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How to choose a financial advisor in Canada
– moneysense.ca
The terms “financial advisor” and “financial planner” are often used interchangeably. Whichever you end up using, you’ll want someone who can help you create a detailed plan, one that makes sense for your needs and goals.
“How a doctor creates and shares their diagnosis is more important than the medication,” says Adam Chapman, a Certified Financial Planner (CFP) and founder of YESmoney in London, Ont. “If their diagnosis isn’t accurate, what they prescribe won’t help. The same goes for financial planners.”
With that in mind, here are some helpful ways to evaluate a potential financial advisor.
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What type of advisor fits your needs?
Picking the right type of advisor is probably the most challenging part, according to Chapman…
The federal budget is being met with disdain from Canada’s innovation industry, including tech darling Shopify, which called the capital gains measures in the fiscal plan a potential cause of “irreparable harm.”
What the capital gains tax change means to the tech industry
The sector is disappointed that the Liberal government’s budget tabled Tuesday, April 16, includes a proposed increase to the proportion of capital gain earnings on which businesses pay income tax, to two-thirds from one half. The hike would also be applied to individuals for capital gains earnings above $250,000 in a year.
It said the increase would only impact the wealthiest 0.13% and result in $19.3 billion in revenue over the next five years. However, the proposal was met with dismay from the tech industry, which derided the changes.
“My phone was exploding with texts from leaders across the country saying, ‘This is a nightmare. You have to fix this. They don’t know what they’re doing’,” Benjamin Bergen, president of the Council of Canadian Innovators industry group, said Wednesday…
