Stay informed

Stay informed with what’s going on. Browse posts that might be helpful to you or check out an event happening in your area. Come back regularly as this page is kept up-to-date with a lot of relevant information.
Seven taxes on investments you need to know about

Seven taxes on investments you need to know about

Make the most out of your investments by understanding how taxes affect them.
Learn more in this article.
Reach out to me if you'd like to discuss your portfolio and explore different options!
Median solvency ratio of Canadian DB pension plans stays flat in Q2 2024: reports | Benefits Canada.com

Median solvency ratio of Canadian DB pension plans stays flat in Q2 2024: reports | Benefits Canada.com

118% is a relatively healthy number in terms of a DB pension's ability to continue paying the benefits to pensioners who qualifies for it. But that's just the median value, individual pension conditions will vary.

"A solvency ratio measures how well a company's cash flow can cover its long-term debt. Solvency ratios are a key metric for assessing the financial health of a company and can be used to determine the likelihood that a company will default on its debt."
Bank of Canada's cutting cycle a 'big tailwind for Canadians': economist - BNN Bloomberg

Bank of Canada's cutting cycle a 'big tailwind for Canadians': economist - BNN Bloomberg

Is this economist correct?
Can the BoC rate be a lot lower than the US Fed's rate? What kind of impact would it have on the Canadian Dollar, and our economy?
Canadians are watching.
Kick back this summer but keep an eye on your investments  - BNN Bloomberg

Kick back this summer but keep an eye on your investments - BNN Bloomberg

While you’re relaxing at the cottage, by the pool, or somewhere more exotic, there are some storm clouds in the distance this year that could shock your investment portfolio.
How listing a trusted contact could foil financial elder abuse within families - BNN Bloomberg

How listing a trusted contact could foil financial elder abuse within families - BNN Bloomberg

Provincial and territorial securities regulators are raising alarm bells over a spike in reports of financial abuse against Canadian seniors. What is most shocking is that it is often happening within families.
Has Canada become the land of extreme inequality? Some believe it more than others

Has Canada become the land of extreme inequality? Some believe it more than others

A whopping 38 per cent now see Canada with the most extreme level of inequality, double what it was just 5 year ago.
FP Answers: What are some odd clauses that people put in their wills? Are they enforceable?

FP Answers: What are some odd clauses that people put in their wills? Are they enforceable?

Gifts of personal property can be emotionally priceless, but costly to handle if courts must rule on legal issues. Have a read.
StatCan updates CPI basket to increase food weighting in inflation calculation - BNN Bloomberg

StatCan updates CPI basket to increase food weighting in inflation calculation - BNN Bloomberg

The basket of goods Stats Can uses to measure inflation is being updated.
This is to increase the importance of food in the calculation as Canadians spend more on groceries and dining out.
As affordability crisis hits home, growing majority of Canadians deem oil and gas critical to economy

As affordability crisis hits home, growing majority of Canadians deem oil and gas critical to economy

Industry leaders maintain that this layering on of policy creates confusion and uncertainty, making it more difficult to invest in emissions-reduction technology.
Younger homeowners more likely to be financially stressed: survey

Younger homeowners more likely to be financially stressed: survey

Roughly six in 10 Canadians with a mortgage are financially stressed, with younger homeowners more likely to be under pressure.
Wealthy Canadians sour on state of economy in wake of capital gains tax changes, poll finds

Wealthy Canadians sour on state of economy in wake of capital gains tax changes, poll finds

Only 31% of Canadians in the highest-income group think the economy is moving in the right direction.
Are you concerned about the future of our economy?
Employers rethinking value of employee connections in era of remote work: report | Benefits Canada.com

Employers rethinking value of employee connections in era of remote work: report | Benefits Canada.com

The rise of remote work has led to a loss of workplace social connections that is negatively affecting employees, according to a new report by the Conference Board of Canada. Read the details in this article.
Woman mortgage-free at 42 wonders what to do with the extra cash

Woman mortgage-free at 42 wonders what to do with the extra cash

"...living within her means, paying off all debts, taking advantage of powerful savings accounts and [she] is focused on planning for her future while she still has time to adjust."
This lady is doing great financially, I'm sure she will put it to great use after some quality considerations.
Alberta most popular among Canada's interprovincial migrants: Statistics Canada

Alberta most popular among Canada's interprovincial migrants: Statistics Canada

Alberta has overtaken British Columbia as the most popular destination for people looking to migrate from one province to another, with most of its major cities recording net gains, according to a new report by Statistics Canada.
Average Canadian DB pension plan’s funded position on solvency, accounting basis up in April: report | Benefits Canada.com

Average Canadian DB pension plan’s funded position on solvency, accounting basis up in April: report | Benefits Canada.com

The funded position of a typical Canadian Defined Benefit (DB) pension plan rose on both a solvency and accounting basis in April, details in article.
Warren Buffett eyes Canadian investment as cash pile hits fresh record

Warren Buffett eyes Canadian investment as cash pile hits fresh record

“We do not feel uncomfortable in any shape or form putting our money into Canada,” he said. “In fact, we’re actually looking at one thing now.”

It's worth noting that Warren Buffet also told Bill Gates to divest from his Microsoft holdings way back in the 80s. Gates did, and he is worth $133 billion today. However if Gates didn't divest and held onto his MSFT stocks, he would be worth more than a $1 trillion today.

Diversification certainly reduces your exposure to risk and volatility, however too much diversification will also certainly reduce your returns because you would be spread out too thin and miss out on gains of a few excellent holdings.

Therefore, it is a good strategy to invest in a solid core group of quality holdings and adjust your portfolio regularly. An annual review is great to see which ones are worth adding positions while others should be trimmed or even discarded altogether.

This does not form any formal investment advice, just somethings to think about on a Friday before a long weekend! :)
Employers can support workers' mental health with digital toolkits, adequate coverage: expert | Benefits Canada.com

Employers can support workers' mental health with digital toolkits, adequate coverage: expert | Benefits Canada.com

This Mental Health Week and beyond, employers can support employee mental health using digital toolkits, mental-health coaching and by providing adequate coverage, says Marie-Chantal Côtè, senior vice-president of group benefits at Sun Life Financial Inc.
Why the smart money is buying single-family homes

Why the smart money is buying single-family homes

There’s little argument among experts that single-family houses should appreciate faster than multi-family homes.
Inflation, cost of living hurting education savings plans: survey - BNN Bloomberg

Inflation, cost of living hurting education savings plans: survey - BNN Bloomberg

Perhaps it is time to rethink post secondary education.
I know many parents are reconsidering what they would recommend to their children when it comes to education, not just post-secondary, but even k-12 schooling for their younger children.

With the increasing prevalence of AI, and many new and exciting technologies, can our education system keep up with the development of these new tools for what our world needs the most today? Are our kids being setup for success in the real world? Are they also being setup for successes for both health and wealth throughout their lives?

Technical and trade careers are actually in extremely high demand, as more boomers retire in the next 10 years, Canada faces a shortage of skilled workers in the hundreds of thousands, especially in trades and technology related careers.
Employers and businesses will be looking for talented and qualified individuals to fill these much needed vacant roles.

Often, these roles pay high wages, and they make great launching pads for a small business, and usually only require 1-3 years of technical training with on the job work placements and/or paid apprenticeships.

The best part? With an accelerated and concentrated program, and many opportunities for paid apprenticeships, the cost is MUCH lower compared to a typical 4-year university degree.

With the RESP in Canada, at $2,500 parental contribution + $500 government grant per year (Up to a total grant of $7,200 per kid), at 8% average return over 19 years, that comes to about $120k, that most likely will not be enough for the full cost of a 4 year university degree, but it will be more than enough for 1-3 years of technical/trade school training.

For example, the Electrical Engineering degree from BCIT only costs $32k total and can be done in about 3 years including a mandatory work term.
The commercial pilot program costs $84,000 at BCIT, compared to Waterloo's similar program at $130,000.

There's a ton of great post-secondary education options to explore, and it is an important decision, one that parents should mindfully engage with their children early on and guide them with wisdom and support as they grow up.

The cost is a small part of the equation, and can be managed well with a quality RESP portfolio. I'm here to help!
What are the issues for savings when mental health becomes a burden in retirement? | Benefits Canada.com

What are the issues for savings when mental health becomes a burden in retirement? | Benefits Canada.com

47% — The percentage of Canadian employees who say they’re very worried about running out of money in retirement

Have questions?

Here to help answer your questions, provide clarity about products and get you started on the road to achieving your goals.