Listen to Mastering Money

27 February 2023

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 road forward.

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This episode is part of our podcast focusing on helping listeners manage and better understand debt through strategic planning and purposeful action.

This season is proudly brought to you by BDO Debt Solutions, helping you turn the page on debt.

The views expressed by our guests are theirs alone and not necessarily the views of CPA Canada. This is a recorded Podcast. The information presented is current as of the date of recording. New and changing government legislations and programs may have come into effect since the recording date. Please seek additional professional advice or information before acting on any podcast information.

16 February 2023

S7 E05: Debt in the Golden Years and Beyond

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 Financial Consulting and Wealth Solutions on how debt can impact your retirement and what you can do to move forward so that you can enjoy those golden years.

Additional Resources:

Download transcript

This episode is part of our podcast focusing on helping listeners manage and better understand debt through strategic planning and purposeful action.

This season is proudly brought to you by BDO Debt Solutions, helping you turn the page on debt.

The views expressed by our guests are theirs alone and not necessarily the views of CPA Canada. This is a recorded Podcast. The information presented is current as of the date of recording. New and changing government legislations and programs may have come into effect since the recording date. Please seek additional professional advice or information before acting on any podcast information.

09 February 2023

S7 E04: Debt Traps

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:

Download transcript

This episode is part of our podcast focusing on helping listeners manage and better understand debt through strategic planning and purposeful action.

This season is proudly brought to you by BDO Debt Solutions, helping you turn the page on debt.

The views expressed by our guests are theirs alone and not necessarily the views of CPA Canada. This is a recorded Podcast. The information presented is current as of the date of recording. New and changing government legislations and programs may have come into effect since the recording date. Please seek additional professional advice or information before acting on any podcast information.

02 February 2023

S7 E03: Credit Scores

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, debunking credit score myths, and of course understanding how debt can affect credit.

Additional resources:

Download Transcipts

This episode is part of our podcast focusing on helping listeners manage and better understand debt through strategic planning and purposeful action.

This season is proudly brought to you by BDO Debt Solutions, helping you turn the page on debt.

The views expressed by our guests are theirs alone and not necessarily the views of CPA Canada. This is a recorded Podcast. The information presented is current as of the date of recording. New and changing government legislations and programs may have come into effect since the recording date. Please seek additional professional advice or information before acting on any podcast information.

26 January 2023

S7 E02: When Are You in Over Your Head?

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 counselling and meaningful action. With the right guidance, life after debt is possible and you’ll come out the other side feeling relieved and in control.

Additional resources:

Download transcript

This episode is part of our podcast focusing on helping listeners manage and better understand debt through strategic planning and purposeful action.

This season is proudly brought to you by BDO Debt Solutions, helping you turn the page on debt.

The views expressed by our guests are theirs alone and not necessarily the views of CPA Canada. This is a recorded Podcast. The information presented is current as of the date of recording. New and changing government legislations and programs may have come into effect since the recording date. Please seek additional professional advice or information before acting on any podcast information.

19 January 2023

S7 E01: Household Debt in Canada - A Snapshot

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 numbers mean for the average Canadian. Looking at the big picture can offer valuable insight into how we are coping with debt and what we can do to prevent the numbers from getting out of control.

Additional resources:

Download transcript

This episode is part of our podcast focusing on helping listeners manage and better understand debt through strategic planning and purposeful action.

This season is proudly brought to you by BDO Debt Solutions, helping you turn the page on debt.

The views expressed by our guests are theirs alone and not necessarily the views of CPA Canada. This is a recorded Podcast. The information presented is current as of the date of recording. New and changing government legislations and programs may have come into effect since the recording date. Please seek additional professional advice or information before acting on any podcast information.

13 October 2022

S6 E06: Living in Retirement

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 they join us on this episode to discuss their own retirement stories and share their views on how to make the most of your free time and find meaning and purpose after transitioning to retired life.

Additional resources:

Download transcript

This episode is part of our podcast series focusing on retirement planning for Canadians at every stage of life and building the confidence needed to take on the money conversations we need to have.

This episode is made possible by the generous support of our national development sponsor, Canada Life.

The views expressed by our guests are theirs alone and not necessarily the views of CPA Canada. This is a recorded Podcast. The information presented is current as of the date of recording. New and changing government legislations and programs may have come into effect since the recording date. Please seek additional professional advice or information before acting on any podcast information.

This episode is made possible by the generous support of our national development sponsor, Canada Life.

06 October 2022

S6 E05: The Challenges and Decisions we Face as we Age

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 intimidating challenges that arise as we approach retirement age. Life is full of twists and turns, highs and lows, and plenty of questions, but making sense of it all and charting a course for the retirement you want is easier than you might think.

Additional resources:

Download transcript

This episode is part of our podcast series focusing on retirement planning for Canadians at every stage of life and building the confidence needed to take on the money conversations we need to have.

This episode is made possible by the generous support of our national development sponsor, Canada Life.

The views expressed by our guests are theirs alone and not necessarily the views of CPA Canada. This is a recorded Podcast. The information presented is current as of the date of recording. New and changing government legislations and programs may have come into effect since the recording date. Please seek additional professional advice or information before acting on any podcast information.

This episode is made possible by the generous support of our national development sponsor, Canada Life.

29 September 2022

S6 E04: Canada’s Aging Population

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 affecting the personal finance and retirement strategies of Canadians young and old.

Additional resources:

Download transcript

This episode is part of our podcast series focusing on retirement planning for Canadians at every stage of life and building the confidence needed to take on the money conversations we need to have.

This episode is made possible by the generous support of our national development sponsor, Canada Life.

The views expressed by our guests are theirs alone and not necessarily the views of CPA Canada. This is a recorded Podcast. The information presented is current as of the date of recording. New and changing government legislations and programs may have come into effect since the recording date. Please seek additional professional advice or information before acting on any podcast information.

This episode is made possible by the generous support of our national development sponsor, Canada Life.

22 September 2022

S6 E03: Retiring in a Time of High Inflation

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, and gives us an insightful perspective on how you can plan for this important life stage while enduring inflation’s bite.

Additional resources:

Download transcript

This episode is part of our podcast series focusing on retirement planning for Canadians at every stage of life and building the confidence needed to take on the money conversations we need to have.

This episode is made possible by the generous support of our national development sponsor, Canada Life.

The views expressed by our guests are theirs alone and not necessarily the views of CPA Canada. This is a recorded Podcast. The information presented is current as of the date of recording. New and changing government legislations and programs may have come into effect since the recording date. Please seek additional professional advice or information before acting on any podcast information.

This episode is made possible by the generous support of our national development sponsor, Canada Life.