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David Allard

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...

Empty nesting: financial issues

Oct 30, 2014 / 5:00 am

Now that the children have ‘left the nest’, it is a good time to step back and take stock of your financial situation. Being on your own will probably cut household costs to some extent, but there may be other outlays as well depending on activities planned and ongoing financial...

Weakening global growth worries

Oct 23, 2014 / 5:00 am

The Big Picture Growth worries persist Worries about weakening global growth and its potential impact on the US economic recovery roiled markets around the globe this week. Europe continues to be the primary source of concern as most economic indicators have turned down since mid-summer. The...

Can executor be a non-resident?

Oct 9, 2014 / 5:00 am

Does it matter if your executor is a non-resident of Canada? The answer is definitely, yes - the residence of your executor affects the residence of your estate for income tax purposes. As a result, appointing a non-resident of Canada to be the sole executor of your estate would cause your...

An income investment you may have overlooked

Oct 2, 2014 / 5:00 am

Investors seeking income often limit their selection to bonds and give little or no consideration to preferred shares. They usually ignore preferreds simply because they don't know much about them. Perhaps the easiest way to think of preferred shares is that they are shares which behave...

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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