June 2026

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Five Habits Draining Your Finances

It’s a frustrating reality: you can earn a fantastic income and still feel like you’re living paycheque to paycheque. The truth is, you can’t out-earn bad spending habits. If you constantly say "yes” to the five things below, you’re likely on the fast track to financial insecurity–no matter how much money you pull in.

1. Saying "Yes” to Being the Family Bank Helping out relatives when they’re struggling feels noble, but it can quickly sabotage your own financial plans. Lending to loved ones is often like tossing cash into...

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It Doesn’t Pay to Procrastinate

Many people have no idea. Some people have a vague idea. A few people, a very few, have it all worked out. When it comes to retirement planning, many people do not take action until forced to by a mid-life event (career change, death of loved one) or by hearing about seniors running out of money.

It is strange that people find it so difficult to plan for their retirement. As all the basic financial books say, you start by recording your expenses, see where you can cut back, and then determine how much you need to save to achieve your retirement income goals. Yet, far too few Canadians take these presumably simple steps for their own financial success.

It is a weakness of human nature to put off ...

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Tax Planning for Severance Packages

Over the past year, economic stresses worldwide have resulted in many employees receiving severance packages and being advised that their services are no longer required. The longer you’ve been employed with an organization, the higher your severance package will be. With the national job market experiencing varying levels of stress, it is more important than ever to hang on to as much money from an employment severance settlement as possible.

If you don’t plan ahead, the tax authorities have no problem relieving you of your extra money. A professional tax and investment advisor will run through the options with you and help you choose a strategy...

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A goal without a plan is just a wish.

Antoine de Saint-Exupéry

Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Mutual fund securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer. There can be no assurances that the fund will be able to maintain its net asset value per security at a constant amount or that the full amount on your investment in the fund will be returned to you. Past performance may not be repeated. Global Maxfin Investments Inc. (GMII) is registered as a Mutual Fund Dealer with the Provincial Securities Commissions and as such our Financial Advisors are entitled to sell mutual funds and other approved securities as permitted under our registration. They may also be able to provide other services or products to you through their own business. As a member of the Mutual Fund Dealers Association of Canada ("MFDA"), GMII is obligated to disclose to you that you may be dealing with companies other than GMII when purchasing services or products from your Financial Advisor (remuneration to your Financial Advisor may also come from various sources depending on the services or products purchased). For example, your Financial Advisor may offer any one or more of the following through a separate business, which would not be the responsibility of GMII: Deposit Instruments: GICs, Canada Savings Bonds; Fee for Service Financial Planning; Estate Planning; Tax Planning or Income Tax Preparation; Insurance: Life, Accident, Sickness, Disability, General. Please be sure that you have a clear understanding of which company you are dealing with for each of your services and products. Your Financial Advisor would be happy to provide any clarification you require. This publication contains opinions of the writer and may not reflect opinions of GMII. The information contained herein was obtained from sources believed to reliable, but no representation, or warranty, express or implied, is made by the writer or GMII or any other person as to its accuracy, completeness or correctness. This publication is not an offer to sell or a solicitation of an offer to buy any of the securities. The securities discussed in this publication may not be eligible for sale in some jurisdictions. If you are not a Canadian resident, this report should not have been delivered to you. This publication is not meant to provide legal or account advice. As each situation is different you should consult your own professional advisors for advice based on your specific circumstances. Grant Simpson and Global Maxfin Investments Inc. (GMII) do not make any representation that the information in any linked site is accurate and will not accept any responsibility or liability for any inaccuracies in the information not maintained by them, such as linked sites. Any opinion or advice expressed in a linked site should not be construed as the opinion or advice of Grant Simpson or GMII. The information in this communication is subject to change without notice. Only Mutual Funds services are offered and regulated through Global Maxfin Investments Inc.

Grant Simpson | Global Maxfin Investments
3298 Tennyson Avenue Victoria, BC V8Z 3P3
Ph: (250) 999-6935