The Canadian Money Roadmap

Discover essential year-end financial tasks to boost your savings! Learn how to maximize your First Home Savings Account and understand the best timing for TFSA withdrawals. Explore strategies for spousal RRSP contributions and the benefits of timely charitable giving. Review your capital gains and losses to optimize tax strategies, and don't miss out on workplace benefits. Finally, get organized with helpful resources to track your finances as you prepare for the new year!

Discover how giving can boost your happiness, as experts link pro-social spending to emotional well-being. Cultural and religious texts, from the Bible to the Bhagavad Gita, universally support acts of generosity. Research reveals that even small gifts can provide significant joy, while studies across multiple countries emphasize the global benefits of helping others. With practical tips for incorporating generosity into your financial planning, this conversation highlights the profound impact of giving on both individuals and communities.

Many Canadians are unaware of the high investment fees they might be overpaying. The discussion covers breaking down MERs, understanding mutual funds versus ETFs, and discerning what advice is genuinely worth the cost. Listeners are guided on how to spot red flags in fee structures and learn about transparent F-class funds. The episode emphasizes the importance of evaluating whether the fees align with the services received, plus strategies for finding trustworthy advisors and the potential of DIY investing.

Listeners dive into the nuanced world of ETFs as Evan compares TD ETFs to giants like Vanguard and BlackRock. He explains why TD might fly under the radar and shares tips for evaluating fund options. The conversation shifts to retirement strategies, highlighting the intricate dynamics of withdrawal orders. Evan discusses how personal goals influence decisions, and he reveals situations where early withdrawals can optimize tax scenarios. This insightful exchange is packed with practical advice for money management.

Record your money question here - No account or email required.🌳 Connect with Evan and Cedar Point Wealth | Services and Pricing 🗣️ I want to hear from you! Record your question here and you could be featured on an upcoming episode of the podcast ✨ Get your money organized - Your Full Financial Picture Spreadsheet

Explore the art of crafting the perfect smash burger and its surprising parallels to smart investing. Simplicity shines through with quality ingredients and meticulous attention to detail, whether it’s a juicy burger or a robust investment portfolio. Discover how effective investing mirrors the straightforward approach of using core index funds. Gain insights on why mastery in both burgers and finance saves time and money, leading to a delectable and financially sound experience.

Discover why chasing last year's top stocks can leave your strategy behind. Learn how valuations impact future returns and why following market fads may not pay off. Explore the difficulties of investing in AI and chip makers as trends may already be priced in. Understand why only a few stocks drive most market gains, emphasizing diversification for long-term success. Finally, find out how to maintain humility and low costs in your investment approach.

Discover the surprising parallels between the Toronto Blue Jays' playoff journey and investing. Explore how emotions can cloud judgment during winning streaks. Learn why managing expectations is crucial in both sports and financial markets. Understand the role of cash for short-term goals, and how stocks and bonds differ from speculative assets like Bitcoin and gold. Gain insights on risk management and the importance of preparing for market declines. Tune in for valuable tips on staying grounded in the world of investing!

Discover smart strategies for navigating sales events like Amazon Prime Day. Learn how to identify real deals and avoid marketing traps, all while prioritizing meaningful experiences over material possessions. Use tools like CamelCamelCamel to track price histories and ensure your purchases are wise. Evan introduces a helpful spending rule to assess when to buy and encourages checking local stores for better prices. Gain insight on avoiding clutter while still enjoying useful items with tips to maximize your spending power!

A family unexpectedly faced a staggering $660,000 tax bill after the loss of both parents. The discussion uncovers how media framing blamed RRSPs, while important factors like capital gains and asset liquidity were overlooked. Evan clarifies Canada's deemed disposition rule, emphasizing the role of proper estate planning and communication. Strategies like life insurance and RRSP withdrawals are explored to manage tax implications, ultimately advocating for comprehensive financial strategies to secure assets for heirs.