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Tim Paziuk

Educator, Lecturer, Author and Financial Planner

Tim Paziuk CFP, educator, lecturer, author and financial planner has spent his career trying to help people keep more of what they earn. As President of TPC Financial Group Ltd, Tim travels the country lecturing to University Students and Professional Groups while at the same time managing his own fee for service planning practice. He has twice been recognized by Advisor's Edge magazine as one of the top financial planners in Canada.
How Much Do We Tax The Middle

How Much Do We Tax The Middle Class?

The Liberal Government has stated they want to build a strong middle class, but who comprises the middle class? Mr. Morneau in his 2017 budget speech stated, "All Canadians must pay their fair share of taxes," but what is a "fair share"? Let's do the math and find out.
04/06/2017 10:41 EDT
Are You Being Ripped Off By Your

Are You Being Ripped Off By Your Bank?

Over the last few weeks, there has been much press about how the banks have been accused of "upselling" clients and pressuring staff to market financial products to customers that they do not need. High-pressure sales tactics are not always that apparent. When one thinks of high-pressure sales tactics, it usually involves someone in your face trying to convince you to buy something you probably don't want. It is often a very uncomfortable situation, and all you can think about is trying to get away.
04/04/2017 04:23 EDT
Why Now May Be The Best Time To Lock-In Your

Why Now May Be The Best Time To Lock-In Your Mortgage

While the federal government is trying to rein in some of the borrowing that's taking place by making it more difficult to borrow, every one of us should take heed -- interest rates will rise. I believe the most important thing individuals should be doing is locking in their mortgages (ideally for five years).
10/19/2016 04:56 EDT
CRM2: When Disclosure Fails To

CRM2: When Disclosure Fails To Disclose

The Client Relationship Model - Phase 2 (CRM2) is a new set of industry regulations meant to provide Canadian investors with more details on their investment costs and performance. It was developed by the Canadian Securities Administrators, an organization representing Canada's investment industry regulators.
09/07/2016 11:06 EDT
Owning Stocks In Retirement Is Not As Risky As Some People

Owning Stocks In Retirement Is Not As Risky As Some People Think

If you're retired and living off the interest you receive from your fixed income investments (regardless of what the interest rate is), your capital is dropping in value every day. This drop in value is not noticeable on your statement, but is certainly noticeable when spending your money.
03/18/2016 05:19 EDT
Actually, You Might Be Poorer Than You

Actually, You Might Be Poorer Than You Think

Regardless of what type of investment products you're using, you should always know what it's costing you to have your money managed. If nothing is done to reduce the fees institutions are charging for investment management services most Canadians are going to be poorer then they think.
10/31/2014 01:46 EDT
What Effect Would Negative Interest Rates Have On Your

What Effect Would Negative Interest Rates Have On Your Finances?

Imagine that you found out tomorrow that your bank was going to start charging a storage fee on your cash. What would you do? I think most people would withdraw their money from those accounts and keep it in cash. It's unlikely they would spend or invest it, even though that's the purpose of imposing negative interest rates.
07/15/2014 05:55 EDT
Reduce the Forced RRIF Minimum

Reduce the Forced RRIF Minimum Withdrawal

If the government doesn't like the idea of removing withdrawal minimums, they should at least peg minimum RRIF withdrawals to current government bond yields. Forcing someone at age 72 to take out 7.48 per cent when they're only earning 2.5 per cent is simply not fair.
07/07/2014 05:58 EDT