The Empowered Investor Keith Matthews

As parents, we all want to set our kids up for financial success. But how do you teach them about money in a way that sticks? In our latest episode, Marcelo speaks with Robin Taub, CPA and author of "The Wisest Investment," to get her expert advice on instilling money smarts from an early age.
Robin Taub is the bestselling author of The Wisest Investment. The Canadian edition of this book was awarded the Best Adult Book of 2022 by the Institute for Financial Literacy.
Join us as we discuss the practical tips and exercises Robin outlines in her book, explore her personal experiences, and understand why financial literacy is essential for children, adolescents and young adults. This episode is packed with insights for parents, grandparents, and mentors who are keen on making a lasting impact on their children’s financial future.
Thank you for tuning in!
​Key Topics:
The Wisest Investment: Robin Taub’s book and its impact (1:04)Financial struggles of parents and the importance of teaching kids about money (5:25)Marcelo's personal experience and how his financial journey shaped his views (15:00)The role of values in financial education and how to instill them in children (25:30)Using teachable moments to impart financial lessons to kids (27:21)Robin's background and journey into financial education (30:32)Different approaches to allowances and tying them to chores (36:44)How budgeting can be made fun and engaging for kids (40:06)The importance of gratitude and giving in financial education (44:17)Introducing kids to investing and the stock market (49:49)Using board games to teach kids about money (48:33)The impact of technology and mobile banking on financial education (54:53)The significance of letting children make financial mistakes and learn from them (1:05:00)The importance of financial literacy (1:10:45)
And so much more!
Mentioned in this Episode:
The Wisest Investment by Robin TaubGet Smarter About MoneyAtomic Habits by James ClearECHOageThe Good Life by Robert Waldinger11 rings: The Soul of Success by Phil JacksonMan's Search for Meaning by Viktor E. FranklPodcast: Teaching Kids about Money with Guest Will RaineyTulett, Matthews & Associates
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Join us as we celebrate 100 years of mutual fund history, reflecting on how they've helped shape investor access to the markets.
Keith and Marcelo discuss the journey of mutual funds (MF) from a niche product created in 1924 to a mainstay in the investment world, examining both the benefits and challenges they present for today's investors.
They highlight mutual funds' ability to provide diversified exposure to various markets, easy access to foreign investments, and convenience in buying and selling shares.
They also tackle the downsides of mutual funds head-on: high fees, lack of transparency, and sales-driven practices from big banks and others that plague the industry. Despite the availability of lower-cost alternatives like ETFs and other low fee MFs, Canadians continue to be pulled to high-fee MFs. Why?
Keith and Marcelo remain optimistic about the future, pointing to an increasing availability of low-fee investment options and the growing demand for independent, evidence-based financial advice.
Explore the pivotal moments in mutual fund history and gain insights into how understanding this history can benefit your investment strategy today.
Thank you for tuning in!
Key Topics:
● The historical significance and impact of mutual funds on investing (00:39)
● Overview of mutual fund benefits, including diversification and accessibility (01:15)
● Mutual funds' role in the democratization of financial markets (03:22)
● High fees associated with Canadian mutual funds and transparency issues (05:15)
● Evolution of mutual funds and the introduction of ETFs (07:30)
● The shift from defined benefit pensions to defined contributions (09:45)
● Canadian vs. U.S. investment trends in mutual funds and ETFs (11:05)
● Discussion on mutual fund fee structures in Canada (13:18)
● The changing landscape of investing and the rise of passive strategies (15:30)
● Long-term trends and future for mutual funds (18:25)
● Summary of key takeaways and the importance of informed investing (20:40)
● Adoption of Vanguard's ETF Portfolio and Shift Towards Passive Investing in Canada (22:18)
And so much more!
Mentioned in this Episode:
Tulett, Matthews & Associates
Thanks for Listening!
Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. And feel free to drop us a line at lawrence@tma-invest.com or 514-695-0096 ext.112.
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Are you wondering how the proposed 2024 Federal Budget changes might affect your investments? Curious about the implications of the increased capital gains inclusion rates? Want to know the key considerations for financial planning in light of these changes? Today's episode dives deep into these questions and more.
Today, Keith is joined by Gerry Theus, a seasoned tax expert, to explore the nuances of the proposed capital gains inclusion rate increases. They will discuss the transition from the old rate to the new, highlight the direct impacts on various investment structures, and unravel strategies to optimize financial outcomes under these new regulations.
This episode is crucial for anyone looking to understand and navigate the new tax laws effectively.
Thank you for tuning in!
Key Topics:
● Gerry's background in tax law (02:29)
● Which types of investment structures are impacted by capital gains taxes (04:52)
● Assets that are exempt from capital gains taxes and clarifying common misconceptions (07:21)
● Assets that are typically subject to capital gains taxes upon appreciation (09:38)
● Tax bands and implications for individuals (12:26)
● Triggering gains before law changes (14:48)
● Strategies for dealing with capital gains from real estate (17:24)
● Advantages of being able to sell parts of a portfolio to manage potential capital gains tax liabilities (19:46)
● Future considerations for entrepreneurs holding commercial property (24:31)
● Capital gains adjustments for entrepreneurs (26:53)
● Updates on the the Lifetime Capital Gain Exemption (LCGE) increases (29:14)
● Update of the new Canadian Entrepreneurs Incentive program (31:41)
Mentioned in this Episode:
Tulett, Matthews & Associates
Thanks for Listening!
Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. And feel free to drop us a line at lawrence@tma-invest.com or 514-695-0096 ext.112.
Follow Tulett, Matthews & Associates on social media on LinkedIn, Facebook, and more!
Follow The Empowered Investor on Facebook, LinkedIn, and Instagram

Wondering how you can simplify your investment strategy without sacrificing returns? How does a straightforward approach to investing lead to financial security? Discover the answers in this episode as we discuss the principles of index investing and the power of keeping it simple.
Keith Matthews is joined by Nicolas Bérubé, an award-winning financial journalist and author (of From Zero to Millionaire), to explore the benefits of a stress-free investment strategy. Nicolas shares his journey from being a curious reporter during the financial crisis to becoming a proponent of index investing, highlighting the importance of understanding market behavior and the futility of trying to predict the future.
We dissect common misconceptions about active and passive investing, why aiming for average returns is a pathway to exceptional long-term success, and how maintaining discipline in your investment strategy can lead to financial empowerment.
Thank you for tuning in!
Key Topics:
● Introduction to Nicolas Bérubé and his journey in financial journalism (00:39)
● Impact of the 2008 financial crisis on investment perspectives (03:20)
● Misconceptions about stock market investing and the reality of index funds (05:56)
● The significance of behavior in investment success (13:02)
● Importance of starting early in investing and the concept of compounding (20:50)
● Debunking the myths around index investing and market timing (27:14)
● Discussion on the downside protection in index funds (34:07)
● Nicolas Bérubé's investment philosophy and his view on being a 'lazy investor' (38:22)
● Future of index investing in Canada and globally (43:00)
● The early adoption of exchange-traded funds (ETFs) and the gradual recognition of their benefits in the investment community (44:57)
● Why active management often underperforms index funds, even in volatility(49:13)
And much more!
Mentioned in this Episode:
Tulett, Matthews & AssociatesNicolas Bérubé’s book, "From Zero to Millionaire"La Presse
Thanks for Listening!
Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. And feel free to drop us a line at lawrence@tma-invest.com or 514-695-0096 ext.112.
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Have you ever wondered what happens to your tax obligations when you leave Canada to become a non-resident? What about the complexities of owning property in Canada while living abroad? Are you aware of the intricate tax implications involved in these scenarios?
In today’s episode, Marcelo Taboada speaks with Julie Cote from Chaise Bleu. With her extensive experience in taxation and specializing in non-resident Canadians owning property in Canada, Julie sheds light on the often misunderstood and overlooked aspects of taxation for non-residents. This episode is a deep dive into non-residency status, property ownership, and the critical tax considerations that come with these situations.
Join us as we unravel the complexities of non-residency and property ownership from a taxation perspective. This episode is not just for those directly affected but also serves as a knowledge reservoir for anyone who might know someone in such circumstances. Tune in to equip yourself with essential insights and strategies for efficient tax planning and compliance.
This podcast episode with Julie Cote was recorded on Nov 11th, 2023. Since then, have been two important changes.
1 - The minimum late filing penalty for the Underused House Tax UHT has been reduced:
To $1,000 for individuals (previously $5,000 as mentioned in the podcast)To $2,000 for corporations (previously $10,000 as mentioned in the podcast)
2 - The Ban on foreign Buyers has been extended by two years to January 1st, 2027.
Key Topics:
Understanding non-resident status and tax implications (8:00)Myths and facts about property ownership as a non-resident (15:30)strategies for non-residents planning to return to Canada (25:01)The impact of foreign buyers on the Canadian property market (30:53)Demystifying the underused housing tax (34:49)And much more!
Mentioned in this Episode:
Tulett, Matthews & Associates
Thanks for Listening!
Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. And feel free to drop us a line at lawrence@tma-invest.com or 514-695-0096 ext.112. 
Follow Tulett, Matthews & Associates on social media on LinkedIn, Facebook, and more!
Follow The Empowered Investor on Facebook, LinkedIn, and Instagram

Can you quantify the value of financial advice? How does an advisor enhance your investment returns? What role does behavioral coaching play in your financial success? Dive into these compelling questions in our latest episode of The Empowered Investor. Join us as we explore the intricate relationship between financial advice and investment success, featuring the insightful expertise of Emile Bouchard from Vanguard.
In this episode, we delve deep into Vanguard's groundbreaking research on the value of financial advice. Emile Bouchard, a seasoned professional in the financial services industry, shares his insights on how Vanguard's approach to evidence-based investing and low-cost strategies is reshaping the industry. We dissect the critical components contributing to the value added by financial advisors, including portfolio construction, behavioral coaching, and holistic wealth management.
Wrapping up, we reflect on the evolving landscape of financial advice in the age of AI and robo-advisors. Discover why the human element in financial planning remains irreplaceable, fostering trust, understanding, and customized strategies that align with your unique life events and goals.
Thank you for tuning in!
Key Topics:
Emile's background and role at Vanguard (1:37)Overview of Vanguard's research on the value of advice (3:11)Importance of asset allocation and portfolio construction (11:49)Emphasis on low-cost investments and their benefits (17:38)Holistic wealth management and its impact (22:09)The critical role of behavioral coaching (25:07)Discussion on AI, robo advisors, and the future of financial advice (34:55)
Mentioned in this Episode:
Tulett, Matthews & AssociatesVanguard
Thanks for Listening!
Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. And feel free to drop us a line at lawrence@tma-invest.com or 514-695-0096 ext.112.
Follow Tulett, Matthews & Associates on social media on LinkedIn, Facebook, and more!
Follow The Empowered Investor on Facebook, LinkedIn, and Instagram