Tim Paziuk’s Blog

TPC in the News: CBC Interview on Financial Transparency

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…

Continue Reading


When Disclosure Fails to Disclose: CRM2

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…

Continue Reading


Are You Spending More Than Your Relationship Can Afford?

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…

Continue Reading


When it Comes to Pensions, Plan for the Worst and Hope for the Best

If you’re one of the fortunate individuals that has a defined benefit pension plan, I predict that your employer may consider changing that to a defined contribution pension plan sometime in the next couple of years. Before I go on, let’s review the difference between these two types of pensions. A defined benefit pension is…

Continue Reading



Reduce the Forced RRIF Minimum Withdrawal

Minimum RRIF (Registered Retirement Income Fund) withdrawals should be reduced to at least their pre-1992 amounts. Prior to 1992, the minimum RRIF payments were significantly less than they are today. At that time, the minimum withdrawal amounts were calculated using a pre-defined formula of 1/(90-Age). If you were a 72-year-old withdrawing funds from their RRIF,…

Continue Reading


Don’t Invest in Worries

How much time do you waste worrying about things over which you have no control, while not spending enough time working on the things you can control? If you’re an average Canadian, you probably own a principal residence and have a few dollars invested or saved somewhere. If you have money invested in stocks, bonds…

Continue Reading


How to Think About Taxes

Most people don’t spend enough time thinking about taxes. Unlike the average Canadian, I consider myself a tax nerd. It’s front and centre in my thoughts for most of my waking hours. Now you might find that boring and weird, but it’s people like me who are trying to help people like you. Here’s a…

Continue Reading


Are You a Zombie Investor?

Whenever I think about zombies, my mind immediately creates a picture of a group of blank face dead people walking around with no thoughts of their own. They settle on something or someone in their mindless state and collectively move in that direction. As a group, they have a goal, but not one of them…

Continue Reading


Forced Selling: An Offer You Can’t Refuse?

Sometimes, consumer protection doesn’t protect. Many people are unaware that “coercive tied selling” is illegal in Canada (another name for this is forced selling). According to the Financial Consumer Agency of Canada, “This means that banks are not allowed to unduly pressure or coerce you into a product or service from their affiliates as a…

Continue Reading