This week I want to emphasize the upcoming Canadian Financial Summit, which takes place from 22-25 October. This annual online event brings together some of the best experts in the field of personal finances in the country – and this year’s line -up is incredible.
You hear new insights from David Chilton, Canada’s rich hairdresser himself, together with Dr. Preet Banerjee, Shannon Lee Simmons, Rob Carrick and much more.
I will also present a session about pensions versus converted values - a subject that often comes up in my work with employees in the public sector trying to decide whether they remain in their plan or take the present value and invest themselves.
If you want to tighten your financial knowledge, here is a taste of what you can expect from this year’s top:
- How you can plan your own pension at any age
- Maximizing your company investment accounts
- Saving on taxes by optimizing your RRSP-to-RRIF transition
- Combining a DIY -self -portfolio with an annuity for adapted income
- Get the most out of your dividends versus salary strategy as the owner of a small business
- How rates can influence your investments
- Transition from savings to expenditure on retirement
- Manage risks when you retire
- Real RRSP and strategies for income split
- Optimizing your pension plan when approaching retirement
It is free to attend, and you can register with Canadianfinancialsummit.com.
Now, on the links of this week …
This week’s summary:
No messages from me since my last weekend read update about why “alts” or alternative investments grow in popularity for the wrong reasons.
Last week I attended the Institute of Advanced Financial Planners (IAFP) symposium in Nanaimo, BC. The event brought 150 of the best financial planners in the country – those who are really looking forward to the best interests of their customers and consistently want to increase their own knowledge and skills to better serve their customers.
A highlight was the presentation of Tanya Staples about the pension realities in Canada today – in particular the challenges that women are confronted with. She discussed how the motivators and barriers for financial planning differ considerably for men and women, driven by factors such as financial knowledge, risk tolerance and living conditions.
Indeed, women are often systematically sidelined in building wealth, although their life programs require differently. Too often women play the second violin in financial decision -making, postponing male partners in investing, budgeting or planning. Yet women generally live longer and are often left to manage large sums of money in later life. Add here the obstacles of lower lifelong income, stereotypes, bias in financial services and perceptions that women “do not understand money” – and you have a mountain to climb.
Promo of the week:
I opened my wealth app on Wednesday and was pleased to see that they are now supporting self-driven business accounts with several owner. That means that we can start transferring our business investment account from Questrade to WealthSimple, so that all our bills are finally in one place.
The other good news is that we can finally also benefit from the current “Summer” Match program that is still ongoing until 15 October. We have now registered for the corresponding promotion of 1% and can expect that we will receive around $ 5,600 back in cash in the coming 12 months thanks to the ~ $ 560,000 account transfer.
Here is another push for those among you on the fence.
I have already spoken with dozens of readers and customers who have used this promotion and are on their way to receiving thousands of dollars in cash back:
- Open a power account (here, use my reference link here and receive an extra $ 25: http://wealthsimple.com/invite/fwwpdw), And;
- After you have opened an account, or if you already have an existing account, you want to register for the summer Match offer: http://wsim.co/summer-margin-match-2025
- Start an account transfer by Your wealth platform – it’s easy – within 30 days of registration.
One comment: make sure that you also open a wealth check account – that is where the bonus of the cash register is deposited.
Someone from the WealthSimple transfer team reaches contact via e -mail offer to help. Take advantage of the support if you have never transferred accounts between institutions.
Weekend reading:
It is official – the annual TFSA – contribution limit stays at $ 7,000 in 2026. That takes the lifespan limit of up to $ 109,000 for those who were at least 18 on January 1, 2009. Look at the next $ 500 rise to the annual limit that will be in 2027.
There are online financial influencers who give good advice, and then there are things like this: Alberta ‘Finfluencer’ that had no formal education in finance beaten with a fine of $ 40,000 and a prohibition of two years From offering advice.
If you invest through one of the large Canadian banks, you want to watch this video:
Tanya Staples studies what the results of good pension planning and its drive Focus on women can make a real difference.
Pension researcher David Blanchett explains How you can use a lifetime protection and guarantees To create better pension results.
Defined benefit pension schemes are generally regarded as the Golden Standard in the Pensioen Income Security, but the many decisions in the lifetime of the member can, however have a significant impact on the amount of pension they ultimately receive.
You may think that access to more data than ever should make our better investors. Good, New data says no:
“The authors of the research suggest that more data lead to more recklessness, which has long been associated with investors underperformance.”
Finally, view Rob Carrick’s newest substack where he shares A dozen thoughts about investing based on 30 years of experience.
Have a nice weekend, everyone!
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