The internet offers no lack of information on personal financial management, or finances in general. In fact the opposite is true, the amount of information is a daily deluge of facts, opinions, and some fiction. Your conduit to the financial world is me as your...
Financial planning is a highly regulated profession. One common policy of the 3 licenses I hold is that I must only advise on topics that are covered by my licenses. For example, I have a life insurance license. I therefore cannot advise on topics covered by an...
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...
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...
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...
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...
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...
I recently had a rather spirited discussion about how the Bank of Canada’s recent rate decrease would affect my clients. The other party to the discussion was adamant that what was good for the macro economy would be good for the participants in that economy,...
Hi Everyone, As I write this the nights are cooler and the leaves are changing color. I just returned from a professional work conference held in BC. It was an intense learning experience with some fun thrown in. I debated on the format of this newsletter and since it... 
