Daily Archives: October 27, 2016

TPC in the News: CBC Interview on Financial Transparency

October 27th, 2016

CBC recently brought Tim onto the news to discuss a recent CIBC settlement, as well as the broader issues relating to financial literacy in Canada. Canadians are becoming increasingly frustrated with the lack of transparency with regards to their finances, which is why we are so dedicated to educating the country with clear and unbiased information.

See the interview below:

When Disclosure Fails to Disclose: CRM2

September 14th, 2016

There’s a new set of reporting rules coming to Canadian investment accounts soon, known as CRM2. If you haven’t heard of it you should sit up and take notice, because for a large portion of Canadians it will be nothing more than confusing and deceptive.

The Client Relationship Model – Phase 2 (CRM2) is a new set of industry regulations meant to provide Canadian investors with more details on their investment costs and performance. It was developed by the Canadian Securities Administrators, an organization representing Canada’s investment industry regulators.

CRM2 regulations have been phased in over the previous three years, with the final steps implemented on July 15th, 2016.

Specifically, starting July 15th, 2016 the following changes will be implemented:

1) Investment firms are […]

Are You Spending More Than Your Relationship Can Afford?

September 22nd, 2014

I read an article in the newspaper the other day which offered the following advice: don’t tell your spouse, “I went through the credit card statements and can’t believe you spent so much on stuff we don’t need.”

Is this good advice or bad advice?

Personally, I think it’s a little bit of both, depending on the couple.

My office frequently has clients send us copies of their bank and credit cards statements so we can monitor the activity in their accounts. On more than one occasion we’ve been shocked by the amount of activity on credit card statements. In one particular case that stands out, the statement averaged more than 20 individual charges per day. What individual needs to make over 20 […]