These tax strategies can help retirees save thousands of dollars each year – Globe and Mail, April 20, 2023
https://www.theglobeandmail.com/investing/personal-finance/article-retirement-tax-strategies/
A timely article from Salmaan Farooqui. As we approach the end of April, and the tax submitting deadline, an important article about tax filing strategies for retirees.
What is considered day trading in a TFSA – soneysense.ca, April 17, 2023
https://www.moneysense.ca/save/investing/tfsa/day-trading-in-a-tfsa/
Jason Heath reviews the ruling that prevents Canadians from making enormous profits in their TFSAs. He provides a great list of what not to do’s to ensure that you are not identified as a “day-trader”.
Clearing up some misinformation about what happens to your RRIF after you die – Globe and Mail, April 18, 2023
https://www.theglobeandmail.com/investing/personal-finance/retirement/article-rrif-death-what-happens/
Rob Carrick answers a reader’s question about what happens to the funds in a RRIF after the holder dies.
Ottawa is offering a 25-year, high-interest GIC: It’s called the Canada Pension Plan – Financial Post, April 7, 2023
https://financialpost.com/personal-finance/retirement/canada-pension-plan-25-year-high-interest-gic
Jason Heath writes about how your “Decision on when to apply for CPP becomes clearer when you think of it as an investment, not income. ” An interesting take.
Why snowbirds who spend significant time in the U.S. face major tax repercussions – Globe and Mail, April 12, 2023
https://www.theglobeandmail.com/investing/globe-advisor/advisor-news/article-why-snowbirds-who-spend-significant-time-in-the-us-face-major-tax/
Dale Jackson examines an issue that is very relevant to folks who “Snowbird” in the United States. Knowing when you may be forced to pay taxes in the US if you stay too long or own property.
“My Favourite Weekly Reads” are articles I have read throughout the week because they were of interest to me … for good, or for bad reasons. 🙂 Sharing them does not mean that I endorse them, unless I explicitly state that. If concepts contained in the financial articles I share are of interest to you please remember that is always a good idea to ask your financial adviser’s advice when considering making changes to your financial portfolio or changing your spending habits.
