Are tax evasion and tax fraud the same? How do they impact the lives of Canadians? This episode will discuss the alarming consequences of tax illegal practices and the effective solutions to combat them. Hear from John Oakey, Chartered Professional Accountants CPA Canada’s VP Tax, on challenges and solutions while dealing with taxing troubles. Key Takeaways: Learn the difference between tax fraud and tax evasion Find out more about individual forms of tax evasion Learn how tax evasion hurts indi...
Feb 29, 2024•40 min•Season 9Ep. 6
You’ve heard the horror stories in the news: a family leaves for vacation and on their return someone has sold their house out from under them. Or, maybe they find that somebody has applied for a mortgage in their name. Who can fall victim to fraudulent property sales? In this eye-opening episode, we delve into a world where both lenders and homeowners can unknowingly become victims of deceit. In this episode, Jennifer Fiddian-Green, Partner, National Advisory Services, Forensics, Grant Thornton...
Feb 22, 2024•50 min•Season 9Ep. 5
Street robbery can have a lasting impact on individuals and their loved ones both financially and emotionally. In this episode, we discuss practical tips on how to protect yourself and how to deal with the aftermath of a street robbery to regain control over both the emotional and financial aspects of your life, such as why it’s imperative to make a police report. We speak with Li Zhang , Director, Financial Literacy , at CPA Canada, as she talks about her experience with street robbery and the ...
Feb 15, 2024•55 min•Season 9Ep. 4
Love is a many-splendored thing, but it can turn into a nightmare when entangled with romantic catfishing scams. Certain people, such as aging, lonely seniors can fall victim to these kinds of scams and unwittingly become a money mule for thieves. Join Jeff Horncastle, Acting Client and Communications Outreach Officer at Canadian Anti-Fraud Centre to know more on how to protect yourself and your loved ones from falling victim to romantic schemes. Key Takeaways: Learn the red flags that may indic...
Feb 08, 2024•25 min•Season 9Ep. 3
This episode explores the intricate world of cryptocurrency scams, key red flags, and strategies to protect oneself from falling prey to these schemes. Join our experts Charlie Pettypiece , Senior Investigation Counsel in the Enforcement Branch of the Ontario Securities Commission and Dena Staikos , Manager in the Compliance and Registrant Regulation Branch of the Ontario Securities Commission, to learn more about Identifying warning signs of potential cryptocurrency scams and safe investing pra...
Feb 01, 2024•45 min•Season 9Ep. 2
Increased risks of fraud scams leading to money laundering have intensified as we step further into the digital era. As our financial institutions become more digitized, so increases a fraudster’s ability to generate and move illicit funds anonymously and instantaneously. What is money laundering? How has it evolved? How can it affect you? In this episode, we dive into the complexities of money laundering, exploring its impact on society, businesses, and individuals. We will also discuss governm...
Jan 25, 2024•29 min•Season 9Ep. 1
Join host Doretta Thompson in season 9 of our Mastering Money podcast. We’re talking about the dark side of money. Together, we'll unravel the mysterious world of romance and cryptocurrency scams, tax trouble, robbery, money laundering fraudulent home sales and more. Through expert analysis and real-life stories, we dive into the complexities behind these disturbing realities and offer tips to protect you and your loved ones. Download Transcript...
Dec 07, 2023•37 sec•Season 9Ep. 1
The gig economy is here to stay as more individuals are engaging in side hustles to diversify their income streams. This episode will discuss the opportunities and challenges of side hustles, share success stories, and highlight key considerations for those looking to pursue additional income streams. Hear from Gerald Narciso, a Vancouver-based freelance writer who wrote in The New York Times, The Washington Post, The Globe and Mail, and Bleacher Report/CNN, on challenges and opportunities while...
Oct 12, 2023•40 min•Season 8Ep. 6
Where are your kids learning about money? In a changing financial landscape, how do we help our children manage their money in a world where cash is no longer king? We discuss how parents can manage these obstacles and pass good financial sense onto the next generation. In this episode, Hector Crespo, CEO at Mydoh , discusses the importance of financial conversations with kids and how they can help build a solid foundation for their future. Discover effective ways to teach kids about money manag...
Oct 05, 2023•33 min•Season 8Ep. 5
Artificial Intelligence (AI) is here to stay. With more jobs being automated, are you at risk of being left behind? We discuss the potential benefits and risks of AI adoption, how it might reshape industries and considerations you need to make to remain employable in a world driven by AI. Hear from Shesta Babar, KPMG, as we explore the impact of AI on the labor force. Discover more about how AI technology is reshaping industries and learn how to adapt and collaborate with AI to ensure your emplo...
Sep 28, 2023•40 min•Season 8Ep. 4
Your salary doesn’t paint the entire picture of your compensation. Benefits, flexible work, vacation time and more are all part of the overall package that contributes to your job satisfaction and financial well-being. We cover all components of your compensation and talk about how to properly evaluate them to make informed decisions about your career path. Join Carolyn Hamer, Deloitte Canada’s National Leader of Workforce Transformation, to know more on how to value benefits beyond just the sal...
Sep 21, 2023•41 min•Season 8Ep. 3
Can you ever prepare for sudden job loss? Maybe not, but you can take steps to future-proof your career and learn to navigate career uncertainties with grace. We talk about the strategies you can take to protect yourself and your career. Join our expert Pat Romain, The National Practice Leader - Career Transition @Gallagher, to learn more on how to develop a growth mindset, identify transferable skills, and harness the power of continuous learning to stay relevant in a rapidly changing job marke...
Sep 14, 2023•37 min•Season 8Ep. 2
When it comes to interest rates and inflation in Canada, what is their significance? What are the driving forces causing their fluctuation? And why should you care? We dive into the complexities of interest rates and inflation, exploring their impact on employment, wages, immigration, and mortgages. Join David-Alexandre Brassard, CPA Canada’s chief economist since July 2021, in a discussion on interest rates and inflation and their influence on employment and financial planning. Learn more about...
Sep 07, 2023•36 min•Season 8Ep. 1
Join host Doretta Thompson and PIVOT Magazine Associate Publisher, Douglas Dunlop, as they discuss what is upcoming in season 8 of our mastering money podcast. The future of labour is here, are you ready? Download transcript This season is proudly brought to you by Pivot Magazine .
Jun 21, 2023•3 min•Season 8Ep. 1
Talking about debt can be hard as it can bring up many emotions, including shame, guilt, and despair. But talking about debt is often the first hurdle to master so that one can concentrate on recovery. We sat down with Jeff Lewis, CPA, CA, FCCA, CIRP, LIT, Senior Vice-President and Partner at BDO Debt Solutions and Chantel Chapman, Co-Founder of The Trauma of Money and Financial Trauma Researcher and Educator, to learn more about the power of talking about debt, owning debt, and focusing on the ...
Feb 27, 2023•56 min•Season 7Ep. 6
You’re ready to retire and enter what has been called “the golden years” only to bring an unwelcome guest with you - Debt. This is the sad reality for many entering this stage of life, which is supposed to be about relaxing and freedom after years of hard work. For some, retirement is put on the backburner as they are forced to work longer, lend money to adult children, and get their finances under control. Hear from Christine Lang , BA(Econ), CPA, CGA, CCS, President and Principal Advisor, LANG...
Feb 16, 2023•33 min•Season 7Ep. 5
Have you heard of the term debt trap? Have you, or someone you know, fallen into one or several? If we aren’t careful, it's easy to fall into a debt trap that can seem like a never-ending mountain to climb over. Join Ilan Kibel , BDO Partner and Senior Vice President, as he explains what a debt trap is, examples of these traps, red flags to look out for and how one can pull themselves out to move forward financially. Additional resources: BDO Debt Solutions How much debt is too much? CPA Canada ...
Feb 09, 2023•43 min•Season 7Ep. 4
How often do you check your credit score? Do you know all the ways credit, good or bad, can affect you? Your credit score is so much more than a simple three-digit number, and it can follow and weigh you down for years if it gets too low. Understanding how to build and keep a healthy credit score is a key pillar of good personal finance. Join Julie Kuzmic, Senior Compliance Officer, Consumer Advocacy at Equifax Canada, as she gives listeners a crash course on building a strong credit score, debu...
Feb 02, 2023•48 min•Season 7Ep. 3
If you’re not careful, debt can be overwhelming, and you can find yourself feeling like there’s no way out. Understanding the warning signs that you may need help getting your debt under control is only the first step in moving towards a solution that works for you now and in the future. Hear from Nancy Snedden , Personal Debt Solutions Leader, Advisory with BDO Canada as she walks listeners through the process of recognizing and dealing with your debt problem through effective credit counsellin...
Jan 26, 2023•38 min•Season 7Ep. 2
When it comes to household debt in Canada, what do the numbers tell us? Recent economic volatility and rises in the costs of living have left many feeling uneasy about their financial situation. How is the average Canadian being affected by debt, and should we be concerned about the direction debt numbers are trending towards? Join our expert Guy Gellatly, Chief Economic Advisor in the Analytical Studies Branch at Statistics Canada , for an in-depth look at household debt in Canada and what the ...
Jan 19, 2023•33 min•Season 7Ep. 1
How do you envision yourself living in retirement? Making the transition to retired life is a big step and not always what one might expect. Too many retirees encounter problems such as isolation and life feeling meaningless without the daily work routine. However, there’s plenty of room to explore meaningful paths in your retirement that can lead to retired life being fulfilling and full of joy. Harold and Beverley Hutner are married CPAs who’ve been living in retirement for several years, and ...
Oct 13, 2022•27 min•Season 6Ep. 6
As we get older, we face different financial challenges. Our health, family situations, ability to work, and more all play a part in laying the trackwork to retirement, and each person’s path is different. If we’re to stay the course and retire the way we want to, understanding how to take on the challenges of aging while making your money work for you is crucial. Tina Tehranchian , Senior Wealth Advisor at Assante Capital Management Ltd., joins us for a discussion on navigating new and often in...
Oct 06, 2022•31 min•Season 6Ep. 5
There’s no escaping the fact that the average Canadian is getting older. With Canadians aged 55 to 64 now outnumbering those aged 15 to 24, our country’s future is looking very different. If you’re wondering how this all affects your own future with respect to retirement plans, you are most definitely not alone. Rob Carrick of the Globe and Mail is one of Canada’s most trusted and widely read financial experts, and he joins us on this episode to discuss how these changing demographics are affect...
Sep 29, 2022•39 min•Season 6Ep. 4
Inflation has caused more than a few financial headaches, with the price of almost everything going up, and up, and up. But what does inflation mean for your retirement plan? Who should you talk to when seeking advice? Is retiring while inflation is running rampant as bad as you think it’ll be? David Christianson , Portfolio Manager and Certified Financial Planner with National Bank Financial Wealth Management, walks us through the implications of inflation when it comes to retirement planning, ...
Sep 22, 2022•39 min•Season 6Ep. 3
You don’t need a podcast to tell you that estate planning is tough but necessary. It can be stressful, it can be messy, and it can be the source of conflict and confrontation—but it doesn’t have to be. Larry and Kimberley Short are Partners at ShortFinancial with iA Private Wealth and partners in life. They’ve combined their knowledge and experience to write The Last Act: Closing the Book on Your Finances, a guide to everything estate planning. Today Larry and Kimberley will join us to talk abou...
Sep 15, 2022•43 min•Season 6Ep. 2
When should you start thinking about retirement? Who can you talk to and what steps can you take today and in the future? Just how much money should you be saving to retire comfortably? If you’re getting the right advice and asking the right questions, building a solid retirement plan might be easier than you think. Join our expert Lisa Hannam , Executive Editor of Moneysense.ca, as she gives you the facts about retirement, including what you can do now and in the future to better set yourself u...
Sep 08, 2022•32 min•Season 6Ep. 1
What is a reverse mortgage? Is it a good fit for your retirement plan? Learn the ins and outs of reverse mortgage products and get informed about the right conversations to have when planning for a comfortable retirement. Join our expert Steven Ranson FCPA, FCA, President and CEO of HomeEquity Bank, for an in-depth look into how a reverse mortgage can be an option to consider when wishing to maintain a certain post-retirement lifestyle that includes being able to remain in your family home. Addi...
Oct 28, 2021•32 min•Season 5Ep. 6
Should someone become critically ill, it’s possible they will be unable to make decisions related to their care and financial arrangements. Appointing an alternate decision maker and really preparing them to advocate for you is a smart anticipatory action for all adults, especially as we live through this global pandemic. Join our expert Dr. Daren Heyland, Critical Care Physician, Professor of Medicine at Queen’s University, and founder of the Plan Well Guide , as he talks about how you can prep...
Oct 21, 2021•43 min•Season 5Ep. 5
Today, many people are doing the vast majority of their banking online, with going to your bank and speaking with bank staff becoming less and less common. However, speaking to financial advisors and other staff at your bank can be an eye-opening experience. Join, Natalia Sandjian , Senior Manager, Advice Strategy with National Bank of Canada, as she dismantles the idea of speaking with your banker being an intimidating and complicated conversation. You’ll learn why your bank should be your firs...
Oct 14, 2021•32 min•Season 5Ep. 4
How can you overcome financial peer pressure and get comfortable with saying no when your friends and family’s plans do not align with your financial priorities? Can you approach a situation like this without damaging your relationships? Hear from Taheera Fidaali, CPA, CA , and owner of Tula Accounting & Consulting, a firm focused on supporting entrepreneurs and mission driven visionaries in building sustainable and profitable businesses, as she discusses overcoming the financial peer pressu...
Oct 07, 2021•28 min•Season 5Ep. 3
