Smart Advice with Carissa Lucreziano

• Smart Advice Podcast: Best of 2025

  Here are three reasons why you should listen to this episode:Discover the key themes shaping financial decision-making, from economic shifts to evolving investor needs.Understand how resilience emerged as the strongest guide for navigating uncertainty.Learn how expert insights can inspire clearer and more confident choices moving forward.ResourcesCIBC's "Smart Advice" Podcast and Website - Website | Apple Podcast | SpotifyVisit CIBC for more Smart AdviceEpisode Highlights[00:21] Season Wrap-Up: The Themes Defining Financial Decision-Making Over the episodes throughout Season 3, Canadians faced shifting economic conditions and changing financial needs.Host Carissa Lucreziano reflected on how each conversation revealed what people were working through.Resilience emerged as the strongest theme as guests showed how steady planning created opportunity.[02:25] Carissa Lucreziano: “In order to build the resiliency of our country's economy, you have to think about things in the long term, and you also have to go with what we're good at, and what we are good at in this country is natural resources.”The season showed the clear priorities and choices that helped Canadians stay focused on what they could control.[01:50] Lisa Raitt: Resilience and Economic Opportunities in CanadaCanada’s economy showed strengths extending beyond the headlines.Lisa Raitt pointed out that Canada’s natural resources and innovation hubs as long-term advantages.She emphasized how focusing on what Canada did well supported national resilience.Her insights highlighted why a broader view helped Canadians see opportunity in shifting global conditions.[03:32] Andrew Grantham: Housing Market Realities Across ProvincesHousing trends continued to shift as interest rates and regional conditions evolved.Senior Economist Andrew Grantham explained why affordability pressures persisted in major provinces.He noted the large urban markets remained buyer-heavy, creating downward pressure on prices.[04:37] Andrew Grantham: “What we are seeing there is that this is still a buyer's market. There are still more sellers than there are buyers, and that is putting a little bit of a downward pressure on prices.”His perspective gave Canadians a clearer sense of the regional forces affecting home decisions.[04:48] Ian Gallagher: Entrepreneurship, Innovation and Succession PlanningEntrepreneurship continuously reshaped Canada’s economic landscape, adapting it to new technology and ideas.Ian Gallagher explained younger companies used digital tools to drive growth and margins.He also highlighted how immigrant entrepreneurs brought creativity and momentum to many sectors.His insights showed why business owners benefited from planning early for future succession.[06:13] CIO David Wong: Investing Wisely Through Short-Term NoiseMarket volatility continued to test investor confidence throughout the season.Chief Investment Officer, David Wong explained how emotional reactions often led to missed financial gains.He explained why diversification and patience played a key role in navigating uncertainty.The conversation encouraged Canadians to stay aligned with their timeline rather than the daily news. [07:24] Aaron Young: Fixed Income’s Role in a Balanced PortfolioFixed income remained a steadying force during uncertain market periods.According to Aaron Young, bonds helped offset equity risk and protect capital.He emphasized that fixed income still held value for investors at every experience level.His guidance reinforced the importance of keeping fixed income as part of a balanced portfolio.[08:36] Meric Koksal: Alternative Investments and Intergenerational Wealth PlanningAlternative assets became increasingly relevant as investors searched for new sources of return.In her conversation with Carissa, Meric Koksal outlined why private equity, private credit and real estate gained traction.She noted how longer time horizons supported higher potential growth for younger generations.Her perspective showed how alternatives complemented traditional strategies and strengthened family planning.[10:20] Michael Keaveney: Teaching Financial ResponsibilityBuilding strong money habits early continued to shape long-term outcomes for young Canadians.As Michael Keaveney discussed in his episode, giving children a voice encouraged responsibility and confidence.[10:48] Michael Keaveney: “I think it's entirely appropriate and a good idea for children to learn that the money didn't fall out of the sky, that a plan was put together, a conscious choice was made, maybe even at the expense of other options, and as time goes on, the child can have an increasingly a voice in that plan.”He explained how involvement supported better financial literacy over time.His insights highlighted how even small contributions taught meaningful lessons.[12:19] Richard Voss: Estate Planning and Lifetime GivingLifetime giving emerged as a meaningful approach for modern estate planning.In his appearance, Richard Voss explained how passing down financial gifts during a life time creates a greater positive impact for loved ones.In his experience, many inheritances arrived too late to be fully useful; Canadians are living longer, and the passing on of wealth happens much later.His guidance encouraged Canadians to support the next generation when it mattered most. [13:50] Jamie Golombek: Year-End Tax Planning for a Stronger Financial FutureYear-end remained a key moment for strengthening financial plans.Jamie highlighted how timely FHSA contributions could make a real difference.He outlined how charitable giving and donating appreciated securities created tax efficiencies.His advice helped Canadians enter the next year with greater clarity and preparedness. [15:30] Dr. Noah Levine: Health and Financial Well-BeingPersonal well-being will always have a significant impact on long-term financial success.Healthy workplaces supported stronger performance, according to Dr. Noah Levine.He noted employers played an important role in protecting employee well-being.The discussion showed why caring for health helped sustain better financial decisions. [17:35] Investing in Personal Growth and Future OpportunitiesPersonal growth emerged as a central driver of future financial opportunity.Scott McGillivray encouraged Canadians to invest in skills and relationships.[18:02] Scott McGillivray: “The absolute number one investment right now in 2025 that someone can make is in themselves. This is the time to up your game.”He emphasized acting early to be ready when new opportunities appeared.His message framed self-investment as a foundation for future progress.About CarissaCarissa Lucreziano is a financial advice expert at CIBC, with extensive experience in wealth management, personal finance and strategic planning. Carissa specializes in guiding individuals through critical life transitions, including retirement, entrepreneurship and relationship changes, offering tailored solutions to help them achieve their financial goals with confidence. Her financial expertise enables her clients to build economic resilience and secure their futures.Carissa is passionate about empowering Canadians to take control of their finances by providing clear, actionable advice that simplifies complex financial decisions. She is dedicated to fostering financial confidence, ensuring her clients can navigate challenges and milestones with clarity and success.Connect with Carissa Lucreziano on LinkedIn.Enjoyed this Episode?If you did, be sure to subscribe and share it with your friends!Post a review and share it! If you enjoyed tuning in, leave us a review. You can also send this to your friends and family. Although Canada’s economy plays a part, your financial decisions matter more. This season revealed how Canadians are navigating change with clarity and intention. With the right perspective and steady habits, every decision becomes a step toward a stronger financial future.Have any questions? You can connect with me on LinkedIn or through CIBC’s Facebook,  or Instagram.Thanks for tuning in! For more updates, visit our website. You can also listen to more amazing episodes on Spotify or Apple Podcasts.

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• Protecting your legacy: Succession strategies for business owners

  Here are three reasons why you should listen to this episode:Understand how Canadian businesses can prepare for generational wealth transition.Gain practical tips on business succession, valuation, and managing complex family dynamics.Reflect on the emotional side of entrepreneurship and how legacy planning shapes the future.ResourcesCIBC's "Smart Advice" Podcast and Website - Website | Apple Podcast | SpotifyVisit CIBC for more Smart AdviceIain Gallagher: LinkedIn | CIBC ProfileEpisode Highlights[00:31] The Changing Landscape of Canadian BusinessCanada’s business environment has undergone several changes in recent years.Entrepreneurs have faced challenges from the pandemic, supply chain disruptions, inflation, and staffing shortages.Despite uncertainty, Canadian businesses continue to show strength and adaptability.Iain Gallagher believes that resilience and optimism still define today’s entrepreneurs.[03:28] A New Generation of EntrepreneursMore Canadians than ever aspire to start their own businesses.Younger entrepreneurs are blending creativity with technology to reshape traditional industries.Many are bringing fresh perspectives through lifestyle, wellness, and tech-driven ventures.Iain highlights the growing impact of immigrant entrepreneurs on Canada’s business growth.[06:07] Building the Foundations of a Modern BusinessToday’s business owners must embrace technology from day one.Digital tools now drive marketing, sales, and operations, reducing costs and improving efficiency.Strong financial systems are vital to support decision-making and sustainable growth.Iain explains how modern entrepreneurs can scale faster by leveraging digital solutions.[07:49] The Great Transition: Preparing for Business SuccessionA large wave of Canadian business owners plans to retire within the next decade.This generational shift poses both risks and opportunities for the economy. It also presents personal challenges for some entrepreneurs.Iain emphasizes the need for families to have open discussions about business succession plans.Preparing early helps avoid rushed transitions and protects the value of the business.[09:40] Iain: “What we really try and encourage our clients to do is have those conversations and really talk about what everyone's goal is and what's the best way of achieving that.”[10:24] Business Succession and Sales ReadinessEven if a sale is years away, owners should start preparing now.Iain outlines three key steps: strengthen financial reporting, delegate management, and share client relationships.Letting go of control allows teams to grow and businesses to operate independently. Many entrepreneurs misunderstand the true value of their business, making preparation even more critical.[12:20] Iain: “As the business matures, grows, the number of people you have working for you increases. Owners really have to take a step back.”Strong financial systems, clear reporting, and solid management make a company more attractive and valuable to buyers.[15:27] The Emotional Side of Letting GoSelling a business is deeply personal for most entrepreneurs.Owners often see their company as part of their identity and community.Iain discusses the emotional attachment and the importance of defining success beyond price.Planning for employees’ future and preserving the founder’s legacy helps ease the emotional transition.[18:09] What Makes a Transition WorkA smooth business succession comes from preparation, clarity, and self-awareness.Owners must decide what they want their role to be after the sale.Iain compares selling a business to selling a home. Presentation and readiness matter to potential buyers.Making small operational and financial improvements can significantly boost value.[20:38] The Value of Expert GuidanceThe right advisors can make or break a transition.Iain stresses the importance of having accountants, lawyers, and M&A experts involved early.[21:43] Iain: “We couldn't do what many entrepreneurs do, but similarly, they can't do what we do. So we really encourage people to get the right advisors around them and identify them early on, because again, never want to think of an entrepreneur, business owner, a family, being pushed into transactions when they're not prepared.”Long-term relationships with trusted advisors help owners make informed decisions.A strong advisory team ensures both the business and shareholders are ready when the opportunity to sell arises.[23:16] From Business Owner to Wealth StewardSelling a business creates a new financial reality for entrepreneurs.Many owners need guidance to manage newfound wealth and plan for the next phase.Iain explains how collaboration with financial planners, tax experts, and family members can align goals.[26:09] Reflecting on the Entrepreneurial JourneyCarissa closes the episode by highlighting the dedication and resilience of Canadian business owners.Early planning and honest conversations can make every transition smoother and more meaningful.Each step, from preparation to letting go, helps shape a lasting legacy.Thoughtful decisions today can secure success for both current and future generations.Connect with Carissa Lucreziano on LinkedIn.About Iain GallagherIain Gallagher is the Managing Director and Head of Mid-Market Investment Banking at CIBC. With more than 25 years of experience, he has helped Canadian entrepreneurs navigate business succession, sales, and transitions. He focuses on helping owners realize the full value of their companies. Iain also ensures that the legacy they’ve built is protected. His experience covers industries like manufacturing, distribution, technology, and services.Known for his thoughtful approach, Iain understands the emotional side of every business transition. He also recognizes the financial complexity that comes with it. He works closely with families and founders to ensure each step of the process reflects their goals and long-term vision.  Through his leadership, he supports the next generation of Canadian business owners. He helps them plan with confidence, grow their businesses, and adapt to change.Connect and learn more about Iain Gallagher on his LinkedIn.Enjoyed this Episode?If you did, be sure to subscribe and share it with your friends!Post a review and share it! If you enjoyed tuning in, leave us a review. You can also send this to your friends and family. Business ownership in Canada is changing as many entrepreneurs prepare to pass on what they’ve built. This shift brings both opportunity and challenge. Each choice can shape the future of the business and those who run it. With business succession planning and the right guidance, every transition can lead to lasting success.Have any questions? You can connect with me on LinkedIn or through CIBC’s Facebook,or Instagram.Thanks for tuning in! For more updates, visit our website. You can also listen to more amazing episodes on Spotify or Apple Podcasts.

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• Passing on wealth: Strategies to Give, Receive, and Thrive

  Here are three reasons why you should listen to this episode:Gain insight into the practical and emotional complexities of intergenerational wealth transfer, including the rise of living gifts.Discover how wills and estate plans are key to ensuring your wishes are respected and your family’s future is protected, along with strategies on having open family conversations about inheritance.Learn why financial independence matters and how the younger generation can build wealth beyond inheritance.ResourcesCIBC's "Smart Advice" Podcast and Website - Website | Apple Podcast | SpotifyVisit CIBC for more Smart AdviceRichard Voss: LinkedIn | CIBC ProfileEpisode Highlights[00:20] The Great Wealth Transfer in CanadaCanada is seeing the largest intergenerational wealth transfer in its history.Richard Voss, Director of Wealth Strategies at CIBC, brings years of experience helping families manage the emotional and financial sides of passing on wealth.Gifting wealth while still alive is becoming more popular as Canadians live longer and want to see the impact of their generosity.Many people inherit at older ages, but financial support might have been more useful earlier in life.Giving during one’s lifetime can strengthen family relationships and create meaningful opportunities for the next generation.[02:45] Richard: “And so the question then arises, could a gift have been more effective and valued if they had received it at an earlier age? And I would argue, the answer to that is a resounding yes.”[03:44] Why Having a Will MattersDespite the increasing number of people planning to make a wealth transfer, nearly half of Canadians still don’t have a will.Richard breaks down why this gap exists, from discomfort discussing mortality to the belief that “it can wait.”[05:38] Richard: “Making a will is so important because it provides guidance to your survivors and your executors on how you want your assets divided. It reduces conflicts as your instructions are captured in a clear way and are formally recorded in a legal document.”A clear and legal will ensures your wishes are respected. Without one, provincial laws decide how assets are divided, which can lead to unintended and costly outcomes.However, a will alone is not an estate plan. Richard explains that a complete plan also includes powers of attorney and beneficiary designations.Every family’s situation is unique, and creating a complete plan ensures both financial and emotional peace of mind.[09:17] Starting Family Conversations About Wealth TransferTalking about wealth transfer, inheritance, and legacy can be uncomfortable, but it is necessary.Richard recommends regular family meetings to maintain transparency and consistency.[10:28] Richard: “Having everyone together is better than having separate one on one conversations. It allows for consistency and continuity and the ability to ask questions both ways.”Establishing ground rules helps create a safe, judgment-free space for everyone to share their thoughts.These conversations can strengthen family understanding, align values, and prevent future misunderstandings.[13:42] Building Financial Independence for the Next GenerationRising costs of living mean many young Canadians can’t rely on inheritance alone for financial security.Richard shares practical steps, starting with living within their means and saving with purpose.He outlines the 20/50/30 approach: 20% to savings, 50% to fixed expenses, and 30% to discretionary spending.The focus, he says, should be on developing strong habits early and working with financial advisors to build long-term wealth.[17:40] The Role of Advisors and Ongoing Financial PlanningCarissa reflects on Richard’s advice and emphasizes the importance of consistency and professional support.Together, they highlight how collaboration with a trusted advisor can help Canadians stay on track with financial goals.Richard encourages those living at home or with fewer expenses to take advantage of the opportunity to save more.Commitment and consistency are key to achieving financial goals and building confidence over time.[20:10] Managing and Making the Most of an InheritanceRichard advises taking time to pause after receiving an inheritance, especially if it comes from a loss.It is also beneficial to take the time to reflect, especially after the loss of a loved one..For significant inheritances, he recommends creating or updating a financial plan with professional advice.Even a modest inheritance can strengthen financial stability when used to reduce debt or invest for the future.[22:32] Planning the Future, One Step at a TimeCarissa closes the episode by emphasizing that planning for the future takes time and patience.Even small steps, like writing a will or starting family discussions on wealth transfer, can make a meaningful difference.The key is to start early, involve loved ones, and seek professional guidance when needed.Thoughtful planning today can build stronger financial foundations for generations to come.About Richard VossRichard Voss is the Director of Wealth Strategies at CIBC Private Wealth. He has spent years helping Canadians navigate the complexities of financial decision-making. His work focuses on creating thoughtful strategies that align financial goals with personal values. Through his guidance, families gain clarity on how to preserve and share wealth across generations. Richard is known for bringing both technical expertise and a deeply human approach to every conversation.Richard understands that strategic insight must also have empathy. He helps clients make informed decisions about wills, trusts, and long-term planning whilst maintaining harmony within their families. His approach emphasizes education, collaboration, and confidence in managing wealth. Above all, Richard is passionate about helping Canadians protect what matters most to them while building legacies.Connect and learn more about Richard Voss on his LinkedIn or CIBC Profile.Enjoyed this Episode?If you did, be sure to subscribe and share it with your friends!Post a review and share it! If you enjoyed tuning in, leave us a review. You can also send this to your friends and family. Wealth is changing hands faster than ever as a new generation steps into financial responsibility. Families across Canada are learning how to give, receive, and plan with purpose. This brings both opportunities and challenges, from tax implications to keeping family conversations. Explore how thoughtful planning can make every wealth transfer count, today and for the generations to come.Have any questions? You can connect with me on LinkedIn or through CIBC’s Facebook, Twitter, or Instagram.Thanks for tuning in! For more updates, visit our website. You can also listen to more amazing episodes on Spotify or Apple Podcasts.

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• Beyond the headlines: interest rates, housing and where the economy is headed

  Here are three reasons why you should listen to this episode:Learn how interest rate cuts actually affect variable and fixed-rate mortgages, and what that means for your next renewal.Understand the regional differences shaping Canada’s housing markets, including why now may be an opportunity for condo buyers.Gain practical strategies for staying financially resilient, from managing employment uncertainty to making smart spending decisions.ResourcesCIBC's "Smart Advice" Podcast and Website - Website | Apple Podcast | SpotifyVisit CIBC for more Smart AdviceAndrew Grantham: LinkedIn | CIBC Author ProfileEpisode Highlights[00:20] Canada’s Economic CrossroadsCanadians are facing uncertainty as interest rates shift, the Canadian housing market fluctuates, and recession fears dominate the headlines.Rising costs and uneven recovery raise important questions about affordability and financial security.Host Carissa Lucreziano introduces guest Andrew Grantham, Senior Economist at CIBC Capital Markets.Andrew is well-positioned to explain today’s challenges, connecting big-picture trends to the financial decisions Canadians face. [01:10] Interest Rates in the Canadian Housing MarketThe Bank of Canada and the U.S. Federal Reserve recently trimmed rates, offering a small sense of relief.For some households, variable-rate mortgages and credit lines see immediate benefits, while fixed rates remain largely unchanged.Carissa asks Andrew about the broader impact on the Canadian housing market, from overheated urban centers to smaller regions.Andrew explains why local differences matter, noting ongoing weakness in Toronto and Vancouver but signs of recovery elsewhere.[04:16] Andrew: “We are seeing that, particularly with the population growth we've seen in some of the prairie provinces, for example, there is the demand there, and even though building has increased in those provinces, we are still seeing that the housing market there is reasonably strong and prices are continuing to rise a little bit.”[04:41] The Condo Market in FocusCondos, particularly in Toronto, are experiencing weak demand and falling prices.Developers struggle to pre-sell units, slowing the pace of new construction.Andrew explains how reduced supply could eventually stabilize the market as demand slowly returns.He advises Canadians not to wait too long, as even a small rise in demand could shift conditions.[06:02] Are Canadians Waiting on the Sidelines?Many Canadians wonder if mortgage rates will fall further before they make financial moves.Andrew notes that while rates are lower than last year, they will likely not return to pandemic-era levels.He emphasizes that rates today are closer to 2019 levels, when the market was more balanced.His advice: focus on manageable payments and comfort, rather than trying to time the market.[07:40] Canada–U.S. Trade Ties and Sector PressuresCanada’s economy is deeply linked to U.S. policy decisions, creating ripple effects north of the border.Andrew discusses Mark Carney’s approach to strengthening ties while avoiding rushed trade deals.While many goods still enter the U.S. tariff-free, sector-specific tariffs continue to impact industries like steel, aluminum, and autos.Ontario and Quebec face the greatest pressure, while most other provinces remain less affected.[10:35] Consumer Spending and the Canadian DollarWith Black Friday approaching, Canadians are weighing the cost of cross-border shopping.[11:30] Andrew: “In terms of that cross-border shopping activity, a big theme over this year, even before talking about those Black Friday Sales, has been the drive to buy Canadian.”A weaker Canadian dollar makes U.S. purchases more expensive, but a “buy Canada” trend is emerging.Andrew notes that spending at home could benefit local retailers this holiday season.He explains how the loonie’s movement is tied to U.S. dollar strength, limiting expectations for quick improvement.[12:18] Is Canada in a Recession?Headlines continue to question whether Canada is already in a recession.Andrew clarifies the difference between the technical definition and how people actually feel.While contraction occurred earlier in the year, he expects recovery in the second half.For many in Ontario and B.C., falling home prices and job struggles still make it feel like a recession.[15:48] Andrew: “What's interesting though, in the current situation is that that excess increase in unemployment for young people has gone above and beyond even what we would typically see given what's happened on the economy as a whole, on a national basis.”[17:23] Building Financial ResilienceCanadians want to know how to protect themselves in uncertain times.Andrew advises setting money aside for emergencies and focusing on long-term goals.He emphasizes avoiding short-term “headline risks” and instead building steady resilience.His message: consistent saving and a long-term view remain the strongest strategies.[18:55] Looking Ahead: Opportunities Beyond UncertaintyCanada is adjusting to a new trade environment, higher but stabilizing interest rates, and shifting consumer patterns.Andrew highlights Canada’s strengths, including infrastructure investment, natural resources, and a skilled labor force.He notes that while the economy feels heavy today, long-term prospects remain strong.Final takeaway: Canadians should focus on opportunities ahead, not just the short-term noise.About Andrew GranthamAs Senior Economist with CIBC Capital Markets, Andrew Grantham has a wide range of experience in different areas of economic and market forecasting, providing both a Canadian and global perspective. His focus includes interest rates, the Canadian housing market, consumer spending, and trade. Through his work, he has helped Canadians understand how big trends connect to everyday financial decisions. Andrew often shares insights on mortgage affordability, youth unemployment, and cross-border ties.Andrew blends data-driven analysis with a practical perspective on the Canadian economy. In his analyses, he highlights both the challenges and the opportunities that lie ahead. His goal is to help Canadians move past headlines and focus on what matters for long-term resilience and growth.Connect with Andrew Grantham on his LinkedIn or CIBC Author Profile.Enjoyed this Episode?If you did, be sure to subscribe and share it with your friends!Post a review and share it! If you enjoyed tuning in, leave us a review. You can also send this to your friends and family. Interest rates, jobs, and trade are all shifting. The Canadian housing market is fluctuating depending on where you go. This creates a landscape that feels uncertain but also full of possibility. Discover how these changes connect, and learn what they mean for your financial decisions today and for the years ahead.Have any questions? You can connect with me on LinkedIn or through CIBC’s Facebook, or Instagram.Thanks for tuning in! For more updates, visit our website. You can also listen to more amazing episodes on Spotify or Apple Podcasts.

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• Tax Planning, Year-End Strategies, and Cross-Border Wealth with Jamie Golombek

  Here are three reasons why you should listen to this episode:Learn why now is the time to take advantage of Canada’s current capital gains rate and how it can impact your investment returns.Explore the ins and outs of owning property outside of Canada and how to avoid double taxation and cross-border estate issues.Hear practical year-end tax planning strategies, from charitable giving to tax-loss selling, to help you keep more of your wealth and achieve your financial goals.ResourcesCIBC's "Smart Advice" Podcast and Website - Website | Apple Podcast | SpotifyVisit CIBC for more Smart AdviceJamie Golombek: Website | LinkedIn | X (Twitter) | CIBC ProfileEpisode Highlights[00:21] Why Tax Planning MattersTaxes shape nearly every financial choice, from investing to passing down property.Without tax planning, policy shifts can create unexpected costs and reduce wealth.Jamie Golombek, Managing Director of Tax and Estate Planning at CIBC, brings over 25 years of experience to the discussion.His insights highlight how smart strategies can preserve assets and support long-term goals.[01:49] What to Expect from Tax PolicyCanadians face uncertainty as new government leadership and upcoming budgets could shift tax rules.Jamie outlines the likelihood of higher taxation for top earners and possible adjustments to credits and exemptions.[02:24] Jamie: “No one knows what will happen. We are expecting a fall budget. I mean, the latest information we have from publicly available sources is that the budget will drop in October. We're going to wait and see what will be in that budget.”He explains why tax cuts are unlikely and why rates at the high end can discourage productivity.Keeping a close eye on government priorities is essential for anticipating the next wave of changes. [05:05] Capital Gains and Investment StrategyThe proposed increase in the capital gains inclusion rate was cancelled, creating relief for many investors.Jamie explains that the rate remains at 50%, with both advantages and drawbacks.Investors should use this favorable rate strategically, particularly in non-registered accounts.Real estate and equity holdings can benefit from thoughtful positioning under current rules.[08:44] Jamie: “Take advantage of capital gains; the fact that we have the lowest rate, even lower than the rate on dividend income, which is also favorable because the dividend tax credit. Take advantage of it, both in your portfolios, your non-registered portfolios, as well as if you're doing any real estate investment.”[09:01] Navigating Property Ownership AbroadOwning property outside Canada can expose investors to double taxation, foreign estate taxes, and currency risk.Jamie stresses that Canadians are taxed on worldwide income, so all gains and rental income must be reported.Local tax advice, paired with Canadian expertise, is key to managing obligations across borders.Proper planning can prevent costly errors and preserve long-term property value. [14:04] Tax Planning for Wealth TransfersPassing down cottages or vacation homes raises both emotional and financial challenges.Jamie highlights the need for family conversations to determine if children actually want the property.Deemed dispositions at death can create large tax bills, requiring liquidity planning.[16:55] Jamie: “Remember, you haven't actually sold it. There is no real money, but there is this sort of deemed disposition concept, and therefore you've got to come up with the cash to pay the tax.”Options such as sinking funds, equalizing assets, or family trusts can help families transition smoothly.[18:13] Keeping Inheritance FairBalancing fairness between children is a common concern in estate planning.Jamie explains how dividing assets can work but stresses the importance of considering tax consequences.Life insurance is one tool that can equalize estates or cover tax liabilities.Coordinated planning with advisors ensures both fairness and tax efficiency.[21:12] Smart Moves for Year-EndPractical strategies can make a big difference before the calendar year closes.Jamie recommends tax-loss selling, charitable donations, and contributions to first-home savings accounts.Business owners should also review compensation strategies, weighing salary versus dividends.Year-end deadlines make it critical to act early and plan ahead.[23:21] Tax Planning, Wealth Building, and the Path ForwardProactive tax planning protects wealth and reduces unnecessary costs.Jamie directs listeners to his website and Financial Post column for ongoing guidance.The key lesson is that taxes, while inevitable, can be managed with foresight and good advice.Building long-term financial security starts with planning, strategy, and informed choices.About Jamie GolombekJamie Golombek is the Managing Director of Tax and Estate Planning at CIBC. With more than 25 years of experience, he has become one of Canada’s most trusted voices on tax strategy and wealth preservation. His expertise spans tax policy, capital gains planning, property ownership, and intergenerational wealth transfer. Jamie is also a longtime contributor to the Financial Post, where his weekly column helps Canadians make sense of complex tax issues and apply them in practical ways.Respected for his ability to simplify complicated topics, Jamie has appeared on BNN and CTV News. He has also been a frequent guest on podcasts and conferences across the country. His commentary bridges technical detail with everyday financial decisions, giving clarity to Canadians navigating taxes in real time. Through his work, he equips individuals and families with strategies to minimize costs, protect assets, and build wealth with confidence.Connect with Jamie Golombek on his LinkedIn or CIBC Profile.Enjoyed this Episode?If you did, be sure to subscribe and share it with your friends!Post a review and share it! If you enjoyed tuning in, leave us a review. You can also send this to your friends and family. Taxes may be unavoidable, but smart strategies can change the outcome. Discover how tax planning helps preserve wealth, reduce costs, and prepare for policy changes. Learn how to navigate property ownership, cross-border rules, and wealth transfers while keeping more money toward your goals.Have any questions? You can connect with me on LinkedIn or through CIBC’s Facebook, or Instagram.Thanks for tuning in! For more updates, visit our website. You can also listen to more amazing episodes on Spotify or Apple Podcasts. 

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