RRSP TFSA Strategy Canada: How to Use Each Account to Pay Less Tax
RRSP, TFSA, or Non-Registered? How to Use Each Account to Pay Less Tax Over a Lifetime Most Canadian DIY investors are familiar with their account options. They have an RRSP, a TFSA, maybe a non-registered account, and they contribute to all three when they can. What tends to be less clear is how these accounts […]
DIY Retirement Planning in Canada: Are You on Track?
DIY retirement planning Canada-wide is the same basic puzzle… but the pieces look different for everyone. One of the questions I hear most often in first conversations with prospective clients is some version of this: “We’ve been saving for years, but we honestly have no idea if we’re on track. How do we know […]
Why Most Financial Plans Fail to Spark Excitement: 3 Common Mistakes
Why Most Financial Plans Fail to Spark Excitement: 3 Common Mistakes The difference between having a plan and planning your life I have a confession: My financial planning software is boring. And if you and I only use it to see if you’ll run out of money, we’ve both failed. Over the years working with […]
Fee-Only vs Advice-Only vs Fee-Based vs Commission-Based Financial Advisors in Canada
Fee only? Advice only? Fee Based? How Do I Choose a Financial Advisor in Canada? There are plenty of options for financial advice, but which one is the best fit for you? Let’s break down the different types of financial advisors in Canada, how they’re compensated, and how to find the right match for your […]
Should You DIY Your Financial Planning?
My TED Talk on DIY Financial Planning Can a DIY Investor Really do Proper Financial Planning? I was recently asked to speak on whether I thought a person could create an effective Do-It-Yourself (DIY) financial plan or is it necessary to hire a professional to help in this important area of their lives. I welcomed […]