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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.
Are You Spending More Than Your Relationship Can

Are You Spending More Than Your Relationship Can Afford?

In most households, one person takes responsibility for the household finances. This can work well as long as the person controlling the finances isn't the one with the problem. I think it makes sense that if you're living as a couple and you have joint bank accounts that both partners know what's going on.
09/19/2014 17:22 EDT
Seven Things to Know About

Seven Things to Know About Investing

There are a lot of people who make over $200,000 per year, have over $1,000,000 of investable assets and are often encouraged to invest more than $150,000, without knowing very much about investing. Just because you make a lot of money, or have a lot of money, doesn't mean it should be acceptable to have someone take it from you.
06/30/2013 08:29 EDT
What You Really Need to Worry About When You

What You Really Need to Worry About When You Invest

I come across a lot people who have been taught to equate the idea of 'risk' with losing their money. A common fear is that if they invest in the stock market, they might lose their money. But is that really what you have to worry about? I don't think so.
06/07/2013 05:21 EDT
Canada's Trillion-Dollar

Canada's Trillion-Dollar Generation

Most people believe that having lots of money and not having to work for a living is a beautiful thing, but we know from studying lottery winners that this is often not the case. In many cases, a large inheritance is no different.
05/24/2013 12:12 EDT
How Many Degrees of Separation Are Between You and Your

How Many Degrees of Separation Are Between You and Your Money?

Have you ever considered how many degrees of separation exist between you and your money? What I do know is that the more degrees of separation that exists between you and your money, the more it's going to cost you and the less you're going to get.
05/16/2013 12:05 EDT
Financial Planners May Not Have Your Best Interests in

Financial Planners May Not Have Your Best Interests in Mind

There is a major battle going on in the financial services industry, and your welfare is at stake. What's the war over? Whether or not the person you're trusting to invest your money is legally required to act in your best interest. Right now, they only have to make sure the investments they're selling you are "suitable." I would like to see legislation for fiduciary duty and I'll tell you why.
05/10/2013 08:03 EDT
Have Some Life-Long Debt,

Have Some Life-Long Debt, Son

Most people would agree that you shouldn't have to pay someone else's tax bill. Despite all of the myths surrounding tax filing, this one is actually in accordance with Canadian law. If a relative of yours were to die owing money, you have no obligation to pay their debts. It doesn't matter who they are, parents, siblings, aunts or uncles. If they have spent all their money, and die having nothing but debts, you're in the clear. However, unlike people whose debts die with them, a government's debt is carried forward forever (or until it's paid off). As we move through time, we're getting closer and closer to the point where it will be impossible to "clear our tab."
05/02/2013 05:25 EDT
You're Being Taxed on Your Tax-Free Savings

You're Being Taxed on Your Tax-Free Savings Account

I wish we could call a "time out" for politicians. Wouldn't it be great if we could send them to some dark room in Parliament and make them think about what they're doing? I'm talking about the tax you pay on your RRSP and all other types of investment accounts. Tax on TFSAs, RESPs and RDSPs. Yes, you're reading this correctly.
04/25/2013 12:42 EDT
The Top Five Ways to Save For

The Top Five Ways to Save For Retirement

When it comes to dealing with money, there are two simple ways to break it down: things you can control and things you can't. Once you understand the things that you can control, the next thing is to "try" not to worry about the things you can't. Here are my top five ways to take control.
04/19/2013 08:29 EDT
RBC's CEO Isn't the Only Boss With an Obscene

RBC's CEO Isn't the Only Boss With an Obscene Salary

In response to the backlash surrounding RBC this week, and in particular, against RBC CEO Gordon Nixon, let's look at how CEOs are compensated. Last year, RBC posted record earnings of $7.5 Billion and CEO Nixon received a pay hike of $2.5 million with millions in stock and option-based awards, incentives, and bonuses -- for meeting or exceeding expectations set out by the board of directors. I thought that was pretty shocking until I read about other CEOs. What makes these people so valuable and worth so much to a company? Someone tell me please. The bottom line is that this type of financial abuse affects everyone.
04/11/2013 05:10 EDT
Why Canadians Are Being Set Up to Fail for

Why Canadians Are Being Set Up to Fail for Retirement

It is clearer than ever that most Canadians have to fend for themselves when it comes to retirement. For most retired Canadians, the combination of an employer's Defined Benefit Pension Plan, CPP and Old Age Security (OAS) provided them with a secure retirement lifestyle. This is not the case in 2013. Why?
04/04/2013 05:20 EDT
The Real Meaning of

The Real Meaning of "Private and Exclusive" in the Banking World

Over the last year, for example, there has been an increase in the number of firms that are offering Private Investment Council or Private Investment Pools. Why? Because people are foolish enough to believe that these things are special. What a load of crap!
03/25/2013 05:43 EDT
How a $100 Pair of Shoes Really Costs You

How a $100 Pair of Shoes Really Costs You $1,376.46

When I'm lecturing to students I like to ask them how much a $100 pair of shoes costs. The most common answer is $100 plus tax. Would you believe me if told you it could be as much as $1,376.46? As a 20-year-old, if you convinced yourself not to buy the shoes, and invested it instead -- with an assumed rate of return of 6 per cent -- you'd have $1,376.46 by the time you were 65 years old.
03/18/2013 05:23 EDT
Make the Bank Start Working for

Make the Bank Start Working for You

Despite the constant barrage of friendly letters and chirpy bank tellers, many people find themselves in a one-sided relationship with their bank. After the wooing stage is over, banks can become your very best frenemy. Here are the top three most common pitfalls to watch and avoid.
03/01/2013 12:23 EST
Who's Got Your Financial

Who's Got Your Financial Back?

Have you ever wondered if your banker, insurance agent or investment advisor wasn't telling you the complete story? How would
03/01/2013 03:48 EST