It's Personal Finance Canada Christine Conway & Cameron Conway

Don’t you know DIY is the way to go with everything in life, goodbye plumbers, accountants, lawyers, and doctors, wait why am I suddenly sick, being sued, getting audited and wet? This week take you through the wild west of financial advisors and help you understand everything about pricing, designation types, services offered, specializations for planners and more. Find out from Christine what to look for in a Certified Financial Planner and how they can help you fulfill your financial goals.



If you live in British Columbia, Alberta or Saskatchewan let us help you take care of the people you love and visit braunfinancial.com 



Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada



Useful Resources:



Toronto Star article: https://www.thestar.com/business/personal-finance/a-financial-plan-can-cost-you-thousands-heres-how-to-get-one-on-the-cheap/article_cfd602e4-af2d-11ee-975f-4b77b9554e8a.html#:~:text=There%20isn't%20a%20standard,%241%2C200%20to%20thousands%20of%20dollars.

"The commitment needs to be a commitment to grow the economy, and the budget will balance itself,” -Justin Trudeau, Leader of the Opposition, February 2014. This week it's Budget Blow-out-palooza 20-24 exclusively on Tax-Payer Per View. Cameron makes the great sacrifice and reads through the proposed budget to see what will impact your personal finances the most in the coming year and onward. Plans for converting government assets into residential properties changes to capital gains structure and more are highlighted as Deficit-a-thon continues.

If you live in British Columbia, Alberta or Saskatchewan let us help you take care of the people you love and visit braunfinancial.com 

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada
 
Useful Resources:

Federal Budget 2024: https://budget.canada.ca/2024/home-accueil-en.html?utm_campaign=fin-fin-budget-24-25&utm_medium=webfeat&utm_source=canada-ca

Trudeau budget comments & infamous quote from 2014, timestamp 27:38 – 34:54: https://www.cpac.ca/primetime-politics/episode/february-11-2014?id=fb166bdf-0db1-4cbf-9250-5a3e552fabbb

Of course I’ve filled and paid my taxes, I did that over a year ago. This week we cover some helpful hints for this year’s tax filing season, and to make sure you don’t forget to file! Changes to RRSP Home Buyer’s Plan, CERB repayment deductions, indexation adjustments and more thrilling line items to help you take stock of the past year and what you’ve accomplished,  

 

If you live in British Columbia, let us help you take care
of the people you love and visit braunfinancial.com 

 

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

 

Useful Resources:



CRA Indexation adjustment for personal income tax and
benefit amounts: https://www.canada.ca/en/revenue-agency/services/tax/individuals/frequently-asked-questions-individuals/adjustment-personal-income-tax-benefit-amounts.html

Of course I’m ready and saved up to retire, it should only cost about $1400 to get new tires on my van, oh wait that’s not what retirement means, it’ll cost how much!?? This week we review “How to Retire with Enough Money: And How to Know What is Enough” by Teresa Ghilarducci Ph.D, an academic that can actually communicate with average people. Find out why the author thinks people need to take retirement seriously, whether its better to budget 70% or even 100% of your current expenses for retirement, how many times income you'll want to save and more. Plus we provide needed Canadian context and alternatives to help you make this all work in your own life.



If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 



Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada



Useful Resources:


Nov 2023 Stats Can Retirement savings report: https://www.statcan.gc.ca/o1/en/plus/4868-canadians-retirement-savings-trend-upward-cost-living-continues-squeeze-budgets

What is the good life? “To crush your enemies, see them driven before you, and to hear the lamentations of their women.” This week we review “The Good Life” by Robert Waldinger & Marc Schultz to see how our health and well-being are dictated by our overall happiness and connections with others. What have these authors learned from The Harvard Study of Adult Development and how do we as Canadians stack up in the most recent World Happiness Report, spoiler alert its worse than last year.
 
Alternate opening for those celebrating easter: Yes we’re redefining the good, good, good life, yes it’s a good, good, good life, mmmhhh yes it is good *cue 10 min droning keyboard/synth solo*.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

Useful Resources:

Companion site for the book “The Good Life” https://www.lifespanresearch.org/

2024 World Happiness Report: https://worldhappiness.report/news/world-happiness-report-2024-most-comprehensive-picture-yet-of-happiness-across-generations/

What goes up can only go higher - you have no power here laws of thermodynamics! This week we talk about the classic business cycle and show how the stages of Recovery, Expansion, Slowdown, Contraction are unavoidable yet predictable. Find out where we are not in the cycle, what to look out for and how to thrive in these regular seasons of transition, prosperity and doom.

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 

Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada

Useful Resources:

The Conference Board “Business Cycle Indicators Handbook” https://www.conference-board.org/pdf_free/economics/bci/BCI-Handbook.pdf 

The Conference Board Leading Indicators Description of
Components: https://www.conference-board.org/data/bci/index.cfm?id=2160

Bank of Canada Indicators of financial vulnerabilities: https://www.bankofcanada.ca/rates/indicators/indicators-of-financial-vulnerabilities/

OCED Main Economic Indicators (Canada on Page 82): https://read.oecd-ilibrary.org/economics/main-economic-indicators/volume-2023/issue-12_ded67b87-en#page82