Advertise on podcast: Smart Advice with Carissa Lucreziano

What does it take to turn an idea into a lasting Canadian business? In this episode of CIBC Smart Advice, host Carissa Lucreziano sits down with Province of Canada founders Julie Brown and Jeremy Watts to talk about building their Made in Canada lifestyle brand from the ground up. Julie and Jeremy share why Canadian manufacturing became central to their business, how they balanced Province of Canada with client work for seven years, and why they’ve chosen to grow at a pace that allows them to stay true to the brand. They also discuss the role storytelling and Canadian culture have played in building their community, the unexpected opportunity that came from Heated Rivalry, and what they’ve learned about building a business together as a married couple. About Julie Brown and Jeremy WattsJulie Brown and Jeremy Watts are the founders of Province of Canada, a Canadian lifestyle brand they launched in 2014 with a focus on making well-designed everyday products in Canada. Both graphic designers by background, Julie and Jeremy spent the early years of the business balancing Province of Canada with a separate design and Shopify studio before eventually making the transition to working on the brand full time. Today, Province of Canada spans apparel, home and kids collections, with retail stores in Toronto and a continued commitment to Canadian manufacturing. Resources Mentioned / Links List CIBC's "Smart Advice" Podcast and Website - Website | Apple Podcasts | SpotifyVisit CIBC for more Smart AdviceProvince of CanadaProvince of Canada on InstagramHeated Rivalry Fleece Jacket 3 Reasons Why You Should Listen to This Episode Learn what it took to build Province of Canada over more than a decade, including seven years of balancing the brand with client work before making the leap full time.Pasted markdownHear how Julie and Jeremy are leaning into Canadian identity at a moment when supporting Canadian businesses feels especially relevant, and how they’ve used humour, culture and collaboration to express Canadian pride in their own way. Pasted markdownDiscover what they’ve learned about growing a business without losing sight of what makes it distinctive, from Canadian manufacturing and sustainable growth to staying consistent through years of uncertainty. Enjoyed this Episode?If you did, be sure to subscribe and share it with your friends! Building a business rarely happens overnight. For Julie Brown and Jeremy Watts, Province of Canada grew through years of consistency, a clear sense of what they wanted the brand to represent and a willingness to grow at their own pace. Whether you're building a business of your own, thinking about taking an idea further or navigating your next stage of growth, CIBC's Smart Advice hub offers expert insights, practical tools and resources to help you make informed financial decisions. 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.

You can know your partner incredibly well and still have very different ideas about money. From how much to save and spend to how you share expenses and plan for the future, those differences can shape the financial decisions you make together. In this episode of CIBC Smart Advice, host Carissa Lucreziano sits down with financial psychologist and Certified Financial Planner Dr. Brad Klontz to explore the beliefs and experiences that influence how couples approach money. Brad explains how “money scripts” can develop from our earliest experiences with money, why partners often bring very different financial perspectives into a relationship, and how those differences can actually create greater balance. He also discusses how couples can navigate saving and spending, decide how to share expenses, set individual and shared financial goals, and build a financial system that evolves as their lives change. About Brad KlontzDr. Brad Klontz, Psy.D., CFP®, is an expert in financial psychology, financial planning and applied behavioural finance. He is an Associate Professor of Practice at Creighton University’s Heider College of Business, Co-Founder of the Financial Psychology Institute and Managing Principal of YMW Advisors. A Fellow of the American Psychological Association, Brad has written extensively on the psychology of money and has co-authored or co-edited numerous books on the subject. His latest book, Start Thinking Rich, explores the beliefs and behaviours that shape our financial lives. His work has been featured in The Wall Street Journal, The New York Times, The Washington Post, TIME, NPR, Good Morning America and other major media outlets. Resources Mentioned / Links List CIBC's "Smart Advice" Podcast and Website - Website | Apple Podcasts | SpotifyVisit CIBC for more Smart AdviceDr. Brad Klontz – Instagram | YouTube | LinkedInStart Thinking Rich3 Reasons Why You Should Listen to This Episode Understand how childhood experiences and “money scripts” can influence the way you and your partner save, spend and make financial decisions.Learn why there isn't one right way to combine finances, share expenses, or set financial goals as a couple.Discover how regular conversations, greater self-awareness and automation can help couples build a financial system that evolves with their lives. Enjoyed this Episode?If you did, be sure to subscribe and share it with your friends! Talking about money with your partner isn't always easy, but understanding where each person's financial beliefs come from can be an important first step. Whether you're setting shared goals, deciding how to manage expenses or simply checking in on what's working, open conversations can help you build a financial approach that works for both of you. CIBC's Smart Advice hub offers expert insights, practical tools and resources to help you navigate financial decisions together and plan for what comes next. 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. Hosted on Acast. See acast.com/privacy for more information.

What does it mean to make your money work for the life you actually want? Carissa Lucreziano sits down with Jessica Moorhouse to talk about mindful spending, money habits, financial goals, and practical steps that can help you feel more confident and in control of your financial future. About Jessica Moorhouse Jessica is an award-winning Canadian money expert, Certified Financial Counsellor (CFC™), Qualified Associate Financial Planner™ (QAFP®), media personality, host of the top-ranking More Money Podcast, and bestselling author of "Everything but Money." Like many millennials, Jessica graduated from university during the Great Recession with student loans to pay off, no job, and zero idea how money worked. As it turned out, she wasn’t alone. The lack of relatable and non-judgmental financial advice available inspired her to found MoorMoney Media Inc., a financial education company that includes online courses, her YouTube channel, and one of the leading personal finance podcasts in Canada — the More Money Podcast. Jessica has been an on-air TV personality on CTV News, CBC News and BNN Bloomberg for over a decade, has been quoted by the media as a money expert hundreds of times, and often works as an influencer with big brands such as BMO ETFs, TELUS Online Security, Wise and QuickBooks. Her first book, "Everything but Money", hit bookshelves on Dec. 31, 2024 (HarperCollins Canada) and became an instant Indigo Staff Pick, Globe and Mail Bestseller, Toronto Star Bestseller, Amazon Bestseller and Quill & Quire Bestseller. Resources Mentioned / Links List ●      CIBC's "Smart Advice" Podcast and Website - Website | Apple Podcasts | Spotify ●      Visit CIBC for more Smart Advice ●      Jessica Moorhouse | Website ●      More Money Podcast ●      Everything but Money: The Hidden Barriers Between You and Financial Freedom 3 Reasons Why You Should Listen to This Episode 1.Understand how lifestyle creep and your money mindset shape the way you spend and save. 2.    Learn how clear financial goals can help you make smarter money decisions. 3.    Discover why investing and professional advice can help build lasting financial confidence. Enjoyed this Episode? If you did, be sure to subscribe and share it with your friends! Building a healthier relationship with money starts with understanding your options and having access to trusted information. CIBC's Smart Advice hub offers expert insights, practical tools and resources to help you make informed financial decisions at every stage 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. Hosted on Acast. See acast.com/privacy for more information.

Tax planning isn't just something to think about when it's time to file your return. The decisions you make throughout the year can have a meaningful impact on how much of your money you ultimately keep. In this episode of CIBC Smart Advice, host Carissa Lucreziano sits down with CIBC tax expert Jamie Golombek to explore practical tax strategies Canadians can consider at different stages of their financial lives. Jamie shares how understanding your tax rate can help you make more informed decisions about your money, uncover opportunities you may be overlooking and plan more effectively for the future. About Jamie GolombekJamie Golombek is Managing Director, Tax and Estate Planning with CIBC in Toronto. As a member of the CIBC Private Wealth team, Jamie works closely with advisors from across CIBC to support their clients and deliver integrated financial planning and strong advisory solutions. He joined the firm in 2008 after 12 years with a global investment company, where he was involved in both internal and external consulting on all areas of taxation and estate planning. Jamie has also worked for Deloitte as a tax specialist in the Toronto office, where he specialized in both personal and corporate tax planning. Jamie is quoted frequently in the national media as an expert on taxation. He writes a weekly column called “Tax Expert,” in the National Post, has appeared as a guest on BNN, CTV News, and The National, and for several years was a regular personal finance guest on The Marilyn Denis Show. He received his B.Com. from McGill University, earned his CPA designation in Ontario and qualified as a US CPA in Illinois. He has also obtained his Certified Financial Planning (CFP) and Chartered Life Underwriting (CLU) designations. In 2023, Jamie was named a CPA Ontario Fellow. The FCPA is the highest distinction that can be bestowed upon a CPA who brings distinction to themselves and to their profession through leadership and achievement in their professional, community or personal lives. Jamie is a past chair of the Investment Funds Institute of Canada’s Tax Working Group. He is also a member of CPA Ontario, the Illinois CPA Society, the Estate Planning Council of Toronto, the Canadian Tax Foundation and the Society of Trust and Estate Practitioners. For nearly two decades, Jamie taught an MBA course in Personal Finance at the Schulich School of Business at York University in Toronto. Visit Jamie Golombek’s profile on CIBC here. Resources Mentioned / Links List ●      CIBC's "Smart Advice" Podcast and Website - Website | Apple Podcasts | Spotify ●      Visit CIBC for more Smart Advice ●      Jamie Golombek | CIBC ●      CIBC | Tax Toolkit 2026 ●      CIBC | Do You Know What Your Tax Rate Is? ●      CIBC | Give a Little Bit: Tax Planning & Gifting ●      CIBC | First Home Savings Account (FHSA) resources 3 Reasons Why You Should Listen to This Episode Learn how understanding your marginal tax rate can help you make smarter decisions about where and how you save and invest.Discover tax planning opportunities around gifting, homeownership and strategies you may not have considered.Understand why proactive planning can be especially important for business owners, families and Canadians preparing for major financial milestones. Enjoyed this Episode?If you did, be sure to subscribe and share it with your friends! Tax rules can be complex, but understanding how they apply to your financial decisions can help you plan with greater confidence. CIBC's Smart Advice hub offers tax tips, expert insights, tools and resources to help you better understand your options and make informed decisions throughout the year. 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. Hosted on Acast. See acast.com/privacy for more information.

Online fraud is evolving at an unprecedented pace. Today's scams are more convincing, more personalized, and increasingly difficult to recognize, whether they arrive through a phishing email, a fake investment opportunity, a romance scam, or even a voice that sounds like someone you know and trust. In this episode of CIBC Smart Advice, host Carissa Lucreziano speaks with Joe LoBianco, Chief Information Security Officer at CIBC, about how fraud has changed, the warning signs Canadians should never ignore, and the simple habits that can significantly improve your online security. Together, they discuss how banks detect suspicious activity before clients even know something is wrong, why scammers rely on urgency and emotional manipulation, and how tools like password managers and multi-factor authentication can provide an extra layer of protection. Joe also shares practical advice on what to do if you believe you've been targeted by fraud and the trusted resources available to help Canadians stay informed. About Joe LoBianco Joe LoBianco is Chief Information Security Officer at CIBC, where he leads the bank's cybersecurity strategy and the teams responsible for protecting clients, employees, systems, and data from evolving cyber threats. With more than 20 years at CIBC, he is focused on building trust through innovative security solutions that help keep Canadians safe in an increasingly digital world. Resources Mentioned / Links List ●      CIBC's "Smart Advice" Podcast and Website - Website | Apple Podcasts | Spotify ●      Visit CIBC for more Smart Advice ●      Joe LoBianco | Linkedin ●      Canadian Anti-Scam Coalition | standagainstscams.ca/ ●      Stand Against Scams | Instagram 3 Reasons Why You Should Listen to This Episode Learn how today's most common scams work, and the warning signs that can help you recognize them before it's too late.Discover practical cybersecurity habits, including password management and multi-factor authentication, that can better protect your personal information and finances.Understand how CIBC detects suspicious activity behind the scenes and why slowing down may be your best defence against fraud. Episode Highlights [02:40] How Banks Detect Fraud Before Clients Know Joe explains how transaction monitoring, behavioural patterns, and real-time analysis help identify suspicious activity before fraud escalates. [04:42] The New Reality of Modern Scams Joe explores how fraud has evolved beyond phishing emails to include romance scams, investment fraud, and increasingly sophisticated impersonation tactics. [08:21] The Biggest Red Flag to Watch For "Usually, the fraudsters will try to manufacture some sense of urgency." Joe explains why pressure and emotional manipulation are at the heart of many scams, and why slowing down can be your best defence. [10:09] Strengthening Your Everyday Security Joe shares practical ways to better protect your accounts, from password managers to multi-factor authentication and biometrics. [19:14] Think Before You Click "There really is no urgency in most situations to acting." Joe shares the simple mindset he applies to suspicious emails, texts, and messages, and why taking a moment before responding can prevent costly mistakes. Enjoyed this Episode? If you did, be sure to subscribe and share it with your friends! Protecting yourself from fraud starts with staying informed. CIBC offers a range of resources to help you recognize scams, strengthen your digital security, and stay up to date on emerging fraud trends. Visit our website to explore more articles, tools, and expert advice designed to help you bank with confidence. 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. Hosted on Acast. See acast.com/privacy for more information.

What do wealthy families talk about differently? Lana Robinson joins Carissa Lucreziano to explore the conversations and the habits that help families build lasting financial legacies. What if the biggest difference between families who build lasting wealth and everyone else isn't how much they earn, but how they think? When we talk about wealth, we often focus on investments, markets, and financial strategies. But for families who successfully build and preserve wealth across generations, the most important conversations often have nothing to do with money at all. In this episode of CIBC Smart Advice, host Carissa Lucreziano sits down with Lana Robinson to explore what she's learned from working closely with successful families and business owners. Through stories and practical examples, Lana shares what successful families have in common when it comes to building wealth, preparing future generations, and creating a legacy that lasts. About Lana Robinson Lana Robinson is Head of Ultra-High Net Worth Private Banking and CIBC Family Office. She works with multi-generational families to articulate a vision for their wealth, their families, and their communities. Partnering closely with ultra-high net worth families and their advisors, Lana helps navigate the complexities of wealth, develop strategies for intergenerational wealth transfer, and build frameworks that support responsible stewardship across generations. In her role, Lana collaborates with advisors across CIBC Private Wealth and experts throughout CIBC North America to deliver highly customized solutions, from banking and investment strategies to complex credit arrangements and specialized planning. Her work focuses on helping families preserve wealth, prepare future generations, and build lasting legacies. Lana holds the Family Enterprise Advisor (FEA), Certified Financial Planner (CFP), and Certified Private Wealth Advisor (CPWA) designations. Visit Lana Robinson’s profile on CIBC here. Resources Mentioned / Links List ●      CIBC's "Smart Advice" Podcast and Website - Website | Apple Podcasts | Spotify ●      Visit CIBC for more Smart Advice ●      Lana Robinson | CIBC ●      Your guide to estate planning 3 Reasons Why You Should Listen to This Episode Discover the habits and conversations that successful families use to build lasting wealthLearn how to prepare the next generation for inheritance and financial responsibilityExplore how families approach big financial decisions. Enjoyed this Episode? If you did, be sure to subscribe and share it with your friends! Building wealth isn't just about numbers. It's also about values, communication, and creating a vision for the future. Whether you're planning for retirement, preparing the next generation, or simply trying to make more intentional financial decisions, this episode offers practical insights that can help you build a stronger financial foundation. 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. Hosted on Acast. See acast.com/privacy for more information.

Are Canadians finally catching a break? Benjamin Tal joins Carissa Lucreziano to unpack inflation, interest rates, AI, housing and the economic trends Canadians should actually be paying attention to right now. Economic headlines are competing for Canadians’ attention. Housing is still stretched, economic signals are mixed, and AI is starting to reshape how people think about work and growth. But how much of what we hear every day actually matters? Are Canadians finally starting to regain some financial stability? And what economic trends deserve more attention over the months ahead? In this episode of CIBC Smart Advice, host Carissa Lucreziano sits down with Benjamin Tal, Deputy Chief Economist at CIBC Capital Markets, to unpack the forces shaping Canada's economy right now. From inflation and consumer confidence to AI, housing and the future of work, this conversation is about separating signal from noise and helping Canadians focus on what will have the biggest impact on their finances. 3 Reasons Why You Should Listen to This Episode Learn which economic headlines Canadians should actually pay attention to right nowUnderstand how AI, the labour market and housing are reshaping Canada's futureDiscover Benjamin Tal's outlook on inflation, interest rates and where the economy is headed next About Benjamin Tal Benjamin Tal is Deputy Chief Economist at CIBC Capital Markets and a member of CIBC's economics team, where he analyzes macroeconomic developments and their implications for fixed income, equity, foreign exchange and commodities markets. Well known for his research on labour market dynamics, real estate, credit markets, international trade and business conditions, Benjamin not only contributes to the economic conversation but frequently helps shape it. He also advises bank leaders on issues related to wealth management, household credit and risk, and corporate credit and risk. With nearly 20 years of experience advising clients, industry leaders, corporate boards, trade associations and governments, Benjamin is a regular commentator in the media and a trusted voice on the economic issues shaping Canada's future. Benjamin is a member of the Economic Committee of the Canadian Chamber of Commerce and the Economic Development Committee of the Toronto Board of Trade. He also serves on the boards of Junior Achievement of Central Ontario and Toronto Financial International. Visit Benjamin Tal's profile on CIBC here. Resources Mentioned / Links List ●      CIBC's "Smart Advice" Podcast and Website - Website | Apple Podcasts | Spotify ●      Visit CIBC for more Smart Advice ●      Benjamin Tal | CIBC Capital Markets Inc. Enjoyed this Episode? If you did, be sure to subscribe and share it with your friends! Canadians are constantly navigating a flood of economic headlines, but understanding what truly matters can make financial decisions feel much more manageable. Whether it's inflation, interest rates, housing or the future of work, focusing on long-term trends instead of short-term noise can help Canadians make more informed decisions about their 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. 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. About Scott McGillivray 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. Resources Mentioned / Links List ●    CIBC's "Smart Advice" Podcast and Website - Website | Apple Podcasts | Spotify ●    Visit CIBC for more Smart Advice 3 Reasons Why You Should Listen to This Episode Learn Scott  McGillivray’ss preparing or purchasing framework for navigating today's marketDiscover the hidden costs and conversations Canadians often overlook before buying a propertyUnderstand which real estate trends are worth pursuing and which ones may create expensive lessons Enjoyed this Episode? 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. 3 Reasons to Listen to This EpisodeLearn how portfolio drift can quietly change your investment strategy over timeDiscover why investment FOMO and overtrading can hurt long-term returnsUnderstand how diversification and discipline help investors navigate market uncertainty Resources Mentioned / Links List ●      CIBC's "Smart Advice" Podcast and Website - Website | Apple Podcasts | Spotify | Amazon Music ●      Visit CIBC for more Smart Advice About David WongDavid 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.       Episode Highlights [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? If you did, be sure to subscribe and share it with your friends! 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. 3 Reasons to Listen to This Episode1.) 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 Resources Mentioned / Links List ●      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 About Tom DeansDr. 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. Episode Highlights[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? If you did, be sure to subscribe and share it with your friends! Hosted on Acast. See acast.com/privacy for more information.

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. 3 Reasons Why You Should Listen to This Episode Understand how global events, from tariffs to geopolitical conflict, are shaping Canada’s economy and directly impacting your financesLearn how Canada is balancing long-term economic growth with short-term affordability pressures, and what that means for householdsGain perspective on how major policy decisions are made at the federal level and how they influence everyday economic outcomes. About Lisa RaittLisa 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. About Marco MendicinoMarco 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. Resources Mentioned / Links List  ●      CIBC's "Smart Advice" Podcast and Website - Website | Apple Podcast | Spotify ●      Visit CIBC for more Smart Advice ●      The Raitt Stuff - Podcast 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 send this to your friends and family. Hosted on Acast. See acast.com/privacy for more information.

The headlines are loud. Markets are shifting. And it’s getting harder to know what actually matters. This season of CIBC Smart Advice is all about staying grounded when the news moves faster than your financial plan. Hosted by Carissa Lucreziano, this season brings together economists, investment professionals, and tax experts to help Canadians cut through the noise and focus on what really impacts their money—now and in the future. Across the season, we explore the questions shaping how Canadians think about money today. From navigating global uncertainty to understanding generational shifts in wealth, to building a strong financial foundation and making sense of your own money mindset. Because most people don’t need more information. They need the right conversation. Follow now and get ready for new episodes. Hosted on Acast. See acast.com/privacy for more information.

Here are three reasons why you should listen to this episode:Discover the key themes shaping financial decision-making, from economic shifts to evolving investor needs.Understand how resilience emerged as the strongest guide for navigating uncertainty.Learn how expert insights can inspire clearer and more confident choices moving forward.ResourcesCIBC's "Smart Advice" Podcast and Website - Website | Apple Podcast | SpotifyVisit CIBC for more Smart AdviceEpisode Highlights[00:21] Season Wrap-Up: The Themes Defining Financial Decision-Making  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.[01:50] Lisa Raitt: Resilience and Economic Opportunities in CanadaCanada’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.[03:32] Andrew Grantham: Housing Market Realities Across ProvincesHousing 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.[04:48] Ian Gallagher: Entrepreneurship, Innovation and Succession PlanningEntrepreneurship 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.[06:13] CIO David Wong: Investing Wisely Through Short-Term NoiseMarket 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.  [07:24] Aaron Young: Fixed Income’s Role in a Balanced PortfolioFixed 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.[08:36] Meric Koksal: Alternative Investments and Intergenerational Wealth PlanningAlternative 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.[10:20] Michael Keaveney: Teaching Financial ResponsibilityBuilding 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.[12:19] Richard Voss: Estate Planning and Lifetime GivingLifetime 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.  [13:50] Jamie Golombek: Year-End Tax Planning for a Stronger Financial FutureYear-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.  [15:30] Dr. Noah Levine: Health and Financial Well-BeingPersonal 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.  [17:35] Investing in Personal Growth and Future OpportunitiesPersonal 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.About CarissaCarissa 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. 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 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.

Here are three reasons why you should listen to this episode:Understand how Canadian businesses can prepare for generational wealth transition.Gain practical tips on business succession, valuation, and managing complex family dynamics.Reflect on the emotional side of entrepreneurship and how legacy planning shapes the future.ResourcesCIBC's "Smart Advice" Podcast and Website - Website | Apple Podcast | SpotifyVisit CIBC for more Smart AdviceIain Gallagher: LinkedIn | CIBC ProfileEpisode Highlights[00:31] The Changing Landscape of Canadian BusinessCanada’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.[03:28] A New Generation of EntrepreneursMore 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.[06:07] Building the Foundations of a Modern BusinessToday’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.[07:49] The Great Transition: Preparing for Business SuccessionA 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.” [10:24] Business Succession and Sales ReadinessEven 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.[15:27] The Emotional Side of Letting GoSelling 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.[18:09] What Makes a Transition WorkA 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.[20:38] The Value of Expert GuidanceThe 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.[23:16] From Business Owner to Wealth StewardSelling 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.[26:09] Reflecting on the Entrepreneurial JourneyCarissa 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. About Iain GallagherIain 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. 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 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.

Here are three reasons why you should listen to this episode:Gain insight into the practical and emotional complexities of intergenerational wealth transfer, including the rise of living gifts.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.Learn why financial independence matters and how the younger generation can build wealth beyond inheritance.ResourcesCIBC's "Smart Advice" Podcast and Website - Website | Apple Podcast | SpotifyVisit CIBC for more Smart AdviceRichard Voss: LinkedIn | CIBC ProfileEpisode Highlights[00:20] The Great Wealth Transfer in CanadaCanada 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.” [03:44] Why Having a Will MattersDespite 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.[09:17] Starting Family Conversations About Wealth TransferTalking 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.[13:42] Building Financial Independence for the Next GenerationRising 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.[17:40] The Role of Advisors and Ongoing Financial PlanningCarissa 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.[20:10] Managing and Making the Most of an InheritanceRichard 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.[22:32] Planning the Future, One Step at a TimeCarissa 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.About Richard VossRichard 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. 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 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.