The Canadian Money Roadmap

Send us Fan Mail EPISODE SUMMARY On this episode, Evan provides a framework to think about whether your investments are appropriate for your retirement timeline.  Managing risk might mean you need to make adjustments to your portfolio as you get closer to retirement and throughout your retirement years.  ✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLIST TOPICS IN THIS EPISODE Investment risk and rew...

Send us Fan Mail EPISODE SUMMARY When you're living off your savings instead of relying on employment income, the idea of an emergency fund changes a bit.  Here's a quick episode with what Evan recommends! Continue to follow along through this series by downloading your copy of the retirement readiness checklist below. ✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLIST TOPICS IN THIS EPISOD...

Send us Fan Mail EPISODE SUMMARY Today’s episode focuses on Old Age Security, another one of the government benefits you may receive.  Evan walks through the basics of OAS, how to qualify, and how much you might receive. ✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLIST TOPICS IN THIS EPISODE How OAS works and what it is  How much OAS you could receive  How to qualify for OAS  Items to be aware of,...

Send us Fan Mail EPISODE SUMMARY Today’s episode focuses on the Canada Pension Plan.  As CPP will be a component of your retirement paycheque, Evan walks you through CPP specifics and how much you might receive. ✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLIST TOPICS IN THIS EPISODE How CPP works and what it is  CPP funding and contributions How you can find out how much you might receive  Impacts...

Send us Fan Mail EPISODE SUMMARY Spending is easy, but spending with the goal of reducing your lifetime tax bill isn't as straightforward.  In this episode, Evan explains how your different plans (RRSP/RRIF, LIRA/LIF, Non-registered and TFSA) are treated from a tax perspective and how to prioritize your withdrawals to keep more money in your pocket. Grab your copy and follow along with our re...

Send us Fan Mail EPISODE SUMMARY Today’s episode continues our series highlighting the items from my retirement readiness checklist.  Get your copy by downloading the checklist from the link below! Working in retirement is a bit of an oxymoron but many people choose to pick up jobs to supplement their income, stay active or even start a business in a new field entirely! You’ll want to watch out fo...

Send us Fan Mail EPISODE SUMMARY Today’s episode is the first in a series highlighting the items from my retirement readiness checklist.  Get your copy by downloading the checklist from the link below! Having guaranteed income from a pension, annuities or government benefits can be critical to your success in retirement.  These items will form your "income floor,” putting a lower bound on you...

Send us Fan Mail EPISODE SUMMARY Over time your investment portfolio will move along with the market.  Stocks and bonds will move at different speeds and sometimes in different directions.  These investments in your portfolio won’t stay in the perfect split that you want.  To keep your risk profile in check and take advantage of lower prices in other assets, rebalancing is your friend! ✅ DOWNLOAD...

Send us Fan Mail EPISODE SUMMARY Here are a few ideas to help you contribute money to a spousal RRSP in a high tax bracket and withdraw in a low bracket in the future. In the right situation, you can drastically reduce your lifetime tax bill by using a spousal RRSP correctly. ✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLIST TOPICS IN THIS EPISODE What a spousal RRSP is  Why you might want to use a...

Send us Fan Mail EPISODE SUMMARY TFSAs are the best way to invest smarter and reduce taxes over the long term.  But you’ll want to be careful of some of these critical pitfalls that can get you into trouble. ✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLIST TOPICS IN THIS EPISODE Quick refresh on what a TFSA is and how it works  Explanation of TFSA contribution room and how it accumulates  Overcontr...

Send us Fan Mail EPISODE SUMMARY While some people think that investing is essentially gambling, Evan uses this episode to explain how investing is the opposite of gambling when you have time on your side. ✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLIST TOPICS IN THIS EPISODE Evan’s thoughts on taking investing advice from the media  How investing is not the same as gambling How long term investin...

Send us Fan Mail EPISODE SUMMARY Evan and Steven are back to discuss where to invest your stocks and bonds to save as much tax as possible.  If investment income is taxed in different ways (interest vs capital gains vs dividends) and each plan type (RRSP vs TFSA vs Non-Registered) creates taxable income in different ways, you need to have a plan to invest with the goal of reducing taxes over time....

Send us Fan Mail EPISODE SUMMARY When building an investment portfolio, the mix between stocks, bonds, cash and other assets is called Asset Allocation. Steven Guenther, CFP, joins me again to discuss this critical aspect of building an appropriate portfolio you can stick with for the long term. ✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLIST TOPICS IN THIS EPISODE Defining various asset classes W...

Send us Fan Mail EPISODE SUMMARY Today’s episode kicks off our summer series focused on the themes of investing smarter and reducing taxes.  Certified Financial Planner, Steven Guenther, joins me again to discuss risk and how to think about it for your investments. ✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLIST TOPICS IN THIS EPISODE What is investment risk and how to measure it  Risk of differen...

Send us Fan Mail Thanks for listening to season 2 of the Canadian Money Roadmap! Heres a recap episode of everything we covered on the "Next Steps" season. If you have questions or ideas you'd like to see on future episodes, please send me an email at evan@ennsbaxter.com 📱 Book an intro call - Cedar Point Pathway retirement planning service 📝 Financial Foundations Scorecard - See...

Send us Fan Mail EPISODE SUMMARY How can an average person buy stocks and bonds easily and make sure they are diversified in the process? Mutual funds and ETFs (exchange traded funds) can help! On today’s episode, Evan walks through these two options.  The discussion isn't a recommendation of either or a head to head battle with a winner, but just compares the two investment tools and highlig...

Send us Fan Mail EPISODE SUMMARY Today Evan dives into the investment you have heard of but probably don’t really understand.  Evan provides the basics on bonds and how they might fit into your portfolio. ✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLIST TOPICS IN THIS EPISODE What are bonds  How can you make money with bonds  Why should you consider bonds for your portfolio  OTHER EPISODES 17. Inve...

Send us Fan Mail EPISODE SUMMARY On today's episode, Evan will be covering off some of the basics when it comes to investing in stocks.   There are no recommendations or hot stock picks here but just what you need to know before you dive into the world of investing.  ✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLIST TOPICS IN THIS EPISODE Clarify key language used with stock investing  Define w...

Send us Fan Mail EPISODE SUMMARY Won't somebody please think of the children?! Well, if you're thinking about saving for your kids' education, this is the podcast for you.  Steven Guenther and I walk through the basics and the not-so-basics when it comes to RESPs. ✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLIST TOPICS IN THIS EPISODE What an RESP is and why they exist  Government in...

Send us Fan Mail EPISODE SUMMARY This week we cover all things mortgages with Bud Jorgenson of The Mortgage Group.  Bud provides lots of great nuggets of wisdom as an expert on this topic! ✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLIST TOPICS IN THIS EPISODE How to qualify for a mortgage  Types of mortgages available  CMHC insurance Tips for deciding on a down payment amount…and whether 20% down...

Send us Fan Mail EPISODE SUMMARY My guest this week is Luke Hergott, a Chartered Professional Accountant (CPA) at EY.  Luke walks us through the steps you need to take to make sure you're prepared to file your taxes for the 2020 tax year. ✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLIST TOPICS IN THIS EPISODE Personal tax filing deadlines Housekeeping items to be ready to file your taxes  How...

Send us Fan Mail EPISODE SUMMARY In this episode, Evan covers some of the myths and misconceptions about how RRSPs really work and how they might not be the best option for most people. ✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLIST TOPICS IN THIS EPISODE Brief overview of how RRSPs work  Myths about RRSP usage  Ways to use an RRSP to your advantage  RESOURCES MENTIONED Government of Canada - RRS...

Send us Fan Mail EPISODE SUMMARY If you're looking for some tips on the home buying process, this episode is for you! Kindra Sowden is one of Saskatoon's top Realtors and she gives some great advice when it comes to making one of the biggest purchases of your life. No pressure…. ✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLIST TOPICS IN THIS EPISODE All things buying a house  Reasons you...

Send us Fan Mail EPISODE SUMMARY On this week's episode, I'm actually the guest! This is an episode I recorded with Matt Ramage from the Sask Wedding Podcast where we discuss money conversations you should be having with your partner before your wedding and then as you build your lives together. Matt is a wedding and lifestyle photographer based out of Saskatoon. You can find him on inst...

Send us Fan Mail EPISODE SUMMARY We’re back with Season 2 of The Canadian Money Roadmap Podcast!  This episode focuses on TFSAs and will set you up to use them like a pro.  ✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLIST TOPICS IN THIS EPISODE 1. TFSAs are best used for building long term wealth.  Short term savings are best saved in a non-TFSA Savings account. 2. You can (and should!) invest for...