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David Allard

What's your score?

Apr 23, 2015 / 5:00 am

There was a time when we would sit down with nothing more than a sheet of paper and a sharp pencil to do the math. Totalling our expenses and subtracting our revenue, the amount left over was the answer to the question, “Can I retire now?” While the basic calculations haven’t...

Living with Plan B

Apr 16, 2015 / 5:00 am

“It does not do to leave a live dragon out of your calculations, if you live near him.” ― J.R.R. Tolkien, The Hobbit Human beings are optimists by nature. Whether we are talking about our ability to drive, the state of our physical health or our outlook for the future, our...

Do I have to file tax return?

Apr 9, 2015 / 5:00 am

Personal Tax Return Filings Many people assume that they don’t have to file a personal tax return because they don’t have a balance owing. This isn’t the best rule of thumb to follow. Filing is mandatory in the following situations: There are self-employment earnings that...

Retiring with purpose

Apr 2, 2015 / 5:00 am

Our lives are always guided by purpose. We may not think we have a grand design working in them, but the fact is, we are always moving with intent. Whether it’s to have more money so we worry less or do more, or we stay active to prolong our health or improve our looks, there is always a...

CRA Notice of Assessment

Mar 26, 2015 / 5:00 am

Many Canadians rush to file their taxes on time each year and don’t think about it until the next year. One of the most overlooked notices received from the CRA annually is the annual Notice of Assessment. This notice is very important as it summarizes some of the important information from...

Choosing life

Mar 19, 2015 / 5:00 am

In retirement planning, taking care of basic needs questions come first: will there be enough money for you to stop working; can you maintain your lifestyle when the pay cheques stop; what about the unknown future costs: healthcare, transportation and accommodations? For most retirees in Canada...

Managing the markets

Mar 12, 2015 / 5:00 am

Let’s put aside that myth right away. There is no one out there, whether it’s you, Warren Buffet or George Soros who manage the markets, we simply control our reactions to the changes that happen everyday in the markets. My first manager used to tell me that it wasn’t a stock...

Creating your retirement vision

Feb 26, 2015 / 5:00 am

A vision means different things to different people. To the head of a large corporation, it’s the ability to chart a course that will deliver success (think Steve Jobs and Apple), to a shaman, it’s a dream to be interpreted and the path followed based on that interpretation. In the...

Retirement: Major transition

Feb 19, 2015 / 5:00 am

Retirement is a major transition point for most people. Life expectancies have increased and with that, the amount of time we spend in retirement will only be expected to grow. Aside from the obvious concern of not having enough income to last you through those retirement years, a solid plan for...

Taking advantage of TFSA

Feb 5, 2015 / 5:00 am

Canada Revenue Agency (CRA) has announced that the Tax-Free Savings Account (TFSA) contribution limit for 2015 will remain at $5,500. TFSAs will continue to play a significant role in the savings plans of Canadian residents who are 18 years of age and older, and are designed to help them save...

Leaving a job: changing careers

Jan 29, 2015 / 5:00 am

Many people, who find themselves out of work and with time on their hands, and money in their pockets due to lay-off, start thinking about a career change. If you weren’t happy with the direction your career was taking, this can be your opportunity to move into a field you are more...

Ailing Parents: Tax Issues

Jan 22, 2015 / 5:00 am

If your parent has become ill, there can be several tax issues that come into play depending on the nature of their illness, their age and the role that family members are playing. For example, if your parent is unable to complete and file their own tax return, it will have to be completed by...

When a parent needs full-time care

Jan 15, 2015 / 5:00 am

If it is decided that your parent cannot continue to live at home during his or her illness, you will have to consider the out-of-home options, all of which will have different financial implications. As mentioned earlier, this will probably represent a significant change in your parent’s...

Small business: retirement planning

Jan 8, 2015 / 5:00 am

If you are a small business owner, you may want to consider the transfer of your business at retirement. Many factors such as tax will come into play when a business is transferred and it is very important that you have a plan in place to ensure that the business is transferred to whom you want in...

Parenthood: Estates, insurance & taxes

Dec 18, 2014 / 5:00 am

It is now even more important to ensure your loved ones are well looked if anything should happen to you. Here are a few topics to consider helping you prepare for some of the unexpected events that can happen in life. Life Insurance If something happened to you tomorrow, how much...

Ailing Parents: Home Care

Dec 4, 2014 / 5:00 am

Your parent’s illness may be such that he or she requires some degree of in-home care. There are various services available. Your parent may find that due to his or her illness he or she does not have to be hospitalized or in an institution but can remain at home with some assistance. The...

Second marriage issues

Nov 27, 2014 / 5:00 am

It is not unusual that one or both of the parties planning to marry are approaching marriage for the second time. There are pluses and minuses to this new situation. On the plus side, individuals entering a second marriage tend to be somewhat older and, if not necessarily ‘wiser’...

Retirement: Health Issues

Nov 20, 2014 / 5:00 am

Our health is really our greatest asset and maintaining our health is of tremendous importance. You want to do what you can to ensure that health issues will not jeopardize the enjoyment of your retirement years. There is nothing you can do to completely avoid health problems, but you will try...

New Income-splitting measures announced

Nov 13, 2014 / 5:00 am

Recently Introduced Tax Breaks to Help Families Summary On October 30, 2014, Prime Minister Stephen Harper revealed income splitting tax breaks for families with children less than 18 years of age. Canadians have been waiting since 2011 for a variety of promised tax breaks. ...

Dementia and Alzheimer's Disease

Nov 6, 2014 / 5:00 am

The Canadian demographic landscape is rapidly shifting as baby boomers and older seniors lead the way in breaking the longevity mold. With increased life expectancy come challenges specific to aging. There are approximately 500,000 Canadians living with Alzheimer’s disease or other...

About the Author

Jeff Stathopulos, CIM, CFP, Portfolio Manager

After two decades in the financial services industry, Jeff's experience as an advisor and branch manager define his approach to providing customized financial planning, estate planning, and managed income solutions. Key to this approach is a thorough understanding of the unique challenges and goals that exist in every client's life. He is a partner in Navigation Wealth Management.

Jeff holds the Certified Financial Planning and Chartered Investment Manager designations. He lives in Kelowna with his wife Tanya, and their two (almost adult) enterprising children.


You can contact Jeff by email at [email protected]


The views expressed are strictly those of the author and not necessarily those of Castanet. Castanet presents its columns "as is" and does not warrant the contents.

These articles are for information purposes only. It is recommended that individuals consult with a financial advisor before acting on any information contained in this article. The opinions stated are not necessarily those of Scotia Capital Inc. or The Bank of Nova Scotia. ScotiaMcLeod is a division of Scotia Capital Inc., Member CIPF.

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