Investment Planning

Risk Metrics for Private Client Portfolio Assessment

Investing involves putting your money into something –  a stock, a bond, a piece of real estate – with the intention of earning a positive return.  With the industry-wide implementation of the Client Relationship Model II, also known as CRM2, investors now have greater disclosure and transparency into their investments so that they can better assess whether their portfolio is in line with – and progressing towards – their financial objectives. This is a very positive development that helps re-establish trust between the investment industry and investors. What I feel is missing from the broader conversation about client transparency, however, […]

Read More

Investing through a global lens

Canada, to use the old (pejorative) adage, is the country known as “hewers of wood and drawers of water,” historically reflecting our economy’s reliance on natural resources. While we may chuckle at this antiquated notion, many investors continue to adhere to an analog of this concept where a strong reliance or preference exists for investments within Canada. As the global economy has blossomed over the past few decades, the investment opportunity set outside of Canada, and the ease with which it can be accessed, has increased. By embracing leading companies outside of Canada, in both developed and emerging markets, your […]

Read More

Currency risk management for Canadian retirement accounts

Canadians are in the full swing of retirement savings plan (RSP) season, and to build on Jeremy and Matt’s January 31, 2017 blog entry related to cross border taxation of RSPs, which you can view here, I will highlight a couple of issues related to foreign exchange risks faced by retirement accounts within a cross border context. Registered retirement savings plans (RRSPs/RSPs) and registered retirement income funds (RRIFs/RIFs) are tax-deferred savings and income vehicles respectively, available to Canadian residents for the purposes of accumulating funds or providing income for retirement. Contributions to an RSP, as well as investment growth on […]

Read More

Bigger Opportunity or Bigger Trap? The TFSA Budget Change and the Impact on Your Cross Border Situation

The 2015 budget changes that the Conservative government in Canada recently announced included some goodies aimed at casting the Conservatives in a favourable light with middle-class Canadians come election time later this year. In addition to a welcome change to the Registered Retirement Income Fund (RRIF) withdrawal formula which aims to help senior citizens over 71 years old reduce the risk of outliving their capital, another government “gift” was the not-entirely-unexpected increase to Canadians’ Tax Free Savings Account (TFSA) contribution room, almost doubling the $5,500 limit to the new amount of $10,000, which the Finance Minister and the Canada Revenue […]

Read More