Finance

Just because your ex failed to disclose assets, doesn’t mean you get a cut

The non-disclosure of assets is a recurring theme in family court./iStockphoto Family lawyers advising their clients inevitably tell them something like this: Provide full financial disclosure to your spouse or your agreement could be set aside. Despite the ubiquity of this counsel, the non-disclosure of assets is a recurring theme in family court. But it […]

Finance

Canadians using their homes as ATMs in a swooning housing market put financial system at risk: DBRS

Borrowing on Helocs to fund everything from home renovations to car purchases has grown faster than residential mortgages since 2017, and undrawn commitments at the large Canadian banks stood at $120 billion./Thinkstock Canadians are ramping up borrowing against their homes even as the real estate market slumps, exposing the country’s financial system to vulnerabilities, rating […]

Finance

These are the potential tax measures federal budget watchers are speculating about this year

Finance Minister Bill Morneau is expected to table the budget the week of March 18, though it could also be delivered sometime in April.Sean Kilpatrick/The Canadian Press Speculation is rampant in the tax community as to both when the government will deliver its final federal budget before the October election and, more importantly, what tax […]

Finance

B.C. couple charging $3,100 a month for a condo that’s still losing money told to sell rental properties

This couple owns two condos, but the properties are not generating the return they should be.National Post photo illustration by Gigi Suhanic Situation: Almost $10,000 monthly net cash flow but heavy property investments aren’t earning a return Solution: Sell two rental condos, use net cash to pay down home mortgage, calibrate retirement income A couple […]

Finance

RRSP vs. TFSA: Why the tax free savings account is often the better choice for savers

RRSP or TFSA. Which one is better?Illustration by Chloe Cushman/National Post files TORONTO — The registered retirement savings plan (RRSP) is one of the best-known tax shelters available to Canadians, particularly in the weeks before the annual contribution deadline, which is March 1 this year. But financial experts say a tax free savings account (TFSA) […]

Finance

The RRSP strategies every investor in their 60s should know

If you are in your 60s, there are strategies you should be considering concerning Registered Retirement Savings Plans.Ryan Remiorz/The Canadian Press During RRSP season, the attention is focused on long-term retirement savings accumulation for young and middle-aged savers. It is not surprising given these are the best clients for banks and investment firms to target […]