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An original podcast from the Chartered Professional Accountants of Canada. Our financial literacy podcast talks about key issues, trends and tips as they relate to financial education. Disclaimer: The views and opinions expressed in this podcast are those of the guest and do not necessarily reflect that of CPA Canada.
Episodes
Thursday Feb 16, 2023
Thursday Feb 16, 2023
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
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.
Thursday Feb 09, 2023
Thursday Feb 09, 2023
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:
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.
Thursday Feb 02, 2023
Thursday Feb 02, 2023
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:
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.
Thursday Jan 26, 2023
Thursday Jan 26, 2023
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
- Find an active Licensed Insolvency Trustee
- Protecting the public
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.
Thursday Jan 19, 2023
Thursday Jan 19, 2023
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
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.
Thursday Oct 13, 2022
Thursday Oct 13, 2022
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
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.
Thursday Oct 06, 2022
Thursday Oct 06, 2022
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
- What Every Older Canadian Should Know About: Financial Planning- Government Of Canada
- Adjusting To Retirement: Handling The Stress And Anxiety
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.
Thursday Sep 29, 2022
Thursday Sep 29, 2022
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
- 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
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.
Thursday Sep 22, 2022
Thursday Sep 22, 2022
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
- 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?
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.
Thursday Sep 15, 2022
Thursday Sep 15, 2022
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
- Preparing for the Unexpected: Advance Serious Illness Planning
Preorder the book on Indigo now:
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.
Thursday Sep 08, 2022
Thursday Sep 08, 2022
When should you start thinking about retirement? Who can you talk to and what steps can you take today and in the future? Just how much money should you be saving to retire comfortably? If you’re getting the right advice and asking the right questions, building a solid retirement plan might be easier than you think.
Join our expert Lisa Hannam, Executive Editor of Moneysense.ca, as she gives you the facts about retirement, including what you can do now and in the future to better set yourself up to retire comfortably and just how much money you should be putting away.
Additional resources:
- CPA Canada’s Financial Literacy Resources
- The Role of Reverse Mortgages in Retirement Planning
- moneysense.ca
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.
Thursday Oct 28, 2021
Thursday Oct 28, 2021
What is a reverse mortgage? Is it a good fit for your retirement plan? Learn the ins and outs of reverse mortgage products and get informed about the right conversations to have when planning for a comfortable retirement.
Join our expert Steven Ranson FCPA, FCA, President and CEO of HomeEquity Bank, for an in-depth look into how a reverse mortgage can be an option to consider when wishing to maintain a certain post-retirement lifestyle that includes being able to remain in your family home.
Additional resources:
- CPA Canada’s Financial Literacy Resources
- Reverse mortgages- Financial Consumer Agency of Canada
- HomeEquity Bank
- Home Run - The Reverse Mortgage Advantage Book
- Wealth Professional Article on Rethinking Estate Planning
This episode is part of our podcast focusing on helping listeners build confidence for approaching and handling difficult money conversations at various stages of 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.
Thursday Oct 21, 2021
Thursday Oct 21, 2021
Should someone become critically ill, it’s possible they will be unable to make decisions related to their care and financial arrangements. Appointing an alternate decision maker and really preparing them to advocate for you is a smart anticipatory action for all adults, especially as we live through this global pandemic.
Join our expert Dr. Daren Heyland, Critical Care Physician, Professor of Medicine at Queen’s University, and founder of the Plan Well Guide, as he talks about how you can prepare for serious illness decision-making and how that’s different from end-of-life planning as is traditionally done with legal planning or advance care planning. The goal of advance serious illness planning is to ensure that you get the medical care that is right for you with the least stress on your loved ones that will be advocating for you.
Additional resources:
- Plan Well Guide: Your Guide to Advance Serious Illness Planning
- CARENET ICU Workbook (myicuguide.ca)
- CPA Canada’s Financial Literacy Resources
This episode is part of our podcast focusing on helping listeners build confidence for approaching and handling difficult money conversations at various stages of 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.
Thursday Oct 14, 2021
Thursday Oct 14, 2021
Today, many people are doing the vast majority of their banking online, with going to your bank and speaking with bank staff becoming less and less common. However, speaking to financial advisors and other staff at your bank can be an eye-opening experience.
Join, Natalia Sandjian, Senior Manager, Advice Strategy with National Bank of Canada, as she dismantles the idea of speaking with your banker being an intimidating and complicated conversation. You’ll learn why your bank should be your first stop when seeking investment advice, setting up a savings strategy, applying for a mortgage, and more.
Additional resources:
This episode is part of our podcast focusing on helping listeners build confidence for approaching and handling difficult money conversations at various stages of 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.
Thursday Oct 07, 2021
Thursday Oct 07, 2021
How can you overcome financial peer pressure and get comfortable with saying no when your friends and family’s plans do not align with your financial priorities? Can you approach a situation like this without damaging your relationships?
Hear from Taheera Fidaali, CPA, CA, and owner of Tula Accounting & Consulting, a firm focused on supporting entrepreneurs and mission driven visionaries in building sustainable and profitable businesses, as she discusses overcoming the financial peer pressure we often face in our everyday lives. Master the art of saying no, avoid undermining your relationships, and learn why the key to mutual understanding is likely hiding deep within yourself.
Additional resources:
This episode is part of our podcast focusing on helping listeners build confidence for approaching and handling difficult money conversations at various stages of 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.