The MapleMoney Show

Canadians want to know that the money they have on deposit with their bank is safe, especially during difficult economic times. Thankfully, the money in your chequing or savings account is protected with something called CDIC insurance, providing that you bank with a CDIC member institution.

Given the economic uncertainty we're facing right now, I thought it would the perfect time to have this week's guest join the show. Peter Routledge is the CEO of Canada Deposit Insurance Corporation, or CDIC. Peter joins me to explain exactly how his organization protects Canadians, and reassures us that CDIC will be there when we need them.

You can find the show notes for this episode at https://maplemoney.com/peterroutledge

Do you bank with a member of CDIC? If so, your eligible deposits with that institution will be protected up to $100,000 in each of their coverage categories, in the event of a bank failure. Didn't know that banks could fail? CDIC has handled the failure of 43 of its member institutions since it was established in 1967. Guess how many people lost their protected deposits during those failures? Zero. Not a single dollar under CDIC protection was lost. Find out more about CDIC coverage and check to see if you bank with one of its member institutions by visiting https://www.cdic.ca/

Are you struggling to make sense of the current state of the economy, not to mention the stock market? If so, you're not alone. These are uncertain times, and no one seems to have any real answers.

My guest this week is Dan Kent, investor and co-founder of stock research and news site, StockTrades.ca. Dan joins me to discuss the recent market volatility related to the COVID-19 crisis, and shares his thoughts on where he thinks we may be headed.

You can find the show notes for this episode at https://maplemoney.com/dankent

Our sponsor, EQ Bank, has partnered with TransferWise, to give Canadians a better way to send money overseas. The result is fully transparent and remarkably quick international money transfers that are up to 8X cheaper for EQ Bank customers. To find out more, visit https://maplemoney.com/eqbank

Many Canadians don't realize that the government has an investment plan designed specifically for Canadians with disabilities. The Registered Disability Savings Plan exists to help disabled Canadians with their long term savings, but it can be difficult to understand.

Alan Whitton is the founder of Canajun Finances, where he writes extensively about the Registered Disability Savings Plan, and RESPs as well. He joins me this week to explain the ins and outs of the RDSP, as well as the Disability Tax Credit.

You can find the show notes for this episode at https://maplemoney.com/alanwhitton

Do you bank with a member of CDIC? If so, your eligible deposits with that institution will be protected up to $100,000 in each of their coverage categories, in the event of a bank failure. Didn't know that banks could fail? CDIC has handled the failure of 43 of its member institutions since it was established in 1967. Guess how many people lost their protected deposits during those failures? Zero. Not a single dollar under CDIC protection was lost. Find out more about CDIC coverage and check to see if you bank with one of its member institutions by visiting https://www.cdic.ca

Could you and your family live on $25,000 per year? Before I met with this week's guest, the idea seemed fairly unrealistic to me, but the number may in fact be more achievable than I realized. Whether your goal is retiring early, like my guest, or something entirely different, there are huge advantages to living on less.

This week, I'm joined by Court, who blogs over at Modern FImily. In 2018, Court and her partner Nik, achieved financial independence, meaning that they had saved enough money to live off of the income generated by their investments.

You can find the show notes for this episode at https://maplemoney.com/courtmodernfimily

This week's episode was brought to you by EQ Bank. Did you know? You can now transfer money overseas with TransferWise directly from your EQ Bank Savings Plus account. Not only will you benefit from earning 2.00% interest on your savings, but you'll pay far less for international money transfers. While other banks have a habit of sneaking in markups and extra charges, that's not something you'll have to worry about with EQ Bank. To start saving money today, visit https://maplemoney.com/eqbank

Have you ever avoided dealing with important money issues? If so, you're not alone. Many Canadians put off saving for retirement, or other financial goals, because the strategies seem too complicated, and they feel like they lack the knowledge.

My guest this week is Steven Arnott, author of The Snowman's Guide to Personal Finance. Steven drops by to show us that just about anyone can embark on a journey towards financial independence by following a few simple steps.

You can find the show notes for this episode at https://maplemoney.com/stevenarnott

This week's show is brought to you by our sponsor, Wealthsimple. With a current interest rate of 0.9%, the Wealthsimple Cash account offers higher interest rates than the big banks, and there are no fees on deposits and withdrawals. Find out more about Wealthsimple Cash today at https://maplemoney.com/wealthsimple

Imagine a side hustle that lets you do something you love, and that actually makes money. Does it sound too good to be true? Well, as it turns out, there is such a thing.

This week, I welcome back my first ever repeat guest on The MapleMoney Show. Last time he was here, Martin Dasko and I discussed ways to plan your next travel adventure. This time around, Martin is here to tell us about a new adventure, as a host with Airbnb Experiences.

You can find the show notes for this episode at https://maplemoney.com/martindaskoreturns

Do you bank with a member of CDIC? If so, your eligible deposits with that institution will be protected up to $100,000 in each of their coverage categories, in the event of a bank failure. Didn't know that banks could fail? CDIC has handled the failure of 43 of its member institutions since it was established in 1967. Guess how many people lost their protected deposits during those failures? Zero. Not a single dollar under CDIC protection was lost. Find out more about CDIC coverage and check to see if you bank with one of its member institutions by visiting https://www.cdic.ca

If you've ever been impacted by a flight cancellation, chances are you've experienced the frustration that comes with trying to get a full refund from the airline.

My guest this week has been fighting for the rights of Canadian airline passengers for years, winning countless challenges in court. This week, Gabor Lukacs joins me on The MapleMoney Show to remind us of our rights as passengers, and how to go about handling a dispute the next time an airline tells you that you have none.

You can find the show notes for this episode at https://maplemoney.com/gaborlukacs

Do you bank with a member of CDIC? If so, your eligible deposits with that institution will be protected up to $100,000 in each of their coverage categories, in the event of a bank failure. Didn't know that banks could fail? CDIC has handled the failure of 43 of its member institutions since it was established in 1967. Guess how many people lost their protected deposits during those failures? Zero. Not a single dollar under CDIC protection was lost. Find out more about CDIC coverage and check to see if you bank with one of its member institutions by visiting https://www.cdic.ca

In recent weeks, the arrival of Coronavirus in North America has wreaked havoc on the stock market, bringing with it fears of a sustained economic downturn, including talk of a possible recession. And while no one really knows how it will all play out, there are steps investors can take when faced with a volatile stock market.

With everything that's going on, it felt like the perfect time to have this week's guest join us. A dividend value investor for more than 20 years, Kanwal Sarai is the founder and editor of the Simply Investing Report. At the end of the episode, stay tuned for a special offer Kanwal has extended to MapleMoney Show listeners.

You can find the show notes for this episode at https://maplemoney.com/kanwalsarai

Our sponsor, EQ Bank, has partnered with TransferWise, to give Canadians a better way to send money overseas. The result is fully transparent and remarkably quick international money transfers that are up to 8X cheaper for EQ Bank customers. To find out more, visit https://maplemoney.com/eqbank

Here on The MapleMoney Show, we've talked a lot about side hustles, and ways to make more money. But one idea we haven't covered is how to start your own public speaking business. If getting paid to speak sounds intriguing, then this week's episode is for you.

Grant Baldwin is the founder of The Speaker Lab, and author of the new book, The Successful Speaker. In his book, Grant takes readers through what he says are the 5 key steps to becoming a successful speaker. He breaks it all down in our discussion while sharing some valuable insights from his own career as a public speaker.

You can find the show notes for this episode at https://maplemoney.com/grantbaldwin

Do you prefer to invest in companies that are socially responsible? If so, our sponsor Wealthsimple will help you build a portfolio that focuses on low carbon, cleantech, human rights, and the environment. Get started with Socially Responsible Investing by visiting https://maplemoney.com/wealthsimple

What's standing between you and your goals? Is there something big you want to accomplish, but you're not sure how to make it happen? Perhaps you're like me, and get yourself into trouble by committing to one too many projects?

My guest this week is Michelle Black, a freelance writer and founder of the Credit Writer blog. Recently, Michelle accomplished a big goal, when she made the switch from part-time to full-time freelance writing. In this episode, we chat about the role that goal setting has played in helping Michelle accomplish both personal and professional goals.

You can find the show notes for this episode at https://maplemoney.com/michelleblack

Our sponsor, EQ Bank, has partnered with TransferWise, to give Canadians a better way to send money abroad. The result is fully transparent and remarkably quick international money transfers that are up to 8X cheaper for EQ Bank customers. To find out more, visit https://maplemoney.com/eqbank