by Rona Birenbaum BAS CFP®, CHFS | Feb 26, 2024 | All About Tax, Estate Matters
Starting in the 2023 tax year, new trust reporting requirements came into effect that require many Canadians to start filing a trust tax return (specifically, a T3 and Schedule 15 forms). As part of these new rules, many financial structures that were previously...
by Sara Ready CFP® | Jan 4, 2022 | All About Tax, Estate Matters
As real estate prices rise in Ontario, so are the related probate fees on that property when settling your estate. Might you be one of the lucky Ontarians that can avoid probate fees on your real estate? If you’ve owned a property in Ontario for at least 15 years, you...
by Rona Birenbaum BAS CFP®, CHFS | Nov 11, 2019 | All About Investing, All About Tax, Estate Matters, Retirement, Risk Management
Have you ever been uncertain about what your portfolio equity allocation should be? You may have relied on the “100 minus your age” rule. It determines this ‘magic asset mix’ for you in seconds! For example, at age 65 you would have 35 percent in equities and 65...
by Rona Birenbaum BAS CFP®, CHFS | Nov 4, 2019 | All About Investing, Estate Matters, Retirement
If you are close to retirement or are currently retired, you may have heard about the 4% rule. It was designed to help retirees determine how much of their portfolio they should withdraw in the first year of retirement (indexed to inflation in future years) to...
by Rona Birenbaum BAS CFP®, CHFS | Jul 15, 2019 | Cash Flow Concerns, Estate Matters, Musings, We Think You Might Enjoy...
Our weekly take on news and information that is good for you. Not just about money, we highlight some of the most useful content the internet has to offer, straight to your inbox weekly. Financial friction getting between you and your partner? Here’s some helpful...
by Rona Birenbaum BAS CFP®, CHFS | Feb 19, 2019 | All About Tax, Cash Flow Concerns, Estate Matters, Retirement
If you belong to a defined benefit pension plan, you will eventually need to make a choice between: Guaranteed monthly payments from your employer and A lump sum, or “commuted value”, that you invest to provide a retirement income stream. In the first case, the risk...