Mark Schoeffel, BBA, CIM, CFP

Mark Schoeffel, BBA, CIM, CFP I provide Retirement, Investment, Education, Disability, Tax and Estate planning services to individ

I provide financial and investment planning services to individuals and families looking for assistance in developing, implementing and maintaining an ongoing relationship with respect to their financial affairs.

The recent BC Court of Appeal decision overturning a will affecting a $5 million estate illustrates how complex testamen...
01/23/2026

The recent BC Court of Appeal decision overturning a will affecting a $5 million estate illustrates how complex testamentary disputes can become when professional standards, legal interpretation, and family interests intersect. Even carefully drafted testamentary documents can be contested and reversed if legal requirements or substantive intent are in question.

Professional estate planning in British Columbia is not merely a form-completion exercise. It is a bespoke legal service that requires experience, careful documentation, and clear communication of the testator’s intentions. Whether you retain a lawyer or a notary for this work, ensure the individual you choose has deep expertise in wills, estates, and succession planning—because the consequences of inadequate planning can be costly, emotional, and enduring.

Read more:

When a Will Isn’t the Last Word: A BC Court of Appeal Reverses a $5-Million Estate Decision Mark Schoeffel / 23 January 2026 In a high-sta...

In my latest blog entry, Eric Nuttall of Ninepoint Partners challenges the widely held belief that the world is moving b...
01/22/2026

In my latest blog entry, Eric Nuttall of Ninepoint Partners challenges the widely held belief that the world is moving beyond hydrocarbons and instead presents a clear, data driven case for a prolonged expansion in oil and natural gas markets.

Drawing on structural supply constraints, years of global underinvestment, and steadily rising demand, he outlines why today’s energy market looks less like the end of a cycle and more like the early innings of a multi year opportunity.

For investors willing to look past sentiment and headlines, the discussion offers a thoughtful perspective on why energy may remain one of the most compelling and misunderstood areas of the market.

Energy at the Start of a Long Road Back Mark Schoeffel / 22 January 2026 In a recent online presentation hosted by Ninepoint Partners , Po...

I was able to watch the T. Rowe Price “Tech Tour” presentation today which offered a rare, ground-level view into how ar...
01/13/2026

I was able to watch the T. Rowe Price “Tech Tour” presentation today which offered a rare, ground-level view into how artificial intelligence is reshaping the global technology landscape and why its economic impact may rival, or even exceed, that of electrification.

Drawing on firsthand meetings with senior executives across Silicon Valley, portfolio managers Dom Rizzo and Tony Wang described a decisive shift: AI has moved from experimental promise to economic reality, with capital spending, productivity gains, and monetization pathways now clearly visible.

The discussion highlighted why AI infrastructure investment shows no credible signs of slowing. Hyperscale cloud providers, semiconductor manufacturers, and emerging AI-native companies are locked in an intensifying competitive race that is driving unprecedented demand for compute, memory, networking, power, and advanced manufacturing equipment. Importantly, the presenters explained how the profit opportunity is broadening beyond a small group of headline winners to encompass the entire AI supply chain, creating multiple avenues for long-term value creation.

Equally compelling is the candid assessment of where risks and opportunities diverge, particularly between hardware and software, and how investors should think about valuation, adoption curves, and sustainability of returns.

For investors seeking to understand where AI-driven growth is most likely to accrue over the next several years, this analysis provides a thoughtful, practical framework that rewards a deeper read.

https://markschoeffelbbacimcfp.blogspot.com/2026/01/transformative-impact-of-ai-on.html

Dynamic Funds’ annual “Year Ahead” webinar brought together members of its portfolio management and economic research te...
01/08/2026

Dynamic Funds’ annual “Year Ahead” webinar brought together members of its portfolio management and economic research teams to discuss the macroeconomic backdrop, capital market expectations, and portfolio positioning considerations as investors move into the coming year. The discussion reflected a cautious but constructive outlook, emphasizing discipline, diversification, and active risk management in an environment characterized by slowing growth, persistent but moderating inflation, and heightened geopolitical and political uncertainty.

Read more:

Dynamic Funds “Year Ahead” Webinar: Themes, Outlook, and Portfolio Implications Mark Schoeffel / 08 January 2025 Dynamic Funds’ annual “Yea...

I was surpised to read an "Opinion" piece published in The Globe and Mail on December 30, 2025; written by David McLean ...
01/05/2026

I was surpised to read an "Opinion" piece published in The Globe and Mail on December 30, 2025; written by David McLean and noted as "manager of ROMC Fund - a "global equity-focused unit trust offered by Offering Memorandum and is available to Accredited investors in Ontario, Alberta, B.C. and Quebec."

McLean's piece contends that financial advisers recommend overly safe investments primarily to safeguard their own fees rather than to serve their clients’ long-term financial interests. While it is appropriate to scrutinize structural incentives within the investment advisory industry, the article’s broad characterization of risk-appropriate advice as self-protective overlooks the complexity of modern portfolio construction, the regulatory environment in which advisers operate, and the fiduciary obligation to align investments with individual client circumstances. It also understates the role advisers play in helping investors understand the interaction between risk, return, liquidity, tax efficiency, and behavioural comfort.

Read the entire article at : https://markschoeffelbbacimcfp.blogspot.com/2026/01/are-advisers-who-recommend-safe.html

Liberals Rediscover Harper-Era Policies They Once RejectedFor much of the past decade, a defining feature of Liberal gov...
01/02/2026

Liberals Rediscover Harper-Era Policies They Once Rejected

For much of the past decade, a defining feature of Liberal governance was the systematic dismantling of Stephen Harper’s policy legacy. Elected in 2015 on a promise of sunny ways and sharp contrast, Justin Trudeau’s government moved quickly to reverse Conservative decisions across energy, crime, immigration, defence, and fiscal policy. Now, after years in power and mounting practical pressures, many of those reversals are themselves being quietly undone.

In several major policy areas, the modern Liberal agenda bears an increasingly close resemblance to the Conservative positions it once condemned. The evolution suggests that while rhetoric changes easily in opposition, governing realities in Ottawa are far more durable.

One of the clearest examples lies in carbon pricing. Harper resisted a consumer carbon tax and favored industry-focused mechanisms. Trudeau not only introduced a national consumer levy but made opposition to it a moral and political dividing line. Yet under current Liberal leadership, the consumer carbon tax has been abandoned, replaced with an industrial pricing system that shifts costs through supply chains. The policy branding may differ, but the economic effect aligns far more closely with the Harper approach than Liberals once care to admit.

Energy infrastructure tells a similar story. The cancellation of the Northern Gateway pipeline in 2016 was celebrated as a decisive break from Conservative resource policy. Today, however, Ottawa is exploring Pacific Coast export routes for Canadian oil, often emphasizing Indigenous partnership and environmental oversight. The language has changed, but the strategic objective is familiar.

Canada Post offers a more concrete reversal. Harper-era plans to phase out home mail delivery were scrapped by the Liberals shortly after taking office. Facing persistent financial losses, the government has since resumed the phase-out, effectively implementing the same policy it once portrayed as emblematic of Conservative indifference.

Immigration policy has followed a similar arc. Visa requirements for Mexican nationals were lifted early in the Trudeau years as a symbolic gesture of openness. Rising asylum claims quickly forced a reconsideration, and those same visas were reinstated. Additional measures to limit refugee intake now mirror the restrictive posture the Liberals previously criticized.

Public safety and criminal justice also reflect a marked shift. Mandatory minimum sentences and stricter bail provisions were central targets of Liberal criticism during the 2015 campaign. Recent legislation, however, emphasizes tougher bail conditions and enhanced penalties in response to public concern about repeat violent offenders. The policy substance now echoes the “tough on crime” philosophy that once drew Liberal scorn.

Perhaps the most conspicuous reversal is in defence procurement. Trudeau famously promised that Canada would not purchase the F-35 fighter jet, casting the program as emblematic of Conservative excess. Years later, after extensive review and delay, Canada is purchasing the F-35 after all, completing a full circle back to the Harper government’s original decision.

Taken together, these shifts suggest less a betrayal of principle than a lesson in political gravity. Governing exposes constraints that campaigning often ignores. What changes is not always policy direction, but the vocabulary used to justify it.

For former prime minister Trudeau, the irony is difficult to miss. Many of the policies he once framed as outdated, regressive, or ideologically driven have proven stubbornly resilient. In the end, it appears that Harper-era governance was not so much overturned as temporarily rebranded, only to be rediscovered when idealism encountered the ledger books, the courts, and the ballot box.

After a year that defied expectations, investors are entering 2026 with far more reasons for confidence than caution.  D...
12/16/2025

After a year that defied expectations, investors are entering 2026 with far more reasons for confidence than caution. Despite widespread concerns about inflation, interest rates, and global uncertainty, 2025 delivered strong and surprisingly broad investment returns across stocks, bonds, and real assets.

What does this mean for the year ahead?

Drawing on insights from senior investment leaders, follow the link to read why the economic backdrop remains supportive, why disciplined investors are often rewarded for staying invested, and why diversification matters more than ever in a world where inflation has re-emerged. It explores the renewed role of bonds, the evolving opportunity set within equities, and how alternative investments such as real estate and infrastructure can strengthen portfolios - especially for those approaching or in retirement.

Rather than predicting the future, my article focuses on timeless principles that help investors navigate uncertainty with clarity and confidence. For anyone wondering how to position their portfolio for 2026 and beyond, it offers a thoughtful and encouraging perspective worth reading in full.

Looking Ahead with Confidence: Investment Perspectives for 2026 Introduction: A Year That Defied Expectations Mark Schoeffel / 16 December ...

I was fortunate to have been invited to a presentation this past Monday, November 17, 2025, hosted by Ninepoint Partners...
11/19/2025

I was fortunate to have been invited to a presentation this past Monday, November 17, 2025, hosted by Ninepoint Partners and featured Nawojka Wachowiak, a Senior Portfolio Manager and bio-geologist with 25 years of experience in capital markets, including 10 years at Dynamic Funds.

She was introduced by Arie Dendekker (Vice-Present, Product Specialist), who provided an overview of Ninepoint's offerings, including the Gold and Precious Minerals Fund (primarily gold equities with some physical gold), the Silver Equities Fund (primarily silver equities), and a Resource Fund managed by Nawojka, which has shown exceptional performance.

If interested, read my full notes on my blog:

Providing Protection & Growth Investment Opportunities Mark Schoeffel / 19 November 2025 I was fortunate to have been invited to a presentat...

An informative chart using Government of Canada Budget 2025 data as put together by the good folks at Canoe Financial.Ca...
11/07/2025

An informative chart using Government of Canada Budget 2025 data as put together by the good folks at Canoe Financial.

Canada’s 2025 federal budget answers a simple question: where does the money come from, and where does it go. The answer reveals priorities, trade offs, and a growing deficit that continues to shape future policy.

Revenue. Where it comes from.

The federal government expects to collect about $507 billion in revenue in 2025 to 2026. The three biggest contributors are:

Personal income tax - The largest funding source by far, at roughly $238 billion. Canadians themselves are the primary engine of the budget, contributing almost half of every dollar the government spends.

Corporate income tax - Businesses contribute $97 billion, the second largest source.

Goods and Services Tax (GST) - Consumption drives $54 billion through the GST.

Other revenue sources include excise taxes, employment insurance premiums, enterprise Crown corporations, and investment returns. But taken together, the story remains simple: personal and corporate income taxes fund most federal spending.

When revenues fall short of planned spending, the gap is filled with borrowing. In Budget 2025, that gap is large.

Spending. Where it goes.

Planned spending totals about $585 billion including actuarial losses, with a focus on three major areas:

Support for individuals - $144 billion in major transfers to persons
• Old Age Security and Guaranteed Income Supplement: $83 billion
• Employment Insurance benefits: $30 billion
• Canada Child Benefit: $30 billion
These programs represent direct cash support to households. They are predictable, indexed, and politically durable.

Support for provinces and municipalities - $111 billion through transfers
• Canada Health Transfer: $57 billion
• Canada Social Transfer: $19 billion
• Equalization and territorial financing: $29 billion
Health care remains the single biggest provincial transfer. Growth in this category continues to exceed revenue growth.

Direct program spending and operations - $266 billion on programs and government operations
• Indigenous reconciliation and services: $44 billion
• Infrastructure and housing initiatives: $27 billion
• Climate and natural resource programs: $18 billion
• International assistance: $20 billion
• Defence and security: $60 billion combined
This is where most new policy announcements appear.

Key initiatives gaining funding.
• Housing and infrastructure to address affordability pressures
• Defence modernization and procurement cycles
• Indigenous reconciliation funding commitments
• Climate related and natural resource transition programs
These areas are increasingly multi year and structural, not one time line items.

The deficit.

Even with more than half a trillion in revenue, expenses are rising faster.
• Deficit before actuarial losses: about $73 billion
• Net actuarial adjustments: about $5 billion
• Final projected deficit: $78 billion
Borrowing fills the gap and adds to debt servicing costs. Public debt charges are now $56 billion, making interest the fifth largest line item in the entire budget. Higher rates are translating into higher carrying costs on federal debt.

Budget 2025 projects a debt to GDP ratio of 42.4% and rising to 43.1% in 2027 ...

Despite some obvious similarities in appearance (my beard was never that awesome - though I did give it a go during COVI...
11/07/2025

Despite some obvious similarities in appearance (my beard was never that awesome - though I did give it a go during COVID) and interests (surfing and retirement planning), I am NOT offering retirement planning classes at UW in Bothell.

That said, I AM now licensed in the US so maybe something to consider ... 🤔 ... maybe I can time it with a book signing!

(N.B.: the book was an AI generated gag ... only two copies were printed.)

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