AskTMFG The Podcast

asktmfg
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AskTMFG, brought to you by The McClelland Financial Group of CI Assante Wealth Management Ltd, offers clear and straightforward guidance on investing, retirement planning, and wealth management. We address your most pressing financial questions and share practical strategies to help you plan with confidence and stay on track toward achieving your goals. Hosted by: Carlo Cansino, Senior Financial Advisor and John Iaconetti, Financial Advisor at The McClelland Financial Group of CI Assante Wealth Management Ltd. Follow us: Click here to request a meeting: https://tmfg.ca/schedule/ Check the episode video on our YouTube channel: https://www.youtube.com/@TmfgCa Facebook: https://www.facebook.com/tmfg.ca Instagram: instagram.com/themcclellandfinancialgroup_/ Please visit www.assante.com/legal for important legal and regulatory disclosures.

  1. 1d ago

    9 Spousal Income Splitting Rules Most Advisors Won't Tell You

    In this episode of AskTMFG, Senior Financial Advisor Carlo Cansino walks through nine spousal income splitting rules that many retired Canadian couples miss. Most couples assume income splitting means checking one box on their tax return, but that assumption can cost thousands of dollars a year in extra taxes and lost government benefits. Not all retirement income qualifies in the same way. Registered pension plan income can generally be split at any age, while RRIF withdrawals usually qualify only from age 65, and RRSP withdrawals don’t qualify at all. CPP can’t be split on your tax return; it can only be shared through Service Canada. Carlo also explains the attribution rules that can tax income back to you, including spousal RRSP withdrawals made within three years of a contribution and investment income earned on money gifted to your spouse. Gifts to your spouse’s TFSA are the exception. Finally, he covers the payoff: how splitting lets both spouses claim the pension income credit, why the OAS clawback is calculated separately for each spouse, and why Form T1032 should be reviewed every year rather than set once and forgotten. 👉 Watch the full episode here: https://youtu.be/iUgsGvghoGI?si=kaBjJwu3OzuVifDW  Question for our viewers: Have you and your spouse reviewed how you split your retirement income this year? 👉 Book a complimentary call: https://tmfg.ca/portfolio-analysis/ Follow us: LinkedIn: The McClelland Financial Group Facebook: https://www.facebook.com/tmfg.ca Instagram: https://www.instagram.com/themcclellandfinancialgroup_/

  2. 2d ago

    What Happens To Your CPP When Your Spouse Dies..

    In this episode of AskTMFG, Financial Advisors Carlo Cansino and John Iaconetti explain what happens to your Canada Pension Plan benefits when your spouse passes away, and the steps you need to take. Many surviving spouses don’t know what they’re entitled to, and during an already difficult time, that gap can cost thousands of dollars in missed payments. The government provides a one-time CPP death benefit of $2,500 to help with immediate costs such as funeral and burial expenses. The ongoing survivor’s pension is not automatic, though; you have to apply for it. How much you receive depends on your age when your spouse passes away and on how much your spouse contributed to CPP. Survivors 65 and older receive 60% of the deceased spouse’s retirement pension. Carlo and John also clear up a common misconception: your own CPP and the survivor’s pension combined cannot exceed the maximum retirement pension for one person. Many survivors expect to receive their spouse’s full payment on top of their own, but in practice the top-up is often much smaller. That’s why it’s important to plan ahead for other income sources that can make up the difference. 👉 Watch the full episode here: https://youtu.be/gdziNfB9mlY  Question for our viewers: Have you and your spouse talked about how your retirement income would change if one of you passed away? 👉 Book a complimentary call: https://tmfg.ca/portfolio-analysis/ Follow us: LinkedIn: The McClelland Financial Group Facebook: https://www.facebook.com/tmfg.ca Instagram: https://www.instagram.com/themcclellandfinancialgroup_/

  3. Oct 18

    DON’T Retire Abroad Until You’ve Done This With Your CPP, OAS And RRSP

    In this episode of AskTMFG, Financial Advisors Carlo Cansino and John Iaconetti walk through what you need to do with your CPP, OAS, and RRSP before you retire outside Canada. Many Canadian retirees who move abroad mismanage these benefits, and that mistake can cost thousands in unnecessary taxes and lost payments. CPP can be collected in many countries, but it stays taxable in Canada and may also be taxed where you live, so exchange rates and tax treaties both matter. OAS can be paid internationally as well, but it comes with residency requirements and paperwork, and the clawback is based on your worldwide income. RRSP and RRIF withdrawals are generally subject to a 25% non-resident withholding tax, which a tax treaty may reduce. Your new country may also tax that same money. Finally, they also explain why cross-border banking and a clear withdrawal plan should be in place before you leave. 👉 Watch the full episode here: https://youtu.be/MCecyS91KyY  Question for our viewers: Are you thinking about spending your retirement outside Canada? Where would you go? 👉 Book a complimentary call: https://tmfg.ca/portfolio-analysis/ Follow us: LinkedIn: The McClelland Financial Group Facebook: https://www.facebook.com/tmfg.ca Instagram: https://www.instagram.com/themcclellandfinancialgroup_/

  4. Oct 16

    If You Have a Pension, Don't Defer CPP to 70

    In this episode of AskTMFG, Senior Financial Advisor Carlo Cansino explains the pension clause that catches thousands of Canadian retirees off guard: the bridge benefit. If you retired early with a defined benefit pension, part of your monthly income is temporary, and it ends automatically the month after you turn 65, whether or not you’ve started CPP. For some retirees, that means a drop of hundreds of dollars a month. Carlo explains how the bridge benefit works alongside your lifetime pension, and why it can create a costly income gap for anyone planning to defer CPP to 70. He then walks through three steps to prepare. First, confirm the exact amount of your bridge benefit and the date it ends. Second, revisit your CPP strategy with that number in mind. Third, if you plan to delay CPP, build your own bridge using a planned withdrawal order. That order starts with your RRSP, moves to your non-registered accounts, and keeps your TFSA in reserve, so the drop at 65 becomes a non-issue instead of a shock. 👉 Watch the full episode here: https://youtu.be/N0RVUsOknto  Question for our viewers: Did you know your pension income could drop at 65, even if you haven’t started CPP? 👉 Complimentary portfolio analysis: https://tmfg.ca/portfolio-analysis/  Follow us: LinkedIn: The McClelland Financial Group Facebook: https://www.facebook.com/tmfg.ca Instagram: https://www.instagram.com/themcclellandfinancialgroup_/

  5. Oct 11

    4 Levels of Canadian Retirement Wealth I How Do You Compare?

    In this episode of AskTMFG, Financial Advisors Carlo Cansino and John Iaconetti break down the four levels of retirement wealth in Canada and help you see where you really stand. Many Canadians assume they’re in a lower wealth bracket than they are, which often leads to unnecessary stress and overly cautious retirement plans. Carlo and John walk through what each level looks like and what income it can support using the 4% rule. A basic retirement of $250,000 to $500,000 is about making savings work alongside CPP and OAS. A comfortable retirement of $500,000 to $1.5 million shifts the focus to reducing taxes and planning for your estate. An affluent retirement of $1.5 million to $4 million brings the OAS clawback and tax planning to the forefront. At the high-net-worth level of $4 million and up, the priorities become estate planning, gifting, and using insurance to pass on wealth. 👉 Watch the full episode here: https://youtu.be/I3J9aKIS-zw  Question for our viewers: Which level of retirement wealth do you think you’re in today? 👉 Complimentary portfolio analysis: https://tmfg.ca/portfolio-analysis/ Follow us: LinkedIn: The McClelland Financial Group Facebook: https://www.facebook.com/tmfg.ca Instagram: https://www.instagram.com/themcclellandfinancialgroup_/

  6. Oct 9

    Don't Let OAS Clawback Destroy Your Dream Retirement

    In this episode of AskTMFG, Senior Financial Advisor Carlo Cansino explains the OAS clawback, a retirement risk many Canadians have heard of but few fully understand. He uses the example of John, a 63-year-old with $2.1 million across his RRSP, TFSA, and non-registered accounts. Carlo shows why the clawback depends on your income each year, not your total savings, and how the accounts you withdraw from can push you over the threshold. He then covers five decisions to make before you start drawing down your portfolio. These are starting RRSP withdrawals before 65, not spending the RRSP first, making full use of the TFSA, and weighing whether to delay CPP and OAS to age 70. 👉 Watch the full episode here: https://youtu.be/uvaDlVj2JPw?si=Ri4caEzqc_VGPLzF  Question for our viewers: Do you know which of your accounts you’ll draw from first in retirement? 👉 Complimentary portfolio analysis: https://tmfg.ca/portfolio-analysis/ Follow us: LinkedIn: The McClelland Financial Group Facebook: https://www.facebook.com/tmfg.ca Instagram: https://www.instagram.com/themcclellandfinancialgroup_/

  7. Oct 4

    67% Worry About Running Out Of Money in Retirement

    In this episode of AskTMFG, Financial Advisors Carlo Cansino and John Iaconetti look at one of the most common fears in retirement planning: running out of money. Most Canadians worry their savings won't last, and that fear often leads to sacrifices that aren't necessary. In their experience working with retirees, much of this anxiety comes from misunderstanding what makes retirement savings last. Carlo and John walk through the numbers behind retirement anxiety, including how many Canadians fear outliving their savings, why that concern runs even higher among younger adults, and how quickly retirement savings goals have shifted in the past year. They also discuss why younger Canadians carrying large GTA mortgages find it harder to picture their retirement, and why so many people are putting it off. From there, they explain how understanding your retirement benefits can change your confidence, and why CPP provides a stronger foundation than many people realize. Carlo also walks through how TMFG lays out a client's expected spending against income sources like CPP, OAS, and RRSP withdrawals, and how seeing those numbers side by side can bring peace of mind. 👉 Watch the full episode here: https://youtu.be/vy__FPHwEdU Question for our viewers: Do you know how much your CPP and OAS will add to your retirement income each year? 👉 Complimentary portfolio analysis: https://tmfg.ca/portfolio-analysis/  Follow us: LinkedIn: The McClelland Financial Group Facebook: https://www.facebook.com/tmfg.ca  Instagram: https://www.instagram.com/themcclellandfinancialgroup_/

  8. Oct 2

    Retiring Soon? The RRSP Mistake You Can't Afford to Make

    In this episode of AskTMFG, Senior Financial Advisor Carlo Cansino walks through the case of Robert, a 58-year-old pre-retiree in Ontario with a bonus sitting in savings, a stock that's up $15,000, and unused TFSA room. Maxing the TFSA felt like the responsible move, and it's the advice most people hear. But in the 5 to 10 years before retirement, funding it the wrong way can cost you more than it saves. Carlo covers why the funding source matters, how TFSA room and RRSP deductions behave differently over time, and why an employer match should never be an afterthought. He also explains why the investments inside your TFSA matter as much as the account itself. From there, Carlo looks at the window between retiring at 62 and starting CPP and OAS at 65, how it connects to OAS clawback and future RRIF minimums, and the TFSA withdrawal rule that cost Robert a penalty. He closes with the four-step framework TMFG built to turn Robert's accounts into a coordinated retirement income plan. 👉 Watch the full episode here: https://www.youtube.com/watch?v=hJxm9qemOY8 Question for our viewers: If you are in the 5 to 10 years before retirement, did you know TFSA room you withdraw doesn't reopen until the following calendar year? 👉 Complimentary portfolio analysis: https://tmfg.ca/portfolio-analysis/  Follow us: LinkedIn: The McClelland Financial Group Facebook: https://www.facebook.com/tmfg.ca  Instagram: https://www.instagram.com/themcclellandfinancialgroup_/

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About

AskTMFG, brought to you by The McClelland Financial Group of CI Assante Wealth Management Ltd, offers clear and straightforward guidance on investing, retirement planning, and wealth management. We address your most pressing financial questions and share practical strategies to help you plan with confidence and stay on track toward achieving your goals. Hosted by: Carlo Cansino, Senior Financial Advisor and John Iaconetti, Financial Advisor at The McClelland Financial Group of CI Assante Wealth Management Ltd. Follow us: Click here to request a meeting: https://tmfg.ca/schedule/ Check the episode video on our YouTube channel: https://www.youtube.com/@TmfgCa Facebook: https://www.facebook.com/tmfg.ca Instagram: instagram.com/themcclellandfinancialgroup_/ Please visit www.assante.com/legal for important legal and regulatory disclosures.

Information

  • Creator
    asktmfg
  • Years Active
    2025 - 2026
  • Episodes
    82
  • Rating
    Clean
  • Copyright
    © Copyright 2025 All rights reserved.
  • Show Website
    AskTMFG The Podcast

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