Happy Birthday Canada

150 years of awesome!

June 30, 2017

Check out this cool Infographic for some of the most significant social, economic,political and territorial events in Canadian history over the past 150 years.

2017 Federal Budget Highlights

Here is what might affect you...

March 23, 2017

Federal Budget 2017 highlights:

Families: Anyone who has incurred expenses over the past 10 years for reproductive technologies (such as in vitro fertilization) can refile their taxes for that year and claim the expense. This includes single individuals and same-sex couples.

Families: Option to extend EI parental leave up to 18 months (at a reduced rate).

Families: Women can claim EI maternity benefits up to 12 weeks prior to due date (currently 8 weeks)

Sin taxes: One cent more on a bottle of wine, five cents on 24 case of beer.

Bye-bye: No more Canada Savings Bonds. Uber tax: GST/HST to be collected on ride-sharing services.

Public Transit: The Federal tax credit will be eliminated, for transit usage after June 30, 2017.

Tuition: Many occupational skills courses will now qualify for the Tuition Tax Credit.

Care givers: New EI care-giving benefit up to 15 weeks, starting next year.

Businesses and Individuals: EI premiums are increasing.

Disability: Nurses can now certify application forms for the Disability Tax Credit.

Trends in Wealth Management

What clients should expect

November 3, 2016

Last month I attended a wealth management conference in Toronto, called Inspire. One of our speakers talked about trends in wealth management and what clients should expect from us. Here are the top 4 trends:

1.) TOTAL TRANSPARENCY. New legislation is making it easier for clients to know and understand exactly what fees they will be charged and how their advisor gets paid. Whether it’s a commission, a flat fee, or a mutual fund trailer, it’s important that everything be totally transparent.

2.) VALUE ADD. It’s not enough that we serve clients well. We are actually entrusted with delivering “ultimate” care. From both a fiduciary responsibility and a service experience, our goal must be to add value and enhance clients’ lives in meaningful ways.

3.) CONSISTENCY. Money management requires consistency. That means having a disciplined approach to managing risk and investments. This is important to understanding why we recommend certain investments vs others. We plan very carefully how to achieve our clients goals. Nothing is ever done “on a whim”. That is why we are able to provide a full and detailed explanation of our process and investment philosophy to clients.

4.) EDUCATION. We are charged with the task of delivering financial literacy to the next generation: your sons, daughters and grandchildren. We are mindful of preserving the wealth that your family has created. Part of our job is to ensure that it remains protected, by educating the next generation when it comes to financial matters.


QUESTION: What do you expect from the Wealth Management industry? Anything we can improve on? Do differently?

Connect with me on TwitterLinkedIn or by email to provide your thoughts.