Fee-only/advice-only financial planner. #PersonalFinance columnist @FinancialPost, @MoneySense, @RetireHappyBlog, @CdnMoneySaver. #retirement #FinancialPlanning
Joined October 2016
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- Followers 3,602
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389 Photos and videos
Pinned Tweet
29 Jul 2020
You're wealthier if you have $1 million and spend $25,000/year than if you have $1 million and spend $100,000.
It's also easier to save $1 million if you spend $25,000/year than if you spend $100,000.
#Wealth is less about how much you have and more about how much you need.
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Many Canadians understand RDSP contributions. Fewer understand withdrawals. In my latest for @MoneySense, I explain mandatory withdrawals, including the tax implications, grant repayments, and the 10-year rule:
zurl.co/qPgQd
#RDSP #DisabilityBenefits #PersonalFinance
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Do you collect GST as a self-employed professional or small business owner?
The GST Quick Method can simplify reporting—but it's not for everyone. In my latest @MoneySense column, I explain who qualifies and when it can save money.
zurl.co/uIrYx
#GST #SmallBusiness
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May 25
Could overly optimistic assumptions derail your retirement plan?
In my latest for @MoneySense, I share reasonable long-term projections Canadians can use for investment returns, inflation, mortgage rates, and more.
zurl.co/qQrUr
#RetirementPlanning #PersonalFinance
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May 14
Looking for a simple, low-cost way to save for retirement?
The Saskatchewan Pension Plan may be worth considering. I break down the details in my latest @MoneySense column 👇
zurl.co/QWDC3
#RetirementSavings #Investing #PersonalFinance #FinancialPlanning #Retirement
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May 11
CRA instalment reminders aren’t always as straightforward as they seem. My latest for @MoneySense explains when you actually need to pay them, when you may not, and how to avoid interest and penalties.
🔗zurl.co/DAma1
#PersonalFinance #Taxes #CRA #TaxPlanning
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Apr 24
When was the last time you checked your CRA My Account outside of tax season?
In my latest for @MoneySense, I share 5 things to review, like uncashed cheques and key tax details, that could save you money 💡
zurl.co/3ywHS
#TaxTips #PersonalFinance #Canada #CRA
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Apr 14
“Just write it off” isn’t always how it works. In my latest for @MoneySense, I break down what Canadians often get wrong about tax write-offs:
zurl.co/wn9UH
#TaxPlanning #CdnTax #PersonalFinance #CanadianFinance #FinancialLiteracy
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Do you know how much CPP/QPP you’ll get in retirement? 🤔
In my latest for @MoneySense, I explain why checking your pension matters. Child-rearing, disability, and credit splitting can all affect it.
zurl.co/hWrKR
#CPP #QPP #RetirementPlanning #PersonalFinanceCanada
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RRIF minimums are just that—minimums. In my latest for @MoneySense, I look at when extra withdrawals can be a smart retirement strategy.
zurl.co/YbYSg
#RetirementPlanning #TaxPlanning #PersonalFinance #FinancialPlanning #RRIF
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Mar 25
2025 tax return updates — what’s new and what’s gone. I break down the changes, cancelled credits, and CRA updates Canadians should know before filing.
Read more in my latest for @MoneySense: zurl.co/3Trdq
#TaxSeason #CanadaTaxes #PersonalFinance #TaxPlanning #CRA
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Mar 20
Own a Canadian rental property as a non-resident?
The tax rules can get complicated fast, especially with withholding taxes, filing options, and potential refunds.
Here’s what you need to know 👇
zurl.co/YwGCk
#RealEstate #TaxTips #CdnTax #PersonalFinance #Taxes
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Mar 10
Thinking about claiming capital cost allowance on your rental property? My latest @MoneySense article explains how CCA works, what you can claim, and the long‑term tax implications.
🔗 zurl.co/KmtY8
#CdnTax #RentalProperty #TaxPlanning #RentalIncome #IncomeProperty
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Crypto investors in Canada: do you know how it’s taxed? 🤔
From capital gains to overseas income, your digital asset moves may trigger tax implications.
I break it down in my latest for @MoneySense:
zurl.co/YZDrF
#CryptoTax #CryptoCanada #CdnTax #PersonalFinance
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Feb 20
Inheriting an IRA or 401(k) as a Canadian? 🧾💡Learn how IRA & 401(k) inheritances work for spouses vs. non-spouse beneficiaries — and what tax rules apply.
➡️ Read more in my latest for @MoneySense: zurl.co/Ba9zK
#CrossBorderTax #Inheritance #IRA #401k
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Feb 12
In my latest for @MoneySense, I explain how to properly unwind a spousal loan and avoid costly tax surprises if it is forgiven.
It’s trickier than it sounds 👀
zurl.co/d9uxD
#TaxPlanning #PersonalFinance #CanadianFinance #FinancialTips #CdnTax
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In my latest for @MoneySense, I break down how to prepare taxes when someone dies — from notifying the CRA to final returns and clearance certificates. Key steps to help navigate the process. 👇
zurl.co/vme1e
#CRA #CdnTax #EstatePlanning #TaxTips
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Jan 27
Wondering how rent from a family member or common‑law partner is taxed? I break down when it’s rental income vs cost-sharing and what the CRA looks at. Read more in my latest for @MoneySense.
👉 zurl.co/ighlv
#CanadianTaxes #RentalIncome #CommonLaw #PersonalFinance
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Jan 21
Curious whether you can save tax by transferring your severance into a corporation? 🤔 The answer might surprise you. Learn when it does and doesn’t make sense in my latest for @MoneySense.
zurl.co/GIoot
#PersonalFinance #TaxPlanning #FinancialPlanning #CdnTax
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Jan 13
Shareholder loans are one of the most misunderstood areas for incorporated business owners. In my latest for @MoneySense, I outline the key tax considerations and planning opportunities for owner‑managers.
zurl.co/sV9p5
#CDNTax #TaxTips #ShareholderLoans
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Thinking about relocating to Québec? The province’s tax system is structurally different from the rest of Canada. In my latest for @MoneySense, learn what you need to know before making the move.
zurl.co/SZZzL
#PersonalFinance #Quebec #FinancialPlanning #CdnTax
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