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Why a reverse mortgage should be a last resort for most Canadian retirees

Reverse mortgages do the job of freeing up income for house-rich, cash-poor Canadian seniors. But their terms are often...

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A parents’ guide to home down payment gifts and loans

Many parents loan or gift money to their adult children for real estate purchases. Here are the legal and...

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Is now the time for retirees to sell stocks and buy GICs?

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Real Estate

Yes, a cottage is an investment property—here’s how to minimize capital gains tax

Should you “invest” in a cottage? And if you do, what happens when you sell it, give it away...

Retirement

CPP payment dates this year, and more to know about the Canada Pension Plan

Here’s how Canada’s retirement pension plan works, who’s eligible for CPP, when you can start receiving CPP, and CPP...

Retired Money

Why these authors want you to spend your money and die with $0 saved

According to the book Die with Zero, we should all run out of money just as we run out...

Columns

Selling a cottage to a family member: What that means for capital gains

If the property was bought before 1994, there may already have a $100,000 capital gains deduction.

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When and how to transfer an RESP for grandchildren

Grandparents, relatives and even family friends can open an RESP account. What should they consider from an estate planning...

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Can you help your kids financially without compromising your retirement?

A Certified Financial Planner explains what to think about before helping your kids with a gift or loan.