- Accessing the value in your home during retirement: Should you sell and downsize, or sell and rent?
- What is the best age to begin receiving a CPP retirement pension?
Some people believe strongly that you should always take it as early as possible – age 60; others believe equally strongly that you should delay as long possible – age 70. I believe that the answer depends on two main factors – life expectancy and other income sources.
- Give cash to your heirs now, or later? Know the pitfalls
Those considering giving away an asset during their lifetime should work with a financial planner to anticipate their needs through retirement, including what can go wrong and how much should be kept in reserve, Mr. D'Souza says. Among the factors to consider are a financial crash, a debilitating illness that requires expensive care, or a late-in-life divorce.
- Navigating the potential pitfalls of U.S. property ownership -
With the decline in the real estate market in the United States following the 2008 financial crisis, many Canadian residents have taken advantage of investing in U.S. real estate for income generation and/or personal vacation homes. This was especially advantageous for Canadians between 2010 and 2013, when the Canadian dollar was close in value to the U.S. dollar. Many Canadian resident taxpayers fail to realize that the acquisition of U.S. property may result in income tax and other information reporting requirements in both Canada and the U.S. Further, if the property generates rental income, that income may be determined and treated differently in Canada and the U.S. (Click on the above link for the full article)
- Technology in Pokémon Go has multiple real-world applications –
“I think the Pokémon craze is really just the first cut to appeal to the mass. In five years, there will be a lot of different augmented reality applications,” Rogers said. Richmond said this type of technology is the third new medium of the 21st century. In the 20th century, there was TV and radio. In the 21st century, it will be the internet, mobile and immersible technology (augmented reality). “These new mediums will change every aspect of our daily lives,” Richmond said. “However, we are still in the early days. It’s equivalent to Thomas Edison handing someone a film camera and telling them to shoot a movie in 1900”. (Click on the above link for the full article)
- Looking at Future Portfolio Returns
The past two days, we’ve considered the likelihood that future returns for bonds and stocks will be disappointing. Now, we get to the punch line: what does this mean for our own investments? And is there anything we can do about it? First, returns have been lower over the past 20 years than they were during the 20 years before that, and a bit lower over the past 10 years than they were during the 10 previous. Given that trend, projecting somewhat lower returns for the next decade does not seem unreasonable.…….. (Click on the above link for the full article)
- Ignore U.S. tax-filing obligations at your financial peril
When I think about our cousins south of the border, I think about President Herbert Hoover, who chose to give his full salary back to the U.S. government. Some would say that, today, the U.S. government would like everyone to do the same and it’s the job of the Internal Revenue Service (IRS) to make sure it happens. The fact is, even Canadians may owe tax – or have tax-filing obligations – south of the border. So, while our tax-filing deadline looms here in Canada on Monday May 2nd, don’t overlook the requirement you might have to also file in the U.S. Here’s a primer for Canadians on tax filings with Uncle Sam. (Click on the above link for the full article)
- Boomers, don’t sit around on your plans to downsize your home!
Boomers, your biggest regret five years from now may well be your complacency about housing in 2016. There’s been a noticeable uptick lately in the number of voices raising concerns about the surge in house prices in some cities, most notably Toronto and Vancouver. We’ve seen this happen a few times in the past several years, only to have house prices keep rising and housing skeptics retreat into silence. Click on the above link to read the full article.