April 2024

Financial Success Simplified: Introduction

The purpose of this series is to educate consumers on some simple principles that will take the mystery out of the often-complex world of managing one’s financial affairs. The first distinction is to realize there are only seven key variables that can be managed in creating your financial future and wealth. These variables are:


  1. Career Earned Income
  2. Lifestyle
  3. Savings as a percentage of gross income
  4. Risk Management
  5. Tax Planning
  6. Rate of return on invested savings
  7. Legal and other considerations

The first three variables are entirely within the control...

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Planning Ahead Eases Tax Audit Worries

A letter arrives from Canada Revenue Agency (CRA). You are being audited. Panic ensues as you wonder what you did wrong and why the CRA is targeting you. ’There must be bigger fish to fry,’ you might say to yourself.


The first thing you need to do is relax and take a few deep breaths. If you have a qualified tax advisor on your team, you have nothing to worry about. If you don’t, now is a good time to contact a professional tax planner to review your returns and assist you with the audit.


Unless you have filed your tax returns with gross negligence or displayed willful non-compliance, you are not in any ’real’ danger from the taxman. At the same time, no one wants to pay additional taxes and penalties due to an oversight. That’s why tax planning is so critical. Instead of scrambling for deductions to reduce your taxes...

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What’s Your Retirement Planning Mindset?

Recent studies * reveal that a large majority of so-called Baby Boomers are uncertain about their preparation for retirement. Arguably, the have it my way generation did not all follow in their parents’ footsteps when it came to saving for the future. As well, some major bumps along the way (a housing crisis, a stock market crash, a global financial crisis and a pandemic) have reduced many retirement ’nest eggs.’


There is a new normal retirement being forged that is changing all of the old retirement rules, and raising new questions about what the ’golden years’ should look like. With time being their most precious commodity, wise decisions made by Baby Boomers today are becoming much more critical. This is where a proper retirement planning mindset becomes critical. One can choose to either move forward with eyes glazed over, or wide open to enjoy the ride...

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If there is no struggle, there is no progress.

Frederick Douglass

ACPI is regulated by the Investment Industry Regulatory Organization of Canada (www.iiroc.ca) and a Member of the Canadian Investor Protection Fund (www.cipf.ca). C. Scott Turner is registered to advise in (securities/mutual funds) to clients residing in British Columbia. This publication is for informational purposes only and shall not be construed to constitute any form of investment advice. The views expressed are those of the author and may not necessarily be those of ACPI. Information has been compiled from sources believed to be reliable, but no representation or warranty, express or implied, is made by ACPI, its affiliates or any other person as to its accuracy, completeness or correctness. All opinions expressed are as of the date of this publication and are subject to change without notice. Content is prepared for general circulation and has been prepared without regard to the individual financial circumstances and objectives of persons who receive it. You should not act or rely on the information without seeking the advice of the appropriate professional. Products or services referenced may not be suitable for you and it is recommended that you consult your financial advisor if you are in doubt about the suitability of such investments or services. Any investment products and services referred to herein are only available to investors in certain jurisdictions where they may be legally offered and to certain investors who are qualified according to the laws of the applicable jurisdiction. The information contained does not constitute an offer or solicitation to buy or sell any investment fund, security or other product or service. Past performance is not indicative of future performance, future returns are not guaranteed, and a loss of principal may occur. Content may not be reproduced or copied by any means without the prior consent of the author and ACPI. Investment products are provided through ACPI and include, but are not limited to, mutual funds, stocks, and bonds. All non-securities related business conducted by C. Scott Turner is not in his capacity as an agent of ACPI. Non-securities related business includes, without limitation, fee-based financial planning services; estate and tax planning; tax return preparation services; advising in or selling any type of insurance product; any type of mortgage service. Accordingly, ACPI is not providing and does not supervise any of the above noted activities and you should not rely on ACPI for any review of any non-securities services provided by C. Scott Turner.

C Scott Turner
1376 Nishi Court, Kelowna, BC V1P 1S2
Ph: (778) 478-0727