by citicinn | May 19, 2015 | Uncategorised
Vandalizing money is a crime under Canadian law. Therefore you cannot draw a mustache on the Queen’s picture or set fire to a shiny new bill. If I were to hand you a $20 bill and ask you to throw it in the trash with the baby’s dirty diapers and meat bones would... by citicinn | Apr 7, 2015 | Uncategorised
Some people don’t like the word budget, equating it to shackles on their desire to spend and enjoy life. In my experience as a financial planner, I have observed that perspective may stem from being unable to fulfill an unrealistic budget objective. There are 2... by citicinn | Mar 24, 2015 | Uncategorised
CRM2: Sounds mysterious but it simply stands for Client Relationship Model 2. CRM2 was the regulatory organizations’ response to the 2008 financial crisis. CRMII has mandated clear disclosure to investors. The process of CRM2 has already begun, and if it stays... by citicinn | Mar 13, 2015 | Uncategorised
The title of this post was a recent client question. It is a timely question, and what follows will expand on the diagram. The Canadian Securities Administrators(CSA) create policies which govern the investment industry in Canada. These policies are called National... by citicinn | Feb 5, 2015 | Uncategorised
The Tax Free Savings Account(TFSA) may have been deliberately misnamed. The point of a TFSA is to invest as opposed to save. Do you know the crucial difference? Growth within a TFSA is not taxed. Nor will you pay tax on any withdrawals from a TFSA. This is unlike a...
