Our Mission

We believe that you need the tools to create financial success on your own terms.

Conflict-free financial planning equips you to make educated decisions about your future with the information available to you today.

Our Mission

We believe that you need the tools to create financial success on your own terms.

Conflict-free financial planning equips you to make educated decisions about your future with the information available to you today.

Julia Chung, CFP, CLU, FEA, TEP

Julia Chung, CFP, CLU, FEA, TEP

Partner, Sr. Financial Planner

Areas of Specialty: Retirement Planning, Private/Family Business, Cross-Border Planning

Sandi Martin, CFP

Sandi Martin, CFP

Partner, Financial Planner

Areas of Specialty: Retirement Income Planning, Family Goal Planning

Kathryn Mandelcorn, FMA

Kathryn Mandelcorn, FMA

Director, Cash Flow Strategies

Areas of Specialty: Money Coaching, Cash Flow Planning

 

 
 
 
 

Connect with the team on social media

What We Do at Spring

We believe that you need the tools to create financial success on your own terms…whatever they may be. Although our process is the same with every client, the outcomes are always delightfully different, and as unique as the people we have the privilege to work with every day.

Your values are the driving force behind any recommendations we make.

We want our recommendations to our clients to be influenced only by what’s in your best interest, and never by the potential for referral fees or third-party compensation.

We don’t sell products , accept commissions, pay or receive referral fees, or earn affiliate income.

We sincerely believe that financial planning – done well – can benefit everyone, and are actively invested in mentoring and developing new financial planners.

We’ve been running a practice management peer-mentoring group since early 2016…it’s how we met, in fact!

  • Comprehensive Financial Planning
  • Retirement Income Planning
  • Cross-Border Planning
  • Family/Private Business Planning
  • Portfolio and Cash Flow Audits

Our Process

What We’re Writing

New Love: A Retirement Dream – or Nightmare?

You’ve found true love in your 60s.  It might be a dream come true, but there’s far more to consider than just companionship. BBC Capital interviewed Julia Chung from Spring Financial Planning for her tips on starting successfully.

A Week in the Life of Julia

This ended up being a week where I didn’t actually work on plans as much - next week, there is a lot of working on plans. This week was…. A lot of the other stuff I do... Monday, August 13 5:00am My alarm goes off and I snooze it a lot. A lot. I was at the Jack White...

June 2018 Update

SUMMER!!! Despite the fact that our name is Spring, we have a strong affinity for summer. It’s what we often spend the spring season planning for - and now you can see just one of the reasons why the name resonates: we’re all about creating plans that work. Even the...

Why Your Rate of Return Matters (and what to do – and not do – with it)

I sent my kids to school on the day after Labour Day with a feeling that it hadn’t been a great summer. We hadn’t gone swimming or canoeing enough. I worked too much. Woe, etc. This isn’t a new feeling. Friends will testify that I become a mopey sad-sack in the last...

Financial Planning: Speak Up for Consumer Protection

This month, you have a chance to speak up on an issue that is close to our hearts, and affects all Canadians: better protection for those seeking financial planning.

July’s Great Reads

I don’t know about you, but the solid build up of backward progress (on what feels like all fronts) has left me feeling a little indifferent to reading personal finance stuff, as if nothing’s wrong with the world and all we need to worry about is our net worth or...

UPDATED: How (and Why) to Choose Between NestWealth, Wealthsimple, WealthBar, ShareOwner, and Steadyhand

Each online investment management company has a slightly different fee structure and value proposition. Calculating their relative cost for your circumstances will let you compare their relative value depending on the kind of service you want to pay for. (Includes a link to the Canadian Online Investment Advisor Fee Calculator.)

Couple Money

The point of this post: if you can't be honest with your partner about money and financial planning, why are you with them? A healthy financial infrastructure is cost-effective, simple, flexible, and intuitive. It keeps you on budget, moves you closer to your goals,...

The Three Certainties

  At the end of the year, things get undeniably gloomy - particularly on the southern west coast, where we like to brag about our summers and lack of snow, brushing aside any mention of the solid six to eight months of grey skies and relentless rain that can only come...

Double the Trouble…

Two kids in university at the same time means double the costs. The secret to saving for – and affording – two.

The Power of Confusion

The point of this post: the world of personal finance can be as confusing as a room full of five-year-olds playing soccer, and the financial industry needs to stop pretending that it's not. Yesterday was my oldest daughter's first day of soccer.     It sounded like...

How (Not) to Consolidate Debt

The point: it doesn't matter what method you use to pay off debt, or if you use any method at all. What matters is that you stop creating new debt. It's out there: the mathematically precise, strictly rational formula for paying off your three credit cards, small car...

Because Money Podcast: An American in Paris (Ontario)

Julia joined the Because Money podcast to talk cross border planning, TFSAs and play silly money games with other money nerds.

How Much Is Enough for Your Emergency Fund?

While the basic rule of thumb is to have enough money to cover at least three months of net income, even that may not be enough, says certified financial planner Julia Chung of Spring Financial Planning in B.C.

“Most people severely lowball their expenses; they think they spend way less than they actually do,” Ms. Chung says. “If you spend 100 per cent of your paycheque when it comes in, as many people do, then your expenses equal your net income.

Go Ahead, Spend Your Tax Refund

Ah, spring. The time of year when flowers bloom, birds sing, and the entire internet starts yelling at you for getting a tax refund or - even worse - getting a tax refund and then spending it.The horror.The conventional wisdom goes something like this: You shouldn't...

Effective Retirement Planning is About Spending, Not Saving

The point: planning for your retirement isn't just about your investments, although you can be forgiven for thinking it is. It involves exactly the same activities as planning for tomorrow, next week, and next month: active budgeting, debt elimination, robust savings,...

Announcement: Sandi Martin

Announcement! A new collaboration with Sandi Martin of Spring Personal Finance…

Fun With Retirement Calculators

The point: retirement calculators are only as good as the information you put in them and the underlying assumptions of the calculator itself, and are useful only to model the future, not predict it. The lure of the retirement calculator is that it will tell you your...

Wealthing Like Rabbits: Book Review

Note: this is not a sponsored post, but I did receive a free copy of the book. There’s no shortage of personal finance books out there, and so many of them are nearly indistinguishable from the rest. Which make sense: the rules mostly stay the same, with occasional...

Pension Income Splitting

Yes, you can still split your pension income. The income splitting credit that the new Federal Government vowed to abolish in their 2015 election campaign was the Family Tax Cut. The opportunity for pensioners to split their qualified pension income with their spouses is still alive and well.

Rainbows and Unicorns: What lenders really mean when they say “affordable”)

The point of this post: it's your job as the borrower to figure out if you can actually afford the mortgage the bank says you can. When you think about how much money you make, do you use made up numbers or real ones? If you think that's a strange question, then...

The Because Money Podcast | Episode 11: Home Buyer’s Plan

In this week's episode of The Because Money Podcast, we finally got to fight a little. Agreeing all the time is so boring, isn't it? What did we cover that was so controversial? Only the Home Buyer's Plan, that allows you to withdraw up to $25,000 tax-free from your...

Violating the Foundational Tenets of Personal Finance for Fun and Profit

The point: There's no universal equation into which you can plug your details and receive a perfectly optimized solution to all your personal finance questions.     I still pay bank fees. (Hear that? That's the sound of ten thousand personal finance bloggers picking...

The “Invest Better” Calculator

  Our own Sandi Martin collaborated with John Robertson, author of the Value of Simple, to create this useful calculator to help investors make an educated decision when choosing from the variety of low-fee robo-advisors now open in Canada. You can try it out here:...

Withdrawing from RESPs

You’ve been diligently saving in your children’s (grandchildren’s, nieces’, nephews’, neighbour kids’) RESP accounts for years. You’ve maximized your contributions, you’ve collected those fabulous CESGs, provincial grants, Canada Learning Bonds, and deliciously...

What do YOU want?

It sounds like an easy question.

An Admittedly Biased Argument in Favour of Banning Embedded Commissions and Instituting a Fiduciary Standard

The point: I stand to benefit if embedded commissions in mutual funds are banned, and if a fiduciary standard for advisors is enacted. I don't think it invalidates my argument, but - unlike some of the voices clamouring against the increased safety for investors - at...

What I Want for You in 2017

What I dearly want for you this year is structure. (Just what you'd expect from an introverted money nerd who once answered "spreadsheets" when asked to name one thing that made her happy to her son's kindergarten circle, am I right?) Listen, when you hear "structure"...

April’s Great Reads

I have a short reading list for you this month, since most of us are either rushing to file our taxes or rushing to get outside after a long, cold winter. Notable articles that didn’t quite make the top three include this one from Andray Domise on how - if 40% of...

Spring’s Summer Reading List

We’re readers at Spring. There’s nothing we like better in the summer than pairing up a good book, the great outdoors, and a cool drink. And let us be clear: we don’t sit around reading about money all day. That way lies madness (believe us). We want to read All The...

A Little Discouragement To Start You On Your Way. You’re Welcome.

The point: Learning to live on a budget is hard. Pretending it's not is stupid, and counter-productive, and will eventually end up being the reason you quit. Let’s talk about the most important part of personal finance: debt repayment investing budgeting. I’ll wait...

What I Want For You In 2015

My hope for you this year is that – no matter what your circumstances – you take the time to get really, really clear about what those circumstances actually are, and plan to repeat the process when they change.

How CPP and Social Security Integrate

If you’ve worked in both the USA and Canada, you have likely contributed to both the USA’s Social Security program and the Canada Pension Plan (CPP). How will CPP benefits impact your Social Security benefits? How will your US residency impact your CPP and...

Fill in the Blank (Part One): I Don’t Want to Spend Money On…

At first glance, it sounds like an incredibly stupid exercise, I grant you. Um, I don't want to spend money on insurance, on my mortgage payment, on those never-ending, teeny-tiny little school activity requests that dribble home every other day, on fixing my car...

Canada Pension Plan Maximums January to December 2016

With few exceptions, Canadians over 18 who work in Canada and earn more than the minimum amount ($3,500) must contribute to the Canada Pension Plan.  Your contributory period starts at  the time you begin work and ends at retirement.

Capital Dividend Account: Changes to Note

The March 22, 2016 federal budget has resulted in significant changes to the credit to the capital dividend account arising upon the receipt of life insurance proceeds. While these proposals are not yet final, it is expected they will be enacted before the end of 2016 with certain retroactive effect.

Dear Big, Enormous Bank With Little Competition, Please Blow My Mind

Hi. You probably don’t remember me. I was one of a series of warm bodies in that cubicle in Newmarket, the office (with a door!) in Huntsville, and the other office (with a window!) in Bracebridge. I mostly didn’t meet my sales targets and never made my cold-call...

RRSP Basics

Many people feel pretty confused about RRSPs – how they work, and why they’re useful. At the same time, people can feel embarrassed to ask for a full explanation. 

To help you move forward with this useful tool, here is your RRSP Primer!

Women & Money ebook

On March 8, 2016, we released the Women & Money ebook in honour of International Women’s Day. It’s still relevant, and still free.

Cynicism, The Canadian Pension Plan, And You

The point: scoff if you like, but we have a public pension system in Canada that will likely make up a good portion of your retirement income, and its existence should be factored into your plans. I hear it all the time - in banking, in financial planning, and now...

Distressingly Common Investment Advice

I was recently part of a presentation for financial advisors, put on by someone whose work I respect (and who I imagine probably would not have said this if he had had more time to think about it). Just before the end, this came out of his mouth: Words I just heard!...

Income Splitting with Spousal Loans

Ah, tax strategies. Eyed with hopeful suspicion by the uninitiated, a tax strategy can feel like a fun Spy Vs. Spy game - but that other spy? That’s the government. Many a newly minted spy would consider backing away from anything that might have you facing that...

I Feel For You, But Busy Isn’t an Excuse to Ignore Your Money

The point of this post: being busy doesn't excuse you from having to pay attention to your money. You know that feeling you get when your to do list is so long that you have to turn pages to see it all? When you're overwhelmed by the sheer volume of work that your...

Your Financial Plan is Not a Slap-Chop

The point: If you financial advisor is giving you a financial plan for "free", what's his incentive for doing it well? These days, we all want to believe that we're savvy consumers. We scoff at TV commercials for products that are worth hundreds of dollars but can be...

Making it on his own

Sam Omeretti feels financially ready to live on his own. His parents aren’t so sure.

October 2018 Update

  For many of our clients, one of the most frustrating moments of working with expert advisors is when you have this realization: There is rarely one “right” answer. Even when you process this initial realization, and think to yourself, “Sure, everyone is different,”...

Important Changes to the Principal Residence Exemption

On October 3, 2016, Finance Minister Morneau announced new measures to address the housing market, with the intention of improving fairness and integrity of the tax system as it relates to the principal residence exemption. The changes include new reporting requirements, modifications to the calculation of the tax-free amount for individuals based on a residency requirements, and an extension to the period in which a reassessment may occur.

The Family Cottage

One of the great joys of summer for many Canadian families is a family cottage, cabin, or camp. No matter what name you may give the place where your clan gets together to enjoy the outdoors and each other, it’s often an important part of who you are, and how your...

You’re Just Not That Interested In Cars

The point of this post: It makes sense to hire a professional for an essential job you can't make time to do yourself. Do you take your car to a mechanic? You're smart. Presumably you can read. Why are you paying someone else to do work that you could - with a little...

December’s Great Reads

  A shorter list this month, because if you’re not baking and shopping and partying and preparing I want you to be relaxing. But if you’re relaxing already and want something good to read, you might enjoy reading about the beauty of re-gifting, budgeting like a...

Working with Sandi was everything I hoped for. I felt like you got to know me well and very quickly. I feel like your recommendations reflected my current reality as well as my personality. That is, you didn’t recommend things that I would never commit to.

After going through this process, I feel like I have a much better understanding of my financial picture. I so wish that I would have done this years ago!!

H. Bellerose

Having an impartial 3rd-party review our entire financial situation is one of the best business decisions my wife and I have made. We consider Julia our personal CFO and have incorporated her services into all aspects of our financial lives.

There’s no pressure to purchase any investment or insurance through her or any associate she has introduced us to; but rather an assessment and guidance on plans we have for the future.

C. Dewar

Well, it’s been a year since we came to see you last and enacted our plan and we are writing to tell you that we are DEBT FREE on November 1ST ON SCHEDULE!!!

Coming to see you, using your services, was the best decision we ever made as a couple. We can’t thank you enough. We couldn’t have done any of it without you. Thanks, Kathryn.

 

K. & J. Shorrocks

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