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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.
Don't Invest in

Don't Invest in Worries

If you're an average Canadian, you probably own a principal residence and have a few dollars invested or saved somewhere. If you have money invested in stocks, bonds or real estate, you may be concerned about losing your money. This is a reasonable thought; although, depending on what you're invested in, your concern (read: worry) is probably a waste of time.
06/13/2014 05:35 EDT
How to Think About

How to Think About Taxes

Unlike the average Canadian, I consider myself a tax nerd. It's front and centre in my thoughts for most of my waking hours. Now you might find that boring and weird, but it's people like me who are trying to help people like you. Here's a simple example of how my brain thinks about taxes.
06/06/2014 05:10 EDT
Are You a Zombie

Are You a Zombie Investor?

Whenever I think about zombies, my mind immediately creates a picture of a group of blank face dead people walking around with no thoughts of their own. When you make an investment decision, are you basing that decision on facts gathered through a due-diligence process? Or are you mindlessly following the crowd?
05/08/2014 05:46 EDT
Forced Selling: An Offer You Can't

Forced Selling: An Offer You Can't Refuse?

Many people are unaware that "coercive tied selling" is illegal in Canada. According to the Financial Consumer Agency of Canada, "This means that banks are not allowed to unduly pressure or coerce you into a product or service from their affiliates as a condition for obtaining another product or service from them."
05/04/2014 02:03 EDT
Advisor, Salesman or

Advisor, Salesman or Thief?

If you like rants read on... I've had it with an industry that screws young people because of its own greed. Why is it that
04/17/2014 06:02 EDT
Don't Get Upsold - Treat Your Bank Like a

Don't Get Upsold - Treat Your Bank Like a Store

Is our financial system broken or just designed to take advantage of the average person? When you go to the bank to make a deposit or pay a bill are you expecting to be sold? Probably not, but it happens all the time.
04/12/2014 12:29 EDT
Don't Use Your RRSPs To Invest in Private

Don't Use Your RRSPs To Invest in Private Companies

It is extremely easy to buy into private companies; they will be more than willing to use your money to fund their ideas and aspirations. It is very difficult for the average investor to successfully "invest" in private companies, since success requires some type of return. I'd rather sit back, enjoy a beer as a customer, and consider some other investment options.
04/05/2014 12:46 EDT
Can You Account For the Cost of

Can You Account For the Cost of Friendship?

When dealing with advisors, an important consideration is competency. If the person you're working with isn't competent, how much is it costing you? I might find that my client's banker is overcharging them or their accountant is less than adequate, only to hear them say that they can't move their business because the person they deal with is nice or maybe even a friend.
03/26/2014 12:18 EDT
Is the Financial Sky About to

Is the Financial Sky About to Fall?

Today most people don't want to believe that the US could default on its obligations, but the simple truth is that nothing, I mean nothing, can continue to expand and not explode. It's a simple law of physics. So is the sky falling? You tell me. And if it is, how can you best prepare for it?
03/06/2014 05:29 EST
The Difference Between a Mutual Fund and a

The Difference Between a Mutual Fund and a Seatbelt

Like seatbelts, when it comes to public safety, the Federal Government can intervene. So why ban on Deferred Sales Charges? Quite simply, it's an issue of public safety. There is nothing beneficial to the consumer about a DSC. As a matter of fact, it's nothing more then a legalized trap created by companies that produce and market mutual (and segregated) funds.
01/28/2014 05:28 EST
Is Debt the New

Is Debt the New Addiction?

Have we become a society addicted to debt? Based on some recent surveys, I would have to conclude that the answer is yes. Debt has become an acceptable fact of life in our society. Can you live without borrowed money? If not, you may be living on borrowed time.
12/19/2013 06:22 EST
What the Mutual Fund Industry Isn't Telling

What the Mutual Fund Industry Isn't Telling You

I don't believe the average person has any idea of what an imbedded commission is or how it affects them. As a matter of fact, I wouldn't be surprised if most investors of mutual funds had a better understanding of how a black hole works. The root of this conundrum is that advisors who sell mutual funds usually get paid from the fund companies.
11/14/2013 08:28 EST
Does Your Financial Plan Make Any Sense to

Does Your Financial Plan Make Any Sense to You?

Is your financial plan just a bunch of numbers crunched to the point of no return? I often wonder if the general public has any idea about what really goes on within the financial services industry. When they take the step towards planning for their financial objectives, are they receiving the best advice available or simply the most available advice?
10/22/2013 05:59 EDT
How Do You Imagine Your Retirement if it's 30 Years

How Do You Imagine Your Retirement if it's 30 Years Away?

How do you envision your retirement? I imagine that for most retired (or nearly retired) people, you'll have a better idea of what life will be like; but what if you're 20 or 30 years away? I think most people in that age group would have a harder time giving a confident response.
10/11/2013 05:35 EDT
A New Perspective on the Unemployment

A New Perspective on the Unemployment Rate

I think Canada is doing well when you consider that most people who want to work can get a job -- somewhere -- doing something. Perhaps we're focused on the wrong thing. Maybe we should be looking at the other side of these numbers. Maybe we should rejoice in the fact that 92.8% of the labour force is working. Maybe it's time Canada developed a glass almost full kind of attitude. Maybe being a business owner is something more should consider because, after all, Canada is a land of opportunity.
09/11/2013 05:28 EDT
Where is Your Charity Money Really Being

Where is Your Charity Money Really Being Spent?

The results of a recent study conducted by <em>MoneySense</em> on charity spending are shocking, to say the least. The difference in the ways that charities are being run is frightening. I counted 13 very well-known charities that spend less than 50 per cent of the money they raise on programs. Two were less than 40 per cent!
08/29/2013 05:27 EDT
When it Comes to Your Mortgage, Every Day is Opposite

When it Comes to Your Mortgage, Every Day is Opposite Day

It wasn't too long ago that banks were recommending locked in mortgages because they told us rates could be going up. What happened, of course, is that interest rates came down as we've seen, and a lot of people were (and some still are) paying significantly higher interest.
08/14/2013 12:30 EDT
How the Government Sneakily Pockets Your

How the Government Sneakily Pockets Your Pension

I read an article the other day that brought up a problem that sadly, happens more than we think; dying before you collect Canada Pension Plan (CPP) retirement benefits. The message was clear and correct -- a lot of people contribute a lot of money into CPP and never receive an income payment. Is this fair? I don't think so.
07/26/2013 05:36 EDT
A Question For You About

A Question For You About Drugs

Should the government be allowed to force pharmaceutical companies to continue manufacturing drugs that are no longer profitable, if these drugs are in the public best interest? I'm really struggling with this one.
07/16/2013 08:03 EDT