The Canadian Money Roadmap

My Money Philosophy

20 Sep 2023

Contributed by Lukas

In this episode, I review a few of the core ideas I share on this podcast about money.  Many of you are new listeners so I want to give you an overvi...

Dividend Investing: Busting Myths and Understanding Risks with Mark McGrath

13 Sep 2023

Contributed by Lukas

Is 'free money' too good to be true? Allow us to clarify the often misunderstood world of dividend investing with my guest, Mark McGrath, a ...

Strategies to Improve Your Finances Today

06 Sep 2023

Contributed by Lukas

It is so easy to spend countless hours learning about something without taking any action on it and financial topics are no exception.  But the best ...

Tips For A Beginner Investor

30 Aug 2023

Contributed by Lukas

I receive lots of emails from listeners asking questions but I rarely receive emails from 17 year olds trying to get a jump on their investing knowled...

The Three-Account Cash Flow System for Financial Stability

23 Aug 2023

Contributed by Lukas

In this episode I lay out a simple 3 account strategy for managing your cash.  It doesn't get much simpler than this! This approach will make s...

The Language of Money (For Canadians!)

15 Aug 2023

Contributed by Lukas

Ever wondered how the cryptic language of finance can be decoded, specifically for Canadians? Looking to navigate the maze of tax-related terms and fi...

Your TFSA Questions Answered

09 Aug 2023

Contributed by Lukas

I received a few questions after my last TFSA episode so I thought I would answer them for you here:1. How do you invest in stocks in a TFSA?2. What a...

New and Noteworthy: YTD Stock Market Returns, Bad TikTok advice and Beyoncé causing inflation

02 Aug 2023

Contributed by Lukas

Better late than never! This episode goes through the first half of the year (ish) and how different stock markets around the world have performed.  ...

Discovering the Truth behind Investment Returns

26 Jul 2023

Contributed by Lukas

Ever wondered how two seemingly identical investments can lead to dramatically different outcomes? Ready to decode the mysteries of investment returns...

Becoming a TFSA Millionaire: Creating Generational Wealth with a Small Monthly Investment

19 Jul 2023

Contributed by Lukas

Imagine if you could transform a small monthly investment of $500 into a million-dollar nest egg for your retirement. Sounds unbelievable, right? Yet,...

What's your net worth?

12 Jul 2023

Contributed by Lukas

On this episode I discuss all things Net Worth.  What is your net worth? How do you calculate it? What are some things you can learn from your net ...

Why you're trailing the market, credit card myths, comparing to others and lottery decisions

05 Jul 2023

Contributed by Lukas

Here's the latest Reddit Roundup for July where I cover off popular topics found on Reddit throughout the month.  This month's topics inclu...

The Power of Single Fund Strategies

28 Jun 2023

Contributed by Lukas

Can a single fund be the answer to your investment goals? Achieving success and maintaining diversification might seem impossible with just one fund, ...

Expert Advice on Selecting the Best Financial Planner for Your Needs

21 Jun 2023

Contributed by Lukas

This episode is dedicated to helping you find the perfect professional for your situation. We dive into the world of financial planning designations, ...

New and Noteworthy: Wildfire Impact, Interest Rates, Building Wealth In Canada and VC's Abandoning Crypto

14 Jun 2023

Contributed by Lukas

Join me in an episode that dives into the impact of wildfires on oil production and donation tax credits while shedding light on the recent increase i...

Unlock Your Financial Potential: Find Your Focus Scorecard

07 Jun 2023

Contributed by Lukas

Are you ready to take control of your financial life and make improvements where it counts? This week, I'm taking a short break as my family and ...

Baseball, Emotions, and the Expectations of Investing

31 May 2023

Contributed by Lukas

Do you ever find yourself swept up in emotions when it comes to your investments? What if you could learn to manage expectations and make more informe...

Your Q's Answered: Portfolio Building, TFSAs, and Navigating Capital Gains Tax

24 May 2023

Contributed by Lukas

In this iteration of listener Q&A,  we'll kick things off by discussing the concept of selling winners and buying losers, and why maintainin...

How To Get Rich: Netflix Series Review

17 May 2023

Contributed by Lukas

In this episode, I reviewed the Netflix series "How to Get Rich" and shared my thoughts on the show's advice and effectiveness; a few t...

How to invest your first $100,000

10 May 2023

Contributed by Lukas

Diversification, participation and automation are the keys to getting your first $100,000 invested.  It's the hardest milestone to reach but the...

$1M RRSPs, $90k Bill to CRA and Costco Savings

03 May 2023

Contributed by Lukas

In this episode, we cover a range of topics sourced from some of the top posts on Reddit over the last month. We cover some of the considerations need...

Trust The Process

26 Apr 2023

Contributed by Lukas

To be a successful investor, you need to have a process for making investment decisions.  To be more specific, you need to have a good process. In t...

Estate Planning Isn't Scary with Lauren Scharfstein

19 Apr 2023

Contributed by Lukas

The legal side of money is one most people don't spend much time on but it can have a massive impact on your loved ones.  Lauren Scharfstein is ...

Maximizing the First Home Savings Account: A Complete Guide with Aaron Hector CFP®, R.F.P., TEP

12 Apr 2023

Contributed by Lukas

Hot off the presses, the First Home Savings Account is a new account type that will help Canadians build a tax free down payment on their first home. ...

Government Spending, Higher Oil Prices and a $1 Billion Lawsuit

05 Apr 2023

Contributed by Lukas

A roundup of some recent news items including the federal budget, oil price increases, minimum wage increases and a lawsuit against YouTubers promotin...

Dumb Money Mistakes I've Made

29 Mar 2023

Contributed by Lukas

An honest discussion of some things I've done that are "dumb" on paper but made sense for my own situation.  🌳 Connect with Evan an...

Understanding Your Workplace Benefits with Andrea Hansen CFP®

22 Mar 2023

Contributed by Lukas

Andrea Hansen is the president of Sutton Benefits and Pension and is an expert in all aspects of workplace benefits plans.  She joins me on this epis...

What happened to Silicon Valley Bank??

17 Mar 2023

Contributed by Lukas

A bonus episode for all of you who aren't quite sure what has been going on with the banking sector in the US and specifically with Silicon Valle...

How To Maximize The Value of Your RRSP

15 Mar 2023

Contributed by Lukas

Some easy and some not so easy things you can do to maximize the value of your RRSP and to help you decide whether you should be using an RRSP in the ...

Your Money Lifeforce

08 Mar 2023

Contributed by Lukas

Short episode here about things you can do to start taking action on your finances to feel less overwhelm.🌳 Connect with Evan and Cedar Point Wealt...

$1.7 Million & 1.7%: Retirement Needs and Returns Missed

01 Mar 2023

Contributed by Lukas

First episode of the month means another batch of New and Noteworthy.  I take a look at a survey from BMO that found Canadians feel like they need $1...

Corporations: Benefits, Taxes and Investing Considerations with Mark McGrath CFP®, CIM®, CLU®.

22 Feb 2023

Contributed by Lukas

In this episode, I'm joined by Mark McGrath CFP®, CIM®, CLU® who provides a masterclass on all things corporations. If you're a small bus...

Your Investment Approach: Small Cap and Value Stocks

15 Feb 2023

Contributed by Lukas

This is the last instalment in my series on building your own investment approach and I highlight how you can adjust your portfolio to increase your e...

Your Investment Approach: Diversification

08 Feb 2023

Contributed by Lukas

Some very influential people think that "diversification is for idiots". In this episode I cover why I think diversification is actually cri...

4.5% Interest Rates, Grocery Prices and Tech Layoffs

01 Feb 2023

Contributed by Lukas

A quick look at a few news items that caught my attention recently about the latest Bank of Canada rate increase, grocery price increases coming and l...

Your Investment Approach: Active vs Passive

25 Jan 2023

Contributed by Lukas

This is probably the factor that will have the most impact over how you see investing and how you construct your portfolio. However, listen through to...

Your Investment Approach: Strategic or Tactical

18 Jan 2023

Contributed by Lukas

The next step in building your own investment approach is deciding when you want to make changes to your asset allocation.  Do you want to change whe...

Your Investment Approach: Stocks and Bonds

11 Jan 2023

Contributed by Lukas

The basic mix of stocks and bonds in your portfolio is often called your asset allocation. In this episode, I'll explain why it is valuable to un...

Building Your Investment Approach

04 Jan 2023

Contributed by Lukas

In this episode, I introduce my upcoming series on developing your own investment approach.  Much like the weight loss advice of "eat better and...

What you need to know going into 2023

28 Dec 2022

Contributed by Lukas

Thanks to all of you for listening in 2022! This year end episode covers a few things you need to know going into the new year related to TFSAs, CPP, ...

6 Benefits of professional financial advice with Steven Guenther, CFP®

14 Dec 2022

Contributed by Lukas

Working with a financial planner can add significant value to your financial life. However, it might not always be as cut and dry as certain commercia...

Financial Mistakes To Avoid In Your 30's

30 Nov 2022

Contributed by Lukas

There are plenty of landmines to avoid when it comes to your money but in this episode I talk about 7 critical mistakes you'll want to be aware o...

Are you financially literate?

16 Nov 2022

Contributed by Lukas

November is Financial Literacy Month in Canada and this week's episode is dedicated to that! We talk about the importance and benefits of financi...

Your Questions Answered - November 2022

02 Nov 2022

Contributed by Lukas

Thank you for all of your questions! In this podcast I cover off a few recent ones:1. Is now a good time to buy GICs?2. Did I buy the wrong investment...

Using Factors to Invest Smarter

19 Oct 2022

Contributed by Lukas

You've likely heard of active and passive investing but factor investing is somewhere in the middle.  Sometimes called "smart beta", t...

Understanding the Stock Market and Indexes

05 Oct 2022

Contributed by Lukas

This is a foundational episode on the topic of investing.  If you've ever wondered what "the market" really is or what an index is, th...

The Wisest Investment with Robin Taub

21 Sep 2022

Contributed by Lukas

Robin Taub joins us today to discuss her book The Wisest Investment and how we can raise money-smart kids.  Jordan and I both have young kids so this...

How to reduce points of failure in your portfolio

07 Sep 2022

Contributed by Lukas

There are a number of ways that an investor can get in their own way and fail to reach their goals.  Today, we discuss how to reduce these single poi...

Investing for Good: Understanding ESG Investing

24 Aug 2022

Contributed by Lukas

More people are making a point of being intentional with how their money is invested.  Focusing on environmental, social and governance (ESG) factors...

Dividend Investing

10 Aug 2022

Contributed by Lukas

EPISODE SUMMARYIn this episode, Evan and Jordan discuss dividend investing and some key items to keep in mind if this is a strategy you're wantin...

What happens to your pension when you leave your job?

27 Jul 2022

Contributed by Lukas

EPISODE SUMMARYWhether you find a new job, retire or are laid off, if you have a pension or savings plan at work, you'll have to make some decisi...

Leverage: Should you borrow money to invest?

13 Jul 2022

Contributed by Lukas

EPISODE SUMMARYMore and more people are borrowing money to invest in stocks, crypto and real estate. Should you be using leverage to do the same?Build...

The Man In The Arena

29 Jun 2022

Contributed by Lukas

After two years, I think it is time to say hello and tell my story of why I started this podcast.  I've always been inspired by Teddy Roosevelt&...

Just Keep Buying by Nick Maggulli: Review, Thoughts and Key Takeaways

15 Jun 2022

Contributed by Lukas

EPISODE SUMMARYIn our first book review on the podcast, Jordan and Evan provide their thoughts and key takeaways from Nick Maggulli's book, Just ...

Guide to Recessions and Bear Markets

01 Jun 2022

Contributed by Lukas

EPISODE SUMMARYYou've likely seen headlines or articles talking about recessions or bear markets.  While these things might make you nervous, I ...

Tax-saving strategies for making the most of your charitable gifts

18 May 2022

Contributed by Lukas

EPISODE SUMMARYJordan Arndt takes the lead in this episode to discuss some unique ways that you can give to charity to maximize your tax savings and m...

Why you should care about rising interest rates

04 May 2022

Contributed by Lukas

EPISODE SUMMARYInterest rates are going up and in this episode, Jordan Arndt and Evan discuss what that means for you and why you should care.Build yo...

How to help your kids buy a home

20 Apr 2022

Contributed by Lukas

EPISODE SUMMARYIn this episode, Evan talks about the things you would want to consider before helping your kids with a downpayment to buy a home.✅ D...

Should you rent or buy a home?

06 Apr 2022

Contributed by Lukas

EPISODE SUMMARYThis episode won't be able to make the decision for you, but today Evan and Jordan offer some food for thought when making the cho...

Start planning for your next vacation

23 Mar 2022

Contributed by Lukas

EPISODE SUMMARYIf you're thinking about a short getaway or a longer trip to relieve your cabin fever, start planning right away.  In this episo...

Reduce your taxes with deductions and credits

09 Mar 2022

Contributed by Lukas

EPISODE SUMMARYOn this episode we welcome back Luke Hergott, Senior Manager of tax services at EY.  Luke brings a wealth of knowledge regarding tax s...

How will the Russia-Ukraine conflict affect your strategy?

24 Feb 2022

Contributed by Lukas

EPISODE SUMMARYThis episode deviates from the usual cadence but is timely given the conflict emerging today between Russia and Ukraine.  Evan walks t...

Why do prices keep going up?

23 Feb 2022

Contributed by Lukas

EPISODE SUMMARYInflation is the story of the day so in this episode, Jordan Arndt and Evan discuss some possible reasons why inflation is so bad right...

The Perfect RRSP Strategy

09 Feb 2022

Contributed by Lukas

EPISODE SUMMARYIs it possible to have a perfect RRSP strategy?  Well it depends.... In this episode, I'm joined by my colleague, Jordan Arndt, a...

Dips, Corrections and Crashes

26 Jan 2022

Contributed by Lukas

EPISODE SUMMARYIn this episode, Evan discusses what might be going on in the market when you see headlines mentioning dips, corrections, crashes, or b...

5 Steps to set up your TFSA for 2022

12 Jan 2022

Contributed by Lukas

EPISODE SUMMARYAs we start a new year, today’s episode gives you 5 steps to set up your TFSA in 2022.  A new year means additional contribution roo...

How can money make you happier? A conversation with Andrew Hallam

29 Dec 2021

Contributed by Lukas

 EPISODE SUMMARYOn the podcast today is Andrew Hallam.  Andrew is the acclaimed author of the popular personal finance books Millionaire Teacher and...

Do you really need to have $1M to retire?

15 Dec 2021

Contributed by Lukas

EPISODE SUMMARYIn this episode, Evan covers off some rules of thumb for saving for retirement and how to know if you’re on pace.  Evan answers the ...

Are your investments appropriate for your retirement timeline?

01 Dec 2021

Contributed by Lukas

EPISODE SUMMARYOn this episode, Evan provides a framework to think about whether your investments are appropriate for your retirement timeline.  Mana...

Do you need an emergency fund in retirement?

17 Nov 2021

Contributed by Lukas

EPISODE SUMMARYWhen you're living off your savings instead of relying on employment income, the idea of an emergency fund changes a bit.  Here&a...

That other government pension plan... OAS (Old Age Security)

03 Nov 2021

Contributed by Lukas

EPISODE SUMMARYToday’s episode focuses on Old Age Security, another one of the government benefits you may receive.  Evan walks through the basics ...

How much will you get from the Canada Pension Plan?

20 Oct 2021

Contributed by Lukas

EPISODE SUMMARYToday’s episode focuses on the Canada Pension Plan.  As CPP will be a component of your retirement paycheque, Evan walks you through...

RRSP, LIRA, TFSA.... Where do you withdraw from first?

06 Oct 2021

Contributed by Lukas

EPISODE SUMMARYSpending is easy, but spending with the goal of reducing your lifetime tax bill isn't as straightforward.  In this episode, Evan ...

Do you plan to work in retirement?

22 Sep 2021

Contributed by Lukas

EPISODE SUMMARYToday’s episode continues our series highlighting the items from my retirement readiness checklist.  Get your copy by downloading th...

Will you have any guaranteed income in retirement?

08 Sep 2021

Contributed by Lukas

EPISODE SUMMARYToday’s episode is the first in a series highlighting the items from my retirement readiness checklist.  Get your copy by downloadin...

Rebalance your investments

18 Aug 2021

Contributed by Lukas

EPISODE SUMMARYOver time your investment portfolio will move along with the market.  Stocks and bonds will move at different speeds and sometimes in ...

Reduce taxes with a spousal RRSP

11 Aug 2021

Contributed by Lukas

EPISODE SUMMARYHere 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. ...

TFSAs are great but watch out....

04 Aug 2021

Contributed by Lukas

EPISODE SUMMARYTFSAs 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 critic...

Investing vs Gambling

28 Jul 2021

Contributed by Lukas

EPISODE SUMMARYWhile some people think that investing is essentially gambling, Evan uses this episode to explain how investing is the opposite of gamb...

Optimize your investments by plan type

21 Jul 2021

Contributed by Lukas

EPISODE 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 ta...

Stocks, Bonds or Cash? How do you decide?

14 Jul 2021

Contributed by Lukas

EPISODE SUMMARYWhen building an investment portfolio, the mix between stocks, bonds, cash and other assets is called Asset Allocation. Steven Guenther...

Understanding Investment Risk

07 Jul 2021

Contributed by Lukas

EPISODE SUMMARYToday’s episode kicks off our summer series focused on the themes of investing smarter and reducing taxes.  Certified Financial Plan...

The Next Steps - Season 2 Recap

27 May 2021

Contributed by Lukas

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...

Investing Basics Part 3 - Mutual Funds and ETFs

14 May 2021

Contributed by Lukas

EPISODE SUMMARYHow can an average person buy stocks and bonds easily and make sure they are diversified in the process? Mutual funds and ETFs (exchang...

Investing Basics Part 2 - Bonds

28 Apr 2021

Contributed by Lukas

EPISODE SUMMARYToday Evan dives into the investment you have heard of but probably don’t really understand.  Evan provides the basics on bonds and ...

Investing Basics Part 1 - Stocks

14 Apr 2021

Contributed by Lukas

EPISODE SUMMARYOn today's episode, Evan will be covering off some of the basics when it comes to investing in stocks.   There are no recommendat...

Registered Education Savings Plans featuring Steven Guenther, CFP

31 Mar 2021

Contributed by Lukas

EPISODE SUMMARYWon't somebody please think of the children?! Well, if you're thinking about saving for your kids' education, this is th...

Mortgage Masterclass with Bud Jorgenson

17 Mar 2021

Contributed by Lukas

EPISODE SUMMARYThis week we cover all things mortgages with Bud Jorgenson of The Mortgage Group.  Bud provides lots of great nuggets of wisdom as an ...

How to file your taxes in 2021 featuring Luke Hergott CPA

03 Mar 2021

Contributed by Lukas

EPISODE SUMMARYMy guest this week is Luke Hergott, a Chartered Professional Accountant (CPA) at EY.  Luke walks us through the steps you need to take...

Is an RRSP the best choice for your retirement savings?

16 Feb 2021

Contributed by Lukas

EPISODE SUMMARYIn this episode, Evan covers some of the myths and misconceptions about how RRSPs really work and how they might not be the best option...

Buying a House featuring Kindra Sowden

03 Feb 2021

Contributed by Lukas

EPISODE SUMMARYIf you're looking for some tips on the home buying process, this episode is for you! Kindra Sowden is one of Saskatoon's top ...

Money & Marriage - From The Sask Wedding Podcast w/ Matt Ramage

20 Jan 2021

Contributed by Lukas

EPISODE SUMMARYOn this week's episode, I'm actually the guest! This is an episode I recorded with Matt Ramage from the Sask Wedding Podcast ...

Using a TFSA like a pro

06 Jan 2021

Contributed by Lukas

EPISODE SUMMARYWe’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 ...

Your Financial Foundations - Season 1 Recap

04 Nov 2020

Contributed by Lukas

Thanks so much for listening to Season 1 of the Canadian Money Roadmap Podcast! I've had a lot of fun and I've received lots of great feedba...

Do I really need a will? An interview with Elizabeth Williamson

21 Oct 2020

Contributed by Lukas

EPISODE SUMMARYIn this episode, I'm joined by Elizabeth Williamson of Williamson Law in Saskatoon, SK.  She provides some advice and education o...

Starting a Business: Interview with Alisha Esmail of Road Coffee Co.

07 Oct 2020

Contributed by Lukas

EPISODE SUMMARYToday Evan interviews Alisha Esmail, the founder of Road Coffee Co.  Road is a coffee roaster based out of Saskatoon with a goal and s...

Tax Basics and "The Next Bracket" Myth

23 Sep 2020

Contributed by Lukas

EPISODE SUMMARYEvan guides you through the basics of Canadian tax and helps you understand how income tax works in our country.  Evan also touches on...

Insuring Your Most Valuable Asset

09 Sep 2020

Contributed by Lukas

EPISODE SUMMARYThis episode covers a basic overview of life, critical illness, and disability insurance so you can protect your most valuable asset. ...

Budgeting for people who hate budgeting

26 Aug 2020

Contributed by Lukas

EPISODE SUMMARYIf you're listening to this episode, chances are that you're not a budgeter. I'm not a budgeter either! You need to know...

Student Loans, Lines of Credit and How to Get Through Postgrad Debt Free

12 Aug 2020

Contributed by Lukas

EPISODE SUMMARYEvan discusses student loans and student lines of credit before interviewing PhD candidate, Sam Derksen.  Sam and Evan chat about how ...