Author Archives: Andrew

Living in Osaka as a Canadian with Osaka Castle and signs for Osaka, Kobe, Kyoto and Nara

Living in Osaka as a Canadian: Is Kansai a Better Place to Live Than Tokyo?

A Canadian decides Japan works. I have already made that case at length in Living in Japan as a Canadian, so I am not reopening it here. The visas, the tax residency ladder, the schooling trade-offs, the safety and the hazards all still apply exactly as I described them there. Nothing about choosing Osaka instead of Tokyo changes a single national rule.

But once Japan clears that first test, a second question arrives fast: Tokyo or Osaka. I went into this research expecting to answer that question. I came out of it thinking the question itself is slightly wrong.

Here is why. Someone can live in Kobe and be standing on the platform at Osaka Station about twenty minutes later. Someone can live in Nara and reach Namba in well under forty. Kyoto and Osaka are connected by a train fast enough that a Canadian used to commuting across the Greater Toronto Area would barely register the distance as remarkable. Osaka, Kobe, Kyoto and Nara are not four cities that happen to be near each other. They function, for a lot of daily life, as one interconnected region with several downtowns.

Continue reading →
Living in South Korea as a Canadian with Seoul skyline, traditional Korean architecture and a Canadian passport

Living in South Korea as a Canadian: Is It Actually a Good Expat Destination?

South Korea is one of the most technologically advanced, safest, most convenient, and clinically capable countries a Canadian could reasonably consider living in. Its trains run on time to the minute. Its broadband is faster than almost anything in North America. Its hospitals are excellent. Its cities feel orderly, humane, and extraordinarily easy to move through. And Canadians can walk into the country for up to six months without a visa at all.

That last part sounds almost absurdly easy. It is easy. But the question this article actually asks is a different one: does a country being exceptionally good at running itself mean it is exceptionally good at absorbing you into it? Those are not the same question, and the gap between them is where most expat regret lives.

Continue reading →
HOOPP pension deep dive showing defined benefit income, early retirement, bridge benefits, CPP, OAS and retirement investments

HOOPP Pension Deep Dive: What Is It Actually Worth, and How Should It Change Your Financial Plan?

Picture two households, both 55, both about to retire.

Household one has $1 million sitting in RRSPs and non-registered accounts. No pension. They look at their net worth statement and feel good about it. A million dollars is a million dollars.

Household two has $600,000 in investments and a HOOPP pension that will pay roughly $45,000 a year for the rest of their life, starting now. Their net worth statement, the conventional kind, says they have $600,000. Six hundred thousand dollars looks a lot smaller than a million.

So which household is actually in the stronger position?

Continue reading →
Canada's $50 billion Maple Fund showing CPP Investments and Brookfield funding Canadian infrastructure and strategic industries

Brookfield’s $50 Billion Maple Fund: Can Individual Canadians Invest Alongside It?

One of the announcements that caught my attention coming out of this week’s Canada Investment Summit was the creation of something called the Maple Fund.

The headline number is enormous: $50 billion.

CPP Investments and Brookfield Asset Management have created a new framework to pursue some of the largest infrastructure and strategic investments in Canada. Each organization could put as much as $25 billion into it over the next five years.

Continue reading →
TOSI and income splitting in Canada showing family tax planning strategies for business owners, couples and retirees

TOSI and Income Splitting: The Family Tax-Splitting Toolkit

Ask any Canadian business owner what happened to income splitting and you will get the same answer: TOSI killed it. Before 2018, a private corporation could pay dividends to a spouse who did nothing, to adult children away at school, to whoever in the family sat in the lowest tax bracket that year. Then the rules changed, and the general understanding is that this entire category of planning simply stopped working.

That understanding is half right, which is the most dangerous kind of half right. What actually happened is narrower and more interesting than “income splitting is dead.” The Tax on Split Income did shut down one specific manoeuvre: paying private-company income to family members whose only qualification was being related to the person who owned the business. That manoeuvre is genuinely closed. But it was never the whole of income splitting, and treating it as though it were has left a lot of Canadian households ignoring a real, current, and in some cases newly attractive set of tools, while continuing to half-remember advice that stopped being true eight years ago.

Continue reading →
Multi-generational wealth in Canada showing capital and opportunity being passed from one generation to the next

Multi-Generational Wealth in Canada: How Do You Actually Build Wealth That Survives Generations?

CIBC has cited estimates that roughly a trillion CAD will change hands between Canadian generations from 2024 through 2026, the largest transfer of its kind in the country’s history. Statistics Canada reports that the average size of a monetary gift to first-time home buyers rose 73% to $115,000 between 2019 and 2024. Nearly a third of first-time home buyers are now getting help from family to close the deal, up from a fifth in 2019. Whatever else is true about the Canadian economy right now, this is happening, and it is happening at a scale that will shape who owns what in this country for the next generation. It is worth noting, for reasons that will become clear a few sections from now, that some of CIBC’s own wealth commentary on this transfer repeats the claim that seventy percent of family wealth disappears by the second generation. It is a small, useful demonstration of how far that number has travelled, and how little scrutiny it has received along the way.

Continue reading →
Canada Investment Summit infographic showing a proposed $1 trillion investment boom in critical minerals, energy infrastructure, transportation and clean energy

Canada’s $1 Trillion Investment Boom: What the Investment Summit Actually Means for Canadians

Canada just held its first national investment summit, and if you read the headlines coming out of Toronto, the numbers are extraordinary.

Nearly $500 billion in new investment commitments. More than $100 trillion of assets represented in the room. A $50 billion Canadian infrastructure fund. A $52.5 billion AI infrastructure project in Saskatchewan. Hundreds of billions of dollars of bank financing. And behind all of it, the federal government’s much larger ambition to catalyse $1 trillion of investment in Canada over five years.

Those are numbers large enough to make almost anything sound transformational.

They are also numbers that require some unpacking.

Continue reading →
Canada and European Union relationship infographic covering trade, security, critical minerals, talent, innovation and Canadian economic independence

Canada and the European Union: What Would a Much Closer Relationship Actually Mean for Canadians?

For most of Canada’s history, the idea of joining the European Union would have sounded absurd. Canada is a North American country, deeply integrated with the United States, separated from Europe by the Atlantic Ocean.

Yet in September 2026, European Commission President Ursula von der Leyen publicly proposed opening the door for Canada to become the European Union’s first associate member.

It was an extraordinary suggestion.

Continue reading →
Living in Cambodia as a Canadian with Angkor Wat, Canadian passport and Cambodian tropical landscape

Living in Cambodia as a Canadian

Cambodia has never been on my radar. I have looked seriously at Thailand, Malaysia, Vietnam, Indonesia, the Philippines, and Singapore. Cambodia never made the list, and I never asked myself why not. That omission is the actual starting point for this piece, because an omission that goes unexamined for years is either a very good instinct or a very lazy one, and I wanted to find out which.

The honest answer, after several weeks of research, is that it is a bit of both. Cambodia has real, documented reasons an affluent Canadian would rationally rank it behind Thailand and Malaysia for almost every serious use case. It also has a genuine, underrated case as a place to watch, and in a couple of narrow respects, a place to use right now. What it does not have is the thing that would justify treating it as a final answer rather than a chapter.

Continue reading →
Mortgages in Canada deep dive covering fixed and variable rates, penalties, HELOCs, porting, refinancing and prepayment privileges

Mortgages in Canada: The Deep Dive

I want to start with the sentence this entire article is built around. The mortgage with the lowest rate is not necessarily the cheapest mortgage.

Most Canadians shop for a mortgage the way they shop for a toaster. They compare a number on a rate sheet, pick the smaller one, and sign. Then, three years later, life happens. They get a job in another city. They have a third kid and need a bigger house. Their marriage ends. They get an inheritance and want to pay down a chunk of principal. They want to buy a rental property. And in that moment, the mortgage they picked because it was 0.10 percent cheaper than the alternative turns out to be a contract that punishes them for doing the ordinary things people do with their lives.

Continue reading →