The Fry Team Podcast

2024

 

 

March 2024 Market Commentary

 

 

February 2024 Market Commentary

 

 

January 2024 Market Commentary

 

 

January 15th - 2024 Tax Changes

 

      1:47 TFSA Contribution Limit Increase
      2:38 RRSP Maximum Contribution Increase
      4:30 Elimination of GST on Professional Counselling Services
      5:27 Enhanced CPP Program
      7:52 Increased Carbon Tax
      8:34 Elmination of Deductable Expenses for Short Term Rentals
      9:58 Increased Penalty for Overdue Tax Payments

TFSA Contribution Room Calculator

RRSP Contribution Return Calculator

2023

December 2023 Monthly Commentary

 

 

December 11th - Finfluencers and Financial Advice on Social Media

 

 

       1:20 A Brief History and Where We Are Today
       2:04 Influencers and Their Motives
       3:51 Examples - Beware of (F)Influencer Advice
       8:19 Why Social Media Isn't the Best Place To Get All of Your Financial Advice
       10:03 Manage Your Money Properly

November 13th - Talking to Adult Children About Family Wealth

 

       1:18 The Greatest Wealth Transfer in History is Taking Place
       2:10 Introduction
       2:42 Create a Script
       4:02 Setting the Stage
       5:20 Getting the Conversation Started
       7:16 A Bit of Eduction Can Go a Long Way

October 16th - Choosing the Right Executor with David Tremblett

 

       1:22 - What Happens When You Die Without a Will
       3:26 - Introduction to BMO Trust Company
       5:35 - What it Takes to be an Effective Executor
       11:29 - Costs of Appointing BMO Trust as Executor
       13:08 - A Personal Example
       14:37 - Unequal Distributions
       19:00 - Unique Will Stories
 

Executor Task List PDF

August 14th - Succession Planning for the Family Vacation Home 

 

 

       1:22 - Intro
       2:07 - The Unfortunate Truth
       2:56 - Communication is Key - What Does Everyone in the Family Want?
       3:48 - Tax Considerations
       5:44 - Use of Trusts to Solidify the Legacy of the Family Vacation Home
       8:39 - What if the Desire to Keep the Family Vacation Home Isn't Unanimous Among the Kids?

July 17th - Financial Planning in a High Inflation, High Interest Rate Environment

 

       1:35 - Initial Thoughts
       2:28 - Keeping Your Money Invested vs. Paying Down a Loan
       3:11 - Using Investments to Pay Down a Loan
       4:07 - Cases to Continue Investing Over Paying Down a Loan
       6:31 - Lump Sum Payment to your Mortgage
       7:11 - How This Economic Environment Could Affect Retirement
       9:39 - Options When it Comes to Retirement Lifestyle Planning

June 5th - Investor Psychology - 5 Cognitive Biases

 

 

       2:51 - Herd Mentality
       4:59 - Anchoring
       6:26 - Restraint Bias
       8:16 - Confirmation Bias
       10:18 - Status Quo Bias

May 23rd - Forest Schools and Alternative Education with Heather Figueiredo

 

       

       1:49 - Intro to Heather Figueiredo
       5:12 - Forest School Background and Philosphy
       8:45 - How Forest Schools Compliment the Traditional Education system
       13:21 - Why Forest Schools Benefit Kids' Character
       17:12 - Inclusivity of Forest Schools Regardless of Learning/Physical Ability
       19:12 - A Typical Day at Cambridge Farm and Forest School - Rain or Shine!
       27:02 - Demand is Growing for Alternative Education by Kids and Parents...
       29:31 - ...and Educators
       35:11 - Alternative Schools - Not Just for the Wealthy
       39:27 - Return on Investment in Your Child's Education
       42:17 - Heather's Final Comment on Nature Schools
 

Cambridge Farm and Forest School Website

Child & Nature Alliance of Canada

April 24th - The First Home Savings Account (FHSA)

     

 

       1:17 - Intro
       1:51 - Who Can open an FHSA?
       2:33 - Contribution Rules and Tax Benefits
       4:24 - Using your FHSA
       5:09 - Comparing the FHSA and the Home Buyer's Plan of the RRSP
       7:58 - Final Thoughts         

March 30th - Ideas to Make the Most of Your Tax Refund

 

 

       1:04 - Intro
       2:50 - Financially Sound Ways to Use Your Refund
       3:01 - 1) Saving and/or Investing
       3:52 - 2) (Probably) New This Year - The First Home Savings Account
       4:24 - 3) Pay Down Nagging Debts
       4:57 - 4) Lump Sum Payment to Your Mortgage
       5:38 - 5) Build an Emergency Fund
       6:32 - 6) Save For Your Child's Education

 

Information on the First Home Savings Account

February 27th - Do I Really Need $1.7 Million Dollars To Retire?

 

 

       1:23 - Intro
       2:40 - Hypothetical Scenario Using Actual Data
       4:31 - Other Important Considerations: Your Home
       5:20 - Other Important Considerations: Pensions
       6:49 - Final Thoughts On Headlines

 

Link to BMO Study

February 6th - How to be a Successful Entrepreneur with Jeffery Potvin

 

       1:58 - Introduction to Jeffery and OPN
       6:47 - The importance of community
       8:40 - Getting through tough times
       13:29 - Finding the right mentor
       18:55 - Nature or Nurture - the entrepreneurial mindset
       23:34 - Raising funds
       30:37 - Jeffery's pearls of wisdom for those wanting to start their own business

 

Jeffery's LinkedIn

OPN (Open People Network) Website

January 20th - Angel Investing 101 with Jeffery Potvin

 

• 1:18 - Introduction to Jeffery and OPN

• 5:54 - Getting involved in Private Equity without being an Accredited Investor

• 12:33 - Due Diligence 101 - Tips on deciding which companies/founders to get behind

• 20:43 - Forming your investment thesis and understanding market patters

• 26:46 - Thoughts on low tech focused companies

• 32:57 - Jeffery's pearls of wisdom for those interested in investing in the start-up space

 

Jeffery's LinkedIn

OPN (Open People Network) Website

 

2022

December 15th, 2022: Gifting - An Early Inheritance

 

• 1:01 - Intro

• 2:29 - Reasons to give a gift

• 5:07 - Benefits to giving a gift

• 6:08 - Potential downfalls of gifting

• 6:15 - 1) Sacrificing comfort in retirement

• 7:13 - 2) Potential legal issues for a child

• 7:37 - 3) Division of property rights

• 7:37 - 3) Division of property rights

• 9:15 - 4) Scenario with multiple children - the Hotchpot Clause

More information on the Hotchpot Clause

September 5th, 2022: Retirement Beyond The Money

• 1:08 - Intro

• 3:20 - Chapters In Retirement

• 5:58 - Cultivating Meaningful Relationships

• 8:52 - Social Supports

• 11:25 - Plan Bs

July 18th, 2022: Financial Planning for Young Adults, Part 4/4 - Real Estate

• 2:04 - Don't be a perpetual renter

• 3:00 - Maximizing benefits of TFSAs and RRSPs for buying a home, The First Time Homebuyer's Plan

• 6:07 - The Registered Home Savings Account

• 7:03 - Considerations to lower your home purchase price

• 8:00 - Downpayments and CMHC Mortgage Insurance

Down Payment Tiers

CMHC Mortgage Insurance Premiums

June 27th, 2022: Financial Planning for Young Adults, Part 3/4 - Investing

• 1:40 - Initial Thoughts

• 2:17 - Roboadvisors

• 2:50 - Make it Automatic

• 5:58 - Ideas around Risk

• 9:36 - RRSPs vs. TFSAs

Compound Interest Calculator

RRSP Tax Refund Calculator

June 13th, 2022: Financial Planning for Young Adults, Part 2/4 - Credit and Debt

• 2:00 - Credit Cards

• 3:39 - Line of credit

• 5:01 - Leveraged Investing

• 5:43 - Good debts vs. bad debts

June 1st, 2022: Financial Planning for Young Adults, Part 1/4 - Budgeting

• 1:47 - Initial Thoughts

• 2:50 - 50-30-20 Rule

• 4:45 - Budgeting Examples

May 9th, 2022: Getting Exposure to the Cryptocurrency Space - How To's and What to Look Out For

• 1:25 - Refresher on what cryptocurrency and blockchain technology is

• 3:46 - Getting exposure to the cryptocurrency asset class

• 5:02 - Exchanges

• 6:03 - Basics of research and use cases

• 8:40 - Wallets

• 10:37 - Taxation of cryptocurrencies in Canada

*Please note this is not an inducement to invest in the cryptocurrency space, but rather only for informational purposes

April 15th, 2022: Business Owner Webinar Series, Part 2 of 2 - Business Succession, Transition, and Estate Planning

• 1:03 - Stefan Sohns, Director, Business Advisory and Succession Planning

• 15:12 - Chris Markou, Director, Estate Planning

April 4th, 2022: Business Owner Webinar Series, Part 1 of 2 - Business Taxation and Insurance Strategies

• 1:09 - Noel Perera, Director, Tax Planning

• 20:49 - Tim Simpson, Senior Estate and Insurance Advisor

If you would like access to the 2 concept sheets on Tim's discussion about two ways of using insurance as a tax strategy, please send Bryndon an email at bryndon.fry@nbpcd.com

March 15th, 2022: Real Estate, How Healthy is the Market, Advice for First Time Homebuyers, and more, with Kristen Schulz

• 1:32 - Introduction to Kristen Schulz and the Luxe Realty Group

• 5:58 - How healthy is the real estate market today?

• 9:39 - Advice for first time homebuyers

• 13:59 - Paying for a full service real estate team vs. using a discount broker

• 21:27 - What do home buyers and sellers put too much focus on when looking to buy or sell a home

• 27:32 - How Kristen finds balance between work life and home life

Instagram: kristenschulzrealtor

Email: info@luxerealtygroup.ca

February 1st, 2022: Holistic Nutrition and Disease Prevention with Shawn Persaud

• 1:17 - Introduction to Shawn and his work

• 2:55 - Difference between whole foods and refined foods and how it affects us

• 8:54 - Genetic determinism - can the food we eat help prevent or reverse disease?

• 24:59 - Supplements vs. getting nutrition solely through whole foods

• 34:43 - What are "Superfoods" and are they worth the hype?

• 40:32 - Affect of antibiotics and hormones, used in processed livestock, on the human body

• 47:01 - Difference between food allergies and food sensitivities

Webite: The Center for Holistic Healthcare and Nutrition Inc.

Instagram: holistic.shawn

Email: info.thechhe@gmail.com

*This episode should not be taken as medical advice and is for informational purposes only

January 3rd, 2022: Financial Literacy for Kids​

• 2:04—4:06 - Ages 3-6

• 4:07—8:20 - Ages 7-10

• 8:21—12:21 - Ages 11-14

• 12:22—16:40 - Ages 15-18

2021

December 13, 2021: 2021 Year End Tax Tips

May 17, 2021: Should I Hire a Financial Advisor?

May 3, 2021: Proper Estate Planning with Andrew Felker, Part 2 - Probate, Power of Attorney, and Joint Ownership

April 19, 2021: Proper Estate Planning with Andrew Felker, Part 1 - Wills

April 1, 2021: Spring Cleaning Your Finances - A Mini-Checklist

March 15, 2021: Frequently Asked Questions about ESG Investing, with Matthew Santoro

March 1, 2021: Responsible Investment and the ESG Framework

February 16, 2021: Bitcoin Explained, with Josh McDougall

February 1, 2021: Retiring Comfortably, with Daniel Fry

January 18, 2021: RRSPs vs. TFSAs

January 1, 2021: 5 Misconceptions of Financial Planning