At PWL Capital, we’re on a mission to change the way Canadians invest. We take the guesswork out of managing your portfolio.

No fads. No guesswork. No drama.

Who We Are

PWL Capital is a privately owned wealth management firm that manages more than $2 billion in client assets. PWL provides discretionary portfolio management services with integrated financial planning from offices in Montreal, Toronto, Ottawa and Waterloo.

What We Do

Premium Ongoing Service

Our clients benefit from semi-annual performance reporting, regular meetings, financial planning, and systematic rebalancing.

Science-based Portfolio Management

We focus on what we can control: selecting an asset mix, managing risk, minimizing fees and taxes, and encouraging discipline.

Unbiased Financial Advice

We are paid directly by our clients, so our advice is never influenced by commissions or incentives from financial products.


Are You Suffering From “Investment Envy”?

By: Nancy Graham · May 24, 2018 - 0 comments

It happens to the best of us. A friend, family member, colleague or media guru is bragging all about an exciting financial score they just made by buying this, selling that, or getting in on the ground floor. Next thing you know, you’re a victim of investment envy. You want in too, whether or not the “opportunity” makes any sense for you and your money.

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Tuning Out the Noise

By: Ben Felix · May 18, 2018 - 0 comments

Being bombarded with data, headlines, and predictions presented as being impactful to your financial well-being can evoke strong emotional responses from even the most experienced investors. The period from 1999 – 2009 is known as the “lost decade” in the US stock market. It was a ten-year period of flat stock returns. 

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The Impact of New Passive Income Rules for Canadian Private Corporations

By: Ben Felix · May 18, 2018 - 2 comments

The new passive income measures for Canadian Controlled Private Corporations eliminate five dollars of the small business limit for each dollar of passive income over $50,000 earned by a corporation or its connected corporations. The reduction to the small business limit will occur on a straight line basis as passive income increases, to a maximum passive income level of $150,000 at which point the small business limit will be gone ($5 * $100,000 = $500,000). These measures apply to years that begin after 2018.

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Portfolio Management and brokerage services are offered by PWL Capital Inc, which is regulated by Investment Industry Regulatory Organization of Canada (IIROC), and is a member of the Canadian Investor Protection Fund (CIPF).

Financial planning and insurance products are offered by PWL Advisors Inc., and is regulated in Ontario by Financial Services Commission of Ontario (FSCO) and in Quebec by the Autorité des marchés financiers (AMF). PWL Advisors Inc. is not a member of CIPF.