Federal Election Promises That Affect Personal Finances Today we have a very special episode – our 100th episode!!! Originally, I had planned to finish up the series about personal finances and death but I felt like that was a little too dark…so instead we’ll talk about the politics – a topic only a little less darker than death. With the federal election quickly coming up on September 20th, I thought that it would be more valuable to see what promises the main parties have made that will affect your personal finances. Most of these proposals are just promises, so they may never happen but ..read more

What Happens To Your Finances At Death? (Pt. 1) Today were going to take a stroll in one of the more darker corners of personal finance – what happens to your finances at death. I understand that this can be an emotional topic – so please consider skipping this episode if you’re not in the right frame of mind. Also, as a reminder – All notes for today’s episode will also be available on the show notes website. I’ll also include some helpful links and resources. Why It’s Important Understanding what happens to someone’s finances when they pass away is really important to include in a comprehen ..read more

Today we have a really short episode for you. We’re going to explore a simple budgeting opportunity that is now available to Canadians But before we jump into that, I just wanted to share some exciting news – we have now almost hit a quarter of a million podcast downloads – which is just mind blowing! This is an incredible achievement and I wanted to personally thank every single listener for your support. The success of this podcast has absolutely exceeded my expectations and I feel quite flattered. This is also a perfect time to remind everyone that we do have a Patreon page where you can ..read more

Protecting Investments From Inflation Today we’re going to continue our conversation about inflation and protecting investments. Just last week, another inflation announcement was made – this time at an annual rate of 3.6% which is up .2% from the previous announcement. These gains were mainly due to increases in energy costs, shelter, and vehicles. The background of these increases is pretty interesting. The rise in energy prices is due to increased demand and some supply issues caused in the States and abroad. Similarly, the rise in vehicle prices is tied to demand increases and the shortag ..read more

Inflation In Canada Today, let’s talk about a topic is quickly becoming the hot subject of debate amongst the financial community and how Canada is being affected. This issue at hand is inflation – a topic that has nearly been forgotten by many but has recently raised some red flags and can cause some serious damage if it get’s out of control. Since this topic is so big, I’m going to split the material into two separate episodes – in the first, we’ll cover why inflation is spooking individuals right now and how inflation is even measured in Canada. During the next episode, we’ll look at how ..read more

Mess Up On Your Taxes? Here’s How to Fix Them It’s so easy to happen – You spent hours doing your income taxes – filing, preparing, double checking, and then finally sending it in to the CRA. You feel relieved. As you start putting everything away, a slip flies out of your file and lands on your floor. You look at it and it’s one that you didn’t include with your filings. Frustrated, you wonder what’s next and if it’s even worth your time. This is actually a pretty common occurrence – tax slips that may have been misfiled, lost in the mail, never issued at all and much more! As you can proba ..read more

Exploring The New Federal Budget! Today we’re going to dive into one of my favourite annual traditions – the federal budget! This 700 page plus present covers a lot of content – some of which you’ve already likely heard about but there’s also a lot that you probably haven’t – stuff that’s tucked away and not found unless you go digging. So join us as we explore the many corners of the 2021 Federal Budget! Now before we jump into the content – it’s important to point out that all of these programs are proposed and nothing has been passed yet. The federal government still has minority rule a ..read more

Don’t Fear Your Income Taxes (& How To Make Sense of it!) One of the biggest wins that we gain along our financial education journey is empowerment. The amount of confidence that is gained from new knowledge and skills can be extremely powerful and life changing. One of the most challenging and overlooked areas of personal finances are income taxes. When learners are confronted with understanding taxes it can quickly seem like an overwhelming system. It also doesn’t help that it can trigger deep seeded emotions or appear to be boring. Taxes can feel a lot like being in the circus – you ..read more

Updates on COVID-19 Benefits Taxation Today we are going to talk all about COVID-19 benefits taxation and how some recently released updates will be change how these tax bills will be treated. We’ll also talk about what is going to happen to those small businesses that thought that they qualified but were later told that they didn’t. As always if you’re enjoying the show, please consider making a small donation to us over at Pateron. The link will be in the podcast show notes and many thanks in advance. COVID-19 Benefits Taxation – Turning Into A Debt So millions of Canadians received some ..read more

The GameStop Saga – Show Notes Hello and welcome back to SimpleMoney podcast I’m your host Matthew Siwiec – also known as the Friendly Financial Coach. On today’s episode we cover the GameStop saga and pick it apart to see what’s actually happening behind the curtain. This is a pretty hot topic and I received a few requests to decipher what is going on. It’s so hot that Netflix and MGM are already in discussions to make films about the situation. About GameStop To first understand the situation, we need to look at the main stock at the centre of the debate – GameStop. Other stocks have been i ..read more