people are caught mumbling things like “if only I’d known “X”, I’d have do ...

How to ‘find’ cash for your RRSP contribution

RRSP Contribution You don’t necessarily need new money in order to come up with the cash to maximize your 2017 RRSP contribution. That should come as welcome news after all the holiday spending. January makes some big demands on cash flow as credit-card bills come due. Add to that the opportuni ...

RRSP contribution deadline and CRA rules reminder

The March 1, 2018 RRSP contribution deadline approaches! As such, many Canadians are about to make a last minute contribution to their RRSP account. RRSP contribution deadlines for 2017 tax year December 31, 2017 March 1 (First 60 days of 2018). Here are some important deadlines to remember at th ...

How to bridge from early retirement to taking a pension

Drawing down savings the smart way involves keeping the right assets in the right accounts and having a plan to manage income streams. Q. I’d like some advice about what is the best way to keep your portfolio at your target allocation when you start to withdraw money when you retire. My situat ...

I inherited $55,000. Should I pay off debt or put it into a TFSA?

Creative Commons/Quinn Dombrowski Q. I am single and set to retire next year. I also have a $55,000 inheritance coming to me shortly. Should I take this money and pay off my outstanding debt, which is about $50,000? Or put the money into a Tax-Free Savings Account (TFSA), which I haven’t starte ...

Cat, Dogs, and Hot Potato stock strategies for 2018

Here are two of the three portfolio strategies updated for 2018 by Norm Rothery. All that’s missing is the potato. Source: Shutterstock To ring in the New Year I’ve updated three of my popular MoneySense investment strategies.  Lift the winter chill with a hearty serving of the Hot Potato an ...

Three MoneySense stock picking strategies for 2018

Here are two of the three portfolio strategies updated for 2018 by Norm Rothery. All that’s missing is the potato. Source: Shutterstock To ring in the New Year I’ve updated three of my popular MoneySense investment strategies.  Lift the winter chill with a hearty serving of the Hot Potato an ...