Financial Advisor, Estate Planning, Insurance, Mortgage Broker and Loan Referral Services.
Peter J. Merrick, BA, FMA, CFP,TEP, FCSI, is President of MerrickWealth.com , a fee-for-services Certified Financial Planner and executive benefit advisory firm in Toronto, Canada. His consulting work involves creating executive and employee benefits that meet the requirements set in the Canadian/US Tax Treaty, ERISA standards and CAP guidelines. Peter is a professor of financial planning and group benefits, the author of two books, “The Essential Individual Pension Plan Handbook” (Lexisnexis CDA, 2007) and “The TASK – The Trusted Advisor’s Survival Kit” (Lexisnexis, 2009) and was a presenter at the prestigious Canadian Institute of Chartered Accountants 2007 National Conference on Income Taxes. Peter can be contacted at 416.854.1776 or peter@merrickwealth.com
Recently I was researching the histories behind the creations of the RRSP and 401k for a presentation I was preparing for tax specialists in Southern California. It occurred to me how little decisions can make big differences in our end results and how we see and act in our worlds.
In essence, our intent and the [...]
The financial industry is constantly evolving. For many years, people turned to stockbrokers for money matters. Then, insurance agents entered the picture. Stockbrokers are now called financial advisors, and insurance agents are sometimes financial planners. There are independent financial planners, fee-only money managers and even public accountants take care of clients’ money at some accounting [...]
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Recently, I attended a reunion for my high school. Both my wife and I had a great time. There I saw friends I had not seen for over 25 years. Into the evening one friend approached me and shared his story. Tom was a great guy, he had attended law school, had been called [...]
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Today Canadians have to save up enough money to possibly last for up to 30 years of retirement. Not only that, but they also have to learn about investing and taxes. To be a successful investor one will have to learn how to control his or her emotions when riding the ups and downs [...]
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Recently I was contacted by a Bottom Line reader who was a partner of a public accounting firm in Toronto. The reason for his call was he was getting prepared to perform his annual review meetings with all his clients for the 2009 tax year. He shared with me that the reason for his [...]
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Accountants, wealth managers and business owners are in the business of making and saving money. But do we truly have a workable understanding of what money really is and how it operates in our lives? Can we consciously choose to use its power to achieve our full potential? Throughout my career finding answers to this [...]
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My father, Marvin Merrick, who was a Chartered Accountant for over 90% of his adult life until the day he died used to have a saying:
“It is the sign of a powerful person who admits he or she needs help and it is the act of wisdom when one seeks out this much needed help.”
As [...]
How Will You Profit in the Next 10–15 Years?
In the next decade 43% of our workforce will approach retirement. At the same time $1.3 trillion will pass hands by business owners who control most of the wealth in Canada. These people rely on their trusted advisors to preserve and distribute this wealth. Your success [...]
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I love to eat and that is why my wife decided for the both of us were going on a family diet over five months ago. Like the markets, I am down over twenty percent of my body weight. I share this with you this month because as your client’s public accountant you can help your [...]
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I have insomnia and it sometimes drives my wife nuts. When I can’t sleep at night like many, I turn to the internet to be my companion in those late hours. Within minutes on my keyboard I usually find myself looking for both information and new ideas that I can bring to my practice and [...]
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My husband died at the age of 59 may 24 2003
I was 57...I am 64 now
My income is 30,000
Have I ...
I was wondering my step aunty is POA for my dad and he has passed away is the POA responsible ...
After reading this, I was not too impressed with the way my mortgage renewal went! It so happens that ...
Having executed a will in accordance with all requirements what are the provisions for 'winding up ' the operation? Is ...
Correction to my posting I was under 35 years old (31 to be precise)
My husband passed away 28 years ago, I was under 25 at the time and was told I was not ...
Will I receive my old age pension if I move out of the country.
I also get CPP. 
I just sat reading most of the comments on CPP and OAP pensions. I find most of these very ...
Hi
I am getting 65 years and entitled for CPP and Old Age Security but my wife is only 59 years ...
My wife has never worked outside of the home. When she reaches 65 will she be entitled to OAS ...
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