The Canadian Money Roadmap

In this episode, Evan and Sam explore whether historical patterns and current market data suggest there is an AI Bubble.

In this episode, Evan  explains how Canadian government retirement programs (CPP, OAS, and GIS) work, emphasizing their value in retirement planning.

In this episode, Evan examines the pros and cons of RRSP loans—borrowing money to contribute to your retirement savings. He notes  while RRSP loans offer tax deductions and lower interest rates, most people would be better off avoiding them due to the costs, risks, and limited flexibility of leveraged investing.

In this episode, Evan explains how Canadian retirement income accounts—RRIFs, LIFs, and PRIFs—work, covering how to convert accumulation accounts into income-producing accounts, the minimum and maximum withdrawal rules, tax implications, and province-specific regulations for managing retirement savings.

On this episode, Evan describes the key accumulation accounts available to Canadian  and their potential uses for investors.

In this episode, Evan and Sam discuss gold's historical performance as a hedge against market downturns, inflation, and economic crises, ultimately concluding that while gold has surged recently, the evidence doesn't support it as a reliable hedge in times of economic uncertainty. The episode concludes with a discussion of ways to get exposure to gold's upside through diversified evidenced-based investing.

On this episode, Evan examines mutual funds and ETFs. He notes both mutual funds and ETFs can be useful investment containers for building diversified portfolios, challenges the idea that one is inherently better than the other, while clarifying that the real differences lie in their transaction mechanics rather than their investment strategies or tax efficiency.

On this episode of the Canadian Money Roadmap, Evan describes what stocks and bonds are, why they're essential building blocks of a retirement portfolio, and how diversification and long-term holding periods reduce risk and increase the likelihood of positive returns.

This episode analyzes whether a 20-year-old Quebec lottery winner made the right choice by taking $1,000 per week for life instead of a $1 million lump sum.

In this episode, Evan highlights three common financial mistakes to avoid in the new year while sharing practical tips to help you get ahead and retire confidently.

In this year-end episode, Evan pulls back the curtain on his personal finances, the launch of Cedar Point Wealth, and the growth of The Canadian Money Roadmap, sharing real numbers, lessons learned, and what's ahead for 2026.

Evan shares his annual checklist of key financial tasks to consider before the year ends. Topics include maximizing your First Home Savings Account (FHSA), TFSA withdrawal timing, spousal RRSP strategies, charitable giving, capital gains/losses, mutual fund distributions, workplace benefits, and tips for staying organized. Evan also highlights useful resources to help you get your finances in order for the new year.

Learn one of the most reliable ways of increasing your happiness when it comes to your money.Free Kindle Books from Dr. Daniel Crosby - Until the end of December 20251. The Behavioural Investor2. The Soul of Wealth: 50 Reflections on Money and Meaning3. The Laws of Wealth

Most Canadians have no idea what they're actually paying to invest — and many are overpaying by a lot.In this episode, Evan breaks down how investment fees really work in Canada, what's reasonable, what's not, and how to tell if you're paying for advice you aren't actually getting. You'll learn how to read MERs, Fund Facts, and trailing commissions so you can spot red flags and avoid getting ripped off.

In this Q&A episode of the Canadian Money Roadmap Podcast, Evan answers two listener questions:How do TD ETFs compare to other providers like Vanguard and BlackRock? Evan breaks down the differences, explains why TD funds may get less attention, and shares what to look for when evaluating ETFs for your portfolio.What's the best order to withdraw funds in retirement? Evan discusses the factors that influence withdrawal strategies, including account types, tax implications, and personal goals

Record your money question here - No account or email required.

In this episode, we explore how the art of making the perfect smash burger—mastered by burger expert George Motz—parallels the principles of smart investing. Discover why simplicity, quality ingredients, and avoiding unnecessary complexity lead to better results, whether you're building a great burger or a strong investment portfolio. Tune in for practical insights and a fresh perspective on financial success.

In this episode of the Canadian Money Roadmap, we explore why chasing last year's top-performing stocks or sectors can leave your investment strategy “late to the party.” Evan breaks down the pitfalls of following market hype—like AI, tech chips, utilities, and even nuclear power—and explains how much of the expected growth is already priced in by the time most investors notice.Learn why diversification, humility, and keeping costs low are the real keys to long-term investing success. Plus, hear research on why only a tiny fraction of stocks drive most market gains, and why trying to pick the next big winner is a losing game for most.

In this episode of the Canadian Money Roadmap Podcast, Evan records from his mobile studio (aka his truck) and reflects on the parallels between the Toronto Blue Jays' unexpected playoff run and the world of investing. He discusses how both sports and markets can defy expectations, the importance of managing your emotions during winning streaks, and why it's crucial to remember that “this too shall pass”—whether times are good or bad. Evan also touches on the value of risk management, the role of cash in your portfolio, and why speculative assets like Bitcoin and gold differ from stocks and bonds. Tune in for practical advice on keeping your investment expectations realistic and building a system you can stick with through market ups and downs.

In this episode of the Canadian Money Roadmap Podcast, Evan Neufeld shares practical strategies for making smarter spending decisions during Amazon Prime Day and other major sales events. Learn how to spot real deals, avoid marketing tricks, and use tools like CamelCamelCamel to check price histories. Evan also discusses the value of spending money on meaningful experiences rather than just accumulating more stuff, and introduces a simple rule of thumb for deciding when to make a purchase. Tune in for actionable tips to help you get the most value from your money—on Prime Day and beyond.

In this episode, Evan discusses a recent news story about a family facing a $660,000 tax bill after both parents passed away in the same year. He explains the tax rules around RRSPs, capital gains, and estate planning in Canada, and clarifies common misconceptions presented in the media. The episode covers the importance of understanding tax implications, planning ahead, and communicating with family about estate matters. Evan also shares practical advice on strategies like life insurance and early RRSP withdrawals.

In this episode, learn a practical strategy for families with multiple children to get the most out of their Registered Education Savings Plan, especially when kids are different ages. Perfect for parents navigating tuition and RESP withdrawals this school year.Want a personalized retirement plan? Retirement Readiness Scorecard

This episode covers the pitfalls of bad financial advice and how to avoid it.Want a personalized retirement plan? Retirement Readiness Scorecard

Are you wondering what the best thing you can do with your money is right now? In this episode, you'll discover the simple step that can put you miles ahead on your financial journey: tracking your spending for the next three months.You'll hear real-life stories that show how easy it is to underestimate your expenses—and why knowing where your money goes is the foundation for confident retirement planning. You'll get practical tips on how you can track your spending (with tools or a simple spreadsheet), and why this one habit can unlock clarity for your future.If you want to take control of your finances, start with this three-month challenge. You don't need to sign up—just start today, and see how much more confident you feel about your money.Retirement Readiness Scorecard

Explore the real reasons behind overspending, debt, and financial comparison in this episode of the Canadian Money Roadmap Podcast. Discover how social pressure, priorities, and personal finance habits shape what we buy—and what we can truly afford.Retirement Readiness Scorecard

In this episode of the Canadian Money Roadmap Podcast, Evan introduces a new segment called 'Hot Takes On Hot Days,' where he critiques an article from BNN Bloomberg titled 'Five Warning Signs Your Investment Advisor is Not Up to the Job.' Evan discusses the misunderstandings and incomplete information commonly found in such articles, covering topics like portfolio performance, fees, advisor communication, and tax considerations. He emphasizes the importance of understanding risk-reward relationships, the various structures of mutual funds and ETFs, and the necessity of having an advisor who comprehends the nuances of financial planning.Retirement Readiness Scorecard

In this episode, Evan is joined by Aaron Hector to walk through the basics of estate planning. They cover what a will does, the role of an executor, and the importance of powers of attorney and health care directives. They also talk about probate, taxes at death, and why it's important to keep your estate plan up to date.Aaron Hector is a senior wealth advisor, and founding partner of Calgary-based TIER Wealth, which is a partner of Q Wealth Partners. He is also the President of the Institute of Advanced Financial Planners.Retirement Readiness Scorecard

In this episode, Evan provides timely financial advice on planning ahead for the upcoming Christmas and holiday season, even in the middle of summer. He suggests setting up a budget and a dedicated holiday savings account to avoid financial stress in January. Additionally, he discusses thorough vacation budgeting, sharing his own experience of how careful planning revealed a significant increase in expected costs. Evan offers practical tips, including using a vacation planner spreadsheet with currency conversion to ensure a smooth and enjoyable trip without unexpected expenses.Retirement Readiness Scorecard

In this episode of the Canadian Money Roadmap, Evan Neufeld discusses a real-life case study of a couple, Cal and Steph (**not their real names...), who were frustrated with the advice they were getting from the bank. He identifies three main issues: poor use of RRSPs, overly conservative asset allocation, and high investment fees. Evan explains how simple adjustments in these areas can significantly improve retirement outcomesRetirement Readiness Scorecard

Enjoy this bonus episode coming from my YouTube channel which you can also watch here: https://youtu.be/AY6Pa-o25uY?si=O4ilORbUtz6OpC1mRetirement Readiness Scorecard

If you've ever lived, worked, or held citizenship in both Canada and the U.S., your financial situation could be more complex than you realize. In this episode, Andrea Thompson explains what cross-border Canadians need to know about taxes, investments, retirement accounts, and common mistakes to avoid. Whether you're planning a move or just want to stay onside with the IRS, this is a conversation worth hearing.Andrea Thompson: Modern Cents - Advice Only Financial PlanningThinking about retirement? Get your Retirement Readiness Score

Evan marks 500,000 podcast downloads and shows how the same four habits that grew The Canadian Money Roadmap can grow a half‑million‑dollar investment portfolio:Stay consistent (not necessarily perfect)Lay a solid plan before you startAutomate the boring stuffKnow when to outsourceHear real‑life client stories, quick wins you can steal today, and why the right metrics matter more than having a big pile of cash. If you want a clear, doable path to your first $500k (and beyond), this episode is for you.Thinking about retirement? Get your Retirement Readiness Score

If you have some extra cash every month, should you invest more or pay down your mortgage? The answer that is best for you is going to consider more than just the interest rate of your mortgage and the most recent returns on your investments.Thinking about retirement? Get your Retirement Readiness Score

In this episode of the Canadian Money Roadmap Podcast, we'll analyze the volatile start to the 2025 stock market and explore how different types of investors—aggressive, conservative, and balanced—are faring.  Note: This content is for informational purposes only and not specific investment advice.Thinking about retirement? Get your Retirement Readiness Score

Build your Retirement Plan With EvanThis episode is an update on where I've been and where I'm going next.  I'll see you very soon with new episodes!Everything But Money - Live event with Jessica Moorhouse in SaskatoonGet your Retirement Readiness Score

Get your Retirement Readiness Score

Retirement is a time to enjoy the fruits of your labor, whether it's traveling, spending time with family, or fulfilling your bucket list. In this episode of the Canadian Money Roadmap Podcast, we present 15 critical questions to gauge if you're truly ready for retirement. From understanding your vision for retirement and calculating expenses to planning for healthcare costs and managing risk, these questions will help you plan a confident and fulfilling retirement.Get your Retirement Readiness Score

In this episode of the Canadian Money Roadmap Podcast, Evan Neufeld discusses seven strategies to manage investment risk in your portfolio as you prepare for retirement. Topics include diversification, rules-based implementation, adding bonds, holding cash, annuities, deferring CPP, and using put options. These methods aim to help you retire with confidence while reducing the volatility and uncertainty of your investments. Remember to consult with a financial professional before making any changes to your portfolio.00:00 Introduction: Politics and Your Portfolio00:23 Seven Ways to Manage Investment Risk00:53 Diversification: Don't Put All Your Eggs in One Basket02:13 Rules-Based Portfolio Implementation05:26 The Role of Bonds in Your Portfolio06:09 Cash Wedge Strategy08:11 Exploring Annuities09:55 Deferring Your CPP for Better Returns11:06 Using Options for Portfolio Insurance12:17 Conclusion and Final ThoughtsGet your Retirement Readiness Score

Become a client in 2025In this episode of the Canadian Money Roadmap Podcast, we explore financial and retirement planning tailored for single individuals in Canada. With nearly 30% of Canadian households being single-person households, it's vital to highlight the unique benefits and strategies available for singles. From decision-making ease to agility in financial planning, we discuss the advantages and key priorities for singles aiming to retire with confidence. Additionally, we cover high savings rates, pensions, insurance needs, and the importance of professional financial planning. Tune in to get practical tips and insights specifically for single Canadians.00:00 Introduction: Financial Planning for Singles in Canada00:39 Understanding Singleness: Different Scenarios01:39 Advantages of Being Single in Financial Planning06:30 Successful Financial Strategies for Singles10:25 Priorities for Single Individuals20:09 Conclusion and Final ThoughtsGet your Retirement Readiness Score

Watch this episode on YouTubeIn this episode, we explore the benefits and strategies behind using a spousal RRSP to optimize retirement savings, drawing from a real-life scenario with clients Curtis and Cynthia. The video outlines how high-income earners can contribute to a spousal RRSP under their partner's name and eventually convert it to a spousal RRIF, enabling tax-free withdrawals. We also discuss the spousal attribution rules, the significance of minimum withdrawals, and how to use these funds for TFSA contributions, ensuring the money remains tax-free. 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, Evan Neufeld delves into how retirement income can fluctuate for Canadian retirees in 2025. Learn about the implications of converting RRSPs to RRIFs, including changes in minimum withdrawal amounts, portfolio balance changes, and withholding tax. Evan also explains the complexities of LIFs, inflation adjustments for CPP and OAS benefits, and offers practical advice to plan for these changes in your retirement income.Become a client - Plan for your retirement and invest with EvanBecome a clientFinancial Foundations Course - Save 25% with code PODCAST25Full Financial Picture Spreadsheet

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.Book an intro call with Evan Neufeld, CFP®Financial 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 2025Invest With EvanFinancial 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!Tax-Free Retirement Workshop - Join The Waitlist Invest With EvanFinancial 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 RecapFinancial Foundations CourseInvest With EvanFinancial Foundations Course - Save 25% with code PODCAST25Full Financial Picture Spreadsheet

Watch this episode on YouTubeIn this episode of the Canadian Money Roadmap Podcast, we explore seven actionable ideas to ensure a fun, fulfilling, and purposeful retirement. Moving beyond the financial aspects of retirement planning, Evan delves into the importance of creating structure, lifelong learning, building intentional relationships, focusing on health and wellness, giving back through service, engaging in creative pursuits, and thinking about your legacy. Through real-life examples and practical advice, this episode is designed to help you plan for a rewarding retirement experience.00:00 Introduction: Purposeful Retirement00:30 The Importance of Planning Beyond Finances02:58 Creating a Retirement Vision Statement03:50 Adding Structure to Your Retirement07:13 Lifelong Learning and New Skills09:29 Building Intentional Relationships11:52 Prioritizing Health and Wellness14:12 Service and Giving Back15:54 Cultivating Creativity18:12 Leaving a Legacy20:24 Conclusion and Final ThoughtsRumi.aiAll-in-one meeting tool with real-time transcription & searchable Meeting Memory™Invest With EvanBecome more confident with your money - Financial Foundations Course

Watch this episode on YouTubeIn this episode, Evan outlines three key decisions to set up your retirement on autopilot: asset allocation, choosing the right plan type like RRSP or TFSA, and deciding how much to regularly invest. Learn how to simplify your retirement investing strategy with clear, actionable steps.Retire With EvanBecome more confident with your money - Financial Foundations Course

In this episode of the Canadian Money Roadmap Podcast,  Evan discusses the limitations of the '25x your expenses' rule for retirement savings. He delves into real-world considerations and personalized financial planning to realistically determine one's retirement number. Covered topics include tax implications, government benefits, retirement spending needs, and investment strategies, illustrating how these components can drastically alter retirement savings goals. The episode aims to inform listeners about personal finance beyond general guidelines, emphasizing the significance of tailored financial planning.00:00 Introduction to Calculating Your Retirement Number00:31 Welcome and Background Information01:04 Overview of the Retirement Roadmap Series01:43 Understanding the 25 Times Principle02:57 Hypothetical Couple Case Study04:02 Detailed Financial Breakdown06:35 Retirement Spending and Timing09:00 Government Benefits and Pensions12:49 Impact of Assumptions on Retirement Number17:47 Major Wrinkles Affecting Your Retirement Number23:58 Conclusion and Final ThoughtsInvest With EvanBecome more confident with your money - Financial Foundations Course

Watch this episode on YouTubeJoin us in Episode 4 of the Retirement Roadmap series on the Canadian Money Roadmap Podcast as we delve into the essential strategies and income sources to ensure a secure retirement. This episode focuses on practical steps to estimate your Canada Pension Plan (CPP) and Old Age Security (OAS) benefits, and how to integrate additional income sources like pensions, savings, and other assets. We also share tips on planning for fixed and variable income streams, emphasizing the importance of a comprehensive retirement plan.Invest With EvanBecome more confident with your money - Financial Foundations Course

In this episode of the Canadian Money Roadmap Podcast, join Evan as he discusses how to build your dream retirement on your terms. Learn about setting spending and time targets, the importance of early planning, and practical savings milestones you should aim for at different ages. Whether you're aiming for financial freedom, work optional, or traditional retirement, this episode is packed with valuable insights to help you plan effectively. Tune in to discover how to align your retirement goals with your current lifestyle and income, and ensure you retire confidently. Don't forget to subscribe for more episodes on achieving your financial goals00:00 Introduction to Building Your Dream Retirement00:40 Setting Retirement Goals and Targets03:24 Understanding Retirement Spending08:34 Determining Your Retirement Timeline14:52 Savings Milestones for Retirement18:15 Recap and Next StepsInvest With EvanBecome more confident with your money - Financial Foundations Course

Invest With EvanWatch this episode on YouTubeIn today's episode of the Canadian Money Roadmap Podcast, we continue our Retirement Roadmap Series by focusing on the foundational elements necessary for a secure retirement. We discuss essential steps like ensuring consistent cash flow, getting disability and life insurance, setting up a will, and eliminating high-interest debt. We also feature a real-world analogy of the Millennium Tower in San Francisco to underline the importance of a strong foundation. Join us as we outline how to set the groundwork for a stable financial future.00:00 Introduction to the Retirement Roadmap Series00:34 The Importance of a Solid Financial Foundation03:54 Step 1: Managing Cashflow07:47 Step 2: Disability Insurance11:56 Step 3: Life Insurance19:08 Step 4: Creating a Will22:33 Step 5: Tackling High-Interest Debt28:14 Conclusion and Next StepsInvest With EvanBecome more confident with your money - Financial Foundations Course