RRSP Season Again: The $1 Trillion Opportunity

Over $1 trillion: At last count, that’s how much that was reported by Statistics Canada as the total amount of unused Registered Retirement Savings Plan (RRSP) contribution room of Canadian taxpayers.1 While unused contribution room may be carried forward indefinitely — and there may be good reasons to do so — there is a forgone opportunity of tax-deferred, compounded growth.
RRSP contributions appear to be declining over recent years, perhaps due to certain perceptions. One belief is that it is […]

thank you

Growing our Business, Thanking You, and Supporting our Community

Over the years, as many as 95% of our clients have come to work with us through a referral from an existing client. We are fortunate to have a business which grows essentially on word of mouth. We would like to extend our gratitude to every client that has referred a family member or friend to us over the years.
We have additional capacity in our firm and would like our growth to continue. The big questions we grappled with […]


The Yield Curve and Interest Rates: What Do They Mean?

If you’ve been paying attention to the markets or the media lately, there has been a lot of talk about the yield curve.
What is the Yield Curve?
Simply put, the yield curve is a graph that plots the interest rate yields of bonds over time. Usually, longer maturity bonds have a higher yield than shorter maturity bonds because investors are compensated with higher returns for tying up their money for a longer period of time. However, in March of this […]


Budget 2019: New Housing Affordability and Retirement Planning Initiatives

In late March, the Federal Government tabled their final budget prior to October’s federal election. The Budget holds key initiatives aimed at helping young people with housing affordability, and to help seniors with retirement planning. Here are some notable changes that may impact you or your loved ones, specifically targeting the young and the old:
The Young: Housing Affordability
While many children may be hoping for support from the bank of mom and dad to purchase a home, if this isn’t […]


New Retirement Investment Vehicle coming in 2020

The federal budget has introduced a possible solution to help Canadians highly concerned about out-living their money. A recent CBC news article refers to a new type of retirement savings product — ALDAs, or Advanced Life Deferred Annuity, and VPLAs, or Variable Payment Life Annuities — that may be hitting the product shelves of financial institutions in 2020. 
The plan will allow retirees to keep more savings tax-free until later in retirement. The rules are being amended to permit seniors to purchase […]


Keeping the Elderly Safe

Are you concerned about elderly parents or relatives? A recent CBC news report provided a disturbing account of an elderly man who fell prey to an online dating scam. Over an eight-month period, he communicated with someone posing as his girlfriend and lost over $700,000 by wiring funds overseas.1
As it turns out, stories of financial abuse of the elderly aren’t as uncommon as we think. It doesn’t always happen from afar and can occur at home to acquaintances or […]


Federal Budget 2019 Summary

Here are highlights from the 2019 Federal Budget, which seeks to close tax loop holes to make a fairer tax system, and offers incentives for first time home buyers, training credits for eligible workers, and improvements to the Registered Disability Savings Plan:
Modernizing the Home Buyers’ Plan
Currently, the Home Buyers’ Plan (HBP) allows first-time home owners to withdraw up to $25,000 from their Registered Retirement Savings Plan (RRSP) to purchase or build a home, without paying withdrawal tax. The amount […]


New Year’s Resolutions for Investing in 2019

The year 2018 will be remembered as a difficult one for the Canadian equity markets. Trade tensions and tariffs imposed by the U.S. created ongoing volatility at home and abroad. Concerns over Canada’s competitiveness have been put under the spotlight—the result of falling foreign direct investment, slowing gross domestic product growth and problems in getting our deeply discounted oil to broader markets. While the federal government acknowledged the need to support business competitiveness in its late November fiscal update, […]


Checking Investment Statements Frequently can be Misleading

Media coverage of short-term market volatility is prompting
people to worry about their investments. Market analysis of past, rolling
return holding periods helps to shed some light on these fluctuations, and how
we should respond. And our response is typically to do nothing.

Do Nothing? Data Analysis Tells the Story

Here below shows data representing rolling return holding
periods from Bloomberg LP for the S&P 500 from January 1, 1928 to June 30,
2018 (the past 90 years). The idea behind using rolling returns is […]


Reflecting on a Turbulent Year: Diversify, Stay Disciplined

This past year the markets fluctuated again and again. After years of low volatility, this year saw lots of volatility, especially towards the end. We’ve written about this recently, and believe it’s important to go back to our core thesis: Markets work.
Markets are Unpredictable Short-Term
The uneasy part of the market is that no one knows where it will go short term. There are many articles in the media telling you which way it’s going to go and when. That […]