Tax is complex, but it does not always have to be so complicated and shrouded in mystery. Host Amanda Doucette is a self-proclaimed foodie, spin class and Pilates enthusiast, and a tax lawyer. She fell into the practice of tax law despite having a life-long hatred of spreadsheets, math and numbers in general. Join Amanda and her guests as they unpack some serious Canadian tax topics and attempt to demystify the world of tax.
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The Laws of Wealth with Dr. Daniel Crosby - Greatest Hits
46:38
46:38
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Join me as I revisit one of my most popular episodes ever on the Canadian Money Roadmap Podcast. In this special summer highlight, I delve into 'The Laws of Wealth' with Dr. Daniel Crosby. Dr. Crosby, a psychologist and behavioural finance expert, provides valuable insights into the psychology of money and how it shapes our financial decisions and …
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Musings of a Tax Chick: "Discovering" Discoveries...
14:51
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Check out this episode for information on upcoming conferences where you can find me as a guest speaker, along with some information on the Tax Court of Canada, including the role of "discoveries" in a tax hearing. RESOURCES DISCUSSED ON THIS EPISODE Tax Court of Canada - Your Day in Court ATAP Canada Accountex HERE ARE SOME OTHER WAYS TO CONNECT W…
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Musings of a Tax Chick: Summer Sweets and Legal Treats - Navigating GAAR and Baking Bliss
19:14
19:14
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Have you heard of the "GAAR"??? GAAR stands for the "general anti-avoidance rule" and it gives the federal government broad powers to prevent transactions they deem to be against the purposes of Canadian tax law. Why do we care about GAAR? Well, it should be a factor to consider each and every time that you engage in tax planning, as if it applies,…
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Draft Capital Gains Legislation... what do you need to know?
36:21
36:21
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What happens when two tax fanatics who are passionate about tax education get together to talk about draft tax legislation??? Check out this episode to find out! So excited to have my friend, and fellow tax enthusiast, Henry Shew, on the podcast today to chat about the draft legislation that the Federal Government released on June 10, 2024 relating…
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My career path as an independent CFP® Professional
27:53
27:53
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27:53
In this episode of the Canadian Money Roadmap Podcast, host Evan Neufeld shares his personal journey to becoming a certified financial planner at an independent investment firm in Canada. Evan discusses his educational background, early entrepreneurial ventures, and the pivotal moments that led him to his current role. He elaborates on his experien…
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Musings of a Tax Chick... Toronto, STEP Canada, and new legislation...
18:06
18:06
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Just got home from a fantastic week in Toronto at the STEP National Conference! In this mini-episode, I provide an overview of what I learned, give a sneak peek at upcoming episodes, and share my favorite restaurant spots in Toronto. Oh, and did you hear that the Federal Government plans to release draft legislation on the capital gains inclusion r…
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Retirement Reality Check: Know Your Income Needs
12:36
12:36
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In today's episode, we're tackling one of the biggest challenges pre-retirees face: accurately calculating their retirement income needs. Many people underestimate their expenses, leading to potential shortfalls in their retirement planning. Join host Evan Neufeld as he breaks down the essential expenses you'll need to consider, including those tha…
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Ask Evan: Your Financial Questions on Taxes, Investing, and Retirement
24:05
24:05
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24:05
In this episode of the Canadian Money Roadmap Podcast, Evan Neufeld addresses a wide range of listener questions. Topics covered include understanding capital gains on property sales, taxation of CPP payments, investment strategies for different time horizons, setting up custodial accounts for children, and managing pensions from previous employers…
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Can you retire at 55 with $500,000 in Canada?
13:45
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Can You Retire at 55 in Canada with $500,000? Watch this episode on YouTube In this special Tuesday edition of the Canadian Money Roadmap Podcast, host Evan Neufeld shares the audio from his recent YouTube video discussing the feasibility of retiring with $500,000 in savings for a 55-year-old couple. He explores various factors such as spending nee…
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Guiding Generosity: Navigating Donor-Advised Funds
32:51
32:51
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I want to let you in on a little secret... you do not have to be a billionaire in order to be philanthropic. There are many ways to give to charity, including gifts of your time! But in today's episode, I am chatting with my guests about a specific vehicle for charitable giving - the "donor-advised fund" or "DAF". It is a really neat alternative to…
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Investment Fund Performance: Costs, Turnover, and Long-Term Success
17:41
17:41
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17:41
In this episode I explore why a significant number of investment funds fail to outperform their benchmarks (let alone survive for the long term). This episode breaks down the critical factors of high fees and high turnover, offering insights on how these elements negatively impact fund performance. Become more confident with your money - Financial …
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Musings of a Tax Chick... Boardroom Dilemmas: Navigating Director Liability
15:37
15:37
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Huge thank you to my listeners as we have now surpassed 30K downloads, and have managed to stay in the top 100 business podcasts on Apple Podcasts over the past 5 - 6 weeks! In this episode: I provide an update on what has happened since the Federal Budget - turns out we actually still have zero clarity on the capital gains inclusion rate changes. …
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I want to answer your questions! Here's the first one...
11:14
11:14
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In this episode, I introduce my new Fan Mail feature where you can text me your questions. Depending on the questions I receive, I might be able to feature it in a future episode! Click on the link above the description to send me a text question. To clarify a few questions about this service: I cannot reply to the text, I don't receive your full p…
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Musings of a Tax Chick... so I filed my tax return, now what??
14:42
14:42
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Anyone else feel like filing your tax return can be a bit anti-climactic? In today's mini-episode, I am sharing my tips for what you should do post-tax season including: - checking your assessment - making arrangement for payment - organizing your documents - getting ready for next year! RESOURCES DISCUSSED ON THIS EPISODE: How to make a payment at…
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Understanding Trusts for Effective Financial and Estate Planning
52:47
52:47
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Gain a clear understanding of trusts and how they can be leveraged for estate planning with tax expert Amanda Doucette, my insightful guest and fellow podcaster from The Tax Chick. We take the mystery out of trusts, explaining the three certainties - intention, subject matter, and beneficiaries - that are essential to their formation. Whether you'r…
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TFSAs 101: My guest appearance on The Tax Chick Podcast with Amanda Doucette
32:07
32:07
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On this week's episode, I was delighted to be a guest on Amanda Doucette's The Tax Chick Podcast to talk about all things Tax-Free Savings Accounts (TFSAs). As we delve into the nuanced world of TFSAs, you'll gain a clearer understanding of how these accounts can be much more than a place to stash your cash. Get the scoop on navigating over-contrib…
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Musings of a Tax Chick - Have you received a letter from CRA after filing your tax return?
14:23
14:23
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The countdown is on... only a few days left to the end of the Canadian personal income tax season! If you have already filed your return, but not yet received your notice of assessment, have you received a letter from CRA asking for more information? In the last couple of days, a number of my clients have reached out for help after receiving letter…
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Could the financial strategies that appear flawless on paper be leading us astray in the real world? We're peeling back the layers of investment principles to reveal why some inefficiencies might just be your portfolio's best friends. Taking a page from Morgan Housel's "Same as Ever: A Guide to What Never Changes," we delve into the unexpected virt…
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Federal Budget 2024 - Musings of a Tax Chick
38:31
38:31
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You asked for it... an episode on the 2024 Federal Budget geared towards non-tax practitioners! I fully intended to make this a mini-episode, but there was just SO MUCH to discuss, that I ended up talking for over 30 minutes - I hand-picked a few of the key changes to discuss, but if there are other items you would like me to address in a future ep…
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Understanding Segregated Funds with Mark McGrath
1:02:31
1:02:31
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This week I'm joined by Mark McGrath as we dig into segregated funds. These investment vehicles blend mutual funds with insurance and offer unique guarantees but….. the benefits to investors are less clear. We delve into fees, performance, guarantees and other pros and cons. We also examine the human side, critiquing sales practices and exploring s…
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Time to sell? What you should expect after a good run for stocks
14:59
14:59
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The stock market has looked great recently! Is it time to take some money off the table? In this episode, I walk you through the considerations you need to make to decide whether it is time to sell or stay the course. Become more confident with your money - Financial Foundations CourseBy Evan Neufeld, CFP®
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3-7% Returns, TFSA Multi-Millionaires and What To Do Beyond $100,000
24:16
24:16
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This week, I'm tackling a few topics that were popular on Reddit over the last month. 1. What should you use for return assumptions in your planning? 2. Becoming a TFSA multi-millionaire 3. What should be your priority after building your first $100,000 **For a more in-depth look at expected returns, check out the recent Rational Reminder Podcast e…
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What happens to your RRSP after retirement?
17:20
17:20
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17:20
In this week's episode we walk through the two phases of your RRSP: accumulation (RRSP) and spending (RRIF). Become more confident with your money - Financial Foundations CourseBy Evan Neufeld, CFP®
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Musings of a Tax Chick... Bare trusts and trust reporting rules
16:17
16:17
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UPDATE: March 28, 2024 (1:15 p.m.) CRA just released an update on bare trust filing requirements, and has advised that CRA will not require bare trusts to file a T3 Income Tax and Information Return (T3 return), including Schedule 15 (Beneficial Ownership Information of a Trust) for the 2023 tax year, unless the CRA makes a direct request for those…
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TFSAs - breaking down what you need to know! (with special guest, Evan Neufeld)
30:55
30:55
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Kicking off SEASON 5 of The Tax Chick Podcast with a special guest episode featuring fellow Saskatoon podcaster and Certified Financial Planner, Evan Neufeld! Tax Free Savings Accounts, or "TFSAs" - such a fun acronym! You likely have this type of investment, and are aware that one of the perks of a TFSA is that the growth accrues tax free... but a…
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Musings of a Tax Chick... Advanced trust topics!
15:45
15:45
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This is Part 2 of the mini-episodes on all things trusts! If you have mastered the basics, check out this episode for a discussion of some more advanced topics including: - Adding or Removing Beneficiaries (1:20) - Alter Ego and Joint Spousal Trusts (4:05) - Family law implications (9:13) - Corporate association issues (11:40) - Ongoing maintenance…
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Musings of a Tax Chick... overview of Season 5, and life update!
16:16
16:16
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Season 5!!! How did that happen? Check out this mini-episode for a brief trip down memory lane on the history of this podcast, a sneak preview of what is coming for this season, and a life update. HERE ARE SOME OTHER WAYS TO CONNECT WITH ME: My website! Email: thetaxchickpodcast@gmail.com @tax.chick (IG) LinkedIn Be a "Tax Chick VIP"…
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Have you noticed that everyone seems to be talking about trusts these days??? Seemed like an appropriate time to release a few mini-episodes on the topic. If you are looking for some foundational information on trusts, check out this episode. I cover topics like: - What is a trust? (2:02) - The three certainties (4:40) - Reasons why a trust may be …
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Income Splitting Strategies in Retirement
14:35
14:35
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If you could split your income with your spouse, there is a pretty good chance you could drastically reduce your tax bill. In this episode, I show you how that will be possible for you in your retirement years. Become more confident with your money - Financial Foundations CourseBy Evan Neufeld, CFP®
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This episode comes from The Canadian Money Roadmap YouTube channel from a video I posted on March 8 2024. If you want more content like what you find here on the podcast, the YouTube channel is the place for you! Thanks for listening and watching as always. Become more confident with your money - Financial Foundations Course…
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The Secret Ingredients of Stock Market Success
11:09
11:09
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11:09
**I usually keep my episode descriptions pretty minimal but this AI generated description was too flavourful to keep to myself. Enjoy.** Ever find yourself marveling at grandma's mouthwatering dishes, only to discover her "secret ingredient" was something quite unexpected? That's the essence of my snowy Saskatchewan weekend revelation: the culinary…
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In this episode I will discuss the ideas of "safe" investments and how risk can be viewed differently depending on your perspective. Become more confident with your money - Financial Foundations CourseBy Evan Neufeld, CFP®
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In our conversation we discuss the concepts of the Financial Independence Retire Early (FIRE) movement. If you're wanting to pursue FIRE for yourself, we go over a few challenges you might run into and things to consider before committing your lifestyle to this goal. Connect with Sam Lichtman, CFP® Become more confident with your money - Financial …
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Maximizing Retirement Savings and Tax Benefits with Spousal RRSP Strategies
16:41
16:41
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Unlock the full potential of your retirement savings with our latest episode, where we unravel the power of spousal RRSPs. As the RRSP deadline looms, we delve into strategies that not only prepare you for a stable retirement but also smartly align your savings with your current income bracket to maximize tax benefits. With an eye on the future, we…
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Mastering Tax Season: A Guide to Navigating the CRA My Account
21:20
21:20
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21:20
In this episode I walk you through the benefits of registering for your CRA My Account. It is an incredibly useful tool for understanding your tax situation and finding tax slips all in one place. I would highly recommend that everyone register for it before you file your taxes this year! Become more confident with your money - Financial Foundation…
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Building Stability With Variable Income | With Aravind Sithamparapillai
39:38
39:38
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Today, I'm joined by Aravind Sithamparapillai to discuss financial planning for people with variable incomes including sales professionals. Aravind has a wealth of personal experience in this area as a former medical device salesperson so he brings a unique perspective and very practical advice. Connect with Aravind **Aravind is an Associate at Iro…
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Are stocks expensive? What should you do about it?
15:29
15:29
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Welcome to Part 2 of my exploration of investing at "all time highs". This week, I'm looking into high valuations and what it means for investors nervous about investing when stocks are expensive. Become more confident with your money - Financial Foundations CourseBy Evan Neufeld, CFP®
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Should you invest when stocks are at all time highs?
13:14
13:14
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Have you ever felt uneasy about investing when the market is nearing all time highs? What if a crash happens or it declines right away? In this episode we look to history to help inform what investors should do in this potentially tricky situation. Become more confident with your money - Financial Foundations Course…
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I don't like goals... I like processes and systems and rituals that will eventually lead to accomplishing goals. I just call them, Areas of Focus. In this episode, I will go through my personal areas of focus for my financial life this year. Become more confident with your money - Financial Foundations Course…
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Tax-Free Income for Families: Maximizing Your Canada Child Benefit
20:21
20:21
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In this episode, I explore the Canada Child Benefit (CCB), a tax-free financial support for families. l lead off discussing who qualifies and how much you can receive before going over how household income affects your CCB. Finally, I'll provide some strategies to increase your payments, including the impact of RRSP contributions. Become more confi…
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Happy New Year! Reflecting on 2023, and looking ahead to 2024...
17:22
17:22
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17:22
Before you pop the champagne and sing Auld Lang Syne tomorrow night, I wanted to give you one last episode of The Tax Chick Podcast for 2023! I will be back with Season 5 of the podcast (and debuting some new music!) in March 2024. In this episode, I provide some information on STEP and why I was in London, England earlier this month, and reflect o…
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Dividend Investing: Busting Myths and Understanding Risks with Mark McGrath (Replay)
41:15
41:15
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Finishing off the year with a few of my top episodes of 2023! Thanks to all of you for being loyal listeners of the podcast. See you with some new episodes in 2024 Become more confident with your money - Financial Foundations CourseBy Evan Neufeld, CFP®
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Becoming a TFSA Millionaire: Creating Generational Wealth with a Small Monthly Investment (Replay)
21:31
21:31
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Finishing off the year with a few of my top episodes of 2023! Thanks to all of you for being loyal listeners of the podcast. See you with some new episodes in 2024 Become more confident with your money - Financial Foundations CourseBy Evan Neufeld, CFP®
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1
Get on the same page: Communication, Collaboration, and Future Planning with your partner
18:07
18:07
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Dealing with money topics with a partner can be stressful and particularly stressful for the person who is not the "money person" in the relationship. In this episode, I help outline a way that you can very simply explain your entire money life to your partner without getting into the weeds of technicalities. The high level details of your financia…
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You might not want to hear it... but here are 7 inconvenient truths about investing: Low fees won't solve all your financial problems Any long term investment worth owning will go down at some point If you're properly diversified, some part of your portfolio will always be underperforming Someone you know will always have a better performing portfo…
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In this episode, I'll discuss the new TFSA contribution limit for 2024 and why it might be a good idea to withdraw funds now if you're planning to use them early next year. We'll also look at the First Home Savings Account (FHSA), and the importance of opening this account in the year you wish to use the contribution room. We'll additionally explor…
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Do you need a fractional CFO? Featuring special guest, Jordan Brown
30:36
30:36
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When you hear the acronym "CFO" what do you think? You might think that your business only needs a "Chief Financial Officer" if you are making millions of dollars... turns out, that is not the case! On today's episode of the podcast, I am bringing back Jordan Brown, principal of Lift Accounting and Copilot Advisory right here in Saskatoon. We are t…
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Are you well-armed against the 20 most common investing pitfalls? In this week's episode, I dive into the critical importance of setting reasonable expectations for returns, having clear investment goals, ensuring portfolio diversification, and avoiding the pitfalls of falling into short-term focus. We also shed light on the dangers of excessive tr…
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Have you ever struggled with finding the perfect gift for that person in your life who seems to have everything? This week, fellow financial planner Jordan Arndt joins me to propose a unique and meaningful solution: charitable gifts. Our conversation takes us through the concept of Giving Tuesday, showcasing the importance of giving back during the…
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Understanding Your Money: Why Financial Literacy Is Actually Important
23:05
23:05
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November is Financial Literacy Month in Canada and this week's episode is dedicated to that! We talk about the importance and benefits of financial literacy and then walk you through a quiz to see where you'd land on the literacy scale. If you need some help with getting rid of some of your financial "I Don't Know's", get started with my Financial …
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