Investing When the World Feels Like It’s Falling Apart

Never Bring A Hammer To A Screwdriver Job

In this episode of Money Questions, Nate and Matt dig into one of the most hotly debated topics in Canadian personal finance: RRSP vs TFSA. Using the analogy of hammers, drills, and duffel bags of cash, they unpack why these accounts are tools, not solutions — and why the real answer to “Which is better?” is “It depends.” They cover: * The $10,000 thought experiment: A simple side‑by‑side comparison showing that if your tax rate is the same going in and coming out, RRSPs and TFSAs can produce the same outcome. * The “refund trap”: How spending your RRSP refund on oil tanks, vacations, and credit cards undermines the math — and why reinvesting refunds can supercharge long‑term compounding. * Behavioral pitfalls of flexibility: Why TFSAs are so easy to raid for Disney trips and car repairs — and how that can quietly derail retirement plans. * Hidden RRSP superpowers: Using RRSP contributions to boost government benefits like the Canada Child Benefit, and how that changes the math for families. * Estate planning differences: How RRSPs are taxed on death vs how TFSAs can be incredibly estate‑friendly — especially when you use a successor holder designation for a spouse. Grounded in real client stories, actual tax-return data, and decades of planning experience, this episode is about moving past the RRSP vs TFSA tribalism — and choosing the right mix of tools for your income, family, and retirement plan. Chapters: 00:00 – Hammers, drills, and why RRSP vs TFSA is the wrong question 01:45 – TikTok “RRSP scam” takes and emotional reactions to account types 04:30 – RRSP 101: tax deferral, refunds, limits, and withdrawal penalties 08:00 – TFSA 101: after‑tax contributions, tax‑free growth, and flexibility 11:00 – Suitcases and backpacks: RRSPs/TFSAs as containers, not investments 14:45 – The $10,000 example: when RRSP and TFSA math looks identical 17:10 – The refund trap: what really happens to most RRSP refunds 19:30 – TFSA contribution room: growing it, evaporating it, and big wins/losses 21:20 – Flexibility vs discipline: raiding TFSAs and short‑ vs long‑term goals 22:40 – The $60–70K rule of thumb — and why “it depends” is more accurate 24:30 – Canada Child Benefit and other RRSP‑driven government boosts 27:00 – Personal tax‑free amounts, CPP timing, and RRSP withdrawal strategy 31:00 – Death, taxes, and estates: RRSP vs TFSA on your final tax return 33:05 – Successor holder vs beneficiary: a crucial TFSA estate detail 34:20 – Tools, not solutions: why the best plan usually uses both RRSP and TFSA To learn more visit: https://www.evangelinewealth.com/ [https://www.evangelinewealth.com/] DISCLAIMER: The comments contained herein are a general discussion of certain issues intended as general information only and should not be relied upon as tax or legal advice. Please obtain independent professional advice, in the context of your particular circumstances. This presentation was prepared, by Matthew McGowan and Nathan England CFP, for the benefit of Matthew McGowan and Nathan England CFP, Mutual Fund Representative with Evangeline Wealth Management, a registered trade name with Investia Financial Services Inc., and does not necessarily reflect the opinion of Investia Financial Services Inc. The information contained in this presentation comes from sources we believe are reliable, but we cannot guarantee its accuracy or reliability. The opinions expressed are based on an analysis and interpretation dating from the date of publication and are subject to change without notice. Furthermore, they do not constitute an offer or solicitation to buy or sell any securities. Mutual Funds are offered through Investia Financial Services Inc. Commissions, trailing commissions, management fees, and expenses all may be associated with mutual fund investments. Please read the Fund Fact sheet or prospectus before investing. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated.

Investing When the World Feels Like It’s Falling Apart

In this episode of Money Questions, Nate and Matt dig into what it means to invest when the news feels like the world is falling apart — wars, pandemics, political chaos, and all. They tackle the emotional side of money, the hard data on markets, and what real‑life investors should actually do when they’re scared. They cover: * The “ghost of market future” thought experiment: if you knew in January 2020 about COVID, lockdowns, civil unrest, and global turmoil — would you still have invested? * “Am I going to be okay?”: the real question behind clients’ calls when the headlines turn dark — and how advisors answer it. * Why we invest at all: protecting purchasing power from inflation, and why cash under the mattress quietly loses to rising prices. * The Andex chart: zooming out over decades of data, seeing wars, recessions, pandemics, and crises — and why the long‑term line still trends up and to the right. * When (and how) to change your plan: using crises as a wake‑up call if your risk level is truly too high — instead of making all‑or‑nothing, panic‑driven moves. Grounded in real client conversations and decades of market history, this episode is about how to keep investing in a world that never stops throwing curveballs — and how to separate terrifying headlines from your long‑term financial future. Chapters: 00:00 – Setting the stage: pandemics, wars, and scary headlines 01:30 – The “ghost of market future” thought experiment (January 2020) 03:20 – Human toll vs. talking about money during global trauma 05:10 – Why we invest: inflation, purchasing power, and not burying cash 06:20 – Investor profiles: goals, timelines, and risk tolerance in real life 08:00 – “What would you do if your portfolio dropped 20%?” (questionnaires vs reality) 10:00 – The Andex chart: zooming out on decades of crises and returns 12:40 – Betting on humanity: why markets recover (or else money won’t matter) 15:00 – Turmoil as opportunity: Contributions-in-a-crisis insight 16:30 – Diversification, global markets, and staying invested through volatility 18:40 – History of geopolitical shocks and market returns 21:30 – Ten rules for dealing with uncertainty and market timing myths 25:20 – Simplicity vs complexity: why a solid, simple plan often wins 26:50 – “Doing nothing is a decision”: panic, partial changes, and avoiding all-or-nothing moves 28:20 – Crisis as a wake-up call: when it does make sense to adjust risk 29:30 – Closing thoughts: hope, resilience, and focusing on long-term goals To learn more visit: https://www.evangelinewealth.com/ [https://www.evangelinewealth.com/] DISCLAIMER: The comments contained herein are a general discussion of certain issues intended as general information only and should not be relied upon as tax or legal advice. Please obtain independent professional advice, in the context of your particular circumstances. This presentation was prepared, by Matthew McGowan and Nathan England CFP, for the benefit of Matthew McGowan and Nathan England CFP, Mutual Fund Representative with Evangeline Wealth Management, a registered trade name with Investia Financial Services Inc., and does not necessarily reflect the opinion of Investia Financial Services Inc. The information contained in this presentation comes from sources we believe are reliable, but we cannot guarantee its accuracy or reliability. The opinions expressed are based on an analysis and interpretation dating from the date of publication and are subject to change without notice. Furthermore, they do not constitute an offer or solicitation to buy or sell any securities. Mutual Funds are offered through Investia Financial Services Inc. Commissions, trailing commissions, management fees, and expenses all may be associated with mutual fund investments. Please read the Fund Fact sheet or prospectus before investing. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated.

Never Open a Brown Envelope on a Friday

In this episode of Money Questions, Nate and Matt unpack the stress of brown envelopes from the CRA, what’s actually inside them, and how to turn tax season from anxiety‑ridden to manageable. They cover: * Brown envelope anxiety: why CRA mail feels scary and what those letters usually mean. * Tax brackets 101 (Canada): marginal vs. average tax rates, and why earning more doesn’t suddenly make all your income taxed at a higher rate. * Your biggest expense (hint: it’s not your mortgage): how much of your income effectively goes to taxes. * Notices of Assessment: what they actually show, how to find your real tax rate, and why they’re central to financial planning. * Installments & interest: when CRA asks for quarterly payments, what happens if you don’t pay them, and how the interest works. * Self‑employed reality check: paying both sides of CPP, why tax bills shock business owners, and how to avoid falling behind. * TFSA traps: outdated CRA TFSA info, over‑contributions, and the 1%‑per‑month penalty (and how to avoid it). * CRA’s online portal: 10 years of history, RRSP and TFSA room, credits, balances, and how advisors use it to help you. * Refunds as “savings”: why a big tax refund is really an interest‑free loan to the government and why aiming near a $0 refund is usually better. * Staying organized: checklists, digital folders, taking photos of slips, and why showing up with a Sobeys bag of receipts costs you time and money. * Everyday tax planning: RRSPs, employer pensions, medical and childcare expenses, and other deductions/credits that can reduce tax and improve overall financial well‑being. * Grounded in real client stories and practical planning, this conversation is about understanding your tax life so the brown envelope doesn’t control your stress levels. Chapters 0:00 – The brown envelope rule & intro to tax anxiety 0:56 – Canadian tax season timelines (CRA opens, April 30 & June 15) 1:48 – Why people rush to file early (and chase T‑slips) 2:17 – What this episode covers: brown envelopes, CRA portal, and tax stress 3:02 – Tax brackets 101: federal vs. provincial and progressive rates 4:32 – Average tax rate vs. marginal tax rate (jargon alert) 5:40 – Taxes as your largest expense (more than mortgage or car) 6:53 – Clearing up “I don’t want to earn more and hit a higher bracket” 7:48 – Using your Notice of Assessment in real financial planning 9:03 – Brown envelopes from CRA: what actually shows up in the mail 9:46 – Installment reminders: when and why CRA asks for quarterly payments 10:18 – Should you pay installments? Interest risks and “napkin math” 10:53 – Other brown‑envelope items: CPP/OAS updates and reassessments 13:48 – CRA online portal: why Nate strongly recommends signing up 14:33 – Giving advisors access & seeing the same letters together 15:04 – What’s inside the CRA portal: 10‑year history, room, credits, balances 15:57 – TFSA reporting gaps and why CRA’s numbers can mislead you 16:43 – TFSA over‑contribution penalties (1% per month) and delays 17:35 – Why you must track TFSA contributions yourself 17:58 – Filing early to get refunds vs. filing with complete information 18:25 – Using tax refunds as a “savings account” with CRA 19:40 – Why a big refund is an interest‑free loan to the government 20:31 – Targeting a near‑zero refund and better cash‑flow planning 20:56 – Taxes owed when income is earned (especially for self‑employed) 22:02 – CPP shock: paying both employer and employee portions 22:55 – Falling behind on taxes and how CRA collections actually works 23:44 – Garnishments, frozen accounts, and why you must call CRA first 24:15 – When you can’t pay in full: 12‑month plans and full financial disclosure 25:05 – Side hustles, tips, crypto, rental income and tax evasion risks 25:25 – “How do we pay the government less?” (legally) 25:40 – Using RRSPs, pensions, and other tools to reduce taxes 26:18 – Medical, childcare, and other provincial‑specific deductions 27:00 – Staying organized: checklists, folders, cloud storage, and Sobeys bags 28:35 – Why disorganized receipts cost you in fees and time 28:52 – Tax health as part of financial well‑being 29:11 – Year‑end pay stubs and mock tax returns before the RRSP deadline 30:32 – Using RRSP contributions to reduce taxes payable 31:17 – Why Nate secretly likes tax season (for planning data) 32:03 – Why advisors need to see your tax situation 32:19 – Legal and investment disclaimers To learn more visit: https://www.evangelinewealth.com/ [https://www.evangelinewealth.com/] DISCLAIMER: The comments contained herein are a general discussion of certain issues intended as general information only and should not be relied upon as tax or legal advice. Please obtain independent professional advice, in the context of your particular circumstances. This presentation was prepared, by Matthew McGowan and Nathan England CFP, for the benefit of Matthew McGowan and Nathan England CFP, Mutual Fund Representative with Evangeline Wealth Management, a registered trade name with Investia Financial Services Inc., and does not necessarily reflect the opinion of Investia Financial Services Inc. The information contained in this presentation comes from sources we believe are reliable, but we cannot guarantee its accuracy or reliability. The opinions expressed are based on an analysis and interpretation dating from the date of publication and are subject to change without notice. Furthermore, they do not constitute an offer or solicitation to buy or sell any securities. Mutual Funds are offered through Investia Financial Services Inc. Commissions, trailing commissions, management fees, and expenses all may be associated with mutual fund investments. Please read the Fund Fact sheet or prospectus before investing. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated.

Babies

In this episode of Money Questions, Nate (no kids) and Matt (dad of two) break down the real financial impact of having a baby in Canada. They cover: The true cost of raising a child, including the first-year expenses Delivery costs: deductibles, co-pays, hospital rooms, and planning around health insurance. Baby gear on a budget: cribs, car seats, strollers, and the value of buying secondhand. Parental leave & income: EI/parental benefits, employer top-ups, and planning for reduced cash flow. Emergency savings & credit options during that first unpredictable year The rising cost of childcare and how it shapes decisions about where to live and work. Risk management: income protection, disability coverage, life insurance, and wills/guardianship. Long-term planning: prioritizing retirement vs. kids’ activities, and using RESPs and government grants to save for education. Grounded in Matt’s real-life experience and Nate’s planning lens, this conversation gives expecting (and surprised) parents a practical framework to think through money, risk, and long-term goals when a baby enters the picture. To learn more visit: https://www.evangelinewealth.com/ [https://www.evangelinewealth.com/] DISCLAIMER: The comments contained herein are a general discussion of certain issues intended as general information only and should not be relied upon as tax or legal advice. Please obtain independent professional advice, in the context of your particular circumstances. This presentation was prepared, by Matthew McGowan and Nathan England CFP, for the benefit of Matthew McGowan and Nathan England CFP, Mutual Fund Representative with Evangeline Wealth Management, a registered trade name with Investia Financial Services Inc., and does not necessarily reflect the opinion of Investia Financial Services Inc. The information contained in this presentation comes from sources we believe are reliable, but we cannot guarantee its accuracy or reliability. The opinions expressed are based on an analysis and interpretation dating from the date of publication and are subject to change without notice. Furthermore, they do not constitute an offer or solicitation to buy or sell any securities. Mutual Funds are offered through Investia Financial Services Inc. Commissions, trailing commissions, management fees, and expenses all may be associated with mutual fund investments. Please read the Fund Fact sheet or prospectus before investing. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated.

Scams, Schemes & Staying Safe

In this episode, Matt and Nate break down modern financial scams, from romance scams and “Nigerian prince” schemes to Ponzi structures and fake government calls. They share real client stories, explain how criminals exploit fear, greed, and loneliness, and offer practical, step‑by‑step ways to protect yourself and your loved ones. Key Topics Covered 1. Why Financial Scams Are Surging * AI, voice cloning, and deepfakes making scams more convincing * Fraud losses in Canada in 2024 and why many cases go unreported 2. Real‑World Scam Stories * Elderly investor duped via tech-support style scam * Fake computer-compromise warning * Remote access granted, funds moved from RRIF, TFSA, and lines of credit * Classic “send money to unlock a much larger payout” setup * Romance / “Pig Butchering” scam * Elderly man forms online relationship with younger “grad student” * Fake legal documents, estate settlement narrative, and pressure for ~USD 80,000 * How advisors and lawyers spotted the fraud in time 3. Classic & High‑Profile Schemes * Origin of the Ponzi scheme (Charles Ponzi, international reply coupons, “guaranteed” 50–400% returns) * Bernie Madoff as a modern large‑scale Ponzi example * Using new investors’ money to pay old investors until the scheme collapses 4. Modern Variants: Crypto & Social Media Scams * Fake government‑backed crypto opportunities featuring public figures in ads * Guaranteed, above‑market returns used as hooks (e.g., “18% guaranteed” on REITs) 5. Psychology of Scams * Exploiting fear, greed, lust, envy, shame, insecurity * Creating urgency and emotional pressure so people act against their better judgment 6. Red Flags and Prevention Tips * “If it sounds too good to be true, it usually is” * Be wary of: * Guaranteed returns (outside insured bank products / GICs) * Unsolicited calls or emails about taxes, credit cards, deliveries, or “compromised” accounts * Requests to move money “to protect it” or into crypto * Requests for remote access to your computer * Best practices: * Hang up and independently call back using an official number * Use multi‑factor authentication on financial and email accounts * Freeze or lock accounts/credit cards if you suspect compromise * Consider credit monitoring, especially after data breaches * Consult a licensed financial professional before acting on online “opportunities” 7. What To Do If You’re Scammed * Contact the institution where the money is held first * Then contact the local police (non‑emergency line) * Report to the Canadian Anti‑Fraud Centre * Talk with family, trusted friends, or your advisor despite the embarrassment * Use incidents as education for clients and the broader public Key Takeaways * Scams are increasingly sophisticated due to technology and social engineering. * Guarantees, urgency, emotional manipulation, and secrecy are major red flags. * Verification, slowing down, and talking to trusted professionals are your best protection. * Staying vigilant today is critical because scam tools will only get better over time. To learn more visit: https://www.evangelinewealth.com/ [https://www.evangelinewealth.com/] DISCLAIMER: The comments contained herein are a general discussion of certain issues intended as general information only and should not be relied upon as tax or legal advice. Please obtain independent professional advice, in the context of your particular circumstances. This presentation was prepared, by Matthew McGowan and Nathan England CFP, for the benefit of Matthew McGowan and Nathan England CFP, Mutual Fund Representative with Evangeline Wealth Management, a registered trade name with Investia Financial Services Inc., and does not necessarily reflect the opinion of Investia Financial Services Inc. The information contained in this presentation comes from sources we believe are reliable, but we cannot guarantee its accuracy or reliability. The opinions expressed are based on an analysis and interpretation dating from the date of publication and are subject to change without notice. Furthermore, they do not constitute an offer or solicitation to buy or sell any securities. Mutual Funds are offered through Investia Financial Services Inc. Commissions, trailing commissions, management fees, and expenses all may be associated with mutual fund investments. Please read the Fund Fact sheet or prospectus before investing. Mutual funds are not guaranteed, their values change frequently, and past performance may not be repeated.