Insights and Advice

Foiling Scammers

By Garry Keiller, The Nakamun Group, Edmonton

With criminals becoming more and more sophisticated in their scamming methods, you might be comforted to know that your Nakamun Advisor stands between the savings we manage on your behalf and any unauthorized person trying to access these accounts. Read More…

Estate Planning With A Registered Disability Savings Plan (RDSP)

By Garry Keiller, The Nakamun Group, Edmonton
R.A. (Bob) Challis, CFP, RHU, TEP, The Nakamun Group, Winnipeg

Parents/grandparents financially supporting a disabled child/grandchild who has or is eligible for a Registered Disability Savings Plan (RDSP) have unique estate planning opportunities that should not be overlooked. Read More…

US Citizens…Intentional or Not…Take Note

Floyd Murphy, CFP, CLU, CHFC, The Nakamun Group, Vancouver
R.A. (Bob) Challis, CFP, RHU, TEP, The Nakamun Group, Winnipeg

American citizens, anyone with dual American/Canadian citizenship, or those with one or both parents born in the United States — whether or not you have claimed your US citizenship and regardless of where outside the US you live — you must report financial information and file income tax as if you lived in the States. The US Internal Revenue Service (IRS) has been cracking down on expat tax evaders for the past three years, and under the Foreign Account Tax Compliance Act (FATCA), the tax authority can collect financial information about US citizens residing anywhere in the world. Read More…


By Garry Keiller, The Nakamun Group, Edmonton

Canada is one of the few countries with a triple-A debt rating. While our debt, unlike many nations’, is manageable, the priority of the 2013 Federal Budget is to eliminate the federal deficit by 2015/2016. Spending growth will increase by only 0.9 percent in 2013, the lowest rate of spending growth in 20 years.

Grants, taxes, and exemptions seem to be the order of the day with the following highlights likely to affect some of out clients.

Continue Reading  Federal Budget

The Game of Risk

In this Winnipeg Free Press ‘Money Matters’ article, Bob Challis contributes his insight and advice about  the need for insurance and  ‘Considering Life’s “What if…”

Read the full article here


By Floyd Murphy, CFP, CLU, CHFC,
The Nakamun Group, Vancouver

 The changes that have already occurred and are still to come regarding Canada Pension Plan (CPP) and Old Age Security (OAS) have made decisions about collecting benefits and, in the case of CPP, continuing to contribute far more complex than in the past. Each individual’s decisions should be made only after consideration of his or her particular circumstances. Read More…

Tax Changes to Affect Trusts

By R.A. (Bob) Challis, CFP, RHU, TEP, The Nakamun Group, Winnipeg

Trusts, similar to individuals or companies, are separate and distinct entities under law and in the view of Canada Revenue Agency (CRA). Trusts can achieve a number of objectives ranging from transferring property and other assets in an orderly, private, and confidential manner to beneficiaries; to managing those assets for beneficiaries; minimizing probate costs; protecting assets from creditors; and managing income tax exposure. The income tax advantages are about to change. Read More…

Understand Your Travel Insurance

By Gloria Murphy, CIP,
The Nakamun Group, Vancouver

In a recent news story, a woman was injured while on vacation, when her parachute malfunctioned during a sky dive. Her travel insurance policy did not cover her injuries because she was determined to be participating in an “extreme sport”, which was an exclusion. Read More…

YOUNG, HEALTHY, AND FIT? Now’s the time to invest in Critical Illness Insurance

By R.A. (Bob) Challis, CFP, RHU, TEP, The Nakamun Group, Winnipeg

Young, healthy, fit adults embarking on their life adventures are unlikely to consider that they might be one of the two Canadians alive today who will be diagnosed with heart disease, or one of the three who will have a stroke before age 65 or be stricken with life-threatening cancer. Yet, those are the statistical realities.  Read More…

“WHAT’S YOURS IS MINE…” The Financial Realities of Life Partnerships

By Floyd Murphy, CFP, CLU, CHFC, The Nakamun Group, Vancouver

Reality Number One: more than 40 percent of marriages end in divorce before couples reach their 50th anniversary. Regardless of how long a marriage or “common-law relationship” endures, at the end, there will be financial consequences. Read More…