Strictly Money with Saijal Patel Saijal Patel

In this episode, we delve into the surprising reality of Canada's income and wealth gap compared to its U.S. counterpart. Despite common perceptions, recent revelations from the report "Billionaire Blindspot" challenge the accuracy of data collected by Statistics Canada, shedding light on a previously overlooked aspect of economic disparity. 
Join me as Dan Skilleter, the Director of Policy at Social Capital Partners and author of the report, shares insights derived from his extensive experience in policy advising. Gain a deeper understanding of the nuances shaping Canada's economic landscape and the implications for its citizens.
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TIMESTAMP:
00:00 Wealth inequality in Canada similar to US.
04:05 Statistics Canada surveys Canadians every few years.
06:33 US survey has better, more accurate data.
10:38 Popular measurement of income inequality in countries.
14:46 Capital gains tax rate increased to 66%.
19:09 Political argument with merit, but potential downside.
22:59 Challenges in accessing wealth data in Canada.
24:39 We sent data to the government strategically.
27:26 Questioning two-week pay cycle, suggesting daily pay.
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GUEST LINKS & RESOURCES: 
Link to Billionaire Blindspot report: https://www.socialcapitalpartners.ca/scpreports
LEARN MORE ABOUT BMO ETFS (SPONSOR):
https://www.bmo.com/main/personal/investments/etf/
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Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advocate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and where ever you get your podcasts.
Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/
Follow on X: https://twitter.com/strictlymoneytv
Get in touch: https://saijelle.com/contact-us/
Join Saij Elle’s FREE Money Masterclass for Women: https://courses.saijelle.com/master-class/

Why do so many couples avoid talking about money when it’s essential in order to build and protect one’s wealth? 
Join me as I explore why couples need to discuss their finances and, more importantly, how to navigate these conversations effectively.
Research consistently highlights that couples who openly communicate about money are happier and more fulfilled in their relationships. However, despite these findings, many couples still find it challenging and awkward to broach the subject. 
So if that’s you - you’re not alone. Whether you're newlyweds, longtime partners, or somewhere in between, I’ll share my advice on how to achieving financial harmony and strengthening your relationship along the way.
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Key moments:
00:00 - 03:37: Unveiling the Taboo: Why Money Talk with Your Partner Matters
03:38 - 05:59: Money Personalities: Understanding Your Beliefs and Habits
06:00 - 06:59: Financial Goals: Crafting a Plan for Shared Dreams
07:00 - 07:56: Scheduling Success: The Power of Regular Money Talks
07:57 - 08:49: Breaking the Silence: Strengthening Bonds for Financial Health
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Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advocate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and where ever you get your podcasts.
Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/
Follow on X: https://twitter.com/strictlymoneytv
Get in touch: https://saijelle.com/contact-us/
Join Saij Elle’s FREE Money Masterclass for Women: https://courses.saijelle.com/master-class/

Welcome to this special episode of Strictly Money, where we dissect the aftermath of Canada's federal budget announcement.
Jake Fuss of the Fraser Institute joins Saijal Patel as they unravel the implications of Finance Minister Chrystia Freeland's budget, specifically crafted to resonate with millennials and Gen Z amidst the pressing issue of housing affordability. They discuss the ballooning debt, new capital gains tax rules and whether Canada is headed in the right or wrong direction when it comes to personal and economic prosperity.
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⏰Timestamps:
00:00 - 03:37: Budget Woes: Unsustainable Tax and Spending
03:38 - 08:15: Canada's Lagging Living Standards and Fiscal Responsibilities
08:16 - 11:21: Government's Debt Dilemma: $54 Billion Spending Surge
11:22 - 16:03: Tax Hike Fallout: Discouraging Private Investment
16:04 - 18:42: Housing Policy Pitfalls: Price Rise Concerns
18:43 - 20:59: Housing Crisis: Limits of Withdrawal Increase
21:00 - 23:09: Prioritizing Tax Competitiveness and Productivity
23:10 - 25:09: Advocating for Early Financial Literacy Education
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GUEST LINKS & RESOURCES:
Jake’s Blog: https://fraserinstitute.org/blogs/federal-budgets-scale-of-spending-and-debt-reveal-a-government-lacking-self-control
LEARN MORE ABOUT BMO ETFS (SPONSOR):
https://www.bmo.com/main/personal/investments/etf/
---------------------------------------------------
Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advocate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and where ever you get your podcasts.
Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/
Follow on X: https://twitter.com/strictlymoneytv
Get in touch: https://saijelle.com/contact-us/
Join Saij Elle’s FREE Money Masterclass for Women: https://courses.saijelle.com/master-class/

In this episode, I’m tackling the commonly used term "financial literacy" and why it might be leading us astray. 
There are limitations of traditional financial literacy and it’s why so many individuals struggle with managing their finances despite possessing basic financial knowledge. 
The correct approach is a concept called financial capability—a comprehensive framework that goes beyond mere literacy to empower individuals with the skills, attitudes, and behaviours necessary for long-term financial well-being.
Whether you're a seasoned investor or just starting your financial journey, this episode will equip you with the tools and mindset needed to thrive in today's complex financial landscape.
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Key moments:
00:00 - 02:06: Rethinking Financial Education: Beyond Literacy
02:07 - 04:49: Financial Capability: Bridging Knowledge and Action
04:50 - 06:23: Transforming Theory into Financial Success
06:24 - 07:42: Empowering Financial Fluency for Collective Prosperity
07:43 - 08:21: Join the Movement: Building Financial Capability
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Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advocate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and where ever you get your podcasts.
Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/
Follow on X: https://twitter.com/strictlymoneytv
Get in touch: https://saijelle.com/contact-us/
Join Saij Elle’s FREE Money Masterclass for Women: https://courses.saijelle.com/master-class/

As the tax filing deadline approaches, host Saijal Patel is joined by seasoned tax expert Brian Quinlan to provide last-minute filers and proactive planners alike with essential insights to optimize savings and minimize tax liabilities.
From new regulations to timeless strategies, we cover everything you need to know to make the most of your finances in 2024 and beyond.
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Timestamps:
00:00 - 03:49: Deadline Alert: Last-Minute Tax Tips for Procrastinators
03:49 - 07:12: Insights into Evolving Tax Filing
07:12 - 11:19: Maximizing Benefits and Refunds
11:19 - 13:32: Utilizing CRA Website and Newsletters
13:32 - 17:42: Tax Savings Through Spousal Investment
17:42 - 22:34: Remote Work Impact: Changes in Home Office Deductions
22:34 - 25:51: Prospects for Budget Passage by Year's End
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GUEST LINKS & RESOURCES:
Get in touch with Brian:
https://allayllp.ca/about-us/our-team/brian-quinlan/
LEARN MORE ABOUT BMO ETFS (SPONSOR):
https://www.bmo.com/main/personal/investments/etf/
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Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advocate who runs Saij Elle/Saij Wealth Consulting Inc dedicated to help women build financial independence. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and where ever you get your podcasts. 
Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/ 
Follow on X: https://twitter.com/strictlymoneytv 
Get in touch: https://saijelle.com/contact-us/
Join Saij Elle’s FREE Money Masterclass for Women: https://courses.saijelle.com/master-class/

Tune in to this episode as I uncover the 4 key investing mistakes that could be holding you back from achieving financial freedom.
Join me as I discuss why investing is not as risky as you may think and how to approach risk the right way when thinking about your investment strategy. Plus for all you FOMOs, I’ll share why time and patience work for you rather than against you. 
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Key moments:
00:00 - 01:05 - Financial Wisdom Unlocked: Insights
01:06 - 05:55 - Avoid Costly Investment Blunders: Guide
05:56 - 09:30 - Embrace Risk for Wealth: Secret Revealed
09:31 - 12:44 - Market Mastery: Timing and Diversification Tips
12:45 - 13:34 - Secure Your Future: Expert Investment Advice
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Saijal Patel, CFA, is a former CNBC and BNN journalist and passionate financial wellness advocate. She's bringing Strictly Money directly to you via YouTube, Apple Podcasts, Spotify and where ever you get your podcasts.
Connect on LinkedIn: https://www.linkedin.com/company/saij-elle/
Follow on X: https://twitter.com/strictlymoneytv
Get in touch: https://saijelle.com/contact-us/
Join Saij Elle’s FREE Money Masterclass for Women: https://courses.saijelle.com/master-class/