Retirement

How to use ETFs in your child’s RESP

Q. Several years ago, an advisor recommended I hold a Canadian dividend ETF in an RESP for my son. Would this still be a good approach for someone just starting an RESP for their baby, or is there a better alternative, given the increasing number of ETF options? – Pete in Halifax A. In many ways, ...

March 21, 2019

The federal budget has brought at least one good thing with it – deferred annuities: The federal government is permitting annuities that would allow retirees to move some savings out of their registered retirement funds to an annuity deferred until age 85. The tax rules generally require an annui ...

Is paying off debt with a $250,000 inheritance a good idea?

Q. I have a question about my soon-to-be gift/early inheritance. My amazing parents are (as I type!) downsizing and moving into a seniors community. With this downsizing, they have decided to gift between $200,000 and $250,000 to me when the literal and figurative dust settles, which should be abou ...

Budget 2019: Higher RRSP home buyer withdrawal limits, but no help on housing supply

On the eve of a federal election this fall, the Liberal government is looking to help more Canadians buy their first homes by picking up a portion of their mortgage costs and increasing the amount they can borrow from their retirement savings for a down payment. Helping people enter the housing mar ...

Millennial homebuyers and seniors among the winners of Budget 2019

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 groups: Veterans ...

How to avoid a pension clawback from a one-time event

Q: Are you aware of the “one-time event” in the CPP and CRA regulation that avoids any clawback of the OAS/CPP if your revenues exceed the threshold due to a one-time event? – Mike A: I find there is a lot of misunderstanding about the clawback of government pensions. Some people aren’t cle ...

March 18, 2019

Assiduous Readers will remember that Manulife was bailed out by the regulators again after a hedge fund claimed the terms of its contract with the firm allowed it to deposit unlimited funds with the firm at a guaranteed rate of up to 5%. It turns out the bail-out was unnecessary! Manulife won the c ...

Wisconsin's Big Public Pension Cheese?

Elizabeth Bauer wrote a comment for Forbes, 'Go North, Young Man,' To The Wisconsin Public Pension System:To parapharase Horace Greeley in his Manifest Destiny exhortation, but for those seeking out well-funded public pension plans, it's time to go north -- northwards from Illinois, that is, to th ...

Federal budget 2019: Likely some goodies for investors

There’s no budget quite like an election year budget. In 2015, the last election budget, then Prime Minister Stephen Harper tried to win over the common Canadian by introducing a host of budget day goodies. He boosted the tax-free savings account’s contribution limit from $5,000 to $10,000 (wh ...

BCI's Record $7 Billion Real Estate Partnership?

Real Estate News EXchange reports, BCI, RBC, Quadreal partner on record $7B investment portfolio:The British Columbia Investment Management Corporation (BCI) will move over 40 Canadian real estate assets into a $7-billion fund in partnership with RBC Global Asset Management Inc. and Quadreal Proper ...