Mastering Money – Details, episodes & analysis

Are tax evasion and tax fraud the same? How do they impact the lives of Canadians? This episode will discuss the alarming consequences of tax illegal practices and the effective solutions to combat them.

Hear from John Oakey, Chartered Professional Accountants CPA Canada’s VP Tax, on challenges and solutions while dealing with taxing troubles.

Key Takeaways:

• Learn the difference between tax fraud and tax evasion
• Find out more about individual forms of tax evasion
• Learn how tax evasion hurts individual Canadians and businesses.

Additional Resources:

• Reporting suspected tax or benefit cheating in Canada: Overview – Government of Canada
• Report offshore tax cheating: Overview – Government of Canada
• How to report CRB fraud to CRA – CRB Canada
• 2022+ Underground Economy Strategy – Government of Canada
• Tax evasion, understanding the consequences – Government of Canada
• Enforcement notifications: compliance actions – Government of Canada
• Tax blog

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The views expressed by our guests are theirs alone and not necessarily the views of CPA Canada. This is a recorded Podcast. The information presented is current as of the date of recording. New and changing government legislations and programs may have come into effect since the recording date. Please seek additional professional advice or information before acting on any podcast information.

You’ve heard the horror stories in the news: a family leaves for vacation and on their return someone has sold their house out from under them. Or, maybe they find that somebody has applied for a mortgage in their name.

Who can fall victim to fraudulent property sales? In this eye-opening episode, we delve into a world where both lenders and homeowners can unknowingly become victims of deceit.

In this episode, Jennifer Fiddian-Green, Partner, National Advisory Services, Forensics, Grant Thornton LLP, discusses the tactics used by scammers to initiate property fraud and the preventive actions that you can take to safeguard your assets.

Key takeaways:

 Understand the mechanics of fraudulent property sales.

• Learn common tactics used by fraudsters to initiate fraudulent property transfers.
• Learn precautionary actions property owners can take to minimize the risk of property fraud.
• Find out what legal protections and remedies are available to victims of fraudulent property transfers.

Additional Resources:

• Watch Out for Mortgage Fraud – Financial Services Regulatory Authority of Ontario
• Mortgage Fraud: What You Need to Know – CMHC
• Protecting You and Your Money: A Guide to Avoiding Identity Theft and Fraud
• Identity Theft and Fraud – Canadian Anti-Fraud Centre
• Place a Fraud Alert or Active Duty Alert – Equifax®
• Fraud Victims Resources – TransUnion Canada
• FCT – Property Owners – Title Fraud
• How Organized Crime has Mortgaged or Sold at Least 30 GTA Homes Without Owners' Knowledge – CBC News
• Protect Yourself Against Identity Theft – Government of Canada

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The views expressed by our guests are theirs alone and not necessarily the views of CPA Canada. This is a recorded Podcast. The information presented is current as of the date of recording. New and changing government legislations and programs may have come into effect since the recording date. Please seek additional professional advice or information before acting on any podcast information.

Your salary doesn’t paint the entire picture of your compensation. Benefits, flexible work, vacation time and more are all part of the overall package that contributes to your job satisfaction and financial well-being. 

We cover all components of your compensation and talk about how to properly evaluate them to make informed decisions about your career path. 

Join Carolyn Hamer, Deloitte Canada’s National Leader of Workforce Transformation, to know more on how to value benefits beyond just the salary and understand how to negotiate for fair compensation packages that align with your career goals and aspirations. 

Key Takeaways: 

• Learn to evaluate non-monetary benefits of your compensation 
• Learn how different generations evaluate job satisfaction 
• Evaluate how your personal priorities line up with your desired compensation package 

Additional Resources: 

• Canadian banks go on a hiring spree, defying tight labour market  
• Work-life balance preferred over big salaries, CPAs say 
• The Deloitte Global 2023 Gen Z and Millennial Survey 
• 2023 Global human capital trends - Deloitte Insights 
• The Intelligence Revolution - Future-proofing Canada’s workforce 
• "We’re very different": Gen X and Y compare their views on finance 
• Generational wealth: is it harder for young people to get ahead? 

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This season is proudly brought to you by Pivot Magazine.  

The views expressed by our guests are theirs alone and not necessarily the views of CPA Canada. This is a recorded Podcast. The information presented is current as of the date of recording. New and changing government legislations and programs may have come into effect since the recording date. Please seek additional professional advice or information before acting on any podcast information. 

Can you ever prepare for sudden job loss? Maybe not, but you can take steps to future-proof your career and learn to navigate career uncertainties with grace. We talk about the strategies you can take to protect yourself and your career.

Join our expert Pat Romain, The National Practice Leader - Career Transition @Gallagher, to learn more on how to develop a growth mindset, identify transferable skills, and harness the power of continuous learning to stay relevant in a rapidly changing job market. 

Key Takeaways: 

• Networking looks different in the digital age but is still one of the most valuable tools to tap into the hidden job market. 
• AI is here to stay – learn how to work it to your advantage 
• In the case of job loss – learn to assess if your skills have become  redundant, and how you can upskill or utilize your knowledge in another job or industry

Additional Resources: 

• Survive and thrive: Move ahead financially after losing your job 

Download transcript 

This season is proudly brought to you by Pivot Magazine.  

The views expressed by our guests are theirs alone and not necessarily the views of CPA Canada. This is a recorded Podcast. The information presented is current as of the date of recording. New and changing government legislations and programs may have come into effect since the recording date. Please seek additional professional advice or information before acting on any podcast information. 

When it comes to interest rates and inflation in Canada, what is their significance? What are the driving forces causing their fluctuation? And why should you care? We dive into the complexities of interest rates and inflation, exploring their impact on employment, wages, immigration, and mortgages. 

Join David-Alexandre Brassard, CPA Canada’s chief economist since July 2021, in a discussion on interest rates and inflation and their influence on employment and financial planning. Learn more about how to navigate economic forces and ensure your financial stability amidst changing market conditions. 

Key Takeaways: 

• Learn the driving force behind current inflation numbers 
• Is it worth taking a new job during times of economic uncertainty? 
• Learn how your mortgage is affected by inflation – and what you can do about it 
• Learn why Canadian’s spending habits haven’t changed with inflation. 

Resources: 

• Economic optimism climbing despite recession expected this year: CPA Canada Business Monitor (Q2 2023) 
• Debt and inflation data

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This season is proudly brought to you by Pivot Magazine.  

The views expressed by our guests are theirs alone and not necessarily the views of CPA Canada. This is a recorded Podcast. The information presented is current as of the date of recording. New and changing government legislations and programs may have come into effect since the recording date. Please seek additional professional advice or information before acting on any podcast information.   

Join host Doretta Thompson and PIVOT Magazine Associate Publisher, Douglas Dunlop, as they discuss what is upcoming in season 8 of our mastering money podcast. The future of labour is here, are you ready? 

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This season is proudly brought to you by Pivot Magazine. 

Talking about debt can be hard as it can bring up many emotions, including shame, guilt, and despair. But talking about debt is often the first hurdle to master so that one can concentrate on recovery.

We sat down with Jeff Lewis, CPA, CA, FCCA, CIRP, LIT, Senior Vice-President and Partner at BDO Debt Solutions and Chantel Chapman, Co-Founder of The Trauma of Money and Financial Trauma Researcher and Educator, to learn more about the power of talking about debt, owning debt, and focusing on the road forward.

Additional Resources:

• BDO Debt Solutions
• The Trauma of Money

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This episode is part of our podcast focusing on helping listeners manage and better understand debt through strategic planning and purposeful action.   

This season is proudly brought to you by BDO Debt Solutions, helping you turn the page on debt. 

The views expressed by our guests are theirs alone and not necessarily the views of CPA Canada. This is a recorded Podcast. The information presented is current as of the date of recording. New and changing government legislations and programs may have come into effect since the recording date. Please seek additional professional advice or information before acting on any podcast information. 

You’re ready to retire and enter what has been called “the golden years” only to bring an unwelcome guest with you - Debt. This is the sad reality for many entering this stage of life, which is supposed to be about relaxing and freedom after years of hard work. For some, retirement is put on the backburner as they are forced to work longer, lend money to adult children, and get their finances under control.

Hear from Christine Lang, BA(Econ), CPA, CGA, CCS, President and Principal Advisor, LANG Financial Consulting and Wealth Solutions on how debt can impact your retirement and what you can do to move forward so that you can enjoy those golden years.

Additional Resources:

• Financial Advice for All
• Credit Counselling Canada
• CPA Canada Financial Literacy Resources
• Advocis | The Financial Advisors Association of Canada
• Seniors & Debt - A Growing Problem That We Can Help Fix

Download transcript

This episode is part of our podcast focusing on helping listeners manage and better understand debt through strategic planning and purposeful action.   

This season is proudly brought to you by BDO Debt Solutions, helping you turn the page on debt. 

The views expressed by our guests are theirs alone and not necessarily the views of CPA Canada. This is a recorded Podcast. The information presented is current as of the date of recording. New and changing government legislations and programs may have come into effect since the recording date. Please seek additional professional advice or information before acting on any podcast information. 

Have you heard of the term debt trap? Have you, or someone you know, fallen into one or several? If we aren’t careful, it's easy to fall into a debt trap that can seem like a never-ending mountain to climb over.

Join Ilan Kibel, BDO Partner and Senior Vice President, as he explains what a debt trap is, examples of these traps, red flags to look out for and how one can pull themselves out to move forward financially.  

Additional resources:

• BDO Debt Solutions
• How much debt is too much?
• CPA Canada Financial Literacy Resources

Download transcript

This episode is part of our podcast focusing on helping listeners manage and better understand debt through strategic planning and purposeful action.  

This season is proudly brought to you by BDO Debt Solutions, helping you turn the page on debt.

The views expressed by our guests are theirs alone and not necessarily the views of CPA Canada. This is a recorded Podcast. The information presented is current as of the date of recording. New and changing government legislations and programs may have come into effect since the recording date. Please seek additional professional advice or information before acting on any podcast information.

How often do you check your credit score? Do you know all the ways credit, good or bad, can affect you? Your credit score is so much more than a simple three-digit number, and it can follow and weigh you down for years if it gets too low. Understanding how to build and keep a healthy credit score is a key pillar of good personal finance. 

Join Julie Kuzmic, Senior Compliance Officer, Consumer Advocacy at Equifax Canada, as she gives listeners a crash course on building a strong credit score, debunking credit score myths, and of course understanding how debt can affect credit.  

Additional resources: 

• Equifax Canada
• Credit Counselling Canada
• CPA Canada Financial Literacy Resources 

Download Transcipts

This episode is part of our podcast focusing on helping listeners manage and better understand debt through strategic planning and purposeful action.   

This season is proudly brought to you by BDO Debt Solutions, helping you turn the page on debt. 

The views expressed by our guests are theirs alone and not necessarily the views of CPA Canada. This is a recorded Podcast. The information presented is current as of the date of recording. New and changing government legislations and programs may have come into effect since the recording date. Please seek additional professional advice or information before acting on any podcast information.