Should I collect CPP before age 65 and use the funds to pay down my mortgage? – Financial Post, January 17, 2025
https://financialpost.com/fp-answers/collect-cpp-before-65-use-funds-pay-down-mortgage
Allan Norman, Julie Cazzin answer a reader’s question about whether taking CPP early would be a good way to help reduce their mortgage before retirement.
Are minimum RRIF withdrawal rates too high? – Globe and Mail, January 22, 2025
https://www.theglobeandmail.com/investing/article-are-minimum-rrif-withdrawal-rates-too-high/
Frederick Vettese questions “whether retirees can stretch their RRIF income beyond age 94” given the current RIF withdrawal restrictions.
How is a non-registered account taxed upon death? – MoneySense.ca, January 13, 2025
https://www.moneysense.ca/columns/ask-a-planner/how-is-a-non-registered-account-taxed-upon-death/
Jason Heath provides “a primer for Canadians planning for the tax payable on a non-registered account at death, including capital gains and probate tax.”
Death binder 101: Your guide to assembling documents that make life easier for your survivors – Toronto Star,January 12, 2025
https://www.thestar.com/business/personal-finance/death-binder-101-your-guide-to-assembling-documents-that-make-life-easier-for-your-survivors/article_c322fc3a-cc66-11ef-b4b5-f774effa25e0.html
Srivindhya Kolluru chats with Debbie Stanley who suggest that everyone should create a Death Binder which “holds all of your family’s important documents, and should be a part of every family’s estate planning tool kit,”
Moving money from RRSPs, RRIFs and TFSAs in retirement – MoneySense.ca, January 13, 2025
https://www.moneysense.ca/columns/ask-a-planner/moving-money-from-rrsps-rrifs-and-tfsas-in-retirement/
Allan Norman answers a reader question about how to increase liquidity and reduce taxes by moving move money between registered accounts. In doing so he discusses “tax, contribution room and other implications.”
“My 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.
