Performance figures for each account are calculated using time weighted rate of returns on a daily basis. The Composite returns are calculated based on the asset-weighted monthly composite constituents based on beginning of month asset mix and include the reinvestment of all earnings as of the payment date. Composite returns are as follows:

Moving to Toronto: What I’ve Learned

Harminder Bains is a Senior Wealth Planning Associate at Nicola Wealth’s Toronto office. Making the move from Vancouver to Toronto in the Summer of 2021, Harminder spoke to us about why he relocated to “The Center of the Universe”, the best parts about living in Toronto, and his goals for the future.

Let’s start with what stands out most to you about Toronto:

  • Rather than a plastic or paper jug, milk is sold… in a bag.
  • Cell service on the commute? Not an option in Toronto. The subway runs underground rather than the above-ground Skytrain in Vancouver.
  • Don’t worry about bridge and tunnel traffic. There are none throughout the GTA (besides the cold-weather, pedestrian-friendly tunnels).
  • Speaking of the weather: the wind is COLD, and the weather changes fast.
  • Finally, Toronto is very multicultural. You can find any type of cuisine in the city.


What motivated you to move to Toronto?

I decided to move to Toronto because who doesn’t want to live in “The Center of the Universe.” The opportunity to live in a city double the size of Vancouver and one of Canada’s economic powerhouses was just too tempting to pass up. Moreover, I was drawn to the firm’s growth in Ontario. I thrive in fast-paced environments and want to be a meaningful contributor to the expansion of our Toronto team and the firm as a whole.

How was the relocating process?

Other than delaying by a year due to COVID-19, moving was a smooth and seamless process. Nicola Wealth was extremely helpful in the process. They took care of tax adjustments and payroll deductions as well as provided references for rental agreements, which limited the stress of relocating. I also was lucky because our clients passed along their exclusive insight on the best places to live in Toronto, the top schools, great restaurants, and excellent extracurricular activities.

What are your favourite things about Toronto?

The first thing that stands out is that you really get exposed to all four seasons, and you actually get to see the sun beyond June, July and August (sorry, Vancouver). When I moved in the late summer, the weather was hot and humid, autumn was mild and sunny, and I’ve been warned of the winters here…

Also, for Canadian sports fans, Toronto is the place to be. Witnessing the major Canadian sports teams like the Maple Leafs, Blue Jays and Raptors play in person has been epic.

The only not-so-great thing about Toronto is that there’s no way to tell which way is North, West, East, or South. You need a compass to maneuver this city.

What excites you most about working with the Ontario team?

Moving to Toronto was a huge step out of my comfort zone. But a rewarding one. Being in a new city with a growing office offers opportunities for growth, leadership, participation in the community and support of our sponsorship events. I’m excited to meet new people and expand my network while developing connections with my colleagues and clients in Ontario.

Moving across the country may seem daunting, but life in Toronto has been an incredible experience so far. I’m looking forward to what’s to come.