Who will make financial decisions for you?
Financial decisions can be difficult to make. Imagine how difficult they are if you lack mental capacity, writes Peter Watson. One aspect of estate planning is having a power of attorney for property. That allows you to select someone you trust to make those important decisions is you lack mental capacity. Financial decisions can include […]
Investment Advisor Awards May Mislead Clients
When you attempt to evaluate the quality of an investment advisor, are you influenced by special awards they have achieved? If so, be careful, writes Peter Watson. Some of these awards are not based on investment or financial planning proficiency. They are based on sales production or how much money an advisor manages. The Ontario […]
Federal Government Loses Billions in Unpaid Taxes
Every year the federal government loses just over $22 billion in unpaid taxes, writes Peter Watson. A recent report from the Canada Revenue Agency (CRA) reviewed the years from 2014 to 2018. The total amount of federal taxes that were not collected during that time period was $111 billion. In an era of ever ending […]
Canadians Will Spend More This Holiday Season
Holiday spending will increase this holiday season, writes Peter Watson. Holiday spending is forecasted to rise sharply from last year. After the pandemic lockdown, Canadians want to shop, celebrate, and spoil friends and family. This insight is according to Deloitte Canada’s 2021 Holiday Retail Outlook. Holiday spending during 2021 is expected to increase 31 per […]
What is the future for Robo Advisors?
Canada’s best known Robo Advisor’s founder was full of enthusiasm in 2017 at the opportunity to disrupt the mutual fund distribution business. This included financial advisors and the big five banks that distribute funds through their branch network. Disruption then, and now, is the dream of many entrepreneurs who try and take innovative technology methods […]