Mastering Money

S8 E03: Decoding Compensation - Beyond the Numbers

Your salary doesn’t paint the entire picture of your compensation. Benefits, flexible work, vacation time and more are all part of the overall package that contributes to your job satisfaction and financial well-being. 

We cover all components of your compensation and talk about how to properly evaluate them to make informed decisions about your career path. 

Join Carolyn Hamer, Deloitte Canada’s National Leader of Workforce Transformation, to know more on how to value benefits beyond just the salary and understand how to negotiate for fair compensation packages that align with your career goals and aspirations. 

Key Takeaways: 

• Learn to evaluate non-monetary benefits of your compensation 
• Learn how different generations evaluate job satisfaction 
• Evaluate how your personal priorities line up with your desired compensation package 

Additional Resources: 

• Canadian banks go on a hiring spree, defying tight labour market  
• Work-life balance preferred over big salaries, CPAs say 
• The Deloitte Global 2023 Gen Z and Millennial Survey 
• 2023 Global human capital trends - Deloitte Insights 
• The Intelligence Revolution - Future-proofing Canada’s workforce 
• "We’re very different": Gen X and Y compare their views on finance 
• Generational wealth: is it harder for young people to get ahead? 

Download transcript 

This season is proudly brought to you by Pivot Magazine.  

The views expressed by our guests are theirs alone and not necessarily the views of CPA Canada. This is a recorded Podcast. The information presented is current as of the date of recording. New and changing government legislations and programs may have come into effect since the recording date. Please seek additional professional advice or information before acting on any podcast information. 

S8 E02: Future-Proofing Your Career - Strategies for Success

Can you ever prepare for sudden job loss? Maybe not, but you can take steps to future-proof your career and learn to navigate career uncertainties with grace. We talk about the strategies you can take to protect yourself and your career.

Join our expert Pat Romain, The National Practice Leader - Career Transition @Gallagher, to learn more on how to develop a growth mindset, identify transferable skills, and harness the power of continuous learning to stay relevant in a rapidly changing job market. 

Key Takeaways: 

• Networking looks different in the digital age but is still one of the most valuable tools to tap into the hidden job market. 
• AI is here to stay – learn how to work it to your advantage 
• In the case of job loss – learn to assess if your skills have become  redundant, and how you can upskill or utilize your knowledge in another job or industry

Additional Resources: 

• Survive and thrive: Move ahead financially after losing your job 

Download transcript 

This season is proudly brought to you by Pivot Magazine.  

The views expressed by our guests are theirs alone and not necessarily the views of CPA Canada. This is a recorded Podcast. The information presented is current as of the date of recording. New and changing government legislations and programs may have come into effect since the recording date. Please seek additional professional advice or information before acting on any podcast information. 

S8 E01: Interest Rates, Inflation, and I

When it comes to interest rates and inflation in Canada, what is their significance? What are the driving forces causing their fluctuation? And why should you care? We dive into the complexities of interest rates and inflation, exploring their impact on employment, wages, immigration, and mortgages. 

Join David-Alexandre Brassard, CPA Canada’s chief economist since July 2021, in a discussion on interest rates and inflation and their influence on employment and financial planning. Learn more about how to navigate economic forces and ensure your financial stability amidst changing market conditions. 

Key Takeaways: 

• Learn the driving force behind current inflation numbers 
• Is it worth taking a new job during times of economic uncertainty? 
• Learn how your mortgage is affected by inflation – and what you can do about it 
• Learn why Canadian’s spending habits haven’t changed with inflation. 

Resources: 

• Economic optimism climbing despite recession expected this year: CPA Canada Business Monitor (Q2 2023) 
• Redefining Retirement: Separating Fact from Fiction 
• Season 5: Tough talks about money  
• Just the facts: Helping you talk about money 
• Debt and inflation data
• Mastering Money Conference 2023

Download transcript 

This season is proudly brought to you by Pivot Magazine.  

The views expressed by our guests are theirs alone and not necessarily the views of CPA Canada. This is a recorded Podcast. The information presented is current as of the date of recording. New and changing government legislations and programs may have come into effect since the recording date. Please seek additional professional advice or information before acting on any podcast information.   

S8 Teaser: The future of labour is here

Join host Doretta Thompson and PIVOT Magazine Associate Publisher, Douglas Dunlop, as they discuss what is upcoming in season 8 of our mastering money podcast. The future of labour is here, are you ready? 

Hungry for more? Join us for our Mastering Money Conference happening in Calgary, Alberta on November 9-10 as we showcase some of our season 8 speakers, in real life! 

Download transcript

This season is proudly brought to you by Pivot Magazine. 

S7 E06: Talking About Debt

Talking about debt can be hard as it can bring up many emotions, including shame, guilt, and despair. But talking about debt is often the first hurdle to master so that one can concentrate on recovery.

We sat down with Jeff Lewis, CPA, CA, FCCA, CIRP, LIT, Senior Vice-President and Partner at BDO Debt Solutions and Chantel Chapman, Co-Founder of The Trauma of Money and Financial Trauma Researcher and Educator, to learn more about the power of talking about debt, owning debt, and focusing on the road forward.

Additional Resources:

• BDO Debt Solutions
• The Trauma of Money

Download transcript

This episode is part of our podcast focusing on helping listeners manage and better understand debt through strategic planning and purposeful action.   

This season is proudly brought to you by BDO Debt Solutions, helping you turn the page on debt. 

The views expressed by our guests are theirs alone and not necessarily the views of CPA Canada. This is a recorded Podcast. The information presented is current as of the date of recording. New and changing government legislations and programs may have come into effect since the recording date. Please seek additional professional advice or information before acting on any podcast information. 

S7 E05: Debt in the Golden Years and Beyond

You’re ready to retire and enter what has been called “the golden years” only to bring an unwelcome guest with you - Debt. This is the sad reality for many entering this stage of life, which is supposed to be about relaxing and freedom after years of hard work. For some, retirement is put on the backburner as they are forced to work longer, lend money to adult children, and get their finances under control.

Hear from Christine Lang, BA(Econ), CPA, CGA, CCS, President and Principal Advisor, LANG Financial Consulting and Wealth Solutions on how debt can impact your retirement and what you can do to move forward so that you can enjoy those golden years.

Additional Resources:

• Financial Advice for All
• Credit Counselling Canada
• CPA Canada Financial Literacy Resources
• Advocis | The Financial Advisors Association of Canada
• Seniors & Debt - A Growing Problem That We Can Help Fix
• Retirement Shift Worksheet - LANG Financial Consulting and Wealth Solutions

Download transcript

This episode is part of our podcast focusing on helping listeners manage and better understand debt through strategic planning and purposeful action.   

This season is proudly brought to you by BDO Debt Solutions, helping you turn the page on debt. 

The views expressed by our guests are theirs alone and not necessarily the views of CPA Canada. This is a recorded Podcast. The information presented is current as of the date of recording. New and changing government legislations and programs may have come into effect since the recording date. Please seek additional professional advice or information before acting on any podcast information. 

S7 E04: Debt Traps

Have you heard of the term debt trap? Have you, or someone you know, fallen into one or several? If we aren’t careful, it's easy to fall into a debt trap that can seem like a never-ending mountain to climb over.

Join Ilan Kibel, BDO Partner and Senior Vice President, as he explains what a debt trap is, examples of these traps, red flags to look out for and how one can pull themselves out to move forward financially.  

Additional resources:

• BDO Debt Solutions
• How much debt is too much?
• CPA Canada Financial Literacy Resources
• Money and the World Virtual Conference 2022

Download transcript

This episode is part of our podcast focusing on helping listeners manage and better understand debt through strategic planning and purposeful action.  

This season is proudly brought to you by BDO Debt Solutions, helping you turn the page on debt.

The views expressed by our guests are theirs alone and not necessarily the views of CPA Canada. This is a recorded Podcast. The information presented is current as of the date of recording. New and changing government legislations and programs may have come into effect since the recording date. Please seek additional professional advice or information before acting on any podcast information.

S7 E03: Credit Scores

How often do you check your credit score? Do you know all the ways credit, good or bad, can affect you? Your credit score is so much more than a simple three-digit number, and it can follow and weigh you down for years if it gets too low. Understanding how to build and keep a healthy credit score is a key pillar of good personal finance. 

Join Julie Kuzmic, Senior Compliance Officer, Consumer Advocacy at Equifax Canada, as she gives listeners a crash course on building a strong credit score, debunking credit score myths, and of course understanding how debt can affect credit.  

Additional resources: 

• Equifax Canada
• Credit Counselling Canada
• CPA Canada Financial Literacy Resources 
• Money and the World Virtual Conference 2022

Download Transcipts

This episode is part of our podcast focusing on helping listeners manage and better understand debt through strategic planning and purposeful action.   

This season is proudly brought to you by BDO Debt Solutions, helping you turn the page on debt. 

The views expressed by our guests are theirs alone and not necessarily the views of CPA Canada. This is a recorded Podcast. The information presented is current as of the date of recording. New and changing government legislations and programs may have come into effect since the recording date. Please seek additional professional advice or information before acting on any podcast information. 

S7 E02: When Are You in Over Your Head?

If you’re not careful, debt can be overwhelming, and you can find yourself feeling like there’s no way out. Understanding the warning signs that you may need help getting your debt under control is only the first step in moving towards a solution that works for you now and in the future.

Hear from Nancy Snedden, Personal Debt Solutions Leader, Advisory with BDO Canada as she walks listeners through the process of recognizing and dealing with your debt problem through effective credit counselling and meaningful action. With the right guidance, life after debt is possible and you’ll come out the other side feeling relieved and in control.

Additional resources:

• BDO Debt Solutions
• How much debt is too much?
• Can I Negotiate with Debt Collectors? – Equifax Canada
• CPA Canada Financial Literacy Resources
• Financial Consumer Agency of Canada
• Money and the World Virtual Conference 2022
• Find an active Licensed Insolvency Trustee
• Protecting the public

Download transcript

This episode is part of our podcast focusing on helping listeners manage and better understand debt through strategic planning and purposeful action.  

This season is proudly brought to you by BDO Debt Solutions, helping you turn the page on debt.

The views expressed by our guests are theirs alone and not necessarily the views of CPA Canada. This is a recorded Podcast. The information presented is current as of the date of recording. New and changing government legislations and programs may have come into effect since the recording date. Please seek additional professional advice or information before acting on any podcast information.

S7 E01: Household Debt in Canada - A Snapshot

When it comes to household debt in Canada, what do the numbers tell us? Recent economic volatility and rises in the costs of living have left many feeling uneasy about their financial situation. How is the average Canadian being affected by debt, and should we be concerned about the direction debt numbers are trending towards?

Join our expert Guy Gellatly, Chief Economic Advisor in the Analytical Studies Branch at Statistics Canada, for an in-depth look at household debt in Canada and what the numbers mean for the average Canadian. Looking at the big picture can offer valuable insight into how we are coping with debt and what we can do to prevent the numbers from getting out of control.

Additional resources:

• Canadians are falling deeper into debt
• Consumer Price Index Personal Inflation Calculator
• Behind the Numbers: What’s Causing Growth in Food Prices
• The rise in prices for wheat-based food products
• Pharmaceutical access and use during the pandemic
• Trends in household non-mortgage loans: The evolution of Canadian household debt before and during Covid-19
• CPA Canada Financial Literacy Resources
• Money and the World Virtual Conference 2022
• Mastering Money Conference 2023

Download transcript

This episode is part of our podcast focusing on helping listeners manage and better understand debt through strategic planning and purposeful action.  

This season is proudly brought to you by BDO Debt Solutions, helping you turn the page on debt.

The views expressed by our guests are theirs alone and not necessarily the views of CPA Canada. This is a recorded Podcast. The information presented is current as of the date of recording. New and changing government legislations and programs may have come into effect since the recording date. Please seek additional professional advice or information before acting on any podcast information.

S6 E06: Living in Retirement

How do you envision yourself living in retirement? Making the transition to retired life is a big step and not always what one might expect. Too many retirees encounter problems such as isolation and life feeling meaningless without the daily work routine. However, there’s plenty of room to explore meaningful paths in your retirement that can lead to retired life being fulfilling and full of joy.

Harold and Beverley Hutner are married CPAs who’ve been living in retirement for several years, and they join us on this episode to discuss their own retirement stories and share their views on how to make the most of your free time and find meaning and purpose after transitioning to retired life.

Additional resources:

• The LIFE Institute
• Canada Life - What are government retirement benefits?
• CPA Canada Financial Literacy Resources
• Mastering Money Conference 2022
• Money and the World Virtual Conference 2022

Download transcript

This episode is part of our podcast series focusing on retirement planning for Canadians at every stage of life and building the confidence needed to take on the money conversations we need to have.

This episode is made possible by the generous support of our national development sponsor, Canada Life.

The views expressed by our guests are theirs alone and not necessarily the views of CPA Canada. This is a recorded Podcast. The information presented is current as of the date of recording. New and changing government legislations and programs may have come into effect since the recording date. Please seek additional professional advice or information before acting on any podcast information.

This episode is made possible by the generous support of our national development sponsor, Canada Life.

S6 E05: The Challenges and Decisions we Face as we Age

As we get older, we face different financial challenges. Our health, family situations, ability to work, and more all play a part in laying the trackwork to retirement, and each person’s path is different. If we’re to stay the course and retire the way we want to, understanding how to take on the challenges of aging while making your money work for you is crucial.

Tina Tehranchian, Senior Wealth Advisor at Assante Capital Management Ltd., joins us for a discussion on navigating new and often intimidating challenges that arise as we approach retirement age. Life is full of twists and turns, highs and lows, and plenty of questions, but making sense of it all and charting a course for the retirement you want is easier than you might think.

Additional resources:

• Assante Wealth Management
• CPA Canada’s Financial Literacy Resources
• Mastering Money Conference 2022
• Money and the World Virtual Conference 2022
• What Every Older Canadian Should Know About: Financial Planning- Government Of Canada
• Adjusting To Retirement: Handling The Stress And Anxiety
  

Download transcript

This episode is part of our podcast series focusing on retirement planning for Canadians at every stage of life and building the confidence needed to take on the money conversations we need to have.

This episode is made possible by the generous support of our national development sponsor, Canada Life.

The views expressed by our guests are theirs alone and not necessarily the views of CPA Canada. This is a recorded Podcast. The information presented is current as of the date of recording. New and changing government legislations and programs may have come into effect since the recording date. Please seek additional professional advice or information before acting on any podcast information.

This episode is made possible by the generous support of our national development sponsor, Canada Life.

S6 E04: Canada’s Aging Population

There’s no escaping the fact that the average Canadian is getting older. With Canadians aged 55 to 64 now outnumbering those aged 15 to 24, our country’s future is looking very different. If you’re wondering how this all affects your own future with respect to retirement plans, you are most definitely not alone.

Rob Carrick of the Globe and Mail is one of Canada’s most trusted and widely read financial experts, and he joins us on this episode to discuss how these changing demographics are affecting the personal finance and retirement strategies of Canadians young and old.

Additional resources:

• CPA Canada Financial Literacy Resources
• Mastering Money Conference 2022
• Money and the World Virtual Conference 2022
• Canada’s Working-Age Population Is Older Than Ever, StatsCan Says
• Statistics Canada-Older Adults And Population Aging
• Statistics Canada-Life Expectancy and Deaths
• Stress Test

Download transcript

This episode is part of our podcast series focusing on retirement planning for Canadians at every stage of life and building the confidence needed to take on the money conversations we need to have.

This episode is made possible by the generous support of our national development sponsor, Canada Life.

The views expressed by our guests are theirs alone and not necessarily the views of CPA Canada. This is a recorded Podcast. The information presented is current as of the date of recording. New and changing government legislations and programs may have come into effect since the recording date. Please seek additional professional advice or information before acting on any podcast information.

This episode is made possible by the generous support of our national development sponsor, Canada Life.

S6 E03: Retiring in a Time of High Inflation

Inflation has caused more than a few financial headaches, with the price of almost everything going up, and up, and up. But what does inflation mean for your retirement plan? Who should you talk to when seeking advice? Is retiring while inflation is running rampant as bad as you think it’ll be?

David Christianson, Portfolio Manager and Certified Financial Planner with National Bank Financial Wealth Management, walks us through the implications of inflation when it comes to retirement planning, and gives us an insightful perspective on how you can plan for this important life stage while enduring inflation’s bite.

Additional resources:

• CPA Canada Financial Literacy Resources
• Mastering Money Conference 2022
• Money and the World Virtual Conference 2022
• Stats Canada Personal Inflation Calculator
• Managing the Bull by David Christianson
• National Bank of Canada
• National Bank of Canada – Why should you keep inflation in mind as you plan for retirement?

Download transcript

This episode is part of our podcast series focusing on retirement planning for Canadians at every stage of life and building the confidence needed to take on the money conversations we need to have.

This episode is made possible by the generous support of our national development sponsor, Canada Life.

The views expressed by our guests are theirs alone and not necessarily the views of CPA Canada. This is a recorded Podcast. The information presented is current as of the date of recording. New and changing government legislations and programs may have come into effect since the recording date. Please seek additional professional advice or information before acting on any podcast information.

This episode is made possible by the generous support of our national development sponsor, Canada Life.

S6 E02: Avoiding Conflict in Estate Planning

You don’t need a podcast to tell you that estate planning is tough but necessary. It can be stressful, it can be messy, and it can be the source of conflict and confrontation—but it doesn’t have to be.

Larry and Kimberley Short are Partners at ShortFinancial with iA Private Wealth and partners in life. They’ve combined their knowledge and experience to write The Last Act: Closing the Book on Your Finances, a guide to everything estate planning. Today Larry and Kimberley will join us to talk about what estate planning is and how to uncomplicate it

Additional resources: 

• Short Financial Website
• CPA Canada’s Financial Literacy Resources
• Mastering Money Conference 2022
• Money and the World Virtual Conference 2022 
• Financial Literacy Virtual Sessions
• Preparing for the Unexpected: Advance Serious Illness Planning 

Preorder the book on Indigo now:

The Last Act: Closing the Book on Your Finances, Book by Larry and Kimberley Short (Paperback) | www.chapters.indigo.ca

Download transcript

This episode is part of our podcast series focusing on retirement planning for Canadians at every stage of life and building the confidence needed to take on the money conversations we need to have.  

This episode is made possible by the generous support of our national development sponsor, Canada Life.

The views expressed by our guests are theirs alone and not necessarily the views of CPA Canada. This is a recorded Podcast. The information presented is current as of the date of recording. New and changing government legislations and programs may have come into effect since the recording date. Please seek additional professional advice or information before acting on any podcast information. 

This episode is made possible by the generous support of our national development sponsor, Canada Life.