As Canada–US trade dynamics evolve alongside global instability and rising inflation, they break down how major policy decisions are made and what they mean for Canadians in practical terms. This discussion explores the balance between long-term economic growth and short-term affordability, the role of natural resources and energy in Canada’s future, and how global events, from tariffs to geopolitical conflict, are directly impacting Canadian households.

Drawing on their experience at the highest levels of government, Lisa and Marco offer perspective on how Canada is positioning itself on the global stage, where opportunities lie, and what needs to happen next to drive sustainable growth and stability.

1. Understand how global events, from tariffs to geopolitical conflict, are shaping Canada’s economy and directly impacting your finances
2. Learn how Canada is balancing long-term economic growth with short-term affordability pressures, and what that means for households
3. Gain perspective on how major policy decisions are made at the federal level and how they influence everyday economic outcomes.

Lisa Raitt is a former federal cabinet minister, vice-chair of CIBC Capital Markets and newly appointed member of Prime Minister Mark Carney’s advisory committee on Canada-US economic relations. During her time in government, she held several senior portfolios, including natural resources, labour, and transport, playing a key role in shaping Canada’s economic and regulatory landscape. Today, she brings deep insight into capital markets, business strategy, and public policy, advising clients on navigating complex economic environments.

Marco Mendicino is a former Member of Parliament who served as Minister of Public Safety and Minister of Immigration, Refugees and Citizenship. Most recently, he acted as Prime Minister Mark Carney’s interim chief of staff during a pivotal period in Canada–US relations. With extensive experience in law, public policy, and government leadership, he offers a behind-the-scenes perspective on decision-making at the highest levels.

 ●      CIBC's "Smart Advice" Podcast and Website - Website | Apple Podcast | Spotify

●      Visit CIBC for more Smart Advice

●      The Raitt Stuff - Podcast

If you did, be sure to subscribe and share it with your friends!

Post a review and share it! If you enjoyed tuning in, leave us a review. You can also send this to your friends and family.

Hosted on Acast. See acast.com/privacy for more information.

Hosted on Acast. See acast.com/privacy for more information.

1. Understand the rise of alternative investments and why public markets are no longer the full picture.
2. Learn how private equity, private credit, and real assets can enhance diversification and hedge against inflation.
3. Gain clarity on how everyday investors can access and implement alternatives in traditional portfolios.

• Alternative investments enter the mainstream
• CIBC's "Smart Advice" Podcast and Website - Website | Apple Podcast | Spotify
• Visit CIBC for more Smart Advice
• Meric Koksal: LinkedIn

• Traditional investment strategies may no longer be enough for long-term growth.
   
• The public markets are shrinking, and fewer companies are going public.
   
• With over 20 years of global experience, Meric Koksal explains how alternatives like private equity, private credit, and real assets are gaining popularity among Canadian investors.

[03:20] Meric: “With the public markets shrinking and companies staying private longer, it really fueled the growth of these alternative investments or another way to talk about it is the private investments.”

• Private equity includes investments like growth equity and venture capital, giving investors ownership in private companies.
   
• Private credit is non-bank lending, where funds lend directly to private businesses.
   

[05:02] Meric: “Private credit, which we hear a lot about, and it's arguably the fastest growing pillar within alternatives … for instance, a fund manager may be lending money to a soccer team to support a stadium construction.”

• Real assets are physical assets like infrastructure and natural resources that provide investment opportunities.
   
• Meric highlights these alternatives as key pillars in today’s investment landscape, especially in Canada.
   

[7:03] Carissa: “I found it surprising that 90% of companies are privately held. They're not listed on public markets. As you mentioned, public markets are just like a sliver of the pie, and it seems like we're missing out on that broader universe.”

• Private investments often offers higher returns due to lower liquidity compared to public markets.
   
• These investments provide unique opportunities not available in public markets.
   
• Private equity has a low correlation to public markets, making it a strong diversification tool.
   

[11:16] Meric: “In a nutshell, these product alternatives provide great benefits to clients from higher income potential, higher return potential, without introducing any additional risk portfolio while you're providing some inflation hedging.”

• Many investors still think alternative investments are too complex or opaque.

[13:01] Meric: “What used to be, you need to have a $5 million investment to even start talking about these investments is now accessible for as little as $25,000.”

• Monthly asset valuations and detailed reporting have made alternatives more transparent.
   
• Quarterly liquidity options are available, but these remain long-term investments.
   

• Meric proposes a 50/30/20 framework: 50% equities, 30% fixed income, and 20% alternatives.
   
• Replacing some equity and fixed income allocations with alternatives increases diversification and yield.
   
• Private equity can replace public equity, while private credit and real assets can replace fixed income.
   
• Infrastructure investments offer both growth and steady income within the real assets pillar.
   

• Financial advisors play a key role in educating clients about the value of alternative investments.
   
• Advisors can help clients understand how alternatives can provide higher returns and diversification.
   
• With intergenerational wealth transfer occurring, long-term financial goals and risk profiles should be considered.
   
• Advisors are essential in guiding clients through the complexities of integrating alternatives into their portfolios.
   

• Meric discusses how CIBC Asset Management is making alternative investments more accessible to Canadians.
   
• CIBC leverages expertise across the firm, from private credit to commercial banking, to offer innovative solutions.
   
• The firm is committed to helping individual investors navigate alternatives with confidence.
   
• Meric highlights CIBC’s focus on building tailored investment strategies that meet clients’ evolving needs.
   

• Meric encourages listeners to explore alternatives to diversify and strengthen their portfolios.
   
• Alternative investments offer higher returns and greater stability, especially during market volatility.
   
• Staying informed and working with trusted advisors is crucial as the landscape of alternatives evolves.
   
• With increased accessibility, the future of alternative investments in Canada looks promising.

Meric Koksal is the Managing Director and Head of Product at CIBC Asset Management. She leads the firm’s efforts to make alternative investments more accessible to Canadian investors. With over 20 years of global investing experience, Meric has worked on trading desks from Wall Street to Singapore, bringing a broad, world-class perspective to the investment space.

She is an expert in driving innovation within investment strategies, focusing particularly on alternative assets like private equity, private credit, and real assets. Her deep knowledge of these asset classes helps Canadian investors navigate today’s evolving market landscape. Passionate about increasing accessibility to alternative investments, Meric is dedicated to providing practical solutions for individuals looking to diversify their portfolios and achieve long-term financial goals.

Connect with Meric Koksal on her LinkedIn.

If you did, be sure to subscribe and share it with your friends!

Post a review and share it! If you enjoyed tuning in, leave us a review. You can also send this with your friends and family. The investment landscape may be shifting, but your approach doesn’t have to be. Discover how alternative investments can help you diversify and stay resilient, even in uncertain times.

Have any questions? You can connect with me on LinkedIn or through CIBC’s Facebook, or Instagram.

Thanks for tuning in! For more updates, visit our website. You can also listen to more amazing episodes on Spotify or Apple Podcasts.

Hosted on Acast. See acast.com/privacy for more information.

Has the current economic landscape led you to revisit your goals or adjust your journey to achieving them? If so, you’re not alone. 

In this episode of Smart Advice, Carissa Lucreziano is joined by Sean Simpson, Senior Vice President of Public Affairs at Ipsos, to unpack the findings of the inaugural CIBC Ambitions Index. Together, they explore how Canadians are reshaping their goals with a focus on balancing health, financial stability, and personal relationships. From Gen Z's short-term wins to Boomers' focus on preserving wealth, the conversation dives into generational differences, economic challenges, and the resilience driving Canadians forward. 

Learn how clear goals, professional guidance, and celebrating milestones can help you achieve success in today’s complex environment. This discussion offers valuable insights for anyone looking to reshape and achieve their ambitions.

1. Learn how Canadians are reshaping their goals and priorities in the face of economic uncertainty 
2. Gain a deeper understanding of how ambitions differ across generations  
3. Discover actionable strategies Canadians are using to achieve their goals

Resources

• CIBC's "Smart Advice" Podcast and Website
• Visit CIBC for more Smart Advice
• CIBC Ambitions Index
• Ipsos

• Each generation has different financial goals; Gen Z’s bold dreams, Gen X’s balancing act, and Boomers’ retirement plans reflect how they meet economic shifts.
• The CIBC Ambitions Index, a groundbreaking inaugural study, reveals what drives these goals and the challenges holding people back.
• Senior Vice President of Public Affairs at Ipsos, Sean Simpson, joins us to unpack these insights, offering a clear lens on Canadians’ financial and personal priorities.

• The CIBC Ambitions Index, a comprehensive study, maps the goals, challenges, and shifting ambitions of Canadians.
• Health and wellness top the list, with 57% prioritizing a healthy lifestyle, while 85% focus on financial stability to secure their future.
• Personal relationships also matter deeply, as 49% emphasize building strong connections with family and friends.
• This balanced approach reflects a post-pandemic reset, where Canadians spread their energy across multiple domains rather than fixating solely on career or wealth.

[04:29] Sean Simpson: “We can see through health, through finance and relationships that Canadians are really striving for a balanced approach, not putting all their attention on their career, not putting all their attention on health, but spreading their goals across many different ambitions.”

• Despite rising costs and economic uncertainty, 68% of Canadians remain steadfast in pursuing their goals.
• Strategic task prioritization and effective time management fuel this resilience, keeping progress on track.
• Celebrating small milestones proves crucial, with those who regularly review and acknowledge achievements showing greater motivation.
• Optimism prevails, as 61% feel confident about future successes, demonstrating a collective ability to navigate headwinds with purpose.

• Carissa and Sean discuss the generational differences in ambitions, with Gen Z being the most ambitious and optimistic.

[09:05] Sean Simpson: “Gen Z is, while focused on the long term, I think has put a little bit more focus on almost bite sized ambitions or shorter term ambitions where they're able to recognize their progress and build on that.”

• Millennials prioritize saving for a home and spending quality time with family, while Gen X focuses on financial stability and retirement.
• Boomers aim to preserve their wealth and maintain financial independence without relying on their children.

• Economic challenges, dubbed a "poly crisis," steer Canadians toward short-term goals, aiming to focus on the most urgent concerns.
• Soaring housing costs, high inflation, and elevated interest rates push 61% to focus on immediate needs like debt repayment and emergency funds.
• Long-term goals, such as retirement savings, often take a backseat as time-sensitive financial demands pile up.

[12:55] Sean Simpson: “Everybody realizes that if you don't put that away now, you're going to struggle later in life. Absolutely. But some may not be able to afford to do that right now.”

• Affordability constraints force a practical mindset, and Canadians are adapting to live in the now while still eyeing future stability.

• Financial independence takes unique forms across generations, shaped by distinct hurdles.
• For Gen Z, it means covering tuition or living without roommates, while Millennials strive for homeownership and stable budgets.
• Gen X focuses on building nest eggs to retire comfortably, avoiding work into later years.
• Boomers prioritize preserving wealth to remain self-sufficient, with mental health emerging as a key barrier for Gen Z, intertwining emotional and financial well-being.

• Financial advisors serve as vital partners in turning ambitions into reality, with 60% of successful Canadians leveraging their resources.
• Strategic planning support helps set and prioritize goals, while skills development tools enhance financial literacy.
• Networking and guidance from banks strengthen support systems, fostering resilience.

[20:08] Sean Simpson: “Canadians who are successfully advancing their ambitions are more inclined to utilize their bank as a resource for achieving their goals, with a usage rate of 60% compared to only 49% among those who aren't.”

• Traditional financial assistance, like investment and tax planning can help Canadians progress toward their financial goals.

• Current economic uncertainties, from tariffs to market volatility, mark a unique moment, yet hope persists.

[23:35] Sean Simpson: “I think Canadians will make even more progress on their ambitions than they have in the last year, which has no doubt been challenging, but rewarding at the same time.”

• As challenges like job anxiety and inflation ease, we may see greater progress toward ambitions.
• 68% of surveyed Canadians feel that they are advancing toward their goals, setting the foundation for bolder aspirations.
• With reduced uncertainty, the pendulum may swing back toward long-term planning, inspiring new ambitions and sustained optimism.

Sean Simpson is the Senior Vice President of Public Affairs at Ipsos, with over 15 years of expertise in public opinion polling, reputation management, and social trends research. Specializing in understanding Canadian behavior, Sean leads Ipsos’ public affairs research, providing insights into financial independence, political behavior, and consumer confidence. His work, including the CIBC Ambitions Index, empowers organizations and individuals to navigate economic and social challenges with data-driven strategies.

A trusted media spokesperson, Sean regularly appears on Global News, CTV and CP24, translating complex data into actionable insights. Passionate about education, he teaches survey design at the Laurier Summer Institute for Research Methods, helping professionals and policymakers make informed decisions in a rapidly changing world.

Connect with Sean Simpson on LinkedIn.

If you did, be sure to subscribe and share it with your friends!

Post a review and share it! If you enjoyed tuning in, leave us a review. You can also send this with your friends and family. A third of the way into 2025, we’re seeing new financial challenges crop up. But similarly, Canadians are rising to meet them. Financial stability and independence are realistic, achievable goals that we can reach once we use all the tools available to us.

Have any questions? You can connect with me on LinkedIn or through CIBC’s Facebook, or Instagram.

Thanks for tuning in! For more updates, visit our website. You can also listen to more amazing episodes on Spotify or Apple Podcasts.

Hosted on Acast. See acast.com/privacy for more information.

Market volatility isn’t new, but over the past year it has intensified due to tariff tensions, unpredictable interest rates, and persistent inflation, leaving investors to navigate contradictory and confusing economic signals. This raises a critical question for investors: how can you make wise decisions when news cycles outpace policy changes and traditional indicators seem  unreliable?

In this episode of Smart Advice, host Carissa Lucreziano welcomes back David Wong, Chief Investment Officer and Head of Total Investment Solutions at CIBC Global Asset Management. With decades of experience guiding investors through economic storms, David brings clarity to a chaotic moment. He breaks down what’s really happening with Canadian and global markets, discusses the potential for recession amid tariff uncertainties, and highlights the evolving roles of fixed income, gold, and alternatives in a diversified portfolio. Additionally, David also explores the impact of artificial intelligence as a future growth driver and its potential implications for investment strategies. He emphasizes the importance of staying invested during turbulent times and offers insights into low-volatility equity strategies as a practical approach to managing risk.

This episode provides a strategic perspective on investing, offering practical insights on managing risk and refining your investment strategy amidst the noise of the headlines.

1. Understand how global tariff tensions and inflation are shaping Canadian markets—and what that means for your investment strategy.
2. Discover effective strategies for building a resilient, diversified portfolio that can weather short-term volatility without sacrificing long-term growth.
3. Explore the influence of artificial intelligence and alternative investments on market trends and your investment approach.

• CIBC's "Smart Advice" Podcast and Website
• Visit CAM Investment insights for timely expert insights and research 
• Visit CIBC for more Smart Advice
• Chicago Mercantile Exchange FedWatch Tool

• McKinsey Study on AI Adoption
• Goldman Sachs Forecast on AI Impact

• Market turbulence in 2025 means Canadians need to adapt their investment strategy.
• David Wong describes the current market in one word: “challenged”.

[02:41] David: “More than anything, the uncertainty surrounding where tariffs will ultimately settle is creating challenges on planning for investments from businesses and big ticket purchases from consumers.”

• He outlines the major factors distorting traditional economic indicators—particularly tariffs—and explains how these distortions complicate policy decisions.
• As uncertainty continues to cloud the outlook, the importance of adaptable, long-term strategies becomes even more apparent.

• Two possible economic scenarios are in the Bank of Canada’s latest monetary policy report—one involving tariff resolution, and the other pointing toward global trade conflict.
• Interest rate expectations in the U.S. have shifted; markets are now pushing back rate cut forecasts due to persistent inflation.
• In Canada, rising unemployment and stubborn core inflation have increased the risk of recession, adding more weight to central bank decisions.
• Rather than react to every policy shift, a better investment strategy may be to build diversified portfolios that reflect multiple possible outcomes.

[09:07] Volatility and market reactions

• Market movements in April reflect just how reactive investors have become to tariff-related headlines, swinging sharply with each new development.
• David emphasizes that inflation remains a key concern—one that hasn’t been resolved post-COVID and could be exacerbated by global trade tensions.
• In times like these, staying invested and resisting panic is more valuable than ever, especially for those with a long investment horizon.
• Low-volatility equity strategies are suggested as a practical way to stay the course while addressing investor concerns around risk.

[13:08] Investment allocation and diversification

• Carissa raises the question of whether investors should stay Canada-focused or explore U.S. and international markets for growth.
• David explains that while U.S. exposure has historically delivered strong returns, overconcentration can pose risks—especially in uncertain times.
• Artificial intelligence is flagged as a future growth driver with long-term potential. However, it likely will not make a significant impact for several years.
• Diversification across regions, sectors, and asset types—including gold and fixed income—is presented as a foundational strategy for resilience.

[20:33] Risk management and investment approach

• Risk isn’t just about volatility, it’s about understanding what drives market changes and how to prepare for them.

[21:06] David: “Reward and risk are related concepts, and you simply can't get reward without taking some level of risk.”

• David introduces CIBC’s Managed Solutions framework, built on three pillars: purpose, structure, and fulfillment.
• By focusing on fundamental diversification, his team aims to deliver consistent value even in unpredictable market conditions.
• Balancing short-term noise with long-term discipline remains key, especially as markets send mixed signals on a daily basis.

[26:07] Final thoughts and investment framework

• David urges listeners to develop a clear investment framework aligned with their financial goals.
• He reinforces that earnings growth and bond yields—not daily headlines—are the real engines of long-term returns.

[26:49] David: “The fear of missing out can be just as dangerous as overreacting to negative news. It's the Scylla and Charybdis of investing.”

• It’s critical to contextualize media-driven fear and avoid impulsive decisions; overcorrecting due to media can severely damage a portfolio.
• Canadians can confidently navigate market uncertainty, but have to remain disciplined while diversifying their portfolios and utilizing expert insight.

David is responsible for CIBC Global Asset Management’s managed solutions investment process and portfolio management. His Total Investment Solutions team helps to determine the asset allocations and the construction of portfolios, researches, evaluates, and helps select the managers, and monitors the investments of the firm’s roughly $80 billion managed solutions programs. The team is also responsible for trading execution, beta management, and performance and risk oversight across all of CIBC Global Asset Management. In addition, David is a member of the CIBC Family Office’s Leadership Team and provides institutional asset allocation advice to ultra-high net worth individuals and families.

David joined CIBC Global Asset Management in July 2011, and served as Managing Director, Investment Management Research (IMR) until June 2021. David has more than 26 years of industry experience in New York and Toronto.

Connect with David Wong on his LinkedIn.

If you did, be sure to subscribe and share it with your friends!

Post a review and share it! If you enjoyed tuning in, leave us a review. You can also send this with your friends and family. The economy may be unpredictable, but your investment strategy doesn’t have to be. Equip yourself with timeless strategies that work, even when the markets don’t.

Have any questions? You can connect with me on LinkedIn or through CIBC’s Facebook, or Instagram.

Thanks for tuning in! For more updates, visit our website. You can also listen to more amazing episodes on Spotify or Apple Podcasts.

Hosted on Acast. See acast.com/privacy for more information.

For many Canadians, real estate is a deeply personal milestone. It’s an investment in the future, and often a building block for wealth. But as we look ahead, a new reality is taking shape. With mortgage renewals on the horizon, economic uncertainty and real estate markets showing varied performance across the provinces, homeowners and buyers alike are facing more complex decisions than ever. Is now the time to look into an investment property, buy, sell or renovate?

In this episode of Smart Advice, host Carissa Lucreziano sits down with real estate investment expert, entrepreneur, and television host Scott McGillivray. Known for empowering Canadians through shows like Vacation House Rules and Renovation Resort, Scott brings sharp insight to a timely conversation. Together they explore what’s happening in the 2025 real estate market—from pre-construction drawbacks and cash-flow-positive regions to renovation trends and hidden equity opportunities. Scott's refreshingly candid advice offers both caution and optimism to those looking to make their next move in today’s unpredictable environment.

This episode gives you actionable insights to make smarter financial decisions and seize the real estate opportunity others may miss.

1. Understand where Canada’s real estate opportunities are strongest in 2025
2. Learn which renovations offer the highest ROI and how to capitalize on timing and costs.
3. Reflect on how building the right financial team can help you make strategic real estate moves.

• CIBC's "Smart Advice" Podcast and Website - Website | Apple Podcast | Spotify
• Visit CIBC for more Smart Advice
• How to navigate the housing market in 2025 with confidence
• Vacation House Rules | Website: HGTV Canada - Vacation House Rules
• Renovation Resort | Website: Renovation Resort Show

• The Canadian real estate market is shifting due to political and global changes, so investment strategies will also be in flux.
• Scott McGillivray joins the conversation, highlighting the mixed confidence in the market and the impact of economic uncertainty on mortgage renewals.
• The delayed spring market and regional differences in real estate trends make for an interesting environment in which to look for an investment property.
• However, there are still many opportunities in the current market, particularly for first-time home buyers and those looking to upgrade or renovate.

• The condo market may be stagnating, while condo developers also face multiple challenges.
• New and existing condo markets are not the same; the market is dynamic and affected by changing rates, rules, pricing, immigration, and even government.
• Existing inventory may perform better in the next few years due to the lack of investor incentives and high development costs.
• Government policies have the potential to stimulate the condo market, including reducing development fees and taxes on new construction.

• Scott marks Alberta, Saskatchewan, Manitoba, New Brunswick, and Newfoundland as provinces for investors looking for cash flow.
• For equity investors, Ontario, British Columbia, and Quebec may be provinces where an equity investor might look for an investment property.

[11:41] Scott: “Your ticket to getting good deals right now — as long as you know what a good deal really looks like, that doesn't mean just go buy it — but Ontario, British Columbia, Quebec, those are the provinces right now where you see the opportunity.”

• It’s not enough to have an investment property in these locations; equally critical is understanding the local market and working with professionals.
• Chasing opportunities tends to be a losing game; Canadians need financial education and preparation to seize opportunities when they arise.

• Carissa introduces the topic of renovations for an investment property, noting that 50% of Canadians are either planning or completing renovations according to a 2024 CIBC homeownership poll.
• Scott advises focusing on small to medium renovations with the best return on investment, such as upgrading fixtures, flooring, and paint.
• Scott highlights the importance of predictability in renovations, especially with the potential for increased costs on appliances and materials.
• Scott suggests having a safety net and working with financial professionals to manage costs and ensure long-term renovation success.

• Accessibility is the top trend in real estate, particularly due to the significant influence of baby boomers on the real estate market.
• Equally important is being able to enjoy your home. For example, a gym or pool might not generate income, but it may make your home more enjoyable for you, the owner.
• There is a balance to be struck between resale value and personal enjoyment of renovations.
• However, when it comes to a return on investment, Scott advises running the numbers to ensure profitability.

• Scott advises starting now and positioning oneself to take advantage of opportunities, especially while others are in a state of decision paralysis.

[25:42] Scott: “Trying to chase opportunities in real estate is a fool's game. Putting yourself in the path of progress is strategic. So when everyone else is doing nothing, that's the best time to do something.”

• A critical act to take is to surround yourself with the right people and be strategic in real estate investments.
• Preparation, understanding the numbers, and working with the right team are what helps people find a workable investment property to achieve their real estate goals.

Scott McGillivray is one of Canada’s most trusted voices in real estate, known for turning properties into powerful wealth-building tools. As the host of HGTV’s Vacation House Rules and Renovation Resort, he brings over 20 years of experience in property investment, construction, and market analysis. Through hundreds of income-generating properties across Canada, Scott has mastered the art of strategic renovations and resilient investing.

Today, he helps Canadians navigate complex housing decisions with a clear, practical approach grounded in data and experience. Whether the market is cooling or heating up, Scott equips homeowners and investors with the tools to act confidently and build long-term value.

Connect with Scott McGillivray on his LinkedIn and website.

If you did, be sure to subscribe and share it with your friends!

Post a review and share it! If you enjoyed tuning in, leave us a review. You can also send this with your friends and family. Step out of the chaos of the ever-changing real estate market and find your next investment property. Arm yourself with knowledge, build a strong support system, and embrace the next phase of your real estate journey with confidence.

Have any questions? You can connect with me on LinkedIn or through CIBC’s Facebook, Twitter, or Instagram.

Thanks for tuning in! For more updates, visit our website. You can also listen to more amazing episodes on Spotify or Apple Podcasts.

Hosted on Acast. See acast.com/privacy for more information.

In this episode of Smart Advice, Carissa Lucreziano sits down with the Honourable Lisa Raitt, former federal cabinet minister and current Vice Chair of CIBC Capital Markets, to navigate the complex interplay of politics, economics, and markets. With insight shaped by decades of experience in government and now in the financial services sector, Lisa cuts through the noise to reflect on what matters most: Canada's sovereignty, strategy, and resilience in a rapidly changing global landscape.

Be equipped with insights to make sense of volatility, understand the tools available to weather potential changes in US-Canada relations, and learn where smart money might be headed next. This episode is for every Canadian asking how to turn economic uncertainty into actionable opportunity.

1. Learn how political shifts, including Canada's new leadership, could reshape economic priorities at home and abroad.
2. Understand the long-term implications of Donald Trump's return to the global stage and how Canada must prepare for potential changes in US-Canada relations.
3. Gain clarity on growth opportunities in sectors like power generation, manufacturing, and national defence.

• CIBC's "Smart Advice" Podcast and Website - Website | Apple Podcast | Spotify
• The Raitt Stuff
• Visit CIBC for more Smart Advice, including a recent piece on ‘Navigating uncertainty and market volatility’

• Lisa Raitt is introduced as a former cabinet minister in natural resources, labor, and transportation, now serving as Vice Chair at CIBC Capital Markets.
• Canadians today face rising global tensions, inflationary pressures, and heightened political transitions which are reshaping economic expectations and policies.
• Lisa shares her optimism over the clarity offered by Canada’s newly elected Prime Minister, Liberal leader Mark Carney, noting the stability—even in a minority government.
• The current US-Canada relations may shift with Prime Minister Carney’s approach, but Lisa warns against overconfidence.
• Trade negotiations require more than charisma—leaders must find practical ways to provide the U.S. with a political “win” while protecting Canadian interests.

• Lisa outlines how economic nationalism, especially in the US, has led to the weaponization of tariffs and elevated supply chain threats.
• Canada’s dependence on US trade is now seen as both a strength and a potential vulnerability—prompting calls for increased self-reliance.
• She advocates for doubling down on sectors where Canada already has a comparative advantage: energy, agriculture, mining, and forestry.

[08:48] Lisa: “What has happened in the time of Trump is we realize that you can't continue on just accepting the United States growth as the growth that we're going to get; that we actually have to do some work ourselves”

• Government must play a dual role—advocating for global trade fairness while supporting long-term investment in domestic capacity and infrastructure.

• Unlike previous leaders, Trump’s economic policy direction is guided less by data and more by ideology, particularly focused on ‘Made in America’ mandates.
• Lisa emphasizes that traditional counter-arguments (e.g., logic, economic impact) often fall flat with the Trump administration.
• Trump is unapologetically focused on rebuilding American manufacturing—painful or not—for the long-term benefit of US jobs and industrial strength.
• Canadian leaders and citizens must stop assuming rational policy shifts or midterm electoral changes in the US will automatically solve trade tensions.

• Despite controversial rhetoric, some of Trump’s policies—bringing semiconductor production back, advancing nuclear energy—could deliver strategic benefit.
• The concern lies in whether these wins are drowned out by large-scale costs: fractured alliances, damaged supply chains, and fragile diplomacy.

[13:42] Lisa: “When you're presented with a dog's breakfast of tons of different policies, some of them are going to be good. The question, though, is whether or not the overall policy direction is such that it kind of takes away all the wins because the losses are so massive.”

• Canada’s response needs to be realistic, grounded in its own capabilities and long-term values rather than reactive politics.

• Lisa strongly believes in Canadian sovereignty, rejecting the suggestion that Canada could—or should—become the 51st US state.
• She suggests that the idea may stem from a desire for closer cooperation, but realizing that idea must not come at the cost of Canada’s national identity or self-determination.
• However, it may be beneficial to push for stronger strategic collaboration in areas like North American defence, transportation infrastructure, and trade logistics.
• According to Lisa, Canada and many other NATO states have neglected their roles in national defence, often relying on U.S. military spending.

• Lisa identifies power generation as the backbone of future economic infrastructure—no longer just a policy option but a necessity.
• Energy constraints are already impacting provincial decisions, signalling  long-term opportunities for investors.
• Lisa urges Canadian investors to continue trusting expert advisors—and to anchor their portfolios to well-researched macro insights.
• Branching into sectors like energy, resource extraction, and clean technology offers more stability in an uncertain political environment.
• Watching how the Carney government navigates energy pipeline development will be crucial; investors should blend pragmatic strategy with public policy foresight.

• Lisa remains hopeful yet cautious about the government’s ability to deliver meaningful results in the next four years.
• The speech from the throne will be telling as to whether there’s a break from past policy gridlocks toward more resilient, future-focused legislation.
• Maintaining stable US-Canada relations involves more than policy; we have to remember to distinguish between governments and people.
• The thickening of the U.S.-Canada border is another sad consequence of political tension, and efforts must be made to restore trust and open channels.

Lisa Raitt is the Vice Chair at CIBC Capital Markets, bringing decades of experience in navigating economic and political landscapes. A former Canadian federal cabinet minister, she held key portfolios including Natural Resources, Labour, and Transport, steering policy through complex economic shifts. Known for her pragmatic approach, Lisa now applies her expertise to the financial sector, offering strategic insights on global trade, economic resilience, and market trends.

As host of The Raitt Stuff podcast, she delivers candid, impactful discussions on economic issues affecting Canadians and global markets. A trusted voice in policy and finance, Lisa combines political acumen with economic foresight, empowering individuals and businesses to thrive in an evolving world.

Connect with Lisa Raitt on LinkedIn.

If you did, be sure to subscribe and share it with your friends!

Post a review and share it! If you enjoyed tuning in, leave us a review. You can also send this with your friends and family. Step out of the chaos of modern life and into clarity. Learn how to take informed steps forward, understand the impact of shifting policies, and secure a financially sound future amidst shifting U.S.-Canada relations.

Have any questions? You can connect with me on LinkedIn or through CIBC’s Facebook, Twitter, or Instagram.

Thanks for tuning in! For more updates, visit our website. You can also listen to more amazing episodes on Spotify or Apple Podcasts.

Hosted on Acast. See acast.com/privacy for more information.

Hosted on Acast. See acast.com/privacy for more information.

Women’s financial journeys are shaped by unique milestones and challenges ranging from navigating career transitions to planning for retirement. In this special edition of Smart Advice, we break down the results of a groundbreaking Women of Influence+ survey conducted in collaboration with CIBC, on Women, Money, and Wealth

This episode offers expert guidance and practical tools to help you navigate your financial journey. 

You won’t want to miss this roundtable discussion featuring CIBC financial advice expert Carissa Lucreziano, Dr. Rumeet Billan, CEO of Women of Influence+ and Margaret Adaniel, Vice President of Wealth Digital, Marketing and Communications at CIBC. 

1. Understand the benefits of working with an advisor to help you manage finances during major life transitions.
2. Discover strategies to build financial wealth with budgeting, goal setting and regular investing.
3. Learn how to protect yourself and your loved ones with an estate plan.

• Canadian Perspectives: Women, Money and Wealth Survey
• Willing Wisdom by Thomas William Deans 
• Wealth planning for women: Why do I need a prenup?
• CIBC's "Smart Advice" Podcast and Website - Website | Apple Podcast

• Over the years, women have increasingly grown their influence in Canada's economy.
• Carissa highlights a study by Women of Influence+ and CIBC
• It revealed that 68% of women feel in control of their finances while 42% are concerned about long-term security.
• The study shows that major life events, such as retirement and marriage, often prompt women to seek financial advice.

• Retirement and other life transitions play a huge role in women’s finances. It’s also important to see retirement as a journey, not a destination.

[3:33] Margaret: “Retirement is not a point of arrival… It's actually a journey within itself”

• Women face increased financial responsibility. In particular, this involves balancing work and family, leading to evolving financial needs.
• Understanding your current financial situation, budgeting, and setting future goals are foundational steps for building financial resilience.
• Building an emergency fund and investing in long-term wealth, despite market complexities, is crucial in the modern era.

• All business plans include market research, business model, marketing strategy, and cost analysis.
• It’s vital to keep personal and business accounts separate to simplify balancing your finances.
• It helps to automate bill payments, as missing a payment can harm your credit score and make financing your business more difficult.
• Digital resources like BDC and Zen Business can make it much easier to start a business, even if you are early in your financial journey.
• Carissa emphasizes the value of working with a trusted business advisor to navigate the early stages of entrepreneurship.

• Communication is key in both new and second marriages, starting with full disclosure of financial obligations and establishing clear money management practices. 

[19:42] Carissa: “In any relationship, first marriage or partnership or second communication is key. That is the foundation.”

• Carissa recommends cohabitation agreements or prenups to outline financial responsibilities and protect individual interests.
• Define what is "yours, mine, and ours" clearly in financial arrangements, particularly in second marriages. Doing so prevents misunderstandings and fosters transparency.
• Financial disagreements are a common source of conflict in relationships and highlight the value of open communication to build a strong financial foundation.

• Estate planning is more than just legal documents. Women need to organize details like family contacts and personal wishes.

[25:18] Margaret: “We think about it [estate planning] in the legal document terms, not the emotional side of the conversation. It's both. It really is both of those and we have to balance them out.

• Families are encouraged to discuss emotional aspects of estate planning, such as deciding who will care for pets or how assets will be distributed.
• The book Willing Wisdom is recommended for reframing your financial journey with thoughtful questions about values and personal priorities.
• Digital platforms like Willful are suggested as affordable and accessible tools to start or update wills and legal documents, making the process easier to navigate.

• 50% of Canadians lack a will. Starting this process is crucial for protecting assets and ensuring they are passed down as intended

[27:55] Carissa: “You've worked a good portion of your life, working so hard to accumulate these assets… You want to be able to protect that, and you want to be able to preserve as much as possible to go to the next generation ”

• Begin open, age-appropriate discussions about estate planning, focusing on values, beliefs, and priorities rather than just financial details.
• Use investments strategically to equalize estates when multiple assets are involved, such as a family cottage and investment accounts.
• For example, compensate one child who inherits a family cottage with an investment account to ensure fairness and reduce disputes.
• Estate planning that incorporates investments can reduce stress, and preserve family harmony.

• Carissa recommends consulting a financial advisor about your available options for managing your 401(k) accounts during layoffs.
• Margaret and Carissa discuss the benefits of life insurance in estate planning, highlighting its flexibility in offsetting estate imbalances and covering debts.
• Young women should start their financial journey early. 
• It’s more important than anything else to just start budgeting and investing.

• Carissa emphasizes the importance of understanding your financial situation while also developing a plan that gets you to your financial goals.
• Don’t be too hard on yourself, and celebrate financial achievements. Paying a student loan, saving a down payment, and building your savings are significant milestones.
• Stick to your financial plan and stay invested in your future.
• Margaret highlights the value of starting with small, regular investments. Having more time in the market is more important than trying to time the market.
• She encourages women to give themselves permission to seek a financial advisor. Trusted and professional support is invaluable on your financial journey.

Carissa Lucreziano has over two decades of experience as a Certified Financial Planner. She is the Vice President of Financial and Investment Advice at CIBC, where she aims to simplify complex financial concepts to give people the ability to make informed decisions about their money.

As CIBC’s financial advice expert, Carissa leads a team dedicated to empowering Canadians through accessible financial education and smart advice.

Connect with Carissa Lucreziano on LinkedIn.

Margaret Adaniel is the Vice President of Wealth Digital, Marketing, and Communications at CIBC, where she leads strategic initiatives to enhance client engagement and financial education.

Margaret is committed to fostering financial confidence by creating tailored solutions that address evolving client needs, leveraging her expertise in wealth management, financial literacy, and strategic communication.

Connect with Margaret Adaniel on LinkedIn.

Dr. Rumeet Billan is the founder and CEO of Viewpoint Leadership and former CEO of Women of Influence+. Her approach to entrepreneurship, business development, and leadership training prioritizes trust, belonging, and resilience to elevate the quality of her work.

Dr. Rumeet has been recognized as one of Canada’s Top 10 Power Women. She showcases a commitment to giving back to communities by helping improve access to education through schools and libraries and funding scholarships.

Connect with Dr. Rumeet on LinkedIn or her website.

If you did, be sure to subscribe and share it with your friends!

Post a review and share it! If you enjoyed tuning in, leave us a review. You can also send this to your friends and family — especially the young women in your life! The sooner you start your financial journey and address key transitions like retirement, entrepreneurship, and estate planning, the better equipped you’ll be to protect your wealth and secure your family’s financial future.

Have any questions? You can connect with me on LinkedIn or through CIBC’s Facebook, Twitter, or Instagram.

Thanks for tuning in! For more amazing episodes, tune in on Spotify or Apple Podcasts.

Hosted on Acast. See acast.com/privacy for more information.

In this episode of Smart Advice, we delve into the intricate world of estate planning for blended families—a crucial yet often overlooked topic for many Canadians. Estate planning becomes significantly more complex when it involves couples with children from previous relationships, second marriages, or common-law partnerships, which are increasingly common across the country. 

Our guest, Richard Voss, Director of Wealth Strategies at CIBC Private Wealth, shares expert insights to help protect your family’s legacy. Tune in for practical tips on managing wills, powers of attorney, and trust planning to help avoid potential conflicts and ensure everyone’s interests are protected.

1. Learn how to navigate the complexities of estate planning for blended families.
2. Discover the legal differences between common-law partnerships and marriage and how they affect your estate plan.
3. Understand the importance of open communication within families when discussing estate planning.

• CIBC Article: 5 Tips On Talking About Money With Your Partner
• CIBC Private Wealth Insights Hub
• CIBC Smart Advice hub

• Estate planning is an important part of ensuring your wealth is transferred smoothly.
• However, every family has its own unique dynamics, which creates unique challenges and considerations.
• Blended families in particular have specific nuances to their financial situation.
• 23% of couples in Canada are living as common law partners — the highest among G7 countries.

• It’s a financially smart decision to fully understand your financial assets and liabilities before entering a new relationship.
• There is a difference between hard assets (real estate, cars, collections) and soft assets (family knowledge, heirlooms with emotional attachments).
• Review your current wills, powers of attorney, and beneficiary designations to ensure they are up to date.

[5:44] Richard: “If you are remarried or in some provinces common law, and intend to leave your entire or the majority of your estate to your children and you die without a will, recognize that a portion of your estate will go to your new spouse. This can vary depending upon the province you reside in, unless you have what's known as a domestic agreement or a marriage contract in place.”

• Ideally, blended families should have a will and power of attorney to help with financial planning of both the children and the parents.

• Both partners should understand each other’s spending habits and set boundaries on how to utilize their finances.

[10:15] Richard: “When two families are coming together to be one new family, it's important for the new heads of the household to be in tune with what type of a spender they are and what type of a spender their new partner is.”

• There are different approaches to financial planning, from fully integrated finances to separate accounts.
• Richard advises regular cash flow monitoring and open conversations about financial goals and obligations.

• Carissa and Richard discuss the importance of communication in blended families, especially with minor and adult children.
• Richard advises demonstrating an abundance mentality and ensuring minor children feel secure.
• Adult children, on the other hand, need to understand the estate plan and potential changes in financial security.
• Plus, it is a good idea to discuss care decisions and responsibilities for aging parents early on.

• There are two legal partnerships in Canada that can differ significantly in the eyes of the court: married and common law relationships.
• Defining common law couples in Canada depends on different perspectives and the lens through which it’s viewed.
• The property rights for common law couples varies depending on the province they’re in, jurisdictional rules, and cohabitation agreements.
• Legal advice from qualified practitioners for different aspects of estate planning helps smoothen estate planning.

• Estate planning can be a complex topic, which may be the reason why only 50% of Canadians have a will.

[27:36] Richard: “Parents often times underestimate the complexity of their financial situation and overestimate the ability of their personal representatives, such as executors and beneficiaries, many times kids.”

• Revisiting estate plans annually and documenting intentions clearly helps simplify estate planning.
• He suggests introducing new spouses to professional advisors and involving adult children in financial discussions.
• Family meetings are a great way to address potential conflicts and express estate planning goals.

• Family meetings are an opportunity to understand family dynamics and estate planning goals.
• Open communication and transparency are critical for estate planning in blended families.
• The emotional and financial needs of all family members are just as important to discuss in these meetings. 
• Professional executors or trust companies can be useful to include in the discussion to help manage estate affairs.

Richard Voss is the Director of Wealth Strategies at CIBC Private Wealth. With over 37 years’ experience in the financial services industry, Richard advises families in the areas of wealth and enterprise planning including business succession, family governance and legacy planning.

Richard holds an extensive background in wealth strategy and is dedicated to simplifying estate planning for Canadians. He focuses on providing tailored, actionable advice that addresses the unique financial dynamics of today’s modern families. This ensures smooth wealth transfer and long-term financial security for future generations.

If you did, be sure to subscribe and share it with your friends!

Post a review and share it! If you enjoyed tuning in, leave us a review. You can also send this with your friends and family — especially the parents! The sooner you start understanding how estate planning impacts your family’s financial future the better your chances of protecting your assets and ensuring smooth wealth transfer to the next generation.

Have any questions? You can connect with me on LinkedIn or through CIBC’s Facebook, Twitter, or Instagram.

Thanks for tuning in! For more updates, visit our website. You can also listen to more amazing episodes on Spotify or Apple Podcasts.

Hosted on Acast. See acast.com/privacy for more information.

Are you ready to elevate your career? The job market is evolving faster than ever, and adapting to these changes has become critical.

In this episode of Smart Advice we dive into a conversation with Kelley Keehn, author, entrepreneur and financial educator, on how to manage your career as a business.

Whether you're a seasoned professional or just starting your journey, learning how to align your career with your financial goals can make all the difference in building a more secure and successful future. 

1. Learn how to set personal standards that guide your professional and financial decisions.
2. Discover how to align your career with your financial goals
3. Get strategies to adapt to an ever-changing job market.

Resources

• Kelley Keehn - Website | LinkedIn
• Kelley Keehn’s Book She Inc.
• Money Wise Workplaces by Kelley Keehn
• Read the CIBC article “Helping Canadians Think Differently About Their Finances”, featuring Kelley Keehn.
• Visit CIBC for more smart advice

• Half of Canadian professionals plan to seek new jobs in 2024, driven by increased income potential.
• The pandemic has shifted job market dynamics, leading to new career plans and a focus on flexibility and retraining.
• The world is rapidly changing, encouraging people globally to reinvent themselves to match the current job market or skill gaps.

• She Inc. is one of the books published by Kelley that advocates for treating oneself like a corporation to achieve career and financial goals.
• It's vital to draft your personal standards, habits, and values as a blueprint for life and career.
• Adopting this mindset had a significant benefit to Kelley's financial and career opportunities.
• Treating yourself as a corporation reduces decision fatigue and frees up mental space for creativity.

• Regardless of your career stage, it's a good idea to start thinking about your brand.
• It is important to set realistic goals and remove noise to focus on what matters.
• Using a calendar can help you hold yourself accountable for important activities, such as self-care and work.

[07:29] Kelley: “Whatever it is, you use your calendar to hold you accountable.”

• Burnout is a huge problem in modern society, so it's invaluable to balance the rigidity of your calendar with flexibility.

• The job market is constantly evolving; it's therefore critical to be adaptable so that you can find new career opportunities.
• Advisors and coaches can provide a sounding board and help you identify new career possibilities.
• Consider the athlete: no athlete succeeds in competition without coaches and mentors.
• Investing in education and delegating tasks unrelated to your career (or other things important to you) helps free up time for personal and career development.
• In Kelley's case, she hired out a lot of chores and household tasks to spend quality time with her aging mother.

• Your career choice will affect your investment strategies. Different career paths require different investment approaches.
• Kelley introduces the concept of the "fourth asset class" - your career - and its influence on risk tolerance and investment strategies.
• It's critical to discuss any asset changes with financial advisors to adjust you investment portfolios accordingly.

[16:52] Kelley: “Now, maybe you're buying rental properties, and you don't tell your advisor that. That's kind of a side hustle would definitely affect your portfolio.”

• Kelley's opinion on finding financial success despite changing trends in the market is that it's important to be nimble and adaptable.

[18:56] Kelley: “One thing I can definitely say is, don't wait, I've written 11 books because I don't wait. If I have something that's popped into my head, I act on it as quickly as humanly possible.”

• It's best to act quickly. The moment you have a new idea, act on it. Always be in motion; keep upgrading your skills or your network.
• Success isn't guaranteed, but resilience and tenacity go a long way toward overcoming failures and achieving success.

• Kelley shares her ongoing projects, including Money Wise Workplaces, an online financial literacy program for employers.
• Moving forward, Kelley plans to collaborate with the financial industry to equip advisors with better communication skills.
• Trusted financial professionals and advisers play a huge role in people's financial wellness; they're an invaluable resource that more people should utilize.

Kelley Keehn is an accomplished financial educator, entrepreneur, and passionate consumer advocate. She is dedicated to making financial literacy accessible and empowering individuals to take control of their financial futures. Kelley has authored 11 books on personal finance, including Talk Money to Me, and has become a trusted voice in helping Canadians transform their relationship with money.

Kelley’s work emphasizes the importance of treating your career as a valuable asset and aligning financial goals with professional growth, making her a leading expert in personal finance and career strategy. One of her most effective mantras that helped shape her financial success was treating her career as an asset.

Connect with Kelley Keehn on LinkedIn, Facebook, Instagram, or X . Visit her website for more resources.

If you did, be sure to subscribe and share it with your friends!

Post a review and share it! If you enjoyed tuning in, leave us a review. You can also send this with your friends and family — especially the parents! The sooner you start treating your career as an asset, the better your chances of achieving long-term financial success and professional growth.

Have any questions? You can connect with me on LinkedIn or through CIBC’s Facebook, Twitter, or Instagram.

Thanks for tuning in! For more updates, visit our website. You can also listen to more amazing episodes on Spotify or Apple Podcasts.

Hosted on Acast. See acast.com/privacy for more information.

With key policies on trade, tariffs, and taxation hanging in the balance, investors worldwide are closely watching the upcoming U.S. presidential election.

In a time of global economic uncertainty, this episode of Smart Advice explores the potential impact of different election outcomes. Featuring Michael Sager, Managing Director and Head of Multi-Asset and Currency Management at CIBC Asset Management.

Whether you're a seasoned investor or just getting started, understanding these dynamics can help you navigate volatility and make informed decisions for long-term financial growth. Tune in for Michael’s analysis and insights on how the election might shape your investment strategy in the months ahead.

1. Learn how the upcoming U.S. presidential election could impact global financial markets and what that means for your investments.
2. Discover the key differences in Kamala Harris and Donald Trump’s economic policies.
3. Understand how to stay focused on long-term investment goals amidst election-related market volatility.

• Michael Sager - LinkedIn
• CIBC Asset Management Insights Hub - Website
• Visit CIBC for more Smart Advice

• The U.S. is Canada's biggest trade partner; any changes in the U.S. economy affect Canada’s too.
• Pre-election market volatility fluctuates due to uncertainty and the short-term rally post-election, which depends on the election outcome.
• The three notable possibilities are a Republican sweep, Democratic sweep, or a divided government on market activity.
• A sweep enables more policy initiatives, which can have a significant impact on economic outcomes and markets.

[3:25] Michael: “Having a sweep of either for the Republicans or the Democrats enables more policy initiatives, which of course have the potential to have a much bigger impact upon economic outcomes and therefore the markets”

• Michael looks back at historical data since 1928, showing no significant difference in market performance between election and non-election years.
• Canadian citizens should see the long-term drivers of markets, such as economic growth, inflation, Fed policy, and technological innovation.
• The conversation highlights the potential for a divided government to limit substantive policy changes.
• Looking at the bigger implications for markets and economies is just as critical as seeing the immediate effects.

• Michael clarifies that both administrations have used tariffs to restrict the economic growth and technological development of China.

[07:17] Michael: “Both administrations, there's a commonality. There's not too many things they agree on, but one of them is that they need to restrict the economic growth, development, and technological development of the Chinese economy.”

• The Trump administration has been more aggressive with tariffs, but the Biden-Harris administration has not rolled back these tariffs.
• The potential impact of the U.S. elections on global trade partners like Canada and Europe is far-reaching, depending on who takes the presidency.

• Tariffs decrease growth and more inflation, which are negative for equities. They lead to higher interest rates than would have occurred without the increase in tariffs.
• There are significant differences in deregulation policies between Trump and Harris, with Trump supporting deregulation in sectors like energy and finance.

[15:10] Michael: “The overall impact of all of these competing policies is likely to be relatively small, and to some extent it depends on the sequencing of the policy as to what the outcome for growth, for inflation, for equities, for rates, what that looks like through time.”

• The economic impact of their policies varies. Deregulation is generally positive for growth; regulation has more nuance behind it.
• Michael explains that a Trump administration would renew all tax cuts and possibly implement additional fiscal stimulus.
• Conversely, Harris seems committed to renewing tax cuts for those earning less than $400,000 and introducing tax increases for the wealthy.

[20:39] Michael: “The best course of action is to look through that uncertainty, figure out long term investment goals and stay focused on those and stay invested again.”

• Michael advises staying invested and focusing on long-term goals, emphasizing that long-term investment goals should guide decision-making.
• Other factors like economic growth, inflation, and central bank policy have a greater long-term impact on portfolio performance.
• Michael encourages investors to stay invested and focused on their long-term goals despite the market uncertainty.

Michael Sager is the Managing Director and Head of Multi-Asset and Currency Management at CIBC Asset Management.  He is an experienced financial expert with a rich background in portfolio management and economic research from prestigious institutions like Wellington Management, JP Morgan Asset Management, the European Central Bank, and the Bank of England. Michael brings deep insights into global markets. He holds a PhD in Economics from the University of Warwick and a Master's degree in Economics from the University of London.

Michael’s work is focused on helping investors navigate complex financial landscapes by providing clear, actionable advice on asset management, currency strategies, and market outlooks. His expertise in understanding how political shifts, such as U.S. election outcomes, have an economic impact on global markets makes him a trusted voice in guiding individuals and institutions through uncertain times.

Connect with Michael Sager on LinkedIn.

If you did, be sure to subscribe and share it with your friends!

Post a review and share it! If you enjoyed tuning in, leave us a review. You can also send this with your friends and family — especially the parents! The sooner you start understanding how presidential election outcomes have an economic impact on global markets, the better your chances of making smart investment decisions and securing long-term financial success.

Have any questions? You can connect with me on LinkedIn or through CIBC’s Facebook, Twitter, or Instagram.

Thanks for tuning in! For more updates, visit our website. You can also listen to more amazing episodes on Spotify or Apple Podcasts.

Hosted on Acast. See acast.com/privacy for more information.

1. Discover the key themes shaping financial decision-making, from economic shifts to evolving investor needs.
2. Understand how resilience emerged as the strongest guide for navigating uncertainty.
3. Learn how expert insights can inspire clearer and more confident choices moving forward.

• CIBC's "Smart Advice" Podcast and Website - Website | Apple Podcast | Spotify
• Visit CIBC for more Smart Advice

• Over the episodes throughout Season 3, Canadians faced shifting economic conditions and changing financial needs.
• Host Carissa Lucreziano reflected on how each conversation revealed what people were working through.
• Resilience emerged as the strongest theme as guests showed how steady planning created opportunity.

[02:25] Carissa Lucreziano: “In order to build the resiliency of our country's economy, you have to think about things in the long term, and you also have to go with what we're good at, and what we are good at in this country is natural resources.”

• The season showed the clear priorities and choices that helped Canadians stay focused on what they could control.

• Canada’s economy showed strengths extending beyond the headlines.
• Lisa Raitt pointed out that Canada’s natural resources and innovation hubs as long-term advantages.
• She emphasized how focusing on what Canada did well supported national resilience.
  Her insights highlighted why a broader view helped Canadians see opportunity in shifting global conditions.

• Housing trends continued to shift as interest rates and regional conditions evolved.
• Senior Economist Andrew Grantham explained why affordability pressures persisted in major provinces.
• He noted the large urban markets remained buyer-heavy, creating downward pressure on prices.

[04:37] Andrew Grantham: “What we are seeing there is that this is still a buyer's market. There are still more sellers than there are buyers, and that is putting a little bit of a downward pressure on prices.”

• His perspective gave Canadians a clearer sense of the regional forces affecting home decisions.

• Entrepreneurship continuously reshaped Canada’s economic landscape, adapting it to new technology and ideas.
• Ian Gallagher explained younger companies used digital tools to drive growth and margins.
• He also highlighted how immigrant entrepreneurs brought creativity and momentum to many sectors.
• His insights showed why business owners benefited from planning early for future succession.

• Market volatility continued to test investor confidence throughout the season.
• Chief Investment Officer, David Wong explained how emotional reactions often led to missed financial gains.
• He explained why diversification and patience played a key role in navigating uncertainty.
• The conversation encouraged Canadians to stay aligned with their timeline rather than the daily news.
   

• Fixed income remained a steadying force during uncertain market periods.
• According to Aaron Young, bonds helped offset equity risk and protect capital.
• He emphasized that fixed income still held value for investors at every experience level.
• His guidance reinforced the importance of keeping fixed income as part of a balanced portfolio.

• Alternative assets became increasingly relevant as investors searched for new sources of return.
• In her conversation with Carissa, Meric Koksal outlined why private equity, private credit and real estate gained traction.
• She noted how longer time horizons supported higher potential growth for younger generations.
• Her perspective showed how alternatives complemented traditional strategies and strengthened family planning.

• Building strong money habits early continued to shape long-term outcomes for young Canadians.
• As Michael Keaveney discussed in his episode, giving children a voice encouraged responsibility and confidence.

[10:48] Michael Keaveney: “I think it's entirely appropriate and a good idea for children to learn that the money didn't fall out of the sky, that a plan was put together, a conscious choice was made, maybe even at the expense of other options, and as time goes on, the child can have an increasingly a voice in that plan.”

• He explained how involvement supported better financial literacy over time.
• His insights highlighted how even small contributions taught meaningful lessons.

• Lifetime giving emerged as a meaningful approach for modern estate planning.
• In his appearance, Richard Voss explained how passing down financial gifts during a life time creates a greater positive impact for loved ones.
• In his experience, many inheritances arrived too late to be fully useful; Canadians are living longer, and the passing on of wealth happens much later.
• His guidance encouraged Canadians to support the next generation when it mattered most.
   

• Year-end remained a key moment for strengthening financial plans.
• Jamie highlighted how timely FHSA contributions could make a real difference.
• He outlined how charitable giving and donating appreciated securities created tax efficiencies.
• His advice helped Canadians enter the next year with greater clarity and preparedness.
  
   

• Personal well-being will always have a significant impact on long-term financial success.
• Healthy workplaces supported stronger performance, according to Dr. Noah Levine.
• He noted employers played an important role in protecting employee well-being.
• The discussion showed why caring for health helped sustain better financial decisions.
   

• Personal growth emerged as a central driver of future financial opportunity.
• Scott McGillivray encouraged Canadians to invest in skills and relationships.

[18:02] Scott McGillivray: “The absolute number one investment right now in 2025 that someone can make is in themselves. This is the time to up your game.”

• He emphasized acting early to be ready when new opportunities appeared.
• His message framed self-investment as a foundation for future progress.

Carissa Lucreziano is a financial advice expert at CIBC, with extensive experience in wealth management, personal finance and strategic planning. Carissa specializes in guiding individuals through critical life transitions, including retirement, entrepreneurship and relationship changes, offering tailored solutions to help them achieve their financial goals with confidence. Her financial expertise enables her clients to build economic resilience and secure their futures.

Carissa is passionate about empowering Canadians to take control of their finances by providing clear, actionable advice that simplifies complex financial decisions. She is dedicated to fostering financial confidence, ensuring her clients can navigate challenges and milestones with clarity and success.

Connect with Carissa Lucreziano on LinkedIn.

If you did, be sure to subscribe and share it with your friends!

Post a review and share it! If you enjoyed tuning in, leave us a review. You can also send this to your friends and family. Although Canada’s economy plays a part, your financial decisions matter more. This season revealed how Canadians are navigating change with clarity and intention. With the right perspective and steady habits, every decision becomes a step toward a stronger financial future.

Have any questions? You can connect with me on LinkedIn or through CIBC’s Facebook,  or Instagram.

Thanks for tuning in! For more updates, visit our website. You can also listen to more amazing episodes on Spotify or Apple Podcasts.

Hosted on Acast. See acast.com/privacy for more information.

Do you remember when and how you learned about money? From budgeting and saving to applying for credit cards or taking out a loan, building an early foundation of financial literacy is a key strategy to ensuring long-term financial success. That makes it all the more important for parents to grant their children a measure of money-savviness and financial know-how as soon as they can.

In a world where financial literacy is more vital than ever before, this episode of Smart Advice goes deep into teaching kids about money at any age and stage with the help of Robin Taub, author of The Wisest Investment: Teaching Your Kids to be Responsible, Independent and Money-Smart for Life. 

Whether you’re a parent eager to guide your children toward financial independence or an educator looking for insights on financial literacy, this discussion offers invaluable strategies to help shape financially responsible and confident young adults.

1. Discover practical tips for teaching financial literacy to children at any age.
2. Learn about Robin Taub’s five pillars of money management
3. Gain insights on how to be a financial role model for the next generation.

• Teach your kids about money using articles and resources from CIBC’s Ambitions Toolkit
• Pick up a copy of The Wisest Investment!

• Robin Taub, a CPA and mom, shares her journey from number-cruncher to financial educator.
• Her book was born out of a passion for helping parents feel confident in teaching their kids about money.
• Robin noticed that many parents feel out of their depth when it comes to money talks with their kids.
• She crafted the book as a go-to guide for raising financially savvy and responsible kids.

• Robin suggests kicking off money lessons as early as five, turning everyday errands into learning adventures.
• Simple activities like grocery shopping can become fun ways to introduce basic money concepts.
• Starting early gives kids a head start on building smart money habits that will last a lifetime.

• Robin breaks down money management into five key pillars.

[06:53] Robin: “So depending on the age that your child is, you're going to find these different types of teachable moments, but they are all going to come under what I call the five pillars of money, and those are earn, save, spend, share and invest.”

• These pillars grow with your child, adapting as they move from piggy banks to real-world finances.
• Parents are encouraged to level up their own financial knowledge to lead by example and teach with confidence.

[08:48] Robin: “It’s hard if you don't feel like you're particularly good with money yourself to feel like you can teach your children, but I try to encourage parents to learn along with their kids.”

• Being a role model isn’t just important—it’s the secret sauce to raising money-smart kids.

• Ontario high schools are stepping up with a new financial literacy test, and Robin is all for it.

[12:51] Robin: “Kids need to learn this stuff wherever they can. I mean, who you know? Going back to the original — if you're not teaching your kids about money, who is?”

• While schools are laying the groundwork, parents play a crucial role in reinforcing these lessons at home.
• As kids grow into young adults, they’ll need guidance on navigating credit, saving for college, and dipping their toes into investing.

• We have to remember too that children don’t have our level of financial education.

[19:12] Robin: “Sometimes the things that we take for granted that we know at this point, kids don't know.”

• However, financial education isn’t just top-down; parents can pick up new tricks from their tech-savvy kids.
• Some kids today are clued into the latest financial tools and trends, and parents can learn a thing or two from them.
• Making financial mistakes isn’t the end of the world—it’s a priceless learning opportunity, especially with parental support.
• Guiding your kids through financial missteps helps them bounce back stronger and smarter.

[21:14] Robin: “You need to let your kids — you want to teach them, but you also need to let them make mistakes and learn from them.”

• Lead by example. Your children will see you as a role model when it comes to money. This includes where you excel and where you make mistakes.
• Be on the lookout for teachable moments in day-to-day life. There will be something appropriate for a child of almost any age — even as young as five!
• Impart and build values when you give your child a financial education. Discovering what’s important to you and them can help shape their future decisions.

Robin Taub is a Chartered Professional Accountant (CPA) and a passionate advocate for financial literacy. With a background in finance and a deep understanding of the challenges parents face in teaching their children about money, she has dedicated her career to making financial education accessible and engaging for families.

Robin is the author of The Wisest Investment: Teaching Your Kids to be Responsible, Independent and Money-Smart for Life, a highly regarded guide that empowers parents to raise financially savvy children. Drawing from her experiences as both a financial professional and a mother, Robin’s work emphasizes the importance of starting financial education early and the role of parents as financial role models, making her a leading voice in the field of family financial education.

Connect with Robin Taub on LinkedIn, or visit her website.

If you did, be sure to subscribe and share it with your friends!

Post a review and share it! If you enjoyed tuning in, leave us a review. You can also send this with your friends and family — especially the parents! The earlier a child learns financial literacy, the better their chances of becoming money-savvy and successful as adults.

Have any questions? You can connect with me on LinkedIn or through CIBC’s Facebook, Twitter, or Instagram.

Thanks for tuning in! For more updates, visit our website. You can also listen to more amazing episodes on Spotify or Apple Podcasts.

Hosted on Acast. See acast.com/privacy for more information.

In a world of financial uncertainty and rapid market changes, long-term investing success can be achieved by focusing on the areas and strategies that are within your control. You've undoubtedly heard that investing is an excellent way to build wealth, but there's more to investing than simple tricks like "buy low, sell high". 

This episode dives into a compelling conversation with Michael Keaveney, Vice President of Managed Solutions at CIBC, as he describes the key habits of successful investors including investment diversification, investing regularly and staying disciplined amid market volatility. 

Both novice and seasoned investors can leverage the insights and strategies discussed in this episode to enhance their portfolio and effectively manage their financial future. 

1. Learn why investors should prioritize their own financial objectives and maintain realistic expectations about returns.
2. Discover how a well-diversified portfolio can manage risk and enhance returns.
3. Understand the benefits of a regular investing plan.

CIBC Asset Management insights hub: Preparing your portfolio for market volatility

CIBC Smart Advice hub: Three tips to make your regular investments work harder 

CIBC Investor’s Edge poll: Many Canadians’ financial strategies overlook investing 

• Optimism for investors is growing, with 2024 poised to bring a resurgence in market performance.
• Despite past challenges with inflation and rising interest rates, the future looks promising for the market, especially when considering investment diversification.
• CIBC's economic team expresses cautious optimism about the economy's resilience and its positive influence on investments.
• The value of the Canadian dollar remains an important consideration for crafting effective investment strategies.

[01:17] Carissa: “Everyone has a different investment goal, different appetite when it comes to volatility and duration in the market.”

• Investors need to understand and focus on their individual goals. Set realistic expectations for their success and timelines.
• Educating yourself about the market is crucial. As an investor, remember that the market is complex and always affected by various factors.

[05:50] Michael: “Markets are not linear in the return path that they generate for you. A lot of your overall return comes from a relatively small number of really good periods. And we don't know exactly when those best times will come.”

• Market volatility is an inherent feature, not a flaw, of the market. Investors should prepare for and accept this volatility as part of the investment process.
• Many investors lose market opportunities because of jumping in and out of the market. People tend to jump out after the worst days and miss the best time.
• Shift your investor mindset. Understand that short-term downturns will happen instead of jumping in and out of the market.

• Diversification remains a powerful strategy for managing risk and enhancing potential returns.
• A well-balanced portfolio can smooth out the ride by reducing overall volatility.

[08:42] Michael: “Diversification reduces volatility due to less than perfect correlation between asset classes.”

• The approach to balanced portfolios has evolved, now incorporating broader foreign exposure and innovative alternative investments.
• Constructing a balanced portfolio involves adapting and fitting expert ideas from different asset classes into your diversified portfolio.

• Short-term market dips are natural. Staying invested through market cycles is often more effective than trying to time the market.

[18:21] Michael: “There's always going to be something in the portfolio that is the laggard. That's the whole point.”

• Regular investing is crucial in order to achieve key financial goals such as a comfortable retirement. A regular investing plan can help you finance your whole lifetime.
• To achieve long-term investing success, focus on the areas you can control. This includes personal goals, risk tolerance, and investment strategy.
• Currently, negative news and uncertainty push people to make fear-driven decisions. Instead, focus on your long-term goals.

• A lack of knowledge and fear of loss often hold potential investors back from making informed decisions.

[23:20] Michael: “Fear is not conducive to long-term success.”

• Michael identifies what makes a good investor: having clear and realistic goals, learning from your mistakes and other people’s, discipline in investing, and cautious optimism.
• Gaining insight into the inner workings of balanced portfolio management can demystify the investment process and bolster investor confidence.

Michael Keaveney is the Vice President of Managed Solutions at CIBC. With a strong background in investment management, Michael leads the development and oversight of CIBC’s managed investment solutions. He is known for his expertise in portfolio management, investment strategies, and client-focused financial planning.

Michael has played a pivotal role in evolving CIBC's balanced portfolio offerings, including increasing foreign exposure and alternative investments. His work with Morningstar also gave him powerful insights into the investment behaviour of several demographics. His approach emphasizes investment diversification, disciplined investing, and helping clients navigate market volatility with confidence.

Connect with Michael Keaveney on LinkedIn

If you did, be sure to subscribe and share it with your friends!

Post a review and share it! If you enjoyed tuning in, leave us a review. You can also send this with your friends and family and share valuable insights into how investment diversification becomes your shield against volatility.

Have any questions? You can connect with me on LinkedIn or through CIBC’s Facebook, Twitter, or Instagram.

Thanks for tuning in! For more updates, visit our website. You can also listen to more amazing episodes on Spotify or Apple Podcasts.

Hosted on Acast. See acast.com/privacy for more information.

Whether you're looking for a new mortgage, contemplating your investment strategy, or simply trying to make sense of the economy, join us for a conversation with Avery Shenfeld, Managing Director and Chief Economist at CIBC Capital Markets, to shed light on the recent interest rate cut, its expected impact on the Canadian economy, and what this means for consumers.

Here are three reasons why you should listen to this episode:

1. Find out what the recent interest rate cuts may mean for inflation and the Canadian economy.
2. Learn how inflation and interest rates may impact Canadian consumers.
3. Gain valuable insight into what economic changes Canadians can expect for the year ahead and into 2025.

• Visit CIBC for more smart advice
• Visit CIBC Capital Markets Insights Hub to access timely economic insights   

• After continuous interest rate hikes, interest rates were reduced from 5% to 4.75%.  However, this rate cut won’t have any significant impact on the economy immediately.
• The future decisions of the Bank of Canada will be key in achieving economic relief. Further rate cuts are necessary to reach an interest rate of around 3%.

[03:24] Avery: "It's not the first move that will matter, but it's really the follow-up from the Bank of Canada. We've got to get that short-term interest rate down to something like three percent or two and three-quarters."

Historically, Canada and the US differ in economic performance and interest rates. These reflect the differing needs of the two economies and the varying interest rates.

• While Canada’s initial rate cuts may weaken the Canadian dollar, there is no significant impact on the trade and consumer price index. 

• The majority of inflation from the past year was a result of global production issues from the COVID-19 pandemic. As goods became more available, prices started to increase.
• Shelter is the critical component of the Consumer Price Index (CPI). Rent inflation which has greatly increased may ease by 2025 due to revisions in government policies.
• Another aspect of the shelter component is mortgage interest costs. Cutting interest rates can lead to the reduction of the inflation of mortgage interest costs. By the end of 2025, Avery shares that “variable or short term mortgages will see substantial savings that will show up in that part of the inflation basket.”

• Avery states that the growth of the Canadian economy and the overall global economy is still sluggish.

[10:34] Avery: "The overall temperature of the global economy is not likely to be that vigorous in the balance of this year, where our hopes lie is really for 2025, after a sequence of interest rate cuts, not just in Canada, but in Europe, and eventually in the US as well."

Global growth and domestic demand improvement due to interest rate cuts can lead to a better year for the Canadian economy by 2025.

• In response to the higher interest rates, Canadians focus on saving an increasing position of their after-tax income and being more cautious about saving.
• The Bank of Canada’s goal was to encourage saving to slow consumer spending growth. This will contribute to the hopeful growth of the economy in 2025.
• With lower interest rates, people have more to spend. The biggest economic changes will impact the real estate market with increasing housing turnover and more spending.

• The equity market has been doing well in the past years. However, equities are fully valued for the coming interest rate cuts and Avery advises caution for these assets.
• On the other hand, there is room for bond yields to decrease and result in better returns on fixed-income investments.
• Avery states that we’re now in a period of the usual backstop. The bond market can provide a good return and shelter for the slowing of the equity market.
• A traditional balanced portfolio offers shelter from the volatile market as interest rate cuts continue. 
• The expected economic recovery in 2025 should mean well for the stock market.

• Looking at the big picture, the overnight interest rate is expected to go down to around 3%. Avery predicts that it will go lower than it is today, especially by the end of 2025.
• Inflation is a big concern for Canadians. However, wage increases are also increasing. The purchasing power of the average wage has been recovering despite inflation.
• On the other hand, Canada’s economic performance needs further improvement. 
• Productivity has been lacking in the past years and it’s important to encourage businesses to invest and expand in Canada.

[19:31] Avery: "Canada's economic performance, it really hasn't been great, particularly on a per capita basis. And I think we need to see an improvement in output per hour or productivity that we have been seriously lacking over the last year or two."

Avery Shenfeld is the Managing Director and Chief Economist at CIBC Capital Markets. With a distinguished career spanning over two decades, Avery is a highly respected figure in the field of economics. He regularly provides expert analysis on economic changes, trends, and policies, offering valuable insights to both the media and CIBC clients. 

Avery's expertise covers a wide range of economic issues, including monetary policy, inflation, and market dynamics. He is a trusted voice in understanding and navigating the complexities of the Canadian economy.

Learn more about Avery and his work on the CIBC website.

If you did, be sure to subscribe and share it with your friends!

Post a review and share it! If you enjoyed tuning in, leave us a review. You can also send this with your friends and family and share valuable insights into future economic trends in the Canadian economy. Get a future look into economic changes in both Canada and the world for 2024 and beyond

Have any questions? You can connect with me on LinkedIn or through CIBC’s Facebook, Twitter, or Instagram.

Thanks for tuning in! For more updates, visit our  website. You can also listen to more amazing episodes on Spotify or Apple Podcasts.

Hosted on Acast. See acast.com/privacy for more information.

Tax expert Jamie Golombek, Managing Director of Tax & Estate Planning at CIBC Private Wealth, joins us for an in-depth conversation on the new higher capital gains inclusion rate, and what this change could mean for Canadians and their future financial decisions—including individuals, investors, and businesses or corporations. If you might be affected by the change, you’ll want to listen to this episode! 

Here are three reasons why you should listen to this episode: 

1. Learn about the changes to the capital gains tax inclusion rate that took effect on June 25th, 2024.
2. Find out how the changes affect people with vacation homes/cottages and rental properties, investors, and corporations and businesses.
3. Discover the impact of tax planning with long-term strategies and advice.

Resources 

• Visit CIBC for more smart advice
• Read Jamie Golombek’s column “Tax Expert” in the National Post

Episode highlights 

[02:40] Current rules vs. proposed changes 

• Jamie says it’s a big change, but only affects a small number of people each year. The change affects people who realize capital gains outside of a registered plan that total more than $250,000 in a calendar year.
• Jamie says the change will also affect individuals who sell a vacation property, income or rental property. Or, if the property isn’t transferred to a spouse or partner via spousal rollover, the estate may be liable for taxes.

[04:40] “If we really want to break it down, what does this really mean for those who are affected? For individuals, it’s only gains over $250,000, and effectively your tax rate is going up by nine percentage points.” 

[05:51] Who the changes will affect

[06:30] Individuals with a second home/cottage/vacation property 

• Jamie notes that if you will have higher capital gains from selling your vacation property, you can use the principal residence exemption.
• If a vacation property is jointly owned by two spouses or partners, capital gains can also be split 50-50. Each individual can take advantage of lower 50% inclusion rate on first $250,000 in capital gains. This also applies to jointly owned rental properties.
• Jamie suggests tracking capital expenditures, like a major renovation, that add to the property’s value. These can be added to your adjusted cost base for tax purposes. When you sell, the capital gain will be lower because cost will be higher.

[09:10] Cottage owners 

• Jamie notes one interesting opportunity for some clients is permanent life insurance if there’s no cash in the family to pay capital gains taxes if you die and someone inherits your cottage. The amount of insurance you need only needs to cover the taxes. This can be done affordably if you’re in relatively good health and relatively young.

[12:11] Investors

• Jamie predicts for 2024, the new term will be “capital gains selling.”
• Jamie advises to look at your broader portfolio allocation and holdings, and speak to your advisor to see if there are opportunities to crystallize a gain and rebalance portfolio. By end of the year, as long as the capital gains are less than $250,000, you will pay a preferred rate on the capital gains tax.

[14:56] Corporations or businesses 

• Jamie says that many professionals use corporations because of the substantial tax deferral. But with the recent change, there’s have a problem: if you earn capital gains, you don’t get the $250,000 break of the lower threshold in the corporation. This means you would be better off if you earned the gains personally vs. in a corporation.
• For new business owners, the real concern is if you’re building up an investment portfolio internally, you’re really disadvantaged.

[17:37] “I think that you really need to look at the value of deferral. If you’re not leaving at least $100,000 or more a year in the corporation, and you’re deferring tax on that, you have to question, is it worth paying that extra tax ultimately on the capital gain rather than having that investment done personally?” 

[17:56] Will the capital gains inclusion rate ever go back down? 

• Jamie says it will depend on what future governments do. A new government could get elected and reduce the inclusion rate.

[19:18] “Ultimately it really is a political issue, and I think it will depend on who comes in, and the budget, and ultimately spending and how they can manage the deficit and also the long-term debt.” 

[19:46] Tax planning tips

• Jamie advises sitting down with a financial advisor, tax advisor, or an accountant to make sure you’re taking advantage of registered plans, such as a registered retirement savings plan (RRSP), tax-free savings account (TFSA), first home savings account (FHSA), registered education savings plan (RESP), or registered disability savings plan (RDSP).
• A financial advisor can also help you with strategies such as splitting pension income, making charitable donations, keeping wills up to date, and designating powers of attorney.

[21:10] “There’s so much to talk about, but you can’t do this alone. So, I think the best advice is to get advice. In other words, if you’re not confident with your own plan, reach out to your advisor. Whether it’s a financial advisor or a tax advisor, they will be able to go through some very basic strategies that will help you get on track and hopefully reduce the amount of tax that you pay.” 

About Jamie Golombek 

Jamie Golombek is the Managing Director of Tax & Estate Planning at CIBC Private Wealth, and is quoted frequently in the national media as an expert on taxation strategies for Canadians. He also writes a popular weekly column called “Tax Expert” in the National Post. Jamie teaches an MBA course in Personal Finance at the Schulich School of Business at Toronto’s York University in Toronto. 

Connect with Jamie on his website, follow him on X, and check out his “Tax Expert” column. 

Enjoyed this Episode?

If you did, be sure to subscribe and share it with your friends!

Post a review and share it! If you enjoyed tuning in, leave us a review. You can also share this with your friends and family — especially if you know anyone who may be affected by the higher capital gains tax inclusion rate.

Have any questions? You can connect with me on LinkedIn or through CIBC’s Facebook,Twitter, or Instagram.

Thanks for tuning in! For more updates, visit our website. You can also listen to more amazing episodes on Spotify or Apple Podcasts.

Hosted on Acast. See acast.com/privacy for more information.

Get ready for an in-depth conversation with savvy real estate investor Scott McGillivray, as he shares the ins and outs of his journey from a university student facing housing challenges to a real estate investment guru. Discover Scott's strategic approaches to investment, key financial insights, and personal anecdotes that highlight the resilience required to thrive in the competitive world of real estate.

Whether you’re an aspiring entrepreneur or a Canadian looking to dip your toes into real estate investing in Canada, this episode is for you!

1. Learn the value of leverage when it comes to your capital — whether that’s actual cash or equity.
2. Find out why it’s critical to tap into expertise, building a team of professionals to support you along your homeownership journey.
3. Discover the reality of real estate investing in Canada — and why you should start right now.

• Visit CIBC for more smart advice
• Watch episodes of Income Propertyfor lessons on how to leverage your home as a real estate investment.
• Watch episodes of Buying In for more real estate advice.

• Scott started his real estate journey while in university after facing the challenge of finding affordable housing.
• It wasn’t necessarily about wealth at the time — back then, it was just about finding a reliable place to live.
• His first shot at real estate investing in Canada was prompted by a suggestion from a realtor to buy instead of rent.
• Although his family and friends cautioned him against buying real estate, he elected to listen to his real estate agent, financial advisor, and mortgage advisor instead.

“Why take financial advice from broke people when I have — I hate to say it — I have these people who have a track record of success with money, giving me different advice?”

• Scott explains his aggressive strategy of using equity from one property to buy more, scaling up rapidly.
• He discusses transitioning from basic cash flow focus to long-term equity building and strategic financial planning.

[09:24] “You have to be ruthless about achieving your goals. And you have to make smart goals. So set up your goals to make sure that they're realistic, they're time bound, that there's a certain metric attached to them.”

• The evolution of his business model included learning to manage and leverage financial tools and market changes effectively.

• Scott advises new investors to make decisions based on logic and calculations rather than emotions.
• Another critical piece of advice to new investors is to dislike failure, rather than fear it.

[20:36] “You can hate losing, that's great, but you can't be afraid of it. You just have to learn how to understand this part of the process. It's worth losing ten times, it's all worth it when you win that one time. But if you're afraid, you never get the win.”

• He stresses the importance of being proactive in creating positive cash-flowing properties as they rarely come ready-made.
• Scott encourages new investors to educate themselves and use professional advice to navigate the real estate market.

[22:55] “When the work needs to be done, the best thing you can do is lead by example.”

• Scott reflects on the importance of persistence and adapting to market conditions throughout his career.
• He shares personal anecdotes of overcoming challenges and leveraging opportunities that seemed daunting at first.
• Scott discusses the value of learning from both successes and failures, emphasising  continuous improvement.

• Scott talks about adapting strategies to cope with economic changes, such as interest rate fluctuations and market dynamics.
• He expresses optimism about the future of real estate and the potential for continued growth and adaptation.
• Scott emphasises the importance of long-term planning and strategic investment to navigate through varying economic climates.

[43:55] “One of the biggest secrets to succeeding as an entrepreneur, I believe, is making sure that other people get to their goals.”

• He concludes by sharing his commitment to both personal growth and helping others achieve their real estate goals.

Scott McGillivray is a prominent Canadian real estate expert, entrepreneur, and television host, renowned for his expertise in real estate investments and home renovation. With his extensive knowledge and charismatic presence, McGillivray is a powerful force in the real estate world, dedicated to educating people about investment strategies and the potential for real estate to generate wealth. 

Scott McGillivray's journey from a college student to a real estate magnate is not just inspiring but also a testament to the power of knowledge, strategy, and persistence in achieving financial independence.

Connect with Scott on his website, or follow him on Facebook, Instagram, and X. You can also subscribe to his YouTube channel for a wealth of real estate investment advice.

If you did, be sure to subscribe and share it with your friends!

Post a review and share it! If you enjoyed tuning in, leave us a review. You can also share this with your friends and family — especially if you know anyone looking to begin their journey into real estate investments.

Have any questions? You can connect with me on LinkedIn or through CIBC’sFacebook,Twitter, orInstagram.

Thanks for tuning in! For more updates, visit our website. You can also listen to more amazing episodes on Spotify or Apple Podcasts.

Hosted on Acast. See acast.com/privacy for more information.

In this episode of the Smart Advice Podcast, we delve into the financial factors and emerging trends shaping the lives of Canadians today. Joined by Andrew Grenville, Executive Vice President of Research at Angus Reid, we explore a range of topics, from the significant impact of rising living costs, to the evolving spending habits that prioritize savings over brand loyalty.

We also discuss the varied financial goals of Canadians, including retirement and travel, and the shifts in consumer behavior that are redefining the Canadian economic landscape. This insightful conversation sheds light on the challenges and hopes that define the financial realities for many today.

Tune in to gain valuable perspectives that could help you balance Canadian living costs against your financial goals.

1. Find out how Canadian living costs are reshaping how we spend our money.
2. Learn how Canadian spending habits have changed over the past five years.
3. Discover the kinds of financial goals Canadians have — and how it seems that everyone wants the same thing.

• Visit CIBC for more smart advice
• Read the Angus Reid Consumer Economic Pulse
• Read Eureka! The science and art of insights
• Read The Insights Revolution: Questioning Everything

• Nearly 70% of Canadians express concern over their financial future, while only 20% feel confident about their retirement security.
• Financial anxiety is widespread across Canada, with minimal regional differences.
• The majority of Canadians now allocate most of their budget to living costs, significantly impacted by rising food prices.
• Despite the pandemic being in the past, its effects continue to influence Canadian society and spending habits.

• Approximately 54% of Canadians hold a positive outlook on their financial future, notably among the elderly and younger generations.
• Middle-aged individuals often feel less optimistic, experiencing greater financial pressure.
• Despite some optimism, around 75% believe future generations will face a lesser quality of life in Canada.
• Half of the population struggles to save money, with many barely managing to meet month-end expenses, highlighting a significant challenge in achieving financial security.

• Brand loyalty is taking a back seat to cost savings among Canadian consumers.
• The rising cost of living has led to more intentional spending, which is positively viewed.
• There's a noticeable shift towards cheaper brands and reduced spending on non-essentials to ensure bills are paid.

• Retirement remains a primary saving goal, yet there's also a strong interest in travel.
• Home ownership continues to be a goal, largely dependent on the individual's life stage.
• Other common saving objectives include addressing credit card debt and mortgage payments.
• However, only slightly more than half of Canadians are confident they can meet their financial goals.

• Uncertainty about living costs and finances is expected to persist, influencing consumer behavior.
• A continued move away from brand loyalty towards more deliberate financial decisions is anticipated.
• There's a likely shift towards valuing experiences over possessions, particularly in travel.

Andrew Grenville is a seasoned market researcher with over three decades of experience in the industry. As the Executive Vice President of Research at Angus Reid, one of Canada's leading public opinion research firms, he has spearheaded numerous studies that delve into the behaviors, beliefs, and economic conditions affecting Canadians.

Andrew is also an accomplished author, having published significant works in the field of market research, including books like "Eureka: The Science and Art of Insights" and "The Insights Revolution: Questioning Everything." His expertise and insights have been instrumental in shaping understanding of consumer trends and economic challenges across Canada.

Read more about Andrew on the Angus Reid website, or connect with him through LinkedIn.

If you did, be sure to subscribe and share it with your friends!

Post a review and share it! If you enjoyed tuning in, leave us a review. You can also share this with your friends and family to give them insights on managing rising Canadian living costs while still pursuing their financial goals.

Have any questions? You can connect with me on LinkedIn or through CIBC’s Facebook, Twitter, or Instagram.

Thanks for tuning in! For more updates, visit our website. You can also listen to more amazing episodes on Spotify or Apple Podcasts.

Hosted on Acast. See acast.com/privacy for more information.

Dive into the complexities of the Canadian housing market with our latest episode of "Smart Advice," where we explore the challenging landscape of real estate affordability, market dynamics, and government policies. 

In this episode, CIBC’s Deputy Chief Economist, Benjamin Tal dissects the ongoing affordability crisis, stagnating market trends, and the anticipated impacts of governmental and economic shifts on both buyers and investors. 

Whether you're a homeowner, potential buyer, or investor, this episode offers invaluable insights into navigating the uncertainties of the Canadian housing market and preparing for upcoming financial challenges and opportunities.

Tune in to gain expert advice and stay informed about the future of real estate in Canada.

1. Gain insights through an in-depth analysis of the Canadian housing market from CIBC’s Deputy Chief Economist Benjamin Tal
2. Find out what’s to come in the real estate market for 2024 and 2025
3. Learn more about mortgage renewal strategies for homeowners in the current interest rate environment

• Read more from Benjamin Tal in CIBC’s 2024 Canadian housing outlook
• Visit CIBC’s Capital Markets Insights Hub 
• For more information on applying for, renewing or switching you mortgage visit CIBC.com

• Despite recent market cooling, prices are still 38% higher than pre-pandemic levels.
• The affordability gap fosters potential social unrest and fuels anti-immigrant sentiments.

[04:09] Benjamin: “This is not a mild recession. This is a major crisis when it comes to affordability.“

• A significant portion of Canadians find homeownership unattainable, with saving for a down payment being a formidable barrier.

• The slowdown has neither stimulated buyer nor seller activity, creating a stagnant market environment.
• Short-term softening of the market is expected due to high supply and low demand.
• However a future rebound may occur as investor interest revives post rate cuts.

[06:46] Benjamin: “We have to realize that we need much more supply of rental units in order to tackle this affordability crisis that we're facing.”

• High interest rates and negative cash flows deter investor participation, affecting overall market dynamics.

[10:25] Benjamin: “With no demand and supply still in the market, I see the condo space relatively soft. After that we get to see it's starting to go down and no supply in the market, you will see investors going back into the market, but that will be a year from now, two years from now.”

• Government measures are seen as inadequate to tackle the severe affordability crisis effectively.
• Experts call for an emergency-level response to increase housing supply and address market imbalances.
• There may be an increase in dissatisfaction among Canadians towards the government's handling of the housing situation.

• Proposed increases in capital gains tax may discourage new investments and dampen economic vitality.

[12:59] Benjamin: “It seems that the Bank of Canada is overshooting by design. They want to make sure that inflation is dead before they cut interest rates and there are very good signs when it comes to inflation.”

• Potential rate cuts by the Bank of Canada could rejuvenate the market but depend heavily on several other economic factors.
• The Canadian economy's performance and U.S. economic trends heavily impact investor decisions and market forecasts.

• Upcoming mortgage renewals at higher interest rates pose significant financial challenges for homeowners.
• Many Canadians will be renewing their mortgages soon, making it important to plan strategically and consult with financial advisors.
• Financial institutions are preparing for increased delinquencies by adjusting funds and renegotiating terms with affected homeowners.

[20:59] Benjamin: “So what do you want to do? Well, it depends on your situation, of course, depends on your risk appetite. But in general, it would be not a bad idea to try to buy time to take a short term mortgage, namely one, maybe two years mortgages by the time and then ride the variable rate mortgages later and take advantage of the fact that the trajectory would be downward as opposed to upward.”

Benjamin Tal is a prominent Canadian economist and the Deputy Chief Economist at CIBC, one of Canada's leading banks. With years of experience in economic analysis and financial forecasting, Benjamin is widely recognized for his expertise in analyzing macroeconomic trends and their implications for the global and Canadian economies.

At CIBC, he plays a crucial role in advising both the bank and its clients on economic developments and investment strategies. His analytical skills and deep understanding of economic intricacies make him a respected figure in the financial community.

Learn more about Benjamin through CIBC. 

If you did, be sure to subscribe and share it with your friends!

Post a review and share it! If you enjoyed tuning in, leave us a review. You can also share this with your friends and family to give them an edge when it comes to planning their financial future around the Canadian housing market.

Have any questions? You can connect with me on LinkedIn or through CIBC’s Facebook, Twitter, or Instagram.

Thanks for tuning in! For more updates, visit our website. You can also listen to more amazing episodes on Spotify or Apple Podcasts.

Hosted on Acast. See acast.com/privacy for more information.

Trying to make sense of the current investment landscape? Worried about inflation eating away at your savings? Want to create a predictable income stream for your future? This episode is for YOU, the Canadian investor seeking smart strategies to build wealth.

In this episode of the Smart Advice Podcast, we are joined by David Scandiffio who is the President and CEO of CIBC Asset Management. David discusses the importance of diversification, asset allocation strategies for different life stages, and opportunities for growth, like private investments. David also shares an optimistic vision for the evolution of investing tools and technologies to better serve investors of the future.

Whether you're just starting your investing journey or looking to protect the wealth you've accumulated, this interview provides practical tips that anyone can apply to help meet their financial goals. By listening to this full interview, you'll learn strategies to help you invest with confidence no matter what challenges the markets may bring. 

If you want actionable advice on growing your money throughout every phase of your life, tune into the full episode.

• Visit CIBC for more smart advice
• CIBC Asset Management
• Linkedin - CIBC Asset Management

• David discusses the importance of adding alpha for clients, highlighting CIBC Asset Management's focus on investment alpha.
• CIBC Asset Management's team of 90 investment professionals manages approximately $200B in assets.
• David emphasizes the importance of alpha in investment management, defining it as value added beyond benchmark performance.
• He highlights how the company adds value through consulting services, managed solutions, and balanced investment strategies.

• David Scandiffio, CEO of CIBC Asset Management, discusses the importance of diversification and starting to save and invest early.
• Macro environment challenges include rising interest rates and inflation, impacting bond holders and mortgage payments.
• David highlights the challenges of investing in a world with high debt levels and geopolitical uncertainty.
• He advises investors to focus on long-term diversified strategies and avoid short-term distractions.

• David and Carissa discuss inflation and rate environment, emphasizing diversification and market timing.
• They dive deep into the inflation and interest rate trends, emphasizing the importance of asset allocation.

• Investors can consider ETFs, bonds, and alternatives like private markets and liquid alternatives for diversification.
• Professional portfolio managers can use ETFs for trading and deleveraging advantages, and direct investors can access them through standalone direct investments or managed solutions.
• David discusses private markets and investment opportunities outside of public markets, including private equity, real estate, and credit.
• Advantages of private investments include flexibility and diversification, with examples of large pension funds investing in infrastructure projects and private credit funds lending to companies.
• David also mentions pension plans have up to 50% of their plans invested in private markets, while individual investors have limited access.
• He suggests that managed solutions or balanced portfolios are the best way for individual investors to access private investments while avoiding the need to manage them on their own.

• David expands on the "Magnificent Seven" tech stocks, including Apple, Microsoft, Amazon, Alphabet, and Tesla, which have driven the S&P 500's growth in 2023.
• Carissa raises concerns about a potential bubble in these stocks, citing their high growth rates and forward-looking earnings expectations.
• To address her concerns, David discusses the potential for growth in AI companies, citing Nvidia as an example with a strong pipeline and moat.
• David highlights the importance of understanding market expectations and valuations, particularly in the US and Canadian markets.

• David shares how some of his clients prioritize capital protection, reducing risk assets (e.g., small-cap, emerging market equities) and leaning towards quality, dividend-paying companies.
• Bonds offer decent yield with lower tax advantage, but bonds trading at a discount to par can provide tax-advantaged capital gains.
• He emphasizes the importance of investing for long-term wealth growth.
• David also highlights the importance of data and AI in investment management.

David M. Scandiffio, CFA brings over three decades of experience in wealth management and investment to his role as President and CEO of CIBC Asset Management.  He joined CIBC in 2015 and is responsible for steering the bank's entire retail and institutional asset management business, including its portfolio management team.

Prior to CIBC, Scandiffio served as President of IA Clarington Funds for more than a decade. He also held the position of Executive Vice President of Wealth Management for Industrial Alliance Life Insurance Company, a subsidiary of IA Clarington.  This extensive background positions him as a key leader within CIBC's Wealth Management Executive Team.

Scandiffio is a strong proponent of responsible investment and has been instrumental in establishing CIBC Asset Management as a leader in this field.  He holds a Bachelor of Science in Actuarial Science and Economics from the University of Toronto and is a CFA charter holder.

If you did, be sure to follow and share it with your friends!

Post a review and share it! If you enjoyed tuning in, leave us a review. You can also share this with your friends and family to give them in-depth insights into the resilience of the Canadian economy.

Have any questions? You can connect with me on LinkedIn or through CIBC’s Facebook, Twitter, or Instagram.

Thanks for tuning in! For more updates, visit our website. You can also listen to more amazing episodes on Spotify or Apple Podcasts.

Hosted on Acast. See acast.com/privacy for more information.

Hosted on Acast. See acast.com/privacy for more information.

Season 1 of the Smart Advice Podcast brought a wealth of financial advice, tips and insights to help support Canadians along their financial journey. We covered a variety of timely and important topics, from the state of the economy and the markets to advice around investing and saving for life’s major goals.

In this bonus episode, we  look back at highlights from this season that can better position you for a successful 2024.

If you’re new to the Smart Advice podcast and want to learn more about the topics we cover , or you’re a loyal listener looking for the biggest takeaways of the year, this episode is for you.

• Visit CIBC for more smart advice
• If you want more insights, check out these previous Smart Advice podcast episodes:
  • Beyond the 60-40 rule: Rethinking the asset mix for modern investors with David Wong
  • Rent vs buy: A conversation with Benjamin Tal  
  • Banking on resilience: An outlook on Canada’s financial sector
  • The great Canadian wealth transfer: From baby boomers to beneficiaries  
  • Estate planning simplified: The Willful way with Erin Bury 
  • How the FHSA helps first-time Canadian homebuyers with Jamie Golombek 
  • What's next for inflation and interest rates? with Avery Shenfeld 
  • The art of financial multi-tasking with Rob Carrick 

• A portfolio with 60% stocks and 40% bonds has provided a long-term balance of growth and stability.
• Remember that in the short term, you will face volatility in the market. When your assets are not diversified, it’s easy to make bad decisions.
• There’s a spectrum within the equity market. This includes markets that are from developed or emerging countries; as well as small-cap and large-cap markets.
• In bond markets, there’s a difference between value investing and growth investing.

[03:43] David Wong: “The more granular we can get in that asset mix, the more we can give better potential reward to risk in our portfolios.”

• The changing real estate market has made many Canadians rethink homeownership options.
• There is nothing wrong with renting property. In fact, this may be the more sensible decision for some.
• Real estate investors should realize there will be more families looking to rent and prefer dealing with a landlord linked to a company.
• Demand for purpose-built rentals is rising annually, yet Canada does not have a good supply.

• The US banks are not likely to impact Canadian banks.
• The Canadian financial sector is much more regulated with 6 major banks and some financial institutions. On the other hand, the US has over 4500 banks.
• Over the past 10 years, the US had 73 bank failures. Canada did not face any bank failures in nearly 100 years.

• Passing along assets is not a simple task, some may have tax implications.
• Before thinking about gifting, you need to make sure you’re in a good financial position to do so.

• Willful was founded for everyday Canadians who  need a simple way to set up a will.
• Insurance is about planning for people you will eventually leave behind. Similarly, an estate plan gives your family assets.

[14:43] Erin Bury: “This is not something you should be waiting to do until retirement. As soon as you have assets to protect, loved ones like a spouse that you want to ensure know your wishes, or children that you'd want to make sure [are] accounted for, even pets more increasingly these days. It's time to think about getting a will…this is not a really time-intensive cost cost-prohibitive process anymore.

• The FHSA helps first-time homebuyers by giving a tax-deductible contribution of up to $8,000 a year for five years.
• The FHSA is now available at CIBC

• Interest rates will eventually stop inflation from rising, we just need to be patient.
• Lower interest rates may start by the spring of 2024.
• Currently, the rate of interest is at 5%. By the end of 2024, this may fall as much as 3.5%.
• However, a 3.5% interest rate is still double the rate of the last business cycle; so, most Canadians would still find this rate very high.

[17:49] Avery Shenfeld: “Interest rates are high enough to do the job. That doesn't mean that inflation is going to magically melt away tomorrow, we're going to have to go through some economic pain, some period of slower growth, [and] a bit of an upturn in unemployment, before we cool spending power enough for inflation to come down. Our view is that…the impact of all those prior rate hikes was kicking in even before the Bank of Canada's last interest rate decision, which was back in July, was slowing spending. And with time, that will bring relief on the inflation front. So we'll need to be patient.”

• We live in an age where people in their 20s are already buying houses and saving for retirement.
• The reality is that these people are exceptions. Many are struggling to save, much less thinking about retirement.
• Most people have the mindset that 65 years old is the start of retirement. However, working longer may be more strategic and keep you active.
• If you consider working past 65 years old, start thinking about how you can shift to a consulting type of relationship in your career.

[20:57] Rob Carrick: “If we were to talk to more people in our position more of our peers, honestly about money, we'd find that there's a lot of people with the same struggles as us, I think that will calm and relax us and make us feel that I have time. And you know what, I got a late start on saving for retirement, but I'm doing it now and I'm 100% committed and I'm going to make up for lost time…getting into the housing market…you could do it in your late 30s, you could even do it in your early 40s. If you are willing to work past 65, time can help take the pressure off.”

[22:11] Rob Carrick: “In your 50s…in your career, start thinking about how am I going to create a post-65 reduced workload consulting type of relationship from what I'm doing now.”

The Smart Advice Podcast has hosted a powerhouse of guests from CIBC and supporters. We thank our colleagues for their immense support for this program: 

• David Wong, CIBC Managing Director and Head of Total Investment Solutions
• Jamie Golombek, CIBC Managing Director, Tax and Estate Planning
• Benjamin Tal, CIBC Deputy Chief Economist
• David Andrich, CIBC Senior Equity Research Analyst
• Richard Voss, CIBC Director of Wealth Strategies
• Marilyn Andrade, CIBC Senior Trust and Estate Consultant
• Mark Herzog, CIBC Managing Director and Head of Institutional Equities
• Erin Bury, Willful CEO and Co-Founder
• Tashia Batstone, President and CEO of FP Canada
• Scott McGillivray, Real estate expert, contractor and media personality
• Avery Shenfeld, CIBC Managing Director and Chief Economist
• Robertson Velez, CIBC Global Equities Portfolio Manager
• Rob Carrick, Globe and Mail personal finance columnist

To learn more about our guests, refer to our episode show notes and highlights.

If you did, be sure to subscribe and share it with your friends!

Post a review and share it! If you enjoyed tuning in, leave us a review. You can also share this with your friends and family to give them in-depth insights into the resilience of the Canadian economy.

Have any questions? You can connect with me on LinkedIn or through CIBC’s Facebook, Twitter, or Instagram.

Thanks for tuning in! For more updates, visit our website. You can also listen to more amazing episodes on Spotify or Apple Podcasts.

Hosted on Acast. See acast.com/privacy for more information.

1. Understand how Canadian businesses can prepare for generational wealth transition.
2. Gain practical tips on business succession, valuation, and managing complex family dynamics.
3. Reflect on the emotional side of entrepreneurship and how legacy planning shapes the future.

• CIBC's "Smart Advice" Podcast and Website - Website | Apple Podcast | Spotify
• Visit CIBC for more Smart Advice
• Iain Gallagher: LinkedIn | CIBC Profile

• Canada’s business environment has undergone several changes in recent years.
• Entrepreneurs have faced challenges from the pandemic, supply chain disruptions, inflation, and staffing shortages.
• Despite uncertainty, Canadian businesses continue to show strength and adaptability.
• Iain Gallagher believes that resilience and optimism still define today’s entrepreneurs.

• More Canadians than ever aspire to start their own businesses.
• Younger entrepreneurs are blending creativity with technology to reshape traditional industries.
• Many are bringing fresh perspectives through lifestyle, wellness, and tech-driven ventures.
• Iain highlights the growing impact of immigrant entrepreneurs on Canada’s business growth.

• Today’s business owners must embrace technology from day one.
• Digital tools now drive marketing, sales, and operations, reducing costs and improving efficiency.
• Strong financial systems are vital to support decision-making and sustainable growth.
• Iain explains how modern entrepreneurs can scale faster by leveraging digital solutions.

• A large wave of Canadian business owners plans to retire within the next decade.
• This generational shift poses both risks and opportunities for the economy. It also presents personal challenges for some entrepreneurs.
• Iain emphasizes the need for families to have open discussions about business succession plans.
• Preparing early helps avoid rushed transitions and protects the value of the business.

[09:40] Iain: “What we really try and encourage our clients to do is have those conversations and really talk about what everyone's goal is and what's the best way of achieving that.”

• Even if a sale is years away, owners should start preparing now.
• Iain outlines three key steps: strengthen financial reporting, delegate management, and share client relationships.
• Letting go of control allows teams to grow and businesses to operate independently. 
• Many entrepreneurs misunderstand the true value of their business, making preparation even more critical.

[12:20] Iain: “As the business matures, grows, the number of people you have working for you increases. Owners really have to take a step back.”

• Strong financial systems, clear reporting, and solid management make a company more attractive and valuable to buyers.

• Selling a business is deeply personal for most entrepreneurs.
• Owners often see their company as part of their identity and community.
• Iain discusses the emotional attachment and the importance of defining success beyond price.
• Planning for employees’ future and preserving the founder’s legacy helps ease the emotional transition.

• A smooth business succession comes from preparation, clarity, and self-awareness.
• Owners must decide what they want their role to be after the sale.
• Iain compares selling a business to selling a home. Presentation and readiness matter to potential buyers.
• Making small operational and financial improvements can significantly boost value.

• The right advisors can make or break a transition.
• Iain stresses the importance of having accountants, lawyers, and M&A experts involved early.

[21:43] Iain: “We couldn't do what many entrepreneurs do, but similarly, they can't do what we do. So we really encourage people to get the right advisors around them and identify them early on, because again, never want to think of an entrepreneur, business owner, a family, being pushed into transactions when they're not prepared.”

• Long-term relationships with trusted advisors help owners make informed decisions.
• A strong advisory team ensures both the business and shareholders are ready when the opportunity to sell arises.

• Selling a business creates a new financial reality for entrepreneurs.
• Many owners need guidance to manage newfound wealth and plan for the next phase.
• Iain explains how collaboration with financial planners, tax experts, and family members can align goals.

• Carissa closes the episode by highlighting the dedication and resilience of Canadian business owners.
• Early planning and honest conversations can make every transition smoother and more meaningful.
• Each step, from preparation to letting go, helps shape a lasting legacy.
• Thoughtful decisions today can secure success for both current and future generations.

Connect with Carissa Lucreziano on LinkedIn.

Iain Gallagher is the Managing Director and Head of Mid-Market Investment Banking at CIBC. With more than 25 years of experience, he has helped Canadian entrepreneurs navigate business succession, sales, and transitions. He focuses on helping owners realize the full value of their companies. Iain also ensures that the legacy they’ve built is protected. His experience covers industries like manufacturing, distribution, technology, and services.

Known for his thoughtful approach, Iain understands the emotional side of every business transition. He also recognizes the financial complexity that comes with it. He works closely with families and founders to ensure each step of the process reflects their goals and long-term vision.  Through his leadership, he supports the next generation of Canadian business owners. He helps them plan with confidence, grow their businesses, and adapt to change.

Connect and learn more about Iain Gallagher on his LinkedIn.

If you did, be sure to subscribe and share it with your friends!

Post a review and share it! If you enjoyed tuning in, leave us a review. You can also send this to your friends and family. Business ownership in Canada is changing as many entrepreneurs prepare to pass on what they’ve built. This shift brings both opportunity and challenge. Each choice can shape the future of the business and those who run it. With business succession planning and the right guidance, every transition can lead to lasting success.

Have any questions? You can connect with me on LinkedIn or through CIBC’s Facebook,or Instagram.

Thanks for tuning in! For more updates, visit our website. You can also listen to more amazing episodes on Spotify or Apple Podcasts.

Hosted on Acast. See acast.com/privacy for more information.

Navigating rising housing and grocery prices, managing bills, and dreaming of homeownership by 30? Wondering if retiring at 65 is still feasible? The financial roadmap has shifted from what our parents and grandparents once knew.

The art of financial multi-tasking—juggling multiple financial goals simultaneously—can be a game-changer. It allows you to steadily chip away at your financial milestones, ensuring you're not just focused on one, but making progress across the board.

In this episode of Smart Advice, Globe and Mail personal finance columnist Rob Carrick offers a real-world view of modern finance. Drawing from over three decades of personal financial experience, he understands the evolving milestones of today, different from yesteryears.

Join us to explore whether you should still chase the financial dreams of previous generations or carve out your own path.

Resources

·         The Stress Test Podcast

·         Carrick on Money

·         Financial advice for every step of the way available on CIBC Smart Advice

·         Connect with Rob Carrick on: LinkedIn | Twitter | Website | Globe and Mail

Hosted on Acast. See acast.com/privacy for more information.

Artificial Intelligence (AI) has been a popular topic in recent years, especially with the advancement of generative AI and the creation of tools like ChatGPT. People and businesses alike are exploring ways to integrate the technology into our daily lives from education and services, to businesses and investing.  

To look at the growing opportunities for generative AI in finance, Robertson Velez is here to join us on Smart Advice. He is a Portfolio Manager with CIBC’s Global Equities team responsible for stock selection, portfolio construction and risk control for the Technology and Communications sleeves of the Renaissance Global Technology Fund and CIBC Global Technology Fund. He also has a 12-year career in computer engineering. This makes Robertson uniquely qualified to help us better understand the impact of AI on finance and beyond. He dives into how AI has been used in the past while identifying opportunities for the future. 

Join us as we discuss the growing use and potential of generative AI on this episode of Smart Advice.

Resources

·         CIBC Smart Advice

·         Read the CIBC Asset Management Market Spotlight on Generative AI

·         Watch Generative Artificial Intelligence: What investors need to know

·         Listen to Robertson Velez on the Advisor To Go podcast: Identifying investment opportunities in AI

·         Learn more about the CIBC Global Technology Fund

Hosted on Acast. See acast.com/privacy for more information.

The strength of the economy and how it impacts Canadians is top of mind right now. Over the last year, Canadians have faced high inflation, multiple interest rate hikes and a rising unemployment rate. So it’s no surprise, many are wondering what to expect next.

In this episode, CIBC’s Managing Director and Chief Economist, Avery Shenfeld joins us to give his insights and analysis on the market and answer some pressing questions about the Canadian economy. From inflation and interest rates to buying and investing, Avery talks to us about the current economic situation in Canada and what it might look like in the next few years.

Listen to this episode and find out what the Canadian economy looks like today and how that can impact your daily life.

• CIBC Smart Advice
• Avery’s weekly newsletter, The Week Ahead
• View the latest research and commentary from CIBC's Economics team

Hosted on Acast. See acast.com/privacy for more information.

There’s growing interest in investing in the housing market right now, but starting a portfolio in real estate investing can be challenging and many may even be wondering if this is the right time to invest, given the current climate.

In this episode, Scott McGillivray joins us on Smart Advice with his answer — don’t think about timing the market, instead, think about how much time you will be in the market. This episode is a goldmine for new and experienced investors alike, as we discuss the strategies Scott used to build his portfolio and key considerations you need to think about when choosing the right location and renovations.

Looking to step into real estate investing or want to review your portfolio? This episode can help inspire you to make better decisions! And for more valuable insights from Scott and Carissa, check out season 3 of Buying In.

• Listen to our previous episodes on Rent vs buy with Benjamin Tal and the First Home Savings Account with Jamie Golombek
• Check out the CIBC Smart Advice Mortgage Affordability Calculator as well as articles on buying or renovating a home
• Connect with Scott at his Website. Alternatively, follow him on Facebook, Twitter, Instagram, and YouTube

Hosted on Acast. See acast.com/privacy for more information.

Homeownership is a dream that many Canadians aspire to, but with rising home prices — especially in places like Ontario or Vancouver, BC — achieving that dream is becoming more difficult.

That’s where the First Home Savings Account comes in. It’s a new savings plan introduced to help first-time Canadian homebuyers land their first home. In this episode, Jamie Golombek gives us an overview of the FHSA and how it can be used to its fullest potential. We also review some scenarios where the FHSA is — or isn't! — applicable.

The new First Home Savings Account (FHSA) is coming to CIBC this November. Connect with your advisor or visit cibc.com/FHSA to sign up for updates

Resources

• Listen to the previous episode with Benjamin Tal, Rent versus Buy!
• CIBC Smart Advice
• Look up Jamie Golombek’s website for tax advice!

Hosted on Acast. See acast.com/privacy for more information.

Hosted on Acast. See acast.com/privacy for more information.

When it comes to difficult conversations, those around wills and estate plans tend to top the list. The planning can be emotional, overwhelming or costly. But it is a conversation worth having, if you want to ensure your wishes are carried out and the process itself doesn’t need to be as complicated as you may think.

On this episode of Smart Advice, we are joined by Willful’s CEO and Co-Founder, Erin Bury. She shares the inspiration and motivation behind the birth of Willful, a do-it-yourself online will platform that simplifies essential components of the estate planning process. Erin also talks about the importance of estate planning early on and when to update your estate plan.

If you want to ensure your loved ones are taken care of, long after you are gone, this episode is for you.

Create a will online in less than 20 minutes and get a 20% discount as a CIBC client with our partnership with Willful

Hosted on Acast. See acast.com/privacy for more information.

The recent market trends have taken even the most seasoned investor for an emotional roller coaster ride. And those feelings can have a significant impact on financial decisions, driving both savvy and irrational investment choices.

In this episode of Smart Advice, CIBC’s Managing Director and Head of Institutional Equities Mark Herzog joins us. As a seasoned trader and investor, Mark shares his insights into emotional investing and how creating a rock-solid investment plan can allow you to make well-balanced decisions and navigate the market with confidence.

 

If you want to discover how to have a framework around your emotions when investing, this episode is for you.

Watch Mark Herzog in “CIBC Investor’s Edge: Greed, fear, hope, regret… repeat”

Hosted on Acast. See acast.com/privacy for more information.

Hosted on Acast. See acast.com/privacy for more information.

In a time of global economic uncertainty, concerns about how the US banking crisis might impact Canadian banks and the overall economy, have emerged. But it’s time to put those worries to rest. The Canadian financial system stands on solid ground, compared to its American counterparts.

In this Smart Advice episode, we delve into the state of the Canadian economy, with senior equity research analyst David Andrich. With a keen eye on bank stocks and their implications, Andrich shares his optimism for the Canadian economy despite some potential headwinds.

For those seeking a deeper understanding of how Canada’s well-structured financial system acts as a safeguard against turbulent economic conditions, this episode is for you.

Hosted on Acast. See acast.com/privacy for more information.

1. Gain insight into the practical and emotional complexities of intergenerational wealth transfer, including the rise of living gifts.
2. Discover how wills and estate plans are key to ensuring your wishes are respected and your family’s future is protected, along with strategies on having open family conversations about inheritance.
3. Learn why financial independence matters and how the younger generation can build wealth beyond inheritance.

• CIBC's "Smart Advice" Podcast and Website - Website | Apple Podcast | Spotify
• Visit CIBC for more Smart Advice
• Richard Voss: LinkedIn | CIBC Profile

• Canada is seeing the largest intergenerational wealth transfer in its history.
• Richard Voss, Director of Wealth Strategies at CIBC, brings years of experience helping families manage the emotional and financial sides of passing on wealth.
• Gifting wealth while still alive is becoming more popular as Canadians live longer and want to see the impact of their generosity.
• Many people inherit at older ages, but financial support might have been more useful earlier in life.
• Giving during one’s lifetime can strengthen family relationships and create meaningful opportunities for the next generation.

[02:45] Richard: “And so the question then arises, could a gift have been more effective and valued if they had received it at an earlier age? And I would argue, the answer to that is a resounding yes.”

• Despite the increasing number of people planning to make a wealth transfer, nearly half of Canadians still don’t have a will.
• Richard breaks down why this gap exists, from discomfort discussing mortality to the belief that “it can wait.”

[05:38] Richard: “Making a will is so important because it provides guidance to your survivors and your executors on how you want your assets divided. It reduces conflicts as your instructions are captured in a clear way and are formally recorded in a legal document.”

• A clear and legal will ensures your wishes are respected. Without one, provincial laws decide how assets are divided, which can lead to unintended and costly outcomes.
• However, a will alone is not an estate plan. Richard explains that a complete plan also includes powers of attorney and beneficiary designations.
• Every family’s situation is unique, and creating a complete plan ensures both financial and emotional peace of mind.

• Talking about wealth transfer, inheritance, and legacy can be uncomfortable, but it is necessary.
• Richard recommends regular family meetings to maintain transparency and consistency.

[10:28] Richard: “Having everyone together is better than having separate one on one conversations. It allows for consistency and continuity and the ability to ask questions both ways.”

• Establishing ground rules helps create a safe, judgment-free space for everyone to share their thoughts.
• These conversations can strengthen family understanding, align values, and prevent future misunderstandings.

• Rising costs of living mean many young Canadians can’t rely on inheritance alone for financial security.
• Richard shares practical steps, starting with living within their means and saving with purpose.
• He outlines the 20/50/30 approach: 20% to savings, 50% to fixed expenses, and 30% to discretionary spending.
• The focus, he says, should be on developing strong habits early and working with financial advisors to build long-term wealth.

• Carissa reflects on Richard’s advice and emphasizes the importance of consistency and professional support.
• Together, they highlight how collaboration with a trusted advisor can help Canadians stay on track with financial goals.
• Richard encourages those living at home or with fewer expenses to take advantage of the opportunity to save more.
• Commitment and consistency are key to achieving financial goals and building confidence over time.

• Richard advises taking time to pause after receiving an inheritance, especially if it comes from a loss.
• It is also beneficial to take the time to reflect, especially after the loss of a loved one..
• For significant inheritances, he recommends creating or updating a financial plan with professional advice.
• Even a modest inheritance can strengthen financial stability when used to reduce debt or invest for the future.

• Carissa closes the episode by emphasizing that planning for the future takes time and patience.
• Even small steps, like writing a will or starting family discussions on wealth transfer, can make a meaningful difference.
• The key is to start early, involve loved ones, and seek professional guidance when needed.
• Thoughtful planning today can build stronger financial foundations for generations to come.

Richard Voss is the Director of Wealth Strategies at CIBC Private Wealth. He has spent years helping Canadians navigate the complexities of financial decision-making. His work focuses on creating thoughtful strategies that align financial goals with personal values. Through his guidance, families gain clarity on how to preserve and share wealth across generations. Richard is known for bringing both technical expertise and a deeply human approach to every conversation.

Richard understands that strategic insight must also have empathy. He helps clients make informed decisions about wills, trusts, and long-term planning whilst maintaining harmony within their families. His approach emphasizes education, collaboration, and confidence in managing wealth. Above all, Richard is passionate about helping Canadians protect what matters most to them while building legacies.

Connect and learn more about Richard Voss on his LinkedIn or CIBC Profile.

If you did, be sure to subscribe and share it with your friends!

Post a review and share it! If you enjoyed tuning in, leave us a review. You can also send this to your friends and family. Wealth is changing hands faster than ever as a new generation steps into financial responsibility. Families across Canada are learning how to give, receive, and plan with purpose. This brings both opportunities and challenges, from tax implications to keeping family conversations. Explore how thoughtful planning can make every wealth transfer count, today and for the generations to come.

Have any questions? You can connect with me on LinkedIn or through CIBC’s Facebook, Twitter, or Instagram.

Thanks for tuning in! For more updates, visit our website. You can also listen to more amazing episodes on Spotify or Apple Podcasts.

Hosted on Acast. See acast.com/privacy for more information.

Hosted on Acast. See acast.com/privacy for more information.

Hosted on Acast. See acast.com/privacy for more information.

The 60-40 portfolio has been a go-to investment strategy for decades. Unfortunately, it encountered a major setback in 2022, with stocks and bonds experiencing substantial losses.

Persistently low interest rates and market unpredictability are complicating today's financial landscape, in turn igniting a debate regarding the relevance of the 60-40 model. In this episode, David Wong, Managing Director and Head of Total Investment Solutions with CIBC Asset Management, shares insights on how to achieve a balance between stability and growth.

Hosted on Acast. See acast.com/privacy for more information.

Hosted on Acast. See acast.com/privacy for more information.

1. Learn how interest rate cuts actually affect variable and fixed-rate mortgages, and what that means for your next renewal.
2. Understand the regional differences shaping Canada’s housing markets, including why now may be an opportunity for condo buyers.
3. Gain practical strategies for staying financially resilient, from managing employment uncertainty to making smart spending decisions.

• CIBC's "Smart Advice" Podcast and Website - Website | Apple Podcast | Spotify
• Visit CIBC for more Smart Advice
• Andrew Grantham: LinkedIn | CIBC Author Profile

• Canadians are facing uncertainty as interest rates shift, the Canadian housing market fluctuates, and recession fears dominate the headlines.
• Rising costs and uneven recovery raise important questions about affordability and financial security.
• Host Carissa Lucreziano introduces guest Andrew Grantham, Senior Economist at CIBC Capital Markets.
• Andrew is well-positioned to explain today’s challenges, connecting big-picture trends to the financial decisions Canadians face.
   

• The Bank of Canada and the U.S. Federal Reserve recently trimmed rates, offering a small sense of relief.
• For some households, variable-rate mortgages and credit lines see immediate benefits, while fixed rates remain largely unchanged.
• Carissa asks Andrew about the broader impact on the Canadian housing market, from overheated urban centers to smaller regions.
• Andrew explains why local differences matter, noting ongoing weakness in Toronto and Vancouver but signs of recovery elsewhere.

[04:16] Andrew: “We are seeing that, particularly with the population growth we've seen in some of the prairie provinces, for example, there is the demand there, and even though building has increased in those provinces, we are still seeing that the housing market there is reasonably strong and prices are continuing to rise a little bit.”

• Condos, particularly in Toronto, are experiencing weak demand and falling prices.
• Developers struggle to pre-sell units, slowing the pace of new construction.
• Andrew explains how reduced supply could eventually stabilize the market as demand slowly returns.
• He advises Canadians not to wait too long, as even a small rise in demand could shift conditions.

• Many Canadians wonder if mortgage rates will fall further before they make financial moves.
• Andrew notes that while rates are lower than last year, they will likely not return to pandemic-era levels.
• He emphasizes that rates today are closer to 2019 levels, when the market was more balanced.
• His advice: focus on manageable payments and comfort, rather than trying to time the market.

• Canada’s economy is deeply linked to U.S. policy decisions, creating ripple effects north of the border.
• Andrew discusses Mark Carney’s approach to strengthening ties while avoiding rushed trade deals.
• While many goods still enter the U.S. tariff-free, sector-specific tariffs continue to impact industries like steel, aluminum, and autos.
• Ontario and Quebec face the greatest pressure, while most other provinces remain less affected.

• With Black Friday approaching, Canadians are weighing the cost of cross-border shopping.

[11:30] Andrew: “In terms of that cross-border shopping activity, a big theme over this year, even before talking about those Black Friday Sales, has been the drive to buy Canadian.”

• A weaker Canadian dollar makes U.S. purchases more expensive, but a “buy Canada” trend is emerging.
• Andrew notes that spending at home could benefit local retailers this holiday season.
• He explains how the loonie’s movement is tied to U.S. dollar strength, limiting expectations for quick improvement.

• Headlines continue to question whether Canada is already in a recession.
• Andrew clarifies the difference between the technical definition and how people actually feel.
• While contraction occurred earlier in the year, he expects recovery in the second half.
• For many in Ontario and B.C., falling home prices and job struggles still make it feel like a recession.

[15:48] Andrew: “What's interesting though, in the current situation is that that excess increase in unemployment for young people has gone above and beyond even what we would typically see given what's happened on the economy as a whole, on a national basis.”

• Canadians want to know how to protect themselves in uncertain times.
• Andrew advises setting money aside for emergencies and focusing on long-term goals.
• He emphasizes avoiding short-term “headline risks” and instead building steady resilience.
• His message: consistent saving and a long-term view remain the strongest strategies.

• Canada is adjusting to a new trade environment, higher but stabilizing interest rates, and shifting consumer patterns.
• Andrew highlights Canada’s strengths, including infrastructure investment, natural resources, and a skilled labor force.
• He notes that while the economy feels heavy today, long-term prospects remain strong.
• Final takeaway: Canadians should focus on opportunities ahead, not just the short-term noise.

As Senior Economist with CIBC Capital Markets, Andrew Grantham has a wide range of experience in different areas of economic and market forecasting, providing both a Canadian and global perspective. His focus includes interest rates, the Canadian housing market, consumer spending, and trade. Through his work, he has helped Canadians understand how big trends connect to everyday financial decisions. Andrew often shares insights on mortgage affordability, youth unemployment, and cross-border ties.

Andrew blends data-driven analysis with a practical perspective on the Canadian economy. In his analyses, he highlights both the challenges and the opportunities that lie ahead. His goal is to help Canadians move past headlines and focus on what matters for long-term resilience and growth.

Connect with Andrew Grantham on his LinkedIn or CIBC Author Profile.

If you did, be sure to subscribe and share it with your friends!

Post a review and share it! If you enjoyed tuning in, leave us a review. You can also send this to your friends and family. Interest rates, jobs, and trade are all shifting. The Canadian housing market is fluctuating depending on where you go. This creates a landscape that feels uncertain but also full of possibility. Discover how these changes connect, and learn what they mean for your financial decisions today and for the years ahead.

Have any questions? You can connect with me on LinkedIn or through CIBC’s Facebook, or Instagram.

Thanks for tuning in! For more updates, visit our website. You can also listen to more amazing episodes on Spotify or Apple Podcasts.

Hosted on Acast. See acast.com/privacy for more information.

1. Learn why now is the time to take advantage of Canada’s current capital gains rate and how it can impact your investment returns.
2. Explore the ins and outs of owning property outside of Canada and how to avoid double taxation and cross-border estate issues.
3. Hear practical year-end tax planning strategies, from charitable giving to tax-loss selling, to help you keep more of your wealth and achieve your financial goals.

• CIBC's "Smart Advice" Podcast and Website - Website | Apple Podcast | Spotify
• Visit CIBC for more Smart Advice
• Jamie Golombek: Website | LinkedIn | X (Twitter) | CIBC Profile

• Taxes shape nearly every financial choice, from investing to passing down property.
• Without tax planning, policy shifts can create unexpected costs and reduce wealth.
• Jamie Golombek, Managing Director of Tax and Estate Planning at CIBC, brings over 25 years of experience to the discussion.
• His insights highlight how smart strategies can preserve assets and support long-term goals.

• Canadians face uncertainty as new government leadership and upcoming budgets could shift tax rules.
• Jamie outlines the likelihood of higher taxation for top earners and possible adjustments to credits and exemptions.

[02:24] Jamie: “No one knows what will happen. We are expecting a fall budget. I mean, the latest information we have from publicly available sources is that the budget will drop in October. We're going to wait and see what will be in that budget.”

• He explains why tax cuts are unlikely and why rates at the high end can discourage productivity.
• Keeping a close eye on government priorities is essential for anticipating the next wave of changes.
  
   

• The proposed increase in the capital gains inclusion rate was cancelled, creating relief for many investors.
• Jamie explains that the rate remains at 50%, with both advantages and drawbacks.
• Investors should use this favorable rate strategically, particularly in non-registered accounts.
• Real estate and equity holdings can benefit from thoughtful positioning under current rules.

[08:44] Jamie: “Take advantage of capital gains; the fact that we have the lowest rate, even lower than the rate on dividend income, which is also favorable because the dividend tax credit. Take advantage of it, both in your portfolios, your non-registered portfolios, as well as if you're doing any real estate investment.”

• Owning property outside Canada can expose investors to double taxation, foreign estate taxes, and currency risk.
• Jamie stresses that Canadians are taxed on worldwide income, so all gains and rental income must be reported.
• Local tax advice, paired with Canadian expertise, is key to managing obligations across borders.
• Proper planning can prevent costly errors and preserve long-term property value.
   

• Passing down cottages or vacation homes raises both emotional and financial challenges.
• Jamie highlights the need for family conversations to determine if children actually want the property.
• Deemed dispositions at death can create large tax bills, requiring liquidity planning.

[16:55] Jamie: “Remember, you haven't actually sold it. There is no real money, but there is this sort of deemed disposition concept, and therefore you've got to come up with the cash to pay the tax.”

• Options such as sinking funds, equalizing assets, or family trusts can help families transition smoothly.

• Balancing fairness between children is a common concern in estate planning.
• Jamie explains how dividing assets can work but stresses the importance of considering tax consequences.
• Life insurance is one tool that can equalize estates or cover tax liabilities.
• Coordinated planning with advisors ensures both fairness and tax efficiency.

• Practical strategies can make a big difference before the calendar year closes.
• Jamie recommends tax-loss selling, charitable donations, and contributions to first-home savings accounts.
• Business owners should also review compensation strategies, weighing salary versus dividends.
• Year-end deadlines make it critical to act early and plan ahead.

• Proactive tax planning protects wealth and reduces unnecessary costs.
• Jamie directs listeners to his website and Financial Post column for ongoing guidance.
• The key lesson is that taxes, while inevitable, can be managed with foresight and good advice.
• Building long-term financial security starts with planning, strategy, and informed choices.

Jamie Golombek is the Managing Director of Tax and Estate Planning at CIBC. With more than 25 years of experience, he has become one of Canada’s most trusted voices on tax strategy and wealth preservation. His expertise spans tax policy, capital gains planning, property ownership, and intergenerational wealth transfer. Jamie is also a longtime contributor to the Financial Post, where his weekly column helps Canadians make sense of complex tax issues and apply them in practical ways.

Respected for his ability to simplify complicated topics, Jamie has appeared on BNN and CTV News. He has also been a frequent guest on podcasts and conferences across the country. His commentary bridges technical detail with everyday financial decisions, giving clarity to Canadians navigating taxes in real time. Through his work, he equips individuals and families with strategies to minimize costs, protect assets, and build wealth with confidence.

Connect with Jamie Golombek on his LinkedIn or CIBC Profile.

If you did, be sure to subscribe and share it with your friends!

Post a review and share it! If you enjoyed tuning in, leave us a review. You can also send this to your friends and family. Taxes may be unavoidable, but smart strategies can change the outcome. Discover how tax planning helps preserve wealth, reduce costs, and prepare for policy changes. Learn how to navigate property ownership, cross-border rules, and wealth transfers while keeping more money toward your goals.

Have any questions? You can connect with me on LinkedIn or through CIBC’s Facebook, or Instagram.

Thanks for tuning in! For more updates, visit our website. You can also listen to more amazing episodes on Spotify or Apple Podcasts.

Hosted on Acast. See acast.com/privacy for more information.

1. Discover why the fixed income asset class is not just the “quiet” side of your portfolio and why everyone should have a portion in their portfolios, offering attractive yields, stability, and protection against market volatility.
2. Learn how investment-grade bond funds and laddering strategies can help you manage reinvestment risk, match your investments to your cash flow needs, and diversify beyond traditional options.
3. Get actionable advice on putting idle cash to work, protecting your purchasing power from inflation, and why timing the market is less effective than having a disciplined fixed income strategy aligned with your short- and long-term goals.

• CIBC's "Smart Advice" Podcast and Website - Website | Apple Podcast | Spotify
• Visit CIBC for more Smart Advice
• Aaron Young: LinkedIn

• Fixed income plays a steady role in building and protecting wealth, even though it rarely makes headlines.
• These investments balance portfolios, preserve capital, and provide flexibility for both short- and long-term goals.
• The episode features Aaron Young, Executive Director and Head of Client Portfolio Management at CIBC Global Asset Management.
• With over 15 years of experience, he offers insights into why a fixed income strategy matters now more than ever.

• Fixed income is entering what experts call a “golden age,” offering attractive yields and renewed importance in portfolios.

[03:06] Aaron: “Right now, fixed income is in a bit of a golden age, for lack of a better term. What I mean by that is we've hit a nice balance point in fixed income markets where this asset class can generate a really attractive income potential for clients, and it can do so while also regaining a bit of that role of hedging risk.”

• Yields, once near zero, have returned to healthier levels, restoring the income investors expect from this asset class.
• Global factors like trade policies, tariffs, and geopolitical shifts continue to shape the outlook for bonds.
• Active management becomes crucial in this environment, turning volatility into opportunities for added returns.

• Diversification across asset classes is essential, with fixed income providing a counterbalance to equities and alternatives.
• Bonds protect capital, generate predictable coupons, and reduce portfolio volatility in uncertain markets.
• Capital appreciation is another underappreciated benefit, as mispriced bonds can deliver strong upside potential.

[06:58] Aaron: “I would say for any level of investor, you should have a portion of fixed income in your portfolio for diversification, and not diversification such as a sector or holding a single stock versus other companies. Its diversification of where your risk and return comes from.”

• The role of fixed income shifts depending on investor needs, risk tolerance, and life stage.

• Beyond GICs, investment-grade bond funds offer predictable returns with the added benefits of interest and price appreciation.
• These funds provide tools to align investments with cash flow needs while diversifying risks.

[10:45] Aaron: “The investment grade bond funds really was a focus on, how do we build something that's similar to a GIC in a lot of respects, in terms of target maturity date, I know I'm going to get my capital back, not the same risk profile, but also not going out and buying really high risk bonds, where the prices fluctuate quite a bit day to day, we buy governments and really solid large cap corporate bond issues.”

• Laddering, or staggering maturities, helps manage reinvestment risk and interest rate fluctuations.
• Together, these strategies expand fixed income options, giving investors greater flexibility than traditional choices alone.

• A fixed income strategy can align with specific cash flow needs such as saving for education, a home, or a cottage.
• Investment-grade bond funds allow investors to match maturities to future liabilities with confidence.
• This approach ensures capital is available when needed while still generating income along the way.
• By protecting against reinvestment risk, bond funds create stability without leaving money idle.

• Holding excess cash on the sidelines exposes investors to the silent erosion of inflation.
• Opportunity cost can be significant, as sitting still means missing out on steady income streams.
• Timing the market is notoriously difficult, even for professional investors with advanced tools.
• Fixed income serves as a bridge between cash and equities, offering stability while keeping money productive.

• Fixed income portfolios can be adjusted in real time to capture opportunities and manage risks.
• A dedicated team of experts at CIBC Global Asset Management specializes in areas like government bonds, corporate credit, and global rates.
• Sharing ideas across disciplines ensures portfolios benefit from the best thinking across the firm.
• Market inefficiencies in bonds create opportunities for active managers to add consistent long-term value.

• Fixed income offers multiple levers to manage risk and generate returns, from interest rates to credit exposure.
• Large institutional strategies, such as liability-driven investing, inspire approaches suitable for individual investors.
• The market’s inefficiencies, like off-exchange , provide advantages for skilled active managers.
• Agility and collaboration within the team enable CIBC to adapt quickly beyond headlines or central bank announcements.

• A fixed income strategy remains a vital part of any portfolio, providing stability, income, and diversification.
• Bonds can be tailored to meet both short-term cash flow needs and long-term growth objectives.
• Aaron Young emphasizes the importance of viewing fixed income as a flexible tool for achieving financial outcomes.
• His closing message reinforces that bonds will always have a rightful place in helping Canadians reach their goals.

Aaron Young is the Executive Director and Head of Client Portfolio Management at CIBC Global Asset Management. With more than 15 years of experience in fixed income markets, he has dedicated his career to helping global investors understand the power of bonds and income-generating investments. His work spans from guiding individual investors to managing portfolios for some of the country’s largest institutions, including pension plans, foundations, and endowments. Aaron specializes in strategies that balance income generation, capital preservation, and long-term growth in both traditional and alternative fixed income strategies.

Known for his passion for making fixed income accessible, Aaron brings clarity to a part of investing that is often overlooked. He believes bonds are not just the “quiet side” of a portfolio, but a dynamic tool that can stabilize wealth, reduce volatility, and create new opportunities for investors. Through his expertise, he empowers Canadians to look beyond traditional GICs and embrace innovative solutions that align with their financial goals.

Connect with Aaron Young on his LinkedIn.

If you did, be sure to subscribe and share it with your friends!

Post a review and share it! If you enjoyed tuning in, leave us a review. You can also send this to your friends and family. Market headlines come and go, but steady income and protection never go out of style. Discover how a fixed income strategy can safeguard your wealth while still keeping your money working. Learn to build stability, generate returns, and move forward with confidence in any market.

Have any questions? You can connect with me on LinkedIn or through CIBC’s Facebook, , or Instagram.

Thanks for tuning in! For more updates, visit our website. You can also listen to more amazing episodes on Spotify or Apple Podcasts.

Hosted on Acast. See acast.com/privacy for more information.

1. Learn how to approach saving for future education as a long-term goal, and with an investor mindset.
2. Learn how to build a resilient RESP investment strategy that adapts to market shifts, and discover investment solutions designed to evolve with your child’s age.
3. Gain insights into how to build financial literacy with your children and family, so you can work together to achieve your long-term education planning goals.

• CIBC's "Smart Advice" Podcast and Website
• Visit CIBC for more Smart Advice
• Michael Keaveny: LinkedIn
• CIBC Education Portfolios
• CIBC Registered Education Savings Plan Calculator
• Canada Education Savings Grant
• Canada Learning Bond

• Education has become one of the most significant financial milestones for Canadian families.
• The challenge of covering post-secondary costs is growing rapidly, with projected expenses expected to exceed $100,000 for today’s children.
• Carissa Lucreziano welcomes Michael Keaveney, Vice President of Managed Solutions at CIBC Asset Management, to explore how families can financially prepare.
• With decades of investment experience and a personal understanding of education planning, Michael offers strategies grounded in both data and lived insight.

• Saving for education can feel overwhelming, especially alongside other priorities like mortgages and retirement.
• Yet starting early and contributing consistently can dramatically shift what’s possible through the power of compounding.

[04:14] Michael: “Those two things, starting early and having a regular investment plan are actually behaviors within your control, and focusing on what's in your control, is central to any investment strategy.”

• Michael explains how automatic, regular investments help parents stay on track and reduce future financial stress.
• Early action builds both savings and financial flexibility as your child’s path evolves.

• Market volatility can make education investors second-guess their decisions, especially during uncertain times.

[08:56] Michael: “You do get periodic spikes in volatility in the market for various and different reasons, but we know that if you take a longer-term timeframe, the market bounces back and goes on to new highs.”

• But staying invested over the long term remains one of the most effective ways to reach savings goals.
• Michael shares his own experience of riding out major market downturns and stresses the importance of adjusting risk as the goal gets closer.
• Carissa adds that a resilient strategy includes knowing when to shift from growth to stability.

• Education timelines require unique investment strategies that evolve with a child’s age.
• CIBC Education Portfolios are designed to shift automatically, from equities to bonds, as the target date approaches.
• Michael explains how these portfolios offer a built-in glide path, helping parents stay aligned with their child’s educational timeline without constant rebalancing.
• Carissa notes how this reduces guesswork and supports parents who prefer a hands-off yet intentional approach.

• Education planning isn’t just about money, but it’s an opportunity to teach lasting financial habits.

[18:08] Michael: “I think it's entirely appropriate and a good idea for children to learn that the money didn't fall out of the sky. That a plan was put together, a conscious choice was made, maybe even at the expense of other options, and that the plan continues to be monitored.”

• Bringing children into the savings journey can build their confidence, agency, and understanding of long-term goals.
• Michael suggests giving children the chance to contribute, even in small ways, to foster ownership and awareness.
• Carissa shares how celebrating milestones like grants or savings goals can make the experience both personal and impactful.

• Education paths aren't always predictable. Some children take time off, change direction, or choose alternatives.
• RESPs offer flexibility with up to 36 years to use the funds and options to transfer, repurpose, or adjust as needed.
• Michael outlines various RESP scenarios and explains how different rules apply depending on the child’s path.
• Carissa emphasizes the importance of speaking with a financial advisor to understand which options are available and best suited for your family.

• Education planning for your child may feel like a big goal, but it’s one of the most rewarding investments a family can make.
• Starting early, contributing regularly, and staying flexible helps parents build not just savings and confidence.
• Michael emphasizes that you don’t have to know everything to begin.
• The important step is to get started on building a roadmap that supports your child’s future.

Michael Keaveney is the Vice President of Managed Solutions at CIBC Asset Management. With nearly 30 years of experience in wealth management, Michael has helped thousands of Canadians grow and protect their financial futures. His work focuses on building strategic investment solutions that align with long-term goals, including education planning, retirement, and wealth preservation. He also plays a key role in developing portfolio strategies that adapt to changing market conditions and evolving client needs.

Known for blending expert insights with real-world practicality, Michael brings a clear and steady perspective to market volatility, portfolio design, and disciplined investing. As a parent who’s navigated the education savings journey himself, he offers both professional guidance and personal experience. He believes that starting early and staying consistent are the cornerstones of successful investing. Through his work, he empowers families to plan ahead with purpose and confidence.

Connect with Michael Keaveney on his LinkedIn.

If you did, be sure to subscribe and share it with your friends!

Post a review and share it! If you enjoyed tuning in, leave us a review. You can also send this with your friends and family. The cost of education is rising, but your peace of mind doesn’t have to waver. Discover how education planning and regular contributions can keep you on track. With the right strategy, you can stay prepared, no matter what the future holds.

Have any questions? You can connect with me on LinkedIn or through CIBC’s Facebook, or Instagram.

Thanks for tuning in! For more updates, visit our website. You can also listen to more amazing episodes on Spotify or Apple Podcasts.

Hosted on Acast. See acast.com/privacy for more information.

1. Understand the powerful connection between financial well-being and your physical health, and how to disrupt that cycle.
2. Learn practical strategies for building resilience, managing stress, and maintaining balance in a fast-paced world.
3. Gain expert advice on preparing for retirement—emotionally, physically, and financially—so you can enjoy a purposeful and fulfilling next chapter.

• CIBC's "Smart Advice" Podcast and Website - Website | Apple Podcast | Spotify
• Visit CIBC for more Smart Advice
• Dr. Noah Levine: Cleveland Clinic Profile
• Invest in your health by following Canada’s 24-Hour Movement Guidelines
• Read the CIBC Ambitions Index for 2025

• Canadians must rethink and redefine the meaning of “wealth” in the modern world. Nowadays, there is more to it than money.
• Health, energy, peace of mind and financial well-being are now core to the definition of wealth. 
• Wealth now also implies having physical vitality, emotional clarity and strong relationships on top of financial stability.
• Dr. Levine explains how financial stress impacts physical health. Canadians often underestimate how much stress about money affects their day-to-day.

[03:11] Dr. Noah: “Our financial wellness is so closely connected to our overall well-being. Financial stress can have impacts on a number of areas of our health, one of those is sleep.”

• Dr. Levine encourages starting with simple, science-backed habits that build a healthy life.
• He breaks down the core areas: balanced nutrition, regular movement, and quality sleep.
• Prioritizing relationships also play a major role in long-term well-being.
• These foundations are essential for building resilience, performance, and financial well-being over time.

• Well-being isn’t just the absence of illness—it’s about living with meaning and intention.
• Dr. Levine introduces the PERMA model: Positive Emotion, Engagement, Relationships, Meaning, and Achievement.
• Fulfilling each component of the PERMA model enhances our quality of life.
• Focusing on these elements helps people feel more fulfilled and aligned with their values.

• Resilience can also mean adapting to stress and unpredictability rather than trying to remove it entirely from our lives.
• Dr. Levine shares “micro skills” like pausing, walking, or using mindfulness to manage stress in real time.
• He introduces the flexibility mindset: a belief that you can face challenges with optimism and control.

[16:06] Dr. Noah: “The flexibility mindset is basically a conviction that no matter what happens, I'm going to find a way to deal with this.”

• This mindset helps people recover faster and stay grounded during uncertainty.

• Dr. Levine shares how employers can support employee health through smart, strategic interventions.
• He highlights flu clinics, healthy scheduling, and wellness programs as proactive health tools.
• In today’s strained healthcare system, employers can fill critical gaps in mental and physical care.

• Retirement is a new life stage that requires emotional, physical, and cognitive preparation.
• Dr. Levine outlines how physical activity, sleep, and mental stimulation support long-term health.
• Social connection prevents isolation and helps retirees maintain happiness and mental sharpness.
• Finding purpose and setting new goals after work creates a fulfilling retirement experience.

• Small actions can lead to major life transformation — similar to how financial investments can grow to large sums over time.

[28:59] Dr. Noah: “I don't really think it matters where you start. I think what matters is making a commitment to yourself and taking that first step.”

• Real wealth includes energy, clarity, and a sense of accomplishment which can be done from repeating small wins.
• Staying connected to your “why” makes it easier to sustain health and financial well-being.
• Intentional choices today shape the life you want to live tomorrow.

Dr. Noah Levine is a Family and Occupational Medicine Physician and the Corporate Medical Director at CIBC. With over 25 years of clinical experience, he has dedicated his career to supporting the physical, mental, and emotional well-being of individuals and teams. Dr. Levine also serves as a physician at Cleveland Clinic Canada, where he helps patients navigate the intersection of health, lifestyle, and long-term vitality.

He is an expert in holistic wellness, workplace health strategies, and resilience-building. At CIBC, Dr. Levine plays a key role in shaping a culture of well-being by offering proactive health guidance to employees and executives alike. Passionate about empowering people to thrive both personally and professionally, he brings a compassionate, science-backed perspective to the evolving conversation on health and financial well-being.

If you did, be sure to subscribe and share it with your friends!

Post a review and share it! If you enjoyed tuning in, leave us a review. You can also send this with your friends and family. The world may feel overwhelming, but your health and financial well being doesn’t have to take a back seat. Discover how small, intentional choices, in both health and finances can help you thrive in every season of life.

Have any questions? You can connect with me on LinkedIn or through CIBC’s Facebook, or Instagram.

Thanks for tuning in! For more updates, visit our website. You can also listen to more amazing episodes on Spotify or Apple Podcasts.

Hosted on Acast. See acast.com/privacy for more information.

More Canadians are considering a second property, purchasing with family, or using real estate to build long-term wealth. But in a more complex market, the right opportunity often depends on more than location or timing.

In this episode of Smart Advice, Carissa Lucreziano sits down with real estate investor and TV host Scott McGillivray to discuss what Canadians should think through before making a move. They explore the shift toward turnkey homes, the realities of co-purchasing, and the ongoing costs and planning considerations that can shape a property decision over time.

If you’re weighing a vacation property, rental income, or a shared purchase with family or friends, this episode offers practical perspectives to help you ask better questions and make more informed decisions.

Scott McGillivray is an entrepreneur, investor, television personality and one of Canada's most recognized voices in real estate. For more than two decades, he has helped Canadians navigate homeownership, renovation and property investing through his television series, educational platforms and businesses.

He is best known as the host and executive producer of Income Property, as well as Scott's Vacation House Rules and Renovation Resort. Throughout his career, Scott has focused on helping Canadians build long-term wealth through strategic real estate decisions and practical investing advice.

Visit Scott McGillivray’s website here.

●    CIBC's "Smart Advice" Podcast and Website - Website | Apple Podcasts | Spotify

●    Visit CIBC for more Smart Advice

1. Learn Scott  McGillivray’ss preparing or purchasing framework for navigating today's market
2. Discover the hidden costs and conversations Canadians often overlook before buying a property
3. Understand which real estate trends are worth pursuing and which ones may create expensive lessons

If you did, be sure to subscribe and share it with your friends!

Canadians are exploring more ways than ever to enter the real estate market, whether that's buying a second property, investing with family or considering new ownership models. But successful real estate investing isn't about chasing trends. It's about understanding your goals, creating a plan and making decisions that support your long-term financial future.

Have any questions? You can connect with me on LinkedIn, or through CIBC’s Facebook, or Instagram.

Thanks for tuning in! For more updates, visit our website. You can also listen to more amazing episodes on Spotify or Apple Podcasts.

Hosted on Acast. See acast.com/privacy for more information.

Investing has never felt more personal. Canadians today have more access to markets, investing tools and financial information than ever before, but with constant headlines, social media advice and investing trends competing for attention, staying engaged can quickly turn into reacting to short term noise.

How do you stay informed without getting caught up in investment FOMO? And how do you build a portfolio shaped by discipline rather than drift or personal bias?

In this episode of CIBC Smart Advice, host Carissa Lucreziano sits down with David Wong, Group Chief Investment Officer at CIBC Global Asset Management, to discuss DIY investing, portfolio drift and the blind spots that can quietly undermine diversification.

1. Learn how portfolio drift can quietly change your investment strategy over time
2. Discover why investment FOMO and overtrading can hurt long-term returns
3. Understand how diversification and discipline help investors navigate market uncertainty

●      CIBC's "Smart Advice" Podcast and Website - Website | Apple Podcasts | Spotify | Amazon Music

●      Visit CIBC for more Smart Advice

David Wong is Group Chief Investment Officer, CIBC Global Asset Management. He is responsible for CIBC Global Asset Management’s managed solutions investment process and portfolio management. His Total Investment Solutions team helps determine asset allocations and portfolio construction, researches and evaluates managers, and monitors investments across the firm’s roughly $80 billion managed solutions programs. The team is also responsible for trading execution, beta management, and performance and risk oversight across all of CIBC Global Asset Management.

In addition, David is a member of the CIBC Family Office Leadership Team and provides institutional asset allocation advice to ultra-high net worth individuals and families.

David joined CIBC Global Asset Management in July 2011 and previously served as Managing Director, Investment Management Research until June 2021. He has more than 26 years of industry experience in New York and Toronto.

Connect with David Wong on LinkedIn.      

[01:40] Why DIY Investing Feels More Personal Than Ever

Carissa and David discuss why more Canadians are taking a hands-on approach to investing, and how greater access to information, markets and investing tools has fundamentally changed the way people think about building wealth.

[04:11] The Rise of “Finfluencers” and Investment FOMO

David breaks down new OSC research on social media investing behaviours, emotional decision-making and why online investing culture can encourage overtrading and unnecessary risk.

[05:51] The Hidden Risk of Overactivity

The conversation explores how emotional investing, poor timing and frequent trading can create “behaviour gaps” that negatively impact long-term portfolio performance.

[07:30] Building a Portfolio Around Discipline, Not Headlines

David explains why successful investing is less about chasing shortcuts and more about creating a long-term plan built around savings discipline, diversification and compounding.

[13:53] What Portfolio Drift Actually Looks Like

Using the Canadian and U.S. markets during the 1990s and early 2000s as an example, David explains how portfolios can quietly become unbalanced over time and why rebalancing matters.

[17:28] AI, Market Noise and the Danger of Prediction

The discussion turns to artificial intelligence, market headlines and investing trends, and why preparation and diversification matter more than trying to predict what happens next.

[21:58] The Investing Habits That Matter Most

“You're never fully diversified until there's something in the portfolio that you don't like.”

David shares the investing philosophies and mindset shifts that have shaped his approach after nearly three decades in the industry.

Enjoyed this Episode?

Hosted on Acast. See acast.com/privacy for more information.

Your inheritors don't need equal—they need fair. Canada is in the middle of its largest intergenerational wealth transfer in history. How do you balance fairness when your children have different financial needs? When is the right time to give? And how do you ensure your intentions don't create unnecessary family tension in the future?

In this episode of CIBC Smart Advice, host Carissa Lucreziano sits down with Dr. Tom Deans—bestselling author of Every Family's Business and one of Canada's leading voices on inheritance strategy—to tackle the wealth transfer conversation most families avoid. This is about preserving the relationships that matter most, while building a legacy that reflects your values.

1.) Discover why equal inheritance can backfire—and what works instead

2.) Learn how to navigate inheritance disputes before they start

3.) Unlock the "giving while living" opportunity that's reshaping Canadian wealth transfer

●      CIBC's "Smart Advice" Podcast and Website - Website | Apple Podcasts | Spotify

●      Visit CIBC for more Smart Advice

●      Willful Discount Offer: Save 20% on your will

●      Tom Deans’ Books: The Happy Inheritor, Every Family’s Business and Willing Wisdom

Dr. Tom Deans is a bestselling author, speaker, and internationally recognized expert on family wealth transitions, inheritance, and estate planning. He is the author of Every Family’s Business, Willing Wisdom, and The Happy Inheritor, and has spent decades helping families navigate complex conversations around wealth, legacy, and succession planning. Through his writing and speaking, Tom advocates for greater transparency, communication, and preparation across generations.

[03:10] Why So Many Canadians Still Don’t Have a Will

●      “Fifteen million Canadian adults are missing the most important document in the estate plan.”

●      Tom and Carissa discuss the surprising number of Canadians without wills, and the risks families face when estate plans are left incomplete or undocumented.

[07:58] Giving While Living

●      The conversation explores the growing trend of parents and grandparents giving money earlier in life to help younger generations navigate rising housing costs, debt, and affordability pressures.

[11:48] Fairness, Family Dynamics, and Living Gifts

●      Tom explains how unequal financial support, secrecy, or unclear expectations can create long-term tension among siblings and family members, even when intentions are good.

[19:50] The Emotional Side of Estate Planning

●      The discussion turns to cottages, family businesses, and other difficult-to-divide assets, and why inheritance disputes often stem from emotional attachment as much as financial value.

[25:39] Family Meetings and Preparing the Next Generation

●      Tom shares why structured family meetings can help families navigate difficult conversations around executors, inheritance, trusts, and long-term planning in a more transparent way.

[29:17] Building a Legacy Beyond Money

●      “This is what we do: we teach our children what wealth is, and quite frankly, what it’s not.”

●      The episode concludes with a discussion on financial values, preparing heirs responsibly, and how strong communication can help families preserve both relationships and wealth across generations.

Enjoyed this Episode?

Hosted on Acast. See acast.com/privacy for more information.