Meet June and Jack, a Canadian couple in their mid-30s. They’ve been diligent about saving and investing, but as they sat down to review their Notices of Assessment from the Canada Revenue Agency (CRA), they were alarmed by the numbers they saw. Despite their best...
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FPAC Pro Bono Planning I am a member of the Financial Planning Association of Canada™ (FPAC). Our mission is to build the practice of financial planning into a principled and client-centred profession. Among FPAC’s activities, such as advocacy before governments and regulators (I am a member...
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Bank reputations are “in the toilet” The recent CBC Marketplace story on the sales culture inside the banks has proven to be a cautionary tale when it comes to using the banks for transacting in your financial business. As for the topic of this blog post,...
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Imagine you’re at a bustling farmers market in Ottawa. You see a vendor selling beautiful, handcrafted jewelry. You’re drawn to a stunning necklace, but it’s a bit pricey. You decide to buy it anyway, using your financial capital. As you chat with the vendor, you...
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Implications for Canadian Investors Lee is a diligent Canadian investor who has been carefully building an investment portfolio over the years. Lee’s financial journey includes a Registered Retirement Savings Plan (RRSP), a Tax-Free Savings Account (TFSA), and a substantial non-registered account. Let’s examine Lee’s story and...
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Introduction Concrete financial milestones can serve as checkpoints on your path to financial stability. From paying off student loans to leaving a financial legacy for the next generation or a charity, each milestone represents a significant achievement along your financial journey. In this blog post, I...
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Technical analysis is a popular method used by investors to predict future price movements of securities based on historical data. It involves the use of statistical trends gathered from trading activity such as price movement and volume. It can be compared to studying past weather...
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Meet John and Jane Jane and John are a couple in their early thirties. They own a townhouse in a suburb outside of Toronto. Although the commute is a bit of a burden, their jobs as an architect and software developer, respectively, allow them to work...
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In light of the recent story by CBC’s Marketplace (video, article) about the pressures bank employees face to meet sales targets, Canadians must become more vigilant when navigating financial products and services. I offer the following suggestions to help you protect your interests and ensure...
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In the world of personal finance, navigating the complexities of financial planning can be overwhelming. To make the process more accessible, I’m pleased to introduce FinPlan30 – a no-cost, no-obligation 30-minute conversation on various financial planning topics tailored to the Canadian landscape. FinPlan30 is, in fact,...
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