Listen to it on Apple Podcasts. Listen to it on Spotify. Listen to it on YouTube Music or YouTube Listen to it on Google Podcasts. With inflation slowing down here in Canada, we are starting to hear talks about the Bank of Canada no longer planning to increase our interest rates, or maybe even lowering them. This can have an impact on your investment portfolio, particularly if you hold bonds, because remember there is that inverse relationship between interest rates and bonds, where increases in the interest rate tend to lower the value of the bonds that you hold in your ..read more

Listen to it on Apple Podcasts. Listen to it on Spotify. Listen to it on YouTube Music or YouTube Listen to it on Google Podcasts. Today, we’re going to cover what you need to know from a tax, investing, and financial planning perspective as we head into this new year. As you know, the government makes changes every year in these areas and the implications of these changes can have a pretty substantial impact on how much you pay in taxes, your net worth, what government benefits you are eligible to get, and how much you get. These can easily affect your net worth in the ..read more

Listen to it on Apple Podcasts. Listen to it on Spotify. Listen to it on YouTube Music or YouTube Listen to it on Google Podcasts. We’ve all heard of high interest savings accounts that we can open up at our bank. But is that always our one and only best option when it comes to where we keep our short term cash? What about for things like our emergency fund, or when we are saving for something expensive like a car and we want that money to be available immediately when we need it, and not be subject to the sometimes large day-to-day fluctuations ..read more

Listen to it on Apple Podcasts. Listen to it on Spotify. Listen to it on Google Podcasts. In this episode, you’re going to learn: How to deal with the volatility of the stock market, once you are financially independent and are living off your investments: There are many schools of thought and structures when it comes to dealing with this challenge here in Canada. Retirement expert, Kyle Prevost takes us through his research on the top recommended and respected structures that he has uncovered for us Canadians. We also go through Kyle’s research on the optimum location for th ..read more

Listen to it on Apple Podcasts. Listen to it on Spotify. Listen to it on Google Podcasts. In this episode, our guest Kyle Prevost is going to take us through how much we need to retire, as Canadians, and how much can we sustainably withdraw from our portfolio to not run out of money once we retire. If you are a long-time listener of the show, then by now you would have definitely heard of the 4% rule, which helps answer these two questions. But, the 4% rule was created by Americans, for Americans, so how do all those findings and statistics apply to us Canadians?  (If yo ..read more

UPDATE: I was recently interviewed about RESPs again for the 2023/2024 year and so I wanted to include that video for you since the RESP training video that I was asked to do for all the Questrade customers (see below) is now a few years old (although it it still highly relevant and applicable since the fundamental rules for it have not changed.).  To start, here is the interview on ETF Market Insights for the 2023/2024 year: In addition to the above, I've included a written guide and video presentation below which goes into even more detail on RESPs. The video below is a very goo ..read more

I had the pleasure of being interviewed on ETF Market Insights to share some top best practices when it comes to saving for your child’s education via RESPs (Registered Education Savings Plans). We cover: How to maximize your grant How to minimize your fees The investment products that are very well suited for RESPs What I invest in for both of my kids in their RESP And much more! You can also watch the recording directly on YouTube here. Enjoy the episode, and I’ll be on live at 1pm EST today to answer any questions that you may have.  Have a wonderful weekend! Kornel The post Back to ..read more

Listen to it on Apple Podcasts. Listen to it on Spotify. Listen to it on Google Podcasts. With the multiple interest rate hikes that we’ve been experiencing here in Canada, many Canadians have seen their monthly cashflow take a hit, whether it’s because you have a variable rate mortgage, a line of credit, or other forms of debt. So what are your options if you’re paying more than you’d like on your interest payments, or maybe you have that mortgage coming up for renewal and you’re going to have to make that multi-thousand dollar decision on how you’re going to proceed? Should ..read more

Listen to it on Apple Podcasts. Listen to it on Spotify. Listen to it on Google Podcasts. Today we have Canadian author and speaker Fred Masters on the show. Fred has been a professional financial educator for decades here in Canada. He speaks at different universities to students and alumni, teaching financial wellness. In this episode, he’s going to share his findings on: What he’s found to be the main problem areas that tend to prevent us Canadians from reaching financial independence years earlier. What type of investing he has found to be the most effective in helping ..read more

Listen to it on Apple Podcasts. Listen to it on Spotify. Listen to it on Google Podcasts. Today, you’re going to learn how you can save money on your investments, by having the right investments, in the right accounts so that you pay as little tax as possible here in Canada. For example, if you hold Canadian stocks, or ETFs that hold Canadian stocks, should you put those in your RRSP? Your TFSA? Or your taxable account? Which one of those is the most tax efficient? What about your US and other international ETFs and stocks? What accounts should they go into so that you pay th ..read more