Jason Heath
@JasonHeathCFP
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Fee-only/advice-only financial planner. #PersonalFinance columnist @FinancialPost, @MoneySense, @RetireHappyBlog, @CdnMoneySaver. #retirement #FinancialPlanning
Toronto, Ontario
Joined October 2016
You're wealthier if you have $1 million and spend $25,000/year than if you have $1 million and spend $100,000. It's also easier to save $1 million if you spend $25,000/year than if you spend $100,000. #Wealth is less about how much you have and more about how much you need.
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Charitable donations can support causes and reduce your taxes. In my latest @MoneySense article, I explain the tax implications of giving in Canada and simple strategies to maximize tax savings. https://t.co/sNuv7Rgc4k
#PersonalFinance #TaxPlanning #CdnTax #TaxTips
moneysense.ca
Learn how charitable donations can reduce your taxes in Canada, which organizations qualify, and strategies for couples and investors to maximize tax savings.
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Thinking about buying back pension service? It can boost your retirement income but is it the right move? I explain what to consider in my latest @MoneySense piece. https://t.co/oPoMqCJasb
#RetirementPlanning #CDNfinance #Pensions
moneysense.ca
A DB pension plan member may have the opportunity to buy back pensionable service to increase their future pension. Is this a good idea, and how do you do it?
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Made a mistake on a previous tax return? The CRA’s updated Voluntary Disclosures Program (VDP) may help you avoid penalties and interest. In my latest @MoneySense article, I explain who qualifies and what changed on Oct 1, 2025. 🔗 https://t.co/QeJBXpqN1L
#CDNTax #CRA #TaxTips
moneysense.ca
Learn how the CRA’s updated Voluntary Disclosures Program works, who qualifies, and what relief you can expect if you need to fix past tax filing mistakes.
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🏡 In my latest for @MoneySense, I look at how parents can help their kids keep the family home after they’re gone. A trust can leave them the property and funds for upkeep, but it’s just as important to ask if they want to keep it. https://t.co/i0V0fVlVdp
#EstatePlanning
moneysense.ca
A MoneySense reader wants to pre-fund the ongoing expenses for her house to make it easier for her kids to keep it when she dies.
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In my latest for @MoneySense, I spoke with David Chilton. The @wealthy_barber returns for 2025 with timeless money lessons, updated for today’s costs, new investment tools, and a new generation learning to "pay yourself first". https://t.co/VtJk3k1xrW
#PersonalFinance #Indigo
moneysense.ca
David Chilton’s The Wealthy Barber returns for 2025, updated for today’s costs, new investment tools, and a new generation learning to “pay yourself first.”
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2025 trust & bare trust tax filings in Canada: CRA updates, exemptions & T3 deadlines. Learn what you need to know in my latest for @MoneySense. https://t.co/r7tdMvzZZu
#CdnTax #PersonalFinance #Trusts #TaxPlanning
moneysense.ca
Get the latest on 2025 trust and bare trust tax filing requirements in Canada, including CRA updates, exemptions, and deadlines for T3 returns.
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Selling real estate to family for $1.00? Sounds simple but it can cause big tax and estate headaches. I break down in my latest for @MoneySense. https://t.co/BenG09MuaI
#EstatePlanning #TaxTips #CdnTax
moneysense.ca
A MoneySense reader is worried about a real estate transfer that her mother made to her that could become a problem for her.
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You can’t live on future money. A @MoneySense reader wants to retire before her inheritance arrives. Here’s how she can bridge the gap and stay in her home: https://t.co/bRu00VXjR8
#Retirement #FinancialPlanning #PersonalFinance
moneysense.ca
A MoneySense reader has limited retirement income, a paid-off condo, and anticipates a substantial inheritance from her mother. How can she stop working and remain a homeowner?
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Laid off? If you received a severance package, you’ll need to make important financial decisions. I cover what to do and how to make the best of a difficult situation in my latest for @MoneySense . https://t.co/6RqmuBFSzl
#Severance #FinancialPlanning #MoneyTips
moneysense.ca
If you receive a severance package, you’ll have choices to make around your finances. Here’s how to make the best of a bad situation.
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In my latest for @MoneySense: Why late-career savers need to be careful with RRSPs. While contributing is usually smart, some near retirement may be better off slowing down. Find out why: https://t.co/Gw0l8HFxIC
#RRSP #RetirementPlanning #FinancialPlanning #TFSA
moneysense.ca
While most Canadians will benefit from continuing to contribute until the day they retire, some will be better off calling a halt sooner.
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Full-circle moment: The first personal finance book that I ever read was The Wealthy Barber. So, joining Dave Chilton @wealthy_barber to chat about all things personal finance was so much fun.
Episode #27 is out now! Our guest this episode is @JasonHeathCFP—Managing Director at Objective Financial Partners and one of Canada’s most respected fee-only/advice-only financial planners. In this episode, Dave and Jason cover the foundations of financial planning in Canada,
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Do you pay GST/HST when you build or renovate a house? New homes generally have sales tax payable. What if you build or substantially renovate your home? Find out in my latest for @MoneySense: https://t.co/vEXS4JFW79
#RealEstate #CdnTax #Taxes #HomeRenovation
moneysense.ca
New homes generally have sales tax payable. What if you build or substantially renovate your home?
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In my latest article for the @financialpost, I explore what the future of CPP and OAS means for your retirement plans. Will these benefits last as Canada’s senior population continues to grow? https://t.co/FCFHBg6Bn0
#CPP #OAS #RetirementPlanning #FinancialPlanning
financialpost.com
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What is the CPP death benefit? In my latest for @MoneySense, I explain who qualifies, how much it pays, how to apply, and whether it’s taxable. https://t.co/7ZfHFuu3UO
#CPP #CanadaPensionPlan #FinancialLiteracy #PersonalFinance #EstatePlanning
moneysense.ca
A MoneySense reader is not familiar with the Canada Pension Plan death benefit. Here is a primer
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Tax refunds are common while working due to withholding tax — but things change in retirement. In my latest for @MoneySense, I explain withholding, clawbacks & other surprises retirees should know: https://t.co/NmCDFzBwPN
#CdnTax #RetirementPlanning #TaxTips
moneysense.ca
During your working years, you may receive tax refunds due to the withholding tax on your paycheque—but things change in retirement. Find out how.
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Should you sell stocks you inherit? In my latest for @MoneySense, I explain the tax rules, when to sell, and how to decide if keeping inherited investments makes sense for your portfolio. https://t.co/1yODS0TKqB
#FinancialPlanning #Stocks #Inheritance
moneysense.ca
Employees often have group insurance coverage at work, but people who work for themselves need to make sure they are covered with the right kinds of insurance.
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Self-employed? You don’t get the safety net of group insurance. In my latest article for @MoneySense , I break down the coverage you can’t afford to overlook. https://t.co/BNDnyh0cft
#Insurance #SelfEmployed #IncomeProtection
moneysense.ca
Employees often have group insurance coverage at work, but people who work for themselves need to make sure they are covered with the right kinds of insurance.
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Dividing assets during divorce isn’t simple — especially when it comes to RRSPs. In my latest @financialpost piece, I unpack tax traps, spousal support, and what really happens to your retirement savings when love ends. https://t.co/GVIdsJGBGv
#Divorce #RRSP #CdnTaxTips
financialpost.com
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Many Canadian families, including mine, save for their kids’ post-secondary education with an #RESP account. But how do RESP withdrawals actually work? I explain in my latest for @MoneySense. https://t.co/Dd3i4DRqxp
#EducationSavings #PersonalFinanceCanada
moneysense.ca
Many Canadian families save for their kids’ post-secondary education with an RESP account. How do RESP withdrawals work?
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Can you move income back and forth between spouses? In my latest @MoneySense article, I break down how investment income and capital gains are reported between spouses—and who reports rental property gains. https://t.co/B9Afsiz9tQ
#RealEstate #CdnTax #Tax #TaxPlanning
moneysense.ca
A MoneySense reader wants to report half the capital gain for a rental property on his spouse’s tax return. Can Canadians do this to minimize the tax payable?
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