H&M Financial Blog

Canada’s big banks admit they overcharged customers – what went wrong?

RBC latest bank to get slapped with a multi-million dollar penalty for overcharging clients

On Tuesday, Royal Bank was the last of Canada’s five big banks to get slapped with a multi-million dollar penalty for charging customers excess fees for investment products like mutual funds.  In some cases clients were unknowingly overcharged for more than a decade.

The bank will reimburse affected […]

VPI Canadian Equity Pool Newsletter

To read the complete VPI newsletter, please click on the link below:

VPI Canadian Equity Pool Newsletter – May 2017

What You Own – Canadian Utilities – The longest track record of annual dividend increases of any Canadian publicly traded company.  With $5 billion in expected future investment from 2017 to 2019 in natural gas and electricity distribution and transmission, we expect that track record to […]

What is an interest-saving mortgage?

Newsletter provided by Hein Moes, Mortgage Consultant,  Invis                                                                                                   Reprinted with permission

What […]

RRSP: A Smart Choice for Business Owners

If you’re a business owner who operates through a corporation, you have two main options for deferring taxes when investing your business profits.  You can leave excess funds in your corporation for investing or you can withdraw funds and invest in an Registered Retirement Plan (RRSP).

To read the complete article click here

2017 Federal Budget

The March 22, 2017 federal budget (the “Budget”) included a number of tax measures that will impact Canadian taxpayers.  Rather than summarize every tax measure included in the Budget document, this report, which was prepared from within the Budget lock-up today in Ottawa, will focus on some of the tax measures that are of most interest to individuals and small […]