UPotential is a fee-for-service financial planner – meaning that our compensation is based on a transparent, pre-established rate agreed upon before our engagements begin. We do not receive any compensation from, and do not offer, the sale of any investment or insurance related products/services. As a UPotential customer you will be under no obligation to utilize any particular investment or insurance product/service to action any of the plans we create. If you wish to engage the services of ETF Capital Management – a registered portfolio manager – you should be aware (and will be made aware at the time) that UPotential is under common ownership. Our goal is to help you get the most out of your money – so we will act always in the best interests of our clients, with full transparency, and in a manner which aligns our interests accordingly.
The Two Ways To Ensure That Your Money Buys You Happiness
What if we changed our world view and acknowledged that money does buy happiness? When interpreted correctly, this statement can be life changing.
First Home Savings Account
The First Home Savings Account is a brand new way for people to save to buy their first home. Here is a Here is a Video Overview of the newly available registered account that can help many Canadians save towards their first home.
Yes, there is risk in Canadian bank deposits for the unwary and complacent
This article explains how the Canadian banking system would deal with the banking turmoil that is currently affecting European and American banks. It’s timing is perfect; since I had two such discussions with clients just this week.
Time to Get Used to Higher Rates
It’s easy to get caught up in jargon when you work in finance. There is no shortage of acronyms (RRSP, CPI, HISA…) and there are a lot of terms thrown around (bullish, bearish, doveish, hawkish). This article introduced a new one to me: “the five year, five year forward”. No wonder people stop listening. The terms that are most important are the ones that affect you and your household.
Key Dates For 2023
In this brief 3-minute video, we give you a look ahead to some important tax considerations for 2023.
10 Recession Mistakes People Make With Their Money
Declaring a recession is only possible when we are looking back at the previous quarters’ economic performance. So, whether we are in a recession, approaching a recession or the magnitude of any recession that does appear, resilience is key.
How Your Enneagram Type Determines Your Wealth
I have been a student of behavioural finance since I graduated from university. In the early years, the focus was on how behaviour would affect your investment decisions.
The Art and Science of Spending Money
Building wealth must be about more than just seeing a larger number on your investment statement each year. Wealth translates into life satisfaction when it has a purpose.
11 tax changes and new rules that will affect your finances in 2023
Saving taxes is very often the best return on investment you can get. Investment returns are unpredictable but sound tax planning can be a methodical way to improve your overall financial situation.
Emotions Aren’t the Enemy of Good Decision-Making
It is natural to be emotional when making a decision. Recently, I booked a vacation at a cost that I never believed I would ever pay. Pent-up demand, inflation and high season conspired to empty my wallet and fill my stomach with knots.