Youtube Channel – Blueprint Financial

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Discover how we can help: https://blueprintfinancial.ca/ Business inquiries? Email us: info@blueprintfinancial.caThe 2025 pension changes could impact your retirement plans in a big way. Let me show you how to navigate CPP, OAS, and GIS updates to maximize every dollar and save on taxes.Explore these links: https://.blueprintfinancial.ca/key-pension-updates-for-2025-cpp-oas-gis-payment-dates https://www.youtube.com/watch?v=gFtdszGP7Ao Guide to saving taxes in retirement: https://blueprintfinancial.ca/5-tax-saving-strategies-for-canadian-retirees-download/Chapters: 00:00 Introduction 00:14 1. Payment Dates for CPP, OAS, and GIS in 2025 00:54 2. Canada Pension Plan (CPP) Updates for 2025 01:05 1. Cost of Living Adjustment (COLA) 01:33 2. Two-Tier CPP System (CPP Enhancement) 03:39 3. Old Age Security (OAS) Updates for 2025 03:51 Cost of Living Adjustment (COLA) 04:10 OAS Clawback Threshold Updates 05:00 Increased OAS Pension at Age 75 05:28 4. Guaranteed Income Supplement (GIS) Updates for 2025 05:40 Keeping Up with the Cost of Living 06:09 Updated Income ThresholdsDisclaimer: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Neither Christopher Liew nor Blueprint Financial provide specific investment recommendations. For investment advice, please consult a registered professional. This channel is not responsible for any investment actions taken by viewers based on these videos.
2025 CPP, OAS, GIS Updates: Big Changes to Your Pensions!
See our financial planning services: https://blueprintfinancial.ca/ Got questions? Email us: info@blueprintfinancial.caIncome splitting is a tricky topic. Managing taxes for just yourself is complicated enough—adding a partner makes it even more challenging. But income splitting is an area we spend a lot of time on with our clients, and we’ve seen some amazing results, with some even saving over 6 figures in taxes. "The Tax Dance" Think of income splitting as a carefully choreographed dance between you and your partner. Both of you need to dance in harmony, but if one partner misses a step, you could risk stumbling into higher taxes. Like dancing, you should learn how to do the easier moves first. That’s why I’ll go from the easier strategies to the hardest, starting with…Explore these links: Blog Post: https://blueprintfinancial.ca/income-splitting-strategies-to-save-your-family-huge-taxes/ https://www.youtube.com/watch?v=1vMybnh7weY Income Splitting Guide: https://blueprintfinancial.ca/income-splitting-strategies-download/Chapters: 00:00 Introduction 00:38 Strategy 1: Using Your FHSA 02:48 Strategy 2: Splitting Pension Income (Employer Sponsored) 05:16 Strategy 3: Spousal RRSP Contributions 07:20 Strategy 4: Splitting CPP Income 08:12 Strategy 5: Splitting Capital Losses: Turn Losses into Savings 09:39 Strategy 6: Prescribed Rate Loans for Spouse or Child 10:29 Strategy 7: Family TrustDisclaimer: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Neither Christopher Liew nor Blueprint Financial provide specific investment recommendations. For investment advice, please consult a registered professional. This channel is not responsible for any investment actions taken by viewers based on these videos.
7 Income-Splitting Tax Strategies to Save Your Family HUGE Taxes!
See our financial planning services: https://blueprintfinancial.ca/ Got questions? Email us: info@blueprintfinancial.caThe start of a new year isn’t just for gym memberships—it’s also the perfect time to get your finances in shape! Today, I’ll show you 7 actionable steps to save on taxes, grow your wealth, and set yourself up for a successful year ahead. Just like you shouldn’t skip leg day at the gym, try not to skip any of these steps!Explore these links: Blog post: https://blueprintfinancial.ca/7-january-money-moves-to-kickstart-a-wealthy-2025/ https://www.youtube.com/watch?v=xm2edCPU4hE https://www.youtube.com/watch?v=1vMybnh7weY https://www.youtube.com/watch?v=vBuRivxvWZc Net Worth Tracker: https://blueprintfinancial.ca/net-worth-tracker-canada-download/Chapters: 00:00 Introduction 00:19 1. Compare Your Net Worth From Last Year to This Year 02:04 2. Review Your Investments and Performance 03:56 3. Prioritize Contributions to Tax-Advantaged Accounts 05:49 4. Plan Tax-Saving Strategies for 2025 06:52 5. Set Clear Financial Goals and Automate 08:24 6. Review Retirement Income and Benefits (For Retirees) 10:11 7. Organize and Prepare for Tax SeasonDisclaimer: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Neither Christopher Liew nor Blueprint Financial provide specific investment recommendations. For investment advice, please consult a registered professional. This channel is not responsible for any investment actions taken by viewers based on these videos.
7 January Money Moves to Kickstart a Wealthy 2025
Discover how we can help: https://blueprintfinancial.ca/ Business inquiries? Email us: info@blueprintfinancial.caThat first $10,000 in your TFSA feels amazing, doesn’t it? But why stop there? It’s time to level up—add a zero, and turn it into $100,000.The average Canadian reaches a $10,000 TFSA between the ages of 25 and 29. Whether you’ve hit this milestone early or late, the path to 10X your TFSA to $100K is achievable for anyone. I have reached over $200,000 in my TFSA, and today, I’m sharing the exact same steps I took to help you crack the six-figure TFSA milestone.Explore these links: https://www.youtube.com/watch?v=m1oMpGB3cBc Avg TFSA: https://www.canada.ca/content/dam/cra-arc/prog-policy/stats/tfsa-celi/2022/tbl3a-en.pdf TFSA Spreadsheet: https://blueprintfinancial.ca/tools/ Blog Post: https://blueprintfinancial.ca/how-to-turn-a-10000-tfsa-into-100000/Chapters: 00:00 Introduction 00:33 The $10,000 TFSA Cake: A Recipe for Success 01:13 1. The Ingredients: Picking the Right Investments 02:27 2. The Time: Letting It Grow 02:57 3. The Heat: Your Investment Rate of Return 04:24 4. Adding Layers: The Importance of Regular Contributions 06:02 5. Avoiding Common MistakesDisclaimer: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Neither Christopher Liew nor Blueprint Financial provide specific investment recommendations. For investment advice, please consult a registered professional. This channel is not responsible for any investment actions taken by viewers based on these videos.
How to Turn a $10,000 TFSA into $100,000
Discover how we can help: https://blueprintfinancial.ca/ Business inquiries? Email us: info@blueprintfinancial.ca2025 is packed with tax changes in Canada that you need to understand! By understanding these updates, you’ll maximize your tax savings and keep more of that hard-earned money in your pocket! I’ll break down the changes into these four key categories:Explore these links: Blog Post: https://blueprintfinancial.ca/2025-tax-changes-canada-tfsa-rrsp-cpp-fhsa/ https://www.youtube.com/watch?v=m1oMpGB3cBc https://www.youtube.com/watch?v=DM04F0kqFkQ https://www.youtube.com/watch?v=gFtdszGP7AoChapters: 00:00 Introduction 00:21 1. Investment & Real Estate Tax Changes 00:31 RRSP 00:53 Home Buyers’ Plan 01:29 Tax-Free Savings Account (TFSA) 01:54 First Home Savings Account (FHSA) 03:05 Capital Gains Inclusion Rate Adjustments 04:26 2. Tax Changes That Affect Households 04:36 Federal Income Tax Brackets 05:12 Basic Personal Amount (BPA) 05:40 Registered Education Savings Plan (RESP) 06:19 Goods and Services Tax (GST) Holiday 06:38 Employment Insurance (EI) Premiums 06:58 Tax credits 07:29 3. Pension and Retirees Tax Changes 07:39 Canada Pension Plan (CPP) Contributions 09:01 Old Age Security (OAS) Repayment Threshold 09:58 Age Amount Credit 10:28 4. Business Owners Tax Changes 10:39 Capital Gains Tax for Business Owners 11:15 Lifetime Capital Gains Exemption (LCGE) 11:55 Canadian Entrepreneurs Incentive (CEI)Disclaimer: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Neither Christopher Liew nor Blueprint Financial provide specific investment recommendations. For investment advice, please consult a registered professional. This channel is not responsible for any investment actions taken by viewers based on these videos.
Major Tax Updates for 2025: TFSA, RRSP, CPP, FHSA, Cap Gains & More
Discover how we can help: https://blueprintfinancial.ca/ Business inquiries? Email us: info@blueprintfinancial.caLove it or hate it, CPP has seen major changes since 2019, including the recent CPP2 bump. While some call it a scam, others see it as a crucial necessity. So why are there these opposing and polarizing views? Let’s break down the exact changes of the CPP enhancements, why the government put it in place, then I’ll address the criticisms at the end to see if the skeptics have a point!Explore these links: https://www.youtube.com/watch?v=34ganONF5tU Blog post: https://blueprintfinancial.ca/cpp-2025-enhancement-why-your-paycheque-is-taking-a-hit/Chapters: 00:00 Introduction 00:26 2025 (CPP) Enhancement Contribution Levels 02:25 CPP Contributions By Income (2025) 03:08 Designed to Replace of a Third of Income 04:08 Gradual Implementation Over 40 Years 05:14 Why are they enhancing CPP? 06:51 Criticisms of the CPP EnhancementDisclaimer: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Neither Christopher Liew nor Blueprint Financial provide specific investment recommendations. For investment advice, please consult a registered professional. This channel is not responsible for any investment actions taken by viewers based on these videos.
CPP 2025 Enhancements: Why Your Paycheck Might Shrink
Discover how we can help: https://blueprintfinancial.ca/ Business inquiries? Email us: info@blueprintfinancial.caThese end-of-year tax strategies are what we use with clients to save them a lot of money in the past. Let’s see how it can help you tooThese are the go-to tax strategies we use with our clients every December to help them save thousands of dollars in taxes. We’ve narrowed it down to 9 actionable items—let’s see which ones could work for you. Let’s dive in.Explore these links: Blog post: https://blueprintfinancial.ca/do-this-before-dec-31-to-pay-less-tax-in-canada/ https://www.youtube.com/watch?v=Kl_71hQFh1gChapters: 00:00 Introduction 00:14 Manage Capital Gains and Losses 02:06 Tax-Free Savings Account (TFSA) 02:43 First Home Savings Account (FHSA) 04:17 Income Splitting 05:10 RESP and RDSP Contributions and Grants 06:34 Medical Expenses 07:47 Charitable Donations 08:41 Maximize Employer BenefitsDisclaimer: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Neither Christopher Liew nor Blueprint Financial provide specific investment recommendations. For investment advice, please consult a registered professional. This channel is not responsible for any investment actions taken by viewers based on these videos.
Do These 9 Things BEFORE Dec 31 to Save Big on Taxes!
Discover how we can help: https://blueprintfinancial.ca/ Business inquiries? Email us: info@blueprintfinancial.caGot an RRSP but confused about RRIFs? You’re not alone, most Canadians and the majority of our clients struggle at understanding this stage. But don’t worry, in this video, I’ll show you how to smoothly convert your RRSP into a RRIF, save thousands in taxes, and set up a reliable retirement income. You’ll walk away with a simple, actionable plan.Explore these links: Blog post: https://www.blueprintfinancial.ca/master-your-rrsp-to-rrif-conversion-save-big-on-taxes https://www.youtube.com/watch?v=xIgUuzIlQgg https://www.youtube.com/watch?v=VZ2M-UOYxTYChapters: 00:00 Introduction 00:21 From RRSP to RRIF: How to Navigate the Conversion Highway 01:15 RRIF Minimum Withdrawal 02:28 The Pension Income Tax Credit 03:53 Avoiding OAS Clawbacks 04:52 Using a Younger Spouse’s Age 05:41 Understanding Withholding Taxes 07:24 Advanced Tax Strategies for Managing Your RRIF 07:41 Using RRIF as Bridge Funds to Delay CPP and OAS 08:53 RRIF Meltdown Strategy 09:30 RRIF Income Splitting for Couples 10:05 Partial RRSP-to-RRIF Conversions 10:48 Estate Planning for RRIFs 10:58 Spousal Rollovers 11:25 Non-Spouse Beneficiaries 12:14 Charitable Giving 12:32 Pro Tips for Managing RRIF AccountsDisclaimer: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Neither Christopher Liew nor Blueprint Financial provide specific investment recommendations. For investment advice, please consult a registered professional. This channel is not responsible for any investment actions taken by viewers based on these videos.
11 RRSP to RRIF Conversion Tactics to Save BIG on Taxes!
Discover how we can help: https://blueprintfinancial.ca/ Business inquiries? Email us: info@blueprintfinancial.ca$100,000 in retirement savings is often the turning point where we see our clients start getting really serious about retirement planning. Most hit this $100K milestone in their 30s, and some savvy investors even reach it in their 20s. Over the years, we’ve helped many of our clients grow from $100,000 in retirement savings to $1 million. How? It all comes down to three key ingredients: time, regular contributions, and your investment rate of return. To show how this works, let’s talk about David.Explore these links: Blog post: https://blueprintfinancial.ca/how-to-grow-100000-retirement-savings-into-1-million-canada/ https://www.youtube.com/watch?v=10iwtARDNt4 https://www.youtube.com/watch?v=vBuRivxvWZc Retirement Growth $100K to $1 Million Calculator: https://blueprintfinancial.ca/tools/Chapters: 00:00 Introduction 00:33 Ingredient 1: Letting $100,000 Sit and Grow (Time in the market) 01:31 Ingredient 2: Adding Regular Contributions 03:12 Ingredient 3: Your Investment Rate of Return 04:22 The Power of Time, Contributions, and Returns 04:59 What to invest in to reach the $1 million? 05:57 Investment Strategies by Investor Type 07:32 Order of the Right Investment Accounts 08:51 Tax Efficiency and Minimizing Fees 10:01 Increasing Your Savings Rate 11:04 Earn More to Invest More 11:57 Avoiding Common PitfallsDisclaimer: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Neither Christopher Liew nor Blueprint Financial provide specific investment recommendations. For investment advice, please consult a registered professional. This channel is not responsible for any investment actions taken by viewers based on these videos.
How to Grow $100,000 Retirement Savings to $1,000,000
Discover how we can help: https://blueprintfinancial.ca/ Business inquiries? Email us: info@blueprintfinancial.caThe average Canadian's RRSP dropped by over $30,000 in just one year, from 2022 to 2023. If you're worried about your retirement savings, the good news is—it might not be as bad as it seems. Let’s dive into the numbers and I’ll show you how you can use this RRSP data to your advantage.Explore these links: Blog post: https://blueprintfinancial.ca/cpp-timing-should-you-start-payments-age-60-65-70/ https://www.youtube.com/watch?v=MvoPfHvOwtI Pension Calculator: https://www.taxtips.ca/calculators/cpp/cpp-retirement-pension-calculator.htm Actuarial Report: https://www.soa.org/4a223f/globalassets/assets/files/resources/research-report/2020/2020-cpp-take-up-decision.pdf Life expectancy data: https://www150.statcan.gc.ca/t1/tbl1/en/tv.action?pid=1310011401Chapters: 00:00 Introduction 00:56 CPP Basics 02:16 The Actuarial CPP Report 02:43 1. Starting CPP at 60 03:45 2. Starting CPP at 65 04:45 3. Delaying CPP to 70 05:50 What’s Your Life Expectancy? 06:10 Actuarial statistics 07:02 Life expectancy (Stats Canada) 08:42 Online Life Expectancy Calculators 11:07 Use CPP PV Calculator 16:08 CPP Planning: More Than Just Picking an AgeDisclaimer: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Neither Christopher Liew nor Blueprint Financial provide specific investment recommendations. For investment advice, please consult a registered professional. This channel is not responsible for any investment actions taken by viewers based on these videos.
CPP Timing: Should You Start Payments at Age 60, 65, or 70?
Discover how we can help: https://blueprintfinancial.ca/ Business inquiries? Email us: info@blueprintfinancial.caIf you’re receiving CPP already, here’s some good news; you’ll be getting a cost-of-living increase in 2025. But with grocery costs straining 51% of Canadians and rent rising nearly 9% year over year, will the CPP adjustment be enough for retirees? In this video, I’ll break down what the increase means for your monthly benefits, how it compares to inflation, and what steps you can take to secure your financial future. Let’s dive in.Explore these links: https://www.youtube.com/watch?v=34ganONF5tU Blog post: https://blueprintfinancial.ca/cpp-cost-of-living-inflation-increase-2025/Chapters: 00:00 Introduction 00:27 CPP Cost-of-Living Increase Explained 02:18 Historical CPP Cost-of-Living Adjustments 03:55 How to Receive the Cost-of-Living Increase 04:14 Challenges and Realities of the CPP 05:27 Supplementing Income 06:19 Planning for Retirement with Inflation in MindDisclaimer: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Neither Christopher Liew nor Blueprint Financial provide specific investment recommendations. For investment advice, please consult a registered professional. This channel is not responsible for any investment actions taken by viewers based on these videos.
CPP Pensioners: You’re Getting a Cost-of-Living Raise in 2025!
Discover how we can help: https://blueprintfinancial.ca/ Business inquiries? Email us: info@blueprintfinancial.caDo you want to keep more of your money in retirement for travel, hobbies, and loved ones? You’re in the right place. I’ve helped countless clients save tens of thousands in retirement taxes, and today I’ll share 5 proven strategies, from easy tips anyone can try to advanced options for high-net-worth retirees and business owners.Explore these links: https://www.youtube.com/watch?v=MvoPfHvOwtI https://www.youtube.com/watch?v=Kl_71hQFh1g Blog post: https://blueprintfinancial.ca/do-this-to-pay-less-taxes-when-you-retire-in-canada-legally/Tax Saving Strategy Guide Download: https://blueprintfinancial.ca/5-tax-saving-strategies-for-canadian-retirees-download/Chapters: 00:00 Introduction 00:24 Basic Tax Credits: Essential Savings for Every Retiree 03:30 Timing CPP and OAS for Maximum Tax Savings 05:46 Retirement Income Splitting Strategies 09:13 Mastering Your TFSA and RRSP to Control Your Taxable Income 11:43 Advanced Retirement Tax Saving Strategies: IPPs and Family Trusts 14:10 Individual Pension Plans (IPPs): A Business Owners Secret WeaponDisclaimer: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Neither Christopher Liew nor Blueprint Financial provide specific investment recommendations. For investment advice, please consult a registered professional. This channel is not responsible for any investment actions taken by viewers based on these videos.
5 Retirement Tax-Saving Strategies (Save HUGE on Taxes in Canada!)
Discover how we can help: https://blueprintfinancial.ca/ Business inquiries? Email us: info@blueprintfinancial.caTracking your goals will make you 33% more likely to achieve them, according to this study at Michigan State University. When I started tracking my net worth in 2019, It completely transformed how I manage my finances and has helped me grow my wealth. I even created a spreadsheet with a visual dashboard, which I’ll share with you for free and guide you through.Explore these links: https://www.youtube.com/watch?v=K7fXmR3VJhs https://studio.youtube.com/video/o-AwK8749bM/edit Blog Post: https://blueprintfinancial.ca/net-worth-tracker-canada-free-download-walkthrough Net Worth Tracker: https://blueprintfinancial.ca/net-worth-tracker-canada-download/Chapters: 00:00 Introduction 00:24 WHY track your net worth? 01:48 Walk through the net worth tracker 03:07 Enter inputs onto tracker 08:10 View dashboard and analyze results 12:19 Alternative Ways to Track Your Net Worth in CanadaDisclaimer: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Neither Christopher Liew nor Blueprint Financial provide specific investment recommendations. For investment advice, please consult a registered professional. This channel is not responsible for any investment actions taken by viewers based on these videos.
Track Your Net Worth Like a Pro: FREE Tool & Demo Included!
Discover how we can help: https://blueprintfinancial.ca/ Business inquiries? Email us: info@blueprintfinancial.caPicture this: You’ve spent decades building up your RRSP, only to see over half of it disappear to taxes when you pass away. But there are some very effective methods to prevent that from happening. Let me explain, but first let’s understand…Explore these links: https://www.youtube.com/watch?v=xIgUuzIlQgg Blog: https://blueprintfinancial.ca/avoid-rrsp-taxes-on-death-in-canada/Chapters: 00:00 Introduction 00:16 RRSP Taxes on Death 01:36 Strategy 1: Spousal Rollover – Tax Deferral to a Surviving Spouse 02:38 Strategy 2: Dependent Children – RRSP Rollovers 03:34 Strategy 3: Convert to a RRIF for Early, Structured Withdrawals 05:11 Strategy 4: RRSP withdrawal to pay for life insurance 08:06 Strategy 5: Income Splitting – Managing RRSP Taxes on Death with Spousal RRSPs 09:53 Bonus Tip for Business Owners: Using an IPP (Individual Pension Plan) 12:14 Running Multiple Strategies: A Smart Way to Save on TaxesDisclaimer: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Neither Christopher Liew nor Blueprint Financial provide specific investment recommendations. For investment advice, please consult a registered professional. This channel is not responsible for any investment actions taken by viewers based on these videos.
Avoid This Brutal 50% RRSP Tax Trap in Retirement (Save HUGE Taxes!)
Discover how we can help: https://blueprintfinancial.ca/ Business inquiries? Email us: info@blueprintfinancial.caWith Canada’s sky-high home prices, every bit of help counts. Saving $200,000 for a home down payment might seem impossible, but by combining the FHSA and RRSP, it’s within reach—and best of all, it's tax-free! Let me show you how to maximize your savings and make that dream home a reality.Explore these links: https://www.youtube.com/watch?v=vBuRivxvWZc Blog: https://blueprintfinancial.ca/fhsa-rrsp-hbp-200000-down-payment-tax-free/Chapters: 00:00 Introduction 00:23 The FHSA (First Home Savings Account) 01:48 RRSP and Home Buyers' Plan (HBP) 04:11 Growth Potential of FHSA Over 15 Years 05:55 Canadian Housing Market Reality Check 08:01 The Tax AdvantageDisclaimer: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Neither Christopher Liew nor Blueprint Financial provide specific investment recommendations. For investment advice, please consult a registered professional. This channel is not responsible for any investment actions taken by viewers based on these videos.
Unlock $200K Tax-Free for a Down Payment With THIS Strategy
Discover how we can help: https://blueprintfinancial.ca/ Business inquiries? Email us: info@blueprintfinancial.caNet Worth for Canadians explodes after you get to your first $100K. Don’t believe me? Take a look at this data.Explore these links: https://www.youtube.com/watch?v=WRrFuzzyLoE Net worth spreadsheet: https://blueprintfinancial.ca/tools/ Blog: https://blueprintfinancial.ca/why-net-worth-in-canada-explodes-after-100k/Chapters: 00:00 Introduction 01:10 Reason 1: Investing and Compounding Returns 02:52 Returns from contributions vs investment 04:22 Reason 2 Why Net Worth Skyrockets after 100K: Income Growth 05:42 How to Increase Your Income in Canada 07:18 Reason 3: High Savings RateDisclaimer: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Neither Christopher Liew nor Blueprint Financial provide specific investment recommendations. For investment advice, please consult a registered professional. This channel is not responsible for any investment actions taken by viewers based on these videos.
Why Your Net Worth in Canada EXPLODES After $100K!
Discover how we can help: https://blueprintfinancial.ca/ Business inquiries? Email us: info@blueprintfinancial.caCurious if your TFSA savings are on track? Let’s see how you compare to the national averages by age, income, and gender.Explore these links: https://www.youtube.com/watch?v=2dh-7xI95cE Blog: https://blueprintfinancial.ca/average-tfsa-balance-by-age-30-40-50-60/ Data source: https://open.canada.ca/data/dataset/650d8b87-d143-418f-972a-f8521894de4dChapters: 00:00 Introduction 00:10 Average TFSA Savings by Age 04:04 Average TFSA by Gender 07:03 Average TFSA Savings by Income Level 09:10 How to Use This TFSA Data to Boost Your Finances 10:56 Focus on Progress, Not ComparisonDisclaimer: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Neither Christopher Liew nor Blueprint Financial provide specific investment recommendations. For investment advice, please consult a registered professional. This channel is not responsible for any investment actions taken by viewers based on these videos.
Average TFSA Balance by Age (30, 40, 50, 60): Have You Saved Enough?
Discover how we can help: https://blueprintfinancial.ca/ Business inquiries? Email us: info@blueprintfinancial.ca64% of Canadians don’t think CPP will be there when they retire, and it’s no surprise—aging populations, rising costs, and even talk of Alberta leaving CPP can fuel that worry. But here’s the good news: CPP is more secure than you think. Let’s dive into 4 reasons why it won’t run out, starting with…Explore these links: https://www.youtube.com/watch?v=jaUjvqOPCWM https://blueprintfinancial.ca/will-cpp-run-out-of-money-and-fail-to-pay-you-in-retirement/Chapters: 00:00 Introduction 00:19 Reason #1. The CPP Has Outperformed Expectations 01:06 Why Is This So Important? 01:53 Reason #2. Sustainability for Generations 02:46 What Does This Mean for You? 03:33 Reason #3. Trustworthiness of the reporting 05:27 What Does This Mean for You? 05:59 Reason #4: Investment Performance and ManagementDisclaimer: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Neither Christopher Liew nor Blueprint Financial provide specific investment recommendations. For investment advice, please consult a registered professional. This channel is not responsible for any investment actions taken by viewers based on these videos.
Is Your CPP At Risk of Not Paying You in Retirement?
Discover how we can help: https://blueprintfinancial.ca/ Business inquiries? Email us: info@blueprintfinancial.caRetirees are faced with a dilemma when they retire: How much do you want to spend, vs keep in your savings each year?After years of saving, shifting to spending in retirement can feel uncomfortable—it’s a complete mindset shift. Many retirees struggle to move from a scarcity mindset to an abundance mindset, where they feel confident using what they’ve saved.This save-or-spend dilemma is very common, and we see it with almost every client we work with. Let’s explore each and I’ll show you how to find the right save vs spend balance for your retirement needs.Explore these links: https://www.youtube.com/watch?v=xIgUuzIlQgg https://blueprintfinancial.ca/the-save-or-spend-dilemma-why-most-retirees-secretly-struggle/Chapters: 00:00 Introduction 00:17 The Save-or-Spend Dilemma: From Scarcity to Abundance 00:53 Why Not Spending Enough in Retirement is a Bad Thing 02:04 Why Not Spending Enough in Retirement is a Good Thing 03:30 Finding a Healthy Balance 04:24 Michael and Karen, 66 and 64, Can Now Spend More Freely 07:01 Robert and Susan, 70 and 68, Balancing Spending and Legacy GoalsDisclaimer: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Neither Christopher Liew nor Blueprint Financial provide specific investment recommendations. For investment advice, please consult a registered professional. This channel is not responsible for any investment actions taken by viewers based on these videos.
The SAVE vs SPEND Dilemma: The Secret Struggle for Retirees
Discover how we can help: https://blueprintfinancial.ca/ Business inquiries? Email us: info@blueprintfinancial.caHow does your net worth stack up against the average Canadian? And more importantly, how can you grow it? In this video, I do a deep dive into Canadian Net worth data, so you can see how you compare.Explore these links: https://www.youtube.com/watch?v=s_UPEA-jr7s Blog Post: https://blueprintfinancial.ca/average-net-worth-in-canada-by-age-30-40-50-60/ See comments below for link to household net worth data sourceChapters: 00:00 Introduction 00:14 Net Worth Over Time (2020-2024) 00:49 Real Estate’s Role in Canadian Net Worth (2020-2024) 01:53 Homeowners vs. Renters: A Wealth Gap That Keeps Growing 02:49 Average Net Worth by Age Group 04:32 Net Worth by Household Type 05:40 The Top 1% Net Worth in Canada 06:18 Median vs Average Net Worth 07:22 Net Worth by Income Level 08:31 Comparing Net Worth Internationally 09:55 How to Use Net Worth Data to Increase Your OwnDisclaimer: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Neither Christopher Liew nor Blueprint Financial provide specific investment recommendations. For investment advice, please consult a registered professional. This channel is not responsible for any investment actions taken by viewers based on these videos.
Average Net Worth in Canada by Age (30, 40, 50, 60): How do You Compare?
Discover how we can help: https://blueprintfinancial.ca/ Business inquiries? Email us: info@blueprintfinancial.caYour CPP doesn’t end with you—so what exactly happens to it when you die? Let’s walk you through what your spouse or family could receive and how to claim up to $818.76/month for your survivors.Explore these links: https://www.youtube.com/watch?v=MvoPfHvOwtI Blog: https://blueprintfinancial.ca/cpp-after-you-die-what-happens-to-your-pension-payments/Chapters: 00:00 Introduction 00:19 Eligibility for CPP Survivorship Pension 01:41 How Much Can You Receive from the CPP Survivorship Pension? 04:21 What People actually Receive for CPP Survivor Benefit 05:31 Maximum Cap Explained (Including CPP Disability) 07:07 Planning Strategies Around the CPP Cap After a Spouse's Death 08:33 How Long Do You Receive the Survivorship Pension? 09:01 How to Apply for the Survivorship Pension 09:25 Child Benefits 10:33 CPP Death BenefitDisclaimer: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Neither Christopher Liew nor Blueprint Financial provide specific investment recommendations. For investment advice, please consult a registered professional. This channel is not responsible for any investment actions taken by viewers based on these videos.
CPP After You Die: What Happens to Your Pension Payments?
Discover how we can help: https://blueprintfinancial.ca/ Business inquiries? Email us: info@blueprintfinancial.caThe TFSA is making history in 2025 by FINALLY crossing the $100,000 limit threshold. Let me show you how to make the most of this milestone.Explore these links: https://www.youtube.com/watch?v=ro6nm-q96es TFSA Growth Calculator mentioned in video: https://blueprintfinancial.ca/tools/ Blog: https://blueprintfinancial.ca/tfsa-limit-2025-update-over-100k-contribution-room/Chapters: 00:00 Introduction 00:47 How to Unlock The Power of a $102,000 TFSA 02:11 Adding in an annual investment 03:21 Be Careful of Over-Contribution Penalties 04:38 How to Calculate Your TFSA Contribution Room 07:26 TFSA Eligibility Criteria 08:05 Examples of Eligibility and Contribution RoomDisclaimer: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Neither Christopher Liew nor Blueprint Financial provide specific investment recommendations. For investment advice, please consult a registered professional. This channel is not responsible for any investment actions taken by viewers based on these videos.
TFSA Limit 2025 UPDATE: Over $100K Contribution Room!
Discover how we can help: https://blueprintfinancial.ca/ Business inquiries? Email us: info@blueprintfinancial.caThere is a really good chance that you aren’t fully optimizing your TFSA, RRSP, and FHSA—and it could be costing you thousands. I often see our clients make costly mistakes and today, I'll show you which accounts to priotize to avoid those pitfalls. Stick around to the end where I’ll go over how to unlock 'free money' using government grants.Explore these links: https://www.youtube.com/watch?v=2dh-7xI95cE Blog Post: https://blueprintfinancial.ca/ideal-order-of-investing-in-canada-tfsa-rrsp-fhsa-resp-rdsp/Chapters: 00:00 Introduction 00:35 Why the FHSA Should Be Your First Pick 02:05 TFSA vs. RRSP: Which Should You Contribute to First? 03:40 RRSP: The Retirement Juggernaut 04:46 3 Exceptions to the Order: RESP, RDSP, and RRSP Employer Matching 05:02 RDSP: Long-Term Disability Savings 05:57 RESP: Supercharge Your Child’s Education Savings 06:40 RRSP Employer Matching: Easy Retirement Boost 07:32 Non-Registered Accounts: The Final Step 08:45 Which One Should You Choose First?Disclaimer: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Neither Christopher Liew nor Blueprint Financial provide specific investment recommendations. For investment advice, please consult a registered professional. This channel is not responsible for any investment actions taken by viewers based on these videos.
Ideal Order of Investing in Canada (TFSA, RRSP, FHSA, RESP, RDSP?)
Discover how we can help: blueprintfinancial.ca Business inquiries? Email us: info@blueprintfinancial.caThe average cost of raising a child in Canada is a whopping $293,000 now! That’s almost the cost of a ferrari, or a quarter of a house in Vancouver! Now, imagine the government paying for almost half of that amount. Well, with the Canada Child Benefit (CCB), you could get up to $125,562 per child, all tax-free in CCB Payments! Let me explainExplore these links: https://www.youtube.com/watch?v=K4zHea7U1W0 Blog Post: https://blueprintfinancial.ca/canada-child-benefit-ccb/Chapters: 00:00 Introduction 00:25 The Maximum CCB Payments Over 18 Years 02:47 What exactly is the Canada Child Benefit (CCB)? 03:16 What Can You Spend the CCB Money On? 03:42 How to Qualify for the Canada Child Benefit (CCB) 06:22 How to Get Paid 07:44 What’s the Catch? Why Did the Government Introduce the CCB?Disclaimer: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Neither Christopher Liew nor Blueprint Financial provide specific investment recommendations. For investment advice, please consult a registered professional. This channel is not responsible for any investment actions taken by viewers based on these videos.
Canada Will Pay You $125,562 Per Child – Here's How
Discover how we can help: https://blueprintfinancial.ca/ Business inquiries? Email us: info@blueprintfinancial.caThe FHSA is Canada’s hot new account, and in most cases, it’s better to contribute to it first over the RRSP. I’ll do a detailed head-to-head comparison —and stick around because there are two key situations where the RRSP still comes out on top. I'll also compare the FHSA vs HBP, the Home Buyers' Plan so you can see what is better to save for your first home down payment.Explore these links: https://www.youtube.com/watch?v=xIgUuzIlQgg Blog Post: https://blueprintfinancial.ca/the-fhsa-beats-the-rrsp/Chapters: 00:00 Introduction 00:19 Saving for a Home: FHSA vs RRSP 01:46 Down Payment Potential: FHSA vs RRSP 02:51 Tax Benefits: FHSA vs. RRSP 04:23 Investment Potential 05:41 Retirement Savings 07:25 US Stocks & Employer MatchingDisclaimer: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Neither Christopher Liew nor Blueprint Financial provide specific investment recommendations. For investment advice, please consult a registered professional. This channel is not responsible for any investment actions taken by viewers based on these videos.
The FHSA: Choose it First Over the RRSP (In Nearly Every Situation)
Discover how we can help: https://blueprintfinancial.ca/ Business inquiries? Email us: info@blueprintfinancial.caAre you tired of feeling pressured to tip more and more? You’re not alone.Let’s take a trip back in time to see how tipping in Canada became such a big deal—and what you can do to tip smarter."Blog Post: https://blueprintfinancial.ca/the-tipping-culture-in-canada-is-broken/Chapters: 00:00 Introduction 00:26 The History of Tipping in Canada 01:25 Tipflation: The Rising Cost of Gratitude 02:45 Public Opinion: Are We Really Still Doing This? 04:55 Tipping Around the World 06:10 Tipping and Technology: The Rise of the Awkward Tipping Machine 07:18 The Future of Tipping in Canada: Where Do We Go From Here?Link to the blog post:Disclaimer: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Neither Christopher Liew nor Blueprint Financial provide specific investment recommendations. For investment advice, please consult a registered professional. This channel is not responsible for any investment actions taken by viewers based on these videos.
The Tipping Culture in Canada is BROKEN
Discover how we can help: https://blueprintfinancial.ca/ Business inquiries? Email us: info@blueprintfinancial.caPicture this - you’ve finally retired, and now you’re ready to start collecting those fat OAS cheques from the government, which can max out at $9,481 each year into your wallet. BUT, that ENTIRE amount can be clawed back by the government if you aren’t careful with it.Let me show you how that works.Explore these links: https://www.youtube.com/watch?v=xIgUuzIlQgg Blog Post: https://blueprintfinancial.ca/how-to-eliminate-the-9481-oas-clawback/Chapters: 00:00 Introduction 00:25 Overview of OAS Clawback (Recovery Tax) 02:02 1. Delay CPP 03:37 2. Delay OAS 05:51 3. Use Your TFSA (Flexible Option) 07:37 4. Pension Income Splitting 09:07 5. Manage RRIF Withdrawals 10:26 6. Invest Strategically in Non-Registered Accounts 11:50 7. Capture Capital Gains Before Age 65Disclaimer: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Neither Christopher Liew nor Blueprint Financial provide specific investment recommendations. For investment advice, please consult a registered professional. This channel is not responsible for any investment actions taken by viewers based on these videos.
How to Eliminate the $9,481 OAS Clawback
Discover how we can help: https://blueprintfinancial.ca/ Business inquiries? Email us: info@blueprintfinancial.caThe average Canadian's RRSP dropped by over $30,000 in just one year, from 2022 to 2023. If you're worried about your retirement savings, the good news is—it might not be as bad as it seems. Let’s dive into the numbers and I’ll show you how you can use this RRSP data to your advantage.Explore these links: https://www.youtube.com/watch?v=xIgUuzIlQgg Blog post: https://blueprintfinancial.ca/average-rrsp-balance-by-age-are-you-saving-enough/Chapters: 00:00 Introduction 00:22 Average RRSP Account Holdings Over Time 01:29 Breakdown of RRSP Holdings by Age: Average vs. Median 04:07 Regional Breakdown: Where RRSP Contributions Shine 05:33 RRSP Contributions by Household Size 06:33 RRSP Contributions: Strong at Every Stage of Life 07:38 Economic Challenges Impacting RRSP SavingsDisclaimer: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Neither Christopher Liew nor Blueprint Financial provide specific investment recommendations. For investment advice, please consult a registered professional. This channel is not responsible for any investment actions taken by viewers based on these videos.
Average RRSP Balance By Age (40, 50, 60, 70): Are You Saving Enough?
Discover how we can help: blueprintfinancial.ca Business inquiries? Email us: info@blueprintfinancial.caRetirement is supposed to be the time to finally enjoy life—but what if you miss a crucial step that could cost you big time? Don't worry, we’ve got you covered. Here are 9 things you must do before you retire in Canada.Related Links from Video: https://www.youtube.com/watch?v=-2mqsZtevJo https://www.youtube.com/watch?v=MvoPfHvOwtI Blog post: https://blueprintfinancial.ca/retiring-in-canada-9-vital-things-you-must-do-first/Chapters: 00:00 Introduction 00:47 Step 1. Assess Your Current Financial Situation 01:50 Step 2. Define Your Retirement Goals 02:52 Step 3. Calculate Your Retirement Expenses 04:14 Step 4. Understand Your Income Sources and Withdrawals 06:10 Step 5. Stress-Test Your Retirement Plan 08:27 Step 6. Create a Bucket List 09:18 Step 7. Update Your Estate Planning Documents 10:05 Step 8. Prioritize Regular Health Check-Ups 10:53 Step 9. Consult with Professionals if neededDisclaimer: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Neither Christopher Liew nor Blueprint Financial provide specific investment recommendations. For investment advice, please consult a registered professional. This channel is not responsible for any investment actions taken by viewers based on these videos.
9 Important Steps to Take BEFORE You Retire in Canada
Discover how we can help: https://blueprintfinancial.ca/ Business inquiries? Email us: info@blueprintfinancial.caAre you unknowingly sabotaging your TFSA? Making the wrong moves with your TFSA today can cost you thousands of dollars down the road. The good news? Most of these mistakes are easy to fix, often in just 10 minutes. Here are 8 big TFSA mistakes you need to avoid, starting with…Related Links from Video: 1) https://www.youtube.com/watch?v=2dh-7xI95cE 2) Read the blog post: https://blueprintfinancial.ca/8-massive-tfsa-mistakes-to-avoid/Chapters: 00:00 Introduction 00:19 Naming a Beneficiary Instead of a Successor 02:01 Not Coordinating Your TFSA with Your Overall Financial Picture 03:41 Swinging too hard for the fences 05:30 Investing in a TFSA Before Paying Off High-Interest Debt 06:50 Using Your TFSA as Just a Savings Account 08:05 Ignoring Foreign Dividend Taxes in Your TFSA 09:24 Overcontribution mistakes 11:26 Not Understanding the Technical Side of the TFSADisclaimer: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Neither Christopher Liew nor Blueprint Financial provide specific investment recommendations. For investment advice, please consult a registered professional. This channel is not responsible for any investment actions taken by viewers based on these videos.
8 TFSA Mistakes You Must AVOID at All Cost
Discover how we can help: https://blueprintfinancial.ca/ Business inquiries? Email us: info@blueprintfinancial.caSo, you’re thinking about moving abroad? You’re not alone—nearly 40% of new Canadians are considering leaving their province, or even the country, because of skyrocketing living expenses.Imagine waking up everyday to a sunrise in the mountains of Portugal or enjoying a sunset on the beach in Thailand. In this video, I break down 11 countries Canadians should consider moving to.But before you pack your bags, let’s talk about the one thing that can make or break your dream: your finances. I’ve travelled and lived extensively around the world, so stick around until the end, and I’m share some insider tips that could save you thousands.Chapters: 00:00 Introduction 00:43 What do you want to prioritize 02:58 Thailand 03:51 Portugal 04:23 Mexico 05:14 Vietnam 06:12 Malaysia 07:04 Panama 07:42 Dubai 08:31 Serbia 09:10 Montenegro 09:53 Costa Rica 10:31 Colombia 11:13 Understand Logistics 11:27 Find balanceLink to the blog post: https://blueprintfinancial.ca/11-best-countries-to-move-from-canada/Disclaimer: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Neither Christopher Liew nor Blueprint Financial provide specific investment recommendations. For investment advice, please consult a registered professional. This channel is not responsible for any investment actions taken by viewers based on these videos.
Canada is Too Expensive: Move Here Instead
Discover how we can help: https://blueprintfinancial.ca/ Business inquiries? Email us: info@blueprintfinancial.caCurious if your friends are out-earning you? You might be shocked to discover where you really stand. In Canada, the gap between perception and reality when it comes to income is massive. Knowing where you rank is a game-changer for taking control of your finances. I've seen how this insight has greatly motivated many of our clients to earn more. In this video, we'll break down the real income stats in Canada, explore factors like age, occupation, and education, and show you how to leverage this data to boost your own earningsChapters: 00:00 Introduction 00:28 So, What Are the Numbers? 01:06 Average Salary in Canada by Age 02:19 Why the Median is Better Than the Average 03:35 Income by Gender 04:07 Why Does This Gap Exist? 04:49 Income by Province 06:02 Income by Household Type in Canada 07:18 Average Income by Education in Canada 08:28 Salaries by Industry and Profession 09:46 How to Use This Data to Increase Your Income 11:20 The Pitfalls of Comparison: Focus on Your Own PathLink to the blog post: https://blueprintfinancial.ca/average-income-in-canada-are-you-keeping-up/Disclaimer: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Neither Christopher Liew nor Blueprint Financial provide specific investment recommendations. For investment advice, please consult a registered professional. This channel is not responsible for any investment actions taken by viewers based on these videos.
Average Income in Canada by Age (30, 40, 50, 60): Are You Keeping Up?
Discover how we can help: https://blueprintfinancial.ca/ Business inquiries? Email us: info@blueprintfinancial.caYour CPP is one of the most important sources of income when you retire. But what if I told you that one wrong move with your CPP could cost you thousands in retirement? In this video, we'll explore 7 common CPP mistakes Canadians are making—and how you can avoid them.Chapters: 00:00 Introduction 00:22 Mistake #1: Ignoring the Tax Implications of CPP 02:09 Mistake #2: Believing You Can Outperform the CPP in Retirement 04:10 Mistake #3: Not Considering Your Spouse 05:51 Mistake #4: Ignoring the CPP Post-Retirement Benefit 07:21 Mistake #5: Thinking CPP is a Scam 09:01 Mistake #6: Relying Too Heavily on CPP 10:32 Mistake #7: Not Understanding the CPP Disability BenefitLink to the blog post:Disclaimer: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Neither Christopher Liew nor Blueprint Financial provide specific investment recommendations. For investment advice, please consult a registered professional. This channel is not responsible for any investment actions taken by viewers based on these videos.
7 Huge CPP Mistakes to AVOID in Canada!
Check out my website: https://www.blueprintfinancial.ca Subscribe to this channel: https://blueprintfinancial.ca/youtube-subscribeDid you know that the average Chinese household saves 36.1% of their income? That means for every $100 earned, $36.10 is saved. Compare that to Canada’s savings rate of 6.9%, or the U.S. at just 3.5%. The difference is staggering.Did you know the average Chinese household saves 36.1% of their income? That's $36.10 saved for every $100 earned, compared to just 6.9% in Canada and 3.5% in the U.S. The difference is huge.As someone who’s often mistaken for Vietnamese, Japanese, or Korean—I'm actually ethnically Chinese, with roots tracing back to the Han people. My grandparents settled in Malaysia, and I grew up in Canada, where saving money was a core value in our household.But what happens when you mix one of the highest-saving cultures with one of the lowest? My family is a living example of this cultural clash, and I’ve got some unique insights to share.In this video, I’ll explore why the Chinese are so good at saving money, how you can adopt some of these habits, and how there’s also a dark side of saving too much.Chapters: 00:00 Introduction 01:03 1. Turn Getting Deals into a Hobby 02:51 2. Focus on High-Earning Careers 04:37 3. Balancing a Scarcity Mindset 06:03 4. Strong Distaste for Debt 07:29 5. Zero-Based Budgeting System 08:26 6. Hate Waste 09:42 7. Eating at Home 10:37 The Dark Side Of Saving Too MuchLink to the blog post: https://blueprintfinancial.ca/7-chinese-money-saving-secrets-revealed-save-40/Disclaimer: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Neither Christopher Liew nor Blueprint Financial provide specific investment recommendations. For investment advice, please consult a registered professional. This channel is not responsible for any investment actions taken by viewers based on these videos.
7 Chinese Money-Saving Secrets Revealed (Save 40%!)
Check out my website: https://www.blueprintfinancial.ca Subscribe to this channel: https://blueprintfinancial.ca/youtube-subscribeThe used car market jumped a mind-boggling 40% higher during the pandemic, but now with prices stabilizing, many of us wondering: Should you buy, finance, or lease your next car?There’s no one-size-fits-all answer, but I’m here to guide you through the options. In this video, I’ll walk you through a free online calculator you can use to figure out your choice. Then, we'll break down the pros and cons of each choice, and I’ll explain why buying used could be your best bet today.Chapters: 00:00 Introduction 00:31 Finance or Lease - Walking through the numbers 03:55 For BUYING: Estimating your car depreciation 09:23 Key Takeaways 09:56 Non-Financial Considerations Might Be More Important 12:12 Buying used is another optionLink to the blog post: https://blueprintfinancial.ca/leasing-vs-buying-vs-financing-new-car-in-canadaDisclaimer: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Neither Christopher Liew nor Blueprint Financial provide specific investment recommendations. For investment advice, please consult a registered professional. This channel is not responsible for any investment actions taken by viewers based on these videos.
Should You Lease, Finance, or Buy A New Car in Canada?
Discover how we can help: blueprintfinancial.ca Business inquiries? Email us: info@blueprintfinancial.caPicture this: You’ve worked hard your entire life and now, you’ve finally retired. But do you really know what your monthly spending will look like? It’s a common concern I hear all the time from people planning their retirement.In this video, I’ll break down the average spending for Canadian retirees, what they spend their money on, and how spending changes as you move through different stages of retirement. Stick around until the end, where I’ll share real insights from our clients on what they actually spend in retirement.Chapters: 00:00 Introduction 00:36 Average household spending in Canada by retiree per year, and per month 02:39 How Your Costs Decrease Throughout Life 04:14 How Costs Decrease in Retirement 07:48 Client ExperienceLink to the blog post:Disclaimer: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Neither Christopher Liew nor Blueprint Financial provide specific investment recommendations. For investment advice, please consult a registered professional. This channel is not responsible for any investment actions taken by viewers based on these videos.
The Average Retiree Spends THIS Much in Canada? (I'm Shocked!)
Check out my website: https://www.blueprintfinancial.ca Subscribe to this channel: https://blueprintfinancial.ca/youtube-subscribeFeeling fed up with high taxes, outrageous inflation and freezing winters and are thinking of leaving Canada? You're not alone. In 2022, the number of Canadians moving to the U.S. alone reached 126,340, a staggering 70% increase from the 75,752 who made the move in 2012.And It’s estimated that about 4 million Canadian citizens were living abroad in 2016.As a born and raised Canadian citizen, I love Canada and the people within it, but I can’t deny that there have been a lot of problems lately with the country. Having lived and worked abroad myself in the past, I offer a unique perspective on this topic, and I’ll share some deeper insights you might not have considered BEFORE making the big moveAnd don't miss the end, where I'll guide you on how to research the cost of living in other countries to help you budget effectively.Chapters: 00:00 Introduction 01:03 Why people want to leave 02:24 Step 1: Make Sure You Want to Leave Canada Forever 03:54 Step 2: Making Money Abroad 06:59 Step 3: Understand the implications of becoming a non-resident of Canada 08:33 Step 4: Understand your new country Rules 10:20 Step 5: Explore getting citizenship elsewhere 12:19 Bonus Tip - Use Numbeo to Compare Cost of LivingLink to the blog post: (Will Update)Disclaimer: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Neither Christopher Liew nor Blueprint Financial provide specific investment recommendations. For investment advice, please consult a registered professional. This channel is not responsible for any investment actions taken by viewers based on these videos.
People Are Fleeing Canada: 5 Steps For You to Join Them
Discover how we can help: blueprintfinancial.ca Business inquiries? Email us: info@blueprintfinancial.caAre you leaving money on the table with your CPP? Well the majority of people are. The average Canadian is getting 40% less than the maximum payout.At Blueprint, we’ve helped a lot of Canadians optimize their CPP payouts. In this video, I’ll explain the average and maximum CPP payouts at ages 60, 65, and 70 and I’ll share some strategies to help you get closer to the max amount. Plus, I'll guide you on how to estimate your CPP benefits to see if you’re on track.Links: Get our retirement tax saving guide here: https://blueprintfinancial.ca/retirement-tax-saving-guide Link to the blog post: https://blueprintfinancial.ca/average-cpp-benefits-at-60-65-and-70-how-much-will-you-get/Chapters: 00:00 Introduction 00:37 Average CPP Payout at 60, 65, and 70 in 2024 02:02 Key Factors Determining Your CPP Benefits: 04:54 Ways to Increase Your CPP Payments 07:47 How to Estimate Your CPP Benefits in Retirement 10:12 Delaying Age of CPPDisclaimer: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Neither Christopher Liew nor Blueprint Financial provide specific investment recommendations. For investment advice, please consult a registered professional. This channel is not responsible for any investment actions taken by viewers based on these videos.
Average CPP Benefits at 60, 65, and 70: How Much Will You Get?
Check out my website: https://www.blueprintfinancial.ca Subscribe to this channel: https://blueprintfinancial.ca/youtube-subscribeMutual funds are a huge deal in Canada, with over $2 trillion invested as of May 2024. Compare that to the $429.2 billion in ETFs, and you’ll see mutual funds is still almost 5 times as popular.As a former financial advisor at a Big Bank in Canada, I’ve seen the many hidden downsides of mutual funds, which I’m going to share with you today.In this video, I'll break down 5 reasons why mutual funds may not be your best bet, why they’re so popular, and some smarter alternatives you should consider.Chapters: 00:00 Introduction 00:42 What Exactly is a Mutual Fund 01:19 High Fees 03:49 Low Returns 06:22 Tricky Marketing Tactics 08:52 Tax Inefficiency Concerns 10:35 Aggressive Distribution and Sales 12:12 Alternatives to Mutual Funds in CanadaLink to the blog post: (Will Update)Disclaimer: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Neither Christopher Liew nor Blueprint Financial provide specific investment recommendations. For investment advice, please consult a registered professional. This channel is not responsible for any investment actions taken by viewers based on these videos.
Why Mutual Funds in Canada are a MASSIVE Rip-Off
Check out my website: https://www.blueprintfinancial.ca Subscribe to this channel: https://blueprintfinancial.ca/youtube-subscribeThere is a cost of living crisis in Canada right now. About 50% of Canadians are living paycheque to paycheque, according to Equifax Canada.Social media is filled with videos of people crying and struggling to make ends meet.A shocking 40% of recent immigrants are considering moving to another country or leaving Canada entirely, mostly due to the high cost of living, according to a recent poll by Angus Reid Institute.Is the Canadian dream over? In this video, I’ll explain why so many Canadians are struggling financially and at the end I’ll provide some actionable tips about what you can do about it.Chapters: 00:00 Introduction 00:38 The Rising Cost of Everyday Items 04:42 What Can You Do About the High Cost of Living in Canada? 09:18 Out of the Box Solutions to the High Cost of LivingLink to the blog post: https://blueprintfinancial.ca/why-no-one-can-afford-to-live-in-canada-in-2024/Disclaimer: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Neither Christopher Liew nor Blueprint Financial provide specific investment recommendations. For investment advice, please consult a registered professional. This channel is not responsible for any investment actions taken by viewers based on these videos.
Why No One Can Afford to Live in Canada in 2024
Check out my website: https://www.blueprintfinancial.ca Subscribe to this channel: https://blueprintfinancial.ca/youtube-subscribeCanadians now believe they need a whopping $1.7 million to retire, according to BMO’s annual retirement survey. But is this really a reality? The number seems a bit high.How much do I need to retire? is one of the most common questions that we get asked by clients and the answer I always give is… well, it depends on your unique situation, so let’s take a look.Chapters: 00:00 Introduction 00:32 Avoiding Risk of Ruin in Retirement 02:39 The "Do Nothing" Retirement Strategy 03:53 Using Rules of Thumb for Retirement Planning 07:06 Use a Canadian Retirement Calculator 09:41 Comprehensive financial planning 16:33 The magic dollar amountLink to the blog post: https://blueprintfinancial.ca/how-much-to-retire-in-canada-4-proven-ways-to-reach-your-goal/Disclaimer: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Neither Christopher Liew nor Blueprint Financial provide specific investment recommendations. For investment advice, please consult a registered professional. This channel is not responsible for any investment actions taken by viewers based on these videos.
How Much to Retire in Canada? 4 Strategies to Find Your Number
Discover how we can help: blueprintfinancial.ca Business inquiries? Email us: info@blueprintfinancial.caAre you planning to leave Canada? Well, if you don't manage your finances carefully, you might be throwing away thousands of dollars! In this video, I’ll break down how your TFSA, RRSP, CPP, and OAS are affected when you leave Canada.Whether you’re a retiree who is looking to escape Canada’s cold winters and high costs, or a digital nomad or remote worker who wants to leave Canada’s high taxes, you’ll find all your answers here.I’ll cover tax implications, benefits you might lose, and smart financial moves you can make BEFORE you start packing your bags.And don't miss my special tip at the end on what to do with your house before leaving Canada—this advice could save you tens of thousands of dollars!Chapters: 00:00 Introduction 00:48 TFSA When Leaving Canada 03:22 RRSP when leaving Canada 05:50 CPP When Leaving Canada 08:15 OAS when leaving Canada 10:16 Bonus Tip: What to do about your houseLink to the blog post: https://blueprintfinancial.ca/leaving-canada-your-tfsa-rrsp-cpp-oas-will-change-drasticallyDisclaimer: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Neither Christopher Liew nor Blueprint Financial provide specific investment recommendations. For investment advice, please consult a registered professional. This channel is not responsible for any investment actions taken by viewers based on these videos.
Leaving Canada? Your TFSA, RRSP, CPP & OAS Will Change Drastically
Check out my new website: https://www.blueprintfinancial.ca Subscribe to this new channel: https://blueprintfinancial.ca/youtube-subscribeOne of the quickest ways you can grow your bank account in Canada is by spending less on taxes.The government refunded over $30 billion to Canadians for the returns received from February to June in 2024.And only 18% of Canadians feel like they understand the tax credits and benefits they may be entitled to.This shows that there are lots of opportunities for tax refunds and deductions that can save you thousands of dollars, and I’ll go over some major ones that you might not have known about.Chapters: 00:00 Introduction 00:54 Moving Expenses 02:34 Work From Home Deduction 03:45 Child Care Expenses 04:57 File taxes on time 06:22 Medical Expenses 07:42 FHSA (First Home Savings Account) 10:06 Canada Child Benefit 11:38 Canada Caregiver Credit 12:27 Canada Training Credit 13:36 Tuition Tax Credit 14:43 Pension Income Splitting 15:38 Digital news subscription tax credit 16:13 Climate Action Incentive 16:55 Political Contribution Tax Credit 17:43 Disability Tax Credit (DTC)Link to the blog post: https://blueprintfinancial.ca/15-cra-tax-benefits-to-save-thousands-in-canadaDisclaimer: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Neither Christopher Liew nor Blueprint Financial provide specific investment recommendations. For investment advice, please consult a registered professional. This channel is not responsible for any investment actions taken by viewers based on these videos.
15 CRA Tax Benefits to Save THOUSANDS in Canada!
Check out my new website: https://www.blueprintfinancial.ca Subscribe to this new channel: https://blueprintfinancial.ca/youtube-subscribeWhen I started the Canadian website wealthawesome.com back in 2019, my financial goal was to make $3,000 a month from the website and to have 30,000 readers a month. Well, I reached that goal and exceeded it by almost ten times!In this video, I’ll go over my wild adventure of the start and eventual sale of Wealth Awesome. I’ll go over in detail why I started Weatlh Awesome to begin with and what I was inspired by, how much money I earned from the site, exactly how I earned money from the website, how many people visited the site over the years, hard lessons I’ve learned, why I sold the site, and what I’m doing now.Chapters: 00:00 Introduction 00:46 Why I Started the Site 02:46 How much I earned from the site 06:49 What I've learned 09:15 Why I Sold the Site 11:06 What I'm up to now - launch of new companyLink to the blog post: https://blueprintfinancial.ca/i-earned-500000-blogging-in-canada/Disclaimer: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Neither Christopher Liew nor Blueprint Financial provide specific investment recommendations. For investment advice, please consult a registered professional. This channel is not responsible for any investment actions taken by viewers based on these videos.
How I Earned $500,000 Blogging in Canada
Check out our website: https://www.blueprintfinancial.ca Subscribe: https://blueprintfinancial.ca/youtube-subscribeAre you planning to start your CPP at 60? You might want to reconsider. In this video, we'll uncover why delaying your CPP could be the best financial decision you make for your retirement. I’ll go over 10 reasons why taking your CPP at age 60 might be a mistake.Chapters: 00:00 Introduction 00:25 Your Payments Will be Way Higher 01:41 If you have enough income 02:45 If you're in great health 03:50 You're worried about inflation 04:47 If you trust the CPP is managed well 06:54 You're not worried about OAS clawback 08:30 You won't qualify for GIS 09:15 RRSP tax planning 10:42 If you're still working 11:36 You want more preditable incomeLink to the blog post: https://blueprintfinancial.ca/10-reasons-to-avoid-starting-cpp-at-60Disclaimer: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Neither Christopher Liew nor Blueprint Financial provide specific investment recommendations. For investment advice, please consult a registered professional. This channel is not responsible for any investment actions taken by viewers based on these videos.
10 Reasons to DELAY Starting CPP Past 60
Check out our website: https://www.blueprintfinancial.ca Subscribe: https://blueprintfinancial.ca/youtube-subscribeWant to become richer than 99% of all Canadians and become the top 1% in income and net worth? Find out the 4 different ways to do so here.Chapters: 00:15 Top 1% Income in Canada 01:58 Top 1% Net Worth in Canada 02:55 High-Paying Profession 04:18 Start a Business 06:30 Investing 08:47 Be Frugal and Save Most of Your IncomeLink to the blog post: https://blueprintfinancial.ca/how-to-get-richer-than-99-of-canadians/Disclaimer: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Neither Christopher Liew nor Blueprint Financial provide specific investment recommendations. For investment advice, please consult a registered professional. This channel is not responsible for any investment actions taken by viewers based on these videos.
Top 1% Income in Canada: How You Can Achieve It
Discover how we can help: blueprintfinancial.ca Business inquiries? Email us: info@blueprintfinancial.caManage your RRSP withdrawals and save massive taxes using RRSP Meltdown strategies. Whether you're planning for retirement or already there, these tips will help you make the most of your RRSPs.Chapters: 00:58 Why RRSP Withdrawal Strategy is Crucial: Understanding the importance of planning your RRSP withdrawals to avoid high taxes. 01:41 Max Out Your CPP and OAS: Strategic Early RRSP Withdrawal: Delay CPP and OAS to maximize benefits. 05:17 Minimizing RRSP Taxes on Death: Techniques to reduce the tax burden on your estate. 07:44 RRSP Income Splitting: Split income with your spouse to save on taxes. 09:20 Using Your TFSA Wisely: Integrate TFSA withdrawals to manage taxable income. 11:40 RRSP Meltdown / RRSP Freeze Strategy: Advanced strategy involving loans to offset RRSP withdrawals.Link to the blog post: https://blueprintfinancial.ca/rrsp-withdrawal-rrsp-meltdown/Disclaimer: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Neither Christopher Liew nor Blueprint Financial provide specific investment recommendations. For investment advice, please consult a registered professional. This channel is not responsible for any investment actions taken by viewers based on these videos.
5 RRSP Withdrawal Strategies to Save MASSIVE Taxes! (RRSP Meltdown)
Small business owners in Canada, here’s how you can write off your car expenses and save on taxes! 🚗💼💸 Get the essential tips in this quick guide. Watch now! 🇨🇦 #TaxTips #SmallBusiness #WriteOff #CanadianFinance #BlueprintFinancial
How to write off your car expenses in Canada and save taxes as a small business owner
Check out our website: https://www.blueprintfinancial.ca Subscribe: https://blueprintfinancial.ca/youtube-subscribeAs a Canadian you ever feel like you're leaving money on the table when tax season comes around? In this video, we’re diving into the biggest tax write-offs you can claim in Canada as a small business owner, starting from the simplest to the most complex.By the end, you'll know exactly how to maximize your deductions and keep more of your hard-earned cash.Chapters: 00:40 Meals and Entertainment Tax Write Off in Canada 01:02 Office Expenses Tax Deduction in Canada 01:17 Work from Home Office Expense 02:14 Vehicle Expense Tax Write Off in Canada 03:05 Travel Expense 03:34 Bank and Payment Processing Fees 04:15 Online Tools and Platforms Expenses 04:34 Product Costs 04:51 Advertising and marketing expenses 05:22 Employee Salary and benefits 05:38 How to Track your Expenses 06:18 Hiring a family member 07:03 Equipment Depreciation (CCA) 07:59 Interest on Business Loans 08:30 Commercial Insurance 09:13 Life Insurance expense 09:48 Trusts - Family and Corporate 10:20 International Business Write Offs 10:57 Business Restructuring CostsLink to the blog post: https://blueprintfinancial.ca/tax-write-offs-for-small-businesses-in-canada/Disclaimer: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Neither Christopher Liew nor Blueprint Financial provide specific investment recommendations. For investment advice, please consult a registered professional. This channel is not responsible for any investment actions taken by viewers based on these videos.
20 Small Business Tax Write-Offs to Save THOUSANDS in Canada!
2 Massive TFSA Mistakes to Avoid!
Check out our website: https://www.blueprintfinancial.ca Subscribe: https://blueprintfinancial.ca/youtube-subscribeI break down strategies and tips to help you build a $1 million TFSA in Canada. The TFSA is one the most powerful wealth-building tools for Canadians, and it's important to use it wisely. This video will show you how!Chapters: 00:00 Introduction 00:23 2 TFSA Mistakes to Avoid 02:39 2 Realistic Strategies to Get to a $1 Million TFSA 05:34 5 Investment Options to Reach a $1 Million TFSA 08:59 3 TFSA Withdrawal Tips to Minimize TaxesCommon Mistakes to Avoid: Discover two major mistakes Canadians make with their TFSAs and how to avoid them.2 Realistic Strategies: Learn two effective strategies to grow your TFSA to $1 million, balancing risk and return.5 Investment Options: Explore five different investments you can choose to reach your $1 million TFSA goal.Withdrawing Funds Tax-Efficiently: Get tips on how to withdraw your TFSA funds to maximize tax savings in retirement.Link to the blog post: https://blueprintfinancial.ca/do-this-to-build-a-1-million-tfsa-in-canada/Links from the video: CIRA website for investor questionnaire: https://www.ciro.ca/office-investor/understanding-risk/investor-questionnaireDisclaimer: The videos and opinions on this channel are for informational and educational purposes only and do not constitute investment advice. Neither Christopher Liew nor Blueprint Financial provide specific investment recommendations. For investment advice, please consult a registered professional. This channel is not responsible for any investment actions taken by viewers based on these videos.
Do THIS to Build a $1 Million TFSA in Canada
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