The Canadian Money Roadmap

Book an intro call with Evan Neufeld, CFP®Watch this episode on YouTubeCredit for the idea for this video goes to Aaron Hector from CWB Wealth.  You can find more of his insights on X and LinkedIn: https://x.com/AaronHectorCFP https://www.linkedin.com/in/aaronhector/In this video, we discuss the recent changes announced by the Canadian government to income tax brackets and various benefits for 2025. These changes include a 2.7% increase to match inflation. While many benefits will see an increase, some elements such as the CPP death benefits and withholding tax system for RRIFs have remained unchanged for decades. Additionally, we examine other benefits like non-refundable tax credits, pension income amounts, and the Canada Education Savings Grant that have not kept up with inflation. Learn how these adjustments and untouched areas could affect your finances in the coming year.Become a client - Plan for your retirement and invest with EvanBecome a clientFinancial Foundations Course - Save 25% with code PODCAST25Full Financial Picture Spreadsheet

In this episode of the Canadian Money Roadmap Podcast, we explore practical strategies to save more money and improve your finances for 2025. Learn about the importance of reassessing your regular expenses, finding cheaper alternatives for necessities, and cutting down on non-essential recurring costs. We also discuss ways to save on travel expenses and effectively allocate your savings to ensure long-term financial benefits. Whether it’s lowering your phone bill or smart travel planning, these tips can help you get a head start on your New Year’s resolution to save more and spend less.00:00 Introduction: New Year's Resolution for 202500:12 Practical Tips to Save Money Now01:01 Reducing Regular Expenses: Phone Bills07:32 Cutting Down on Non-Necessities11:45 Saving on Travel Expenses20:58 Maximizing Your Savings22:51 Conclusion: Improving Your Finances for 2025Become a client - Plan for your retirement and invest with EvanBecome a clientFinancial Foundations Course - Save 25% with code PODCAST25Full Financial Picture Spreadsheet

Watch this episode on YouTubeAs the year draws to a close,  Evan shares nine powerful strategies to enhance your financial health, decrease your tax liabilities, and set yourself up for future success. Whether you're retired, working, or just starting your financial journey, this episode offers valuable insights including a new update relevant for 2024. Topics covered include opening a first home savings account (FHSA), tax loss/gain harvesting, timing TFSA redemptions, charitable giving, RRSP and RESP contributions, RRIF conversions, and the benefits of a registered disability savings plan (RDSP). Tune in to ensure you're on the right financial track as we approach 2025!Become a client - Plan for your retirement and invest with EvanBecome a clientFinancial Foundations Course - Save 25% with code PODCAST25Full Financial Picture Spreadsheet

Watch this episode on YouTubeIn this episode of the Canadian Money Roadmap Podcast, we delve into the many benefits of Tax-Free Savings Accounts (TFSAs) for retirement income, covering one-time expenses, and leaving a tax-free legacy for your family. Discover how TFSAs can provide tax-free retirement income, offer flexibility for large expenses, and simplify your estate planning. Don't miss this eye-opening discussion that could change how you think about your retirement strategy.00:00 Introduction to TFSA for Retirement00:41 TFSA vs. RRSP: Understanding the Differences01:50 Using TFSA for Regular Monthly Income03:40 Withholding Taxes: A Deep Dive06:23 Systematic Withdrawal Plans (SWPs)08:02 Covering One-Time Expenses with TFSA12:34 TFSA for Estate Planning and Legacy16:45 Conclusion and RecapBecome a client - Plan for your retirement and invest with EvanBecome a clientFinancial Foundations Course - Save 25% with code PODCAST25Full Financial Picture Spreadsheet