The Canadian Money Roadmap

Send us Fan MailEPISODE SUMMARYEvan 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.✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLISTTOPICS IN THIS EPISODEPre-tax vs after-tax returns Various types of investments accounts - TFSA, RRSP, Non-registered Types of income and how they are each taxed - interest, dividends, capital gainsHow each investment account treats tax Pairing asset allocation with investment plan type  OTHER EPISODES7. Tax Basics and “The Next Bracket” Myth 10. Using a TFSA Like a Pro13. Is an RRSP the Best Choice for your Retirement SavingsIf you enjoy listening to the podcast, please leave a 5 star review on Apple Podcasts📝Financial Foundations Scorecard - See how you score in the areas of cashflow & spending,  saving & investing, debt & risk protection, and retirement readiness. Instant feedback and recommendations on how to improve your finances.🌳 Connect with Evan and Cedar Point Wealth | Services and Pricing

Send us Fan MailEPISODE SUMMARYWhen 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 CHECKLISTTOPICS IN THIS EPISODEDefining various asset classesWhat asset allocation means Understanding how asset allocation impacts your portfolio Deciding on your asset allocation and finding the appropriate investment to matchOTHER EPISODES17. Investing Basics Part 1 - Stocks18. Investing Basics Part 2 - Bonds33. Are your Investments Appropriate for your Retirement Timeline?If you enjoy listening to the podcast, please leave a 5 star review on Apple Podcasts📝Financial Foundations Scorecard - See how you score in the areas of cashflow & spending,  saving & investing, debt & risk protection, and retirement readiness. Instant feedback and recommendations on how to improve your finances.🌳 Connect with Evan and Cedar Point Wealth | Services and Pricing

Send us Fan MailEPISODE SUMMARYToday’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 CHECKLISTTOPICS IN THIS EPISODEWhat is investment risk and how to measure it Risk of different assets and understanding risk in your portfolio Relationship between risk and return Understanding your risk capacity and risk tolerance OTHER EPISODES21. Stocks, Bonds, or Cash? How do you Decide?23. Time Heals all Wounds33. Are your Investments Appropriate for your Retirement Timeline? If you enjoy listening to the podcast, please leave a 5 star review on Apple Podcasts📝Financial Foundations Scorecard - See how you score in the areas of cashflow & spending,  saving & investing, debt & risk protection, and retirement readiness. Instant feedback and recommendations on how to improve your finances.🌳 Connect with Evan and Cedar Point Wealth | Services and Pricing

Send us Fan MailThanks 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📝Financial Foundations Scorecard - See how you score in the areas of cashflow & spending,  saving & investing, debt & risk protection, and retirement readiness. Instant feedback and recommendations on how to improve your finances.🌳 Connect with Evan and Cedar Point Wealth | Services and Pricing

Send us Fan MailEPISODE SUMMARYHow 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 highlights some pros and cons of both. Always do your research before investing and be careful about believing everything you hear in advertising!✅ DOWNLOAD FREE RETIREMENT READINESS CHECKLISTTOPICS IN THIS EPISODEUnderstanding mutual funds Understanding ETFs Comparing mutual funds and ETFs Pros and cons of each option OTHER EPISODES17. Investing Basics Part 1 - Stocks18. Investing Basics Part 2 - Bonds20. Understanding Investment Risk 21. Stocks, Bonds, or Cash? How do you Decide? If you enjoy listening to the podcast, please leave a 5 star review on Apple Podcasts📝Financial Foundations Scorecard - See how you score in the areas of cashflow & spending,  saving & investing, debt & risk protection, and retirement readiness. Instant feedback and recommendations on how to improve your finances.🌳 Connect with Evan and Cedar Point Wealth | Services and Pricing

Send us Fan MailEPISODE SUMMARYToday 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 CHECKLISTTOPICS IN THIS EPISODEWhat are bonds How can you make money with bonds Why should you consider bonds for your portfolio OTHER EPISODES17. Investing Basics Part 1 - Stocks19. Investing Basics Part 3 - Mutual Funds and ETFs 20. Understanding Investment Risk 21. Stocks, Bonds, or Cash? How do you Decide? If you enjoy listening to the podcast, please leave a 5 star review on Apple Podcasts📝Financial Foundations Scorecard - See how you score in the areas of cashflow & spending,  saving & investing, debt & risk protection, and retirement readiness. Instant feedback and recommendations on how to improve your finances.🌳 Connect with Evan and Cedar Point Wealth | Services and Pricing

Send us Fan MailEPISODE SUMMARYOn 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 CHECKLISTTOPICS IN THIS EPISODEClarify key language used with stock investing Define what stocks are How do you make money with stocks What affects the price of a stock Why should you own stocks OTHER EPISODES18. Investing Basics Part 2 - Bonds 19. Investing Basics Part 3 - Mutual Funds and ETFs 21. Stocks, Bonds, or Cash? How do you Decide?If you enjoy listening to the podcast, please leave a 5 star review on Apple Podcasts📝Financial Foundations Scorecard - See how you score in the areas of cashflow & spending,  saving & investing, debt & risk protection, and retirement readiness. Instant feedback and recommendations on how to improve your finances.🌳 Connect with Evan and Cedar Point Wealth | Services and Pricing

Send us Fan MailEPISODE SUMMARYWon'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 CHECKLISTTOPICS IN THIS EPISODEWhat an RESP is and why they exist Government incentives via grants and bondsIncentives for lower-income families Types of RESP plans Rules for RESP withdrawals What if the kids don’t go to university?  Options for this scenario RESOURCES MENTIONEDGovernment of Canada - RESPsOTHER EPISODES4. Student Loans, Lines of Credit and How to Get Through Postgrad Debt Free 44. How to Help Your Kids Buy a Home If you enjoy listening to the podcast, please leave a 5 star review on Apple Podcasts📝Financial Foundations Scorecard - See how you score in the areas of cashflow & spending,  saving & investing, debt & risk protection, and retirement readiness. Instant feedback and recommendations on how to improve your finances.🌳 Connect with Evan and Cedar Point Wealth | Services and Pricing

Send us Fan MailEPISODE SUMMARYThis 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 CHECKLISTTOPICS IN THIS EPISODEHow to qualify for a mortgage Types of mortgages available CMHC insuranceTips for deciding on a down payment amount…and whether 20% down always makes sense RESOURCES MENTIONEDThe Mortgage Group OTHER EPISODES3. Buying a Car 12. Buying a House with Kindra Sowden 43. Should you Rent or Buy a Home? If you enjoy listening to the podcast, please leave a 5 star review on Apple Podcasts📝Financial Foundations Scorecard - See how you score in the areas of cashflow & spending,  saving & investing, debt & risk protection, and retirement readiness. Instant feedback and recommendations on how to improve your finances.🌳 Connect with Evan and Cedar Point Wealth | Services and Pricing

Send us Fan MailEPISODE SUMMARYMy 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 CHECKLISTTOPICS IN THIS EPISODEPersonal tax filing deadlinesHousekeeping items to be ready to file your taxes How income tax works in Canada Practical tips for filing your taxes RESOURCES MENTIONEDCertified tax software options CRA My Account COVID-19 Benefits and TaxesOTHER EPISODES7. Tax Basics and “The Next Bracket” Myth 41. Reduce your Taxes with Deductions and Credits If you enjoy listening to the podcast, please leave a 5 star review on Apple Podcasts📝Financial Foundations Scorecard - See how you score in the areas of cashflow & spending,  saving & investing, debt & risk protection, and retirement readiness. Instant feedback and recommendations on how to improve your finances.🌳 Connect with Evan and Cedar Point Wealth | Services and Pricing