Doug and Ted sit down to chat about the 2024 federal budget. Believe it or not Doug actually read the entire budget! They discuss taxes, what a budget means, making tax filing automatic, government single sign-in portal, reducing CRA call centre wait times, NSF fees, free and affordable bank accounts, cell phone charges, credit reports, and payday loans. They also get into detail about how credit for paying rent will impact Canadians.

Timestamps:

00:00 Documentary announcement

02:37 Why should you care about the Federal budget?

03:00 Taxes

06:28 What is a budget?

08:07 Automatic tax filing for low-income Canadians

10:29 Single sign in portal for government services

11:35 Reduce CRA call centre wait times

12:07 NSF Fees

14:23 Free and affordable bank accounts

17:47 Cell phone fees

18:38 Credit for paying rent

24:12 Credit utilization for rent

26:10 Student housing

27:45 Credit bureaus

29:03 Payday loans

29:55 Final thoughts

Related Links:

Should Rent Be a Part of a Credit Score?: https://www.hoyes.com/blog/should-rent-be-a-part-of-a-credit-score/

Federal Budget 2024: https://budget.canada.ca/2024/home-accueil-en.html

TurboTax Personal Tax Calculator: https://turbotax.intuit.ca/tax-resources/canada-income-tax-calculator.jsp

Bretton Woods and Related Agreements Act: https://laws-lois.justice.gc.ca/eng/acts/b-7/index.html

How much does it cost to own a pet? Join Doug and special guest Maureen Parent as they break down the expenses, from breeder fees to food, vet bills, travel, dental, training, and more! Maureen offers valuable tips for managing your pet's expenses while avoiding debt.

Time Stamps:

00:00 Introduction

02:05 What are the upfront costs of owning a pet?

06:11 The regular costs of owning a pet

16:55 The unexpected costs of owning a pet

20:33 How much does it cost to board your pet?

21:55 Practical advice for owning a pet

24:04 Pet Insurance

25:42 Smaller pets vs. large pets

27:30 Can rescue pets save you money?

27:55 Toy and treat tips to save you money

29:59 Conclusion

Related Links:

The Cost of Dog Parenthood in 2024 - https://www.rover.com/ca/blog/cost-of-dog-parenthood/

Should you buy a home or rent in Canada? We look at the risks and expenses involved when it comes to purchasing a home. From the unpredictable market trends to steep mortgage penalties and ongoing maintenance costs. As we weigh at the pros and cons, this episode may make you rethink your views on homeownership, not only as an investment but as a consumer choice. Could renting be the smarter choice in 2024? Watch the episode now to find out.

Time Stamps:

00:00 Introduction

01:00 Reasons you should own a home

03:38 Is a mortgage a forced savings plan?

06:10 Reasons not to buy a home

06:21 Timing is everything in real estate

08:17 Variable rate interest only mortgage vs. amortization mortgage

12:03 Moving if you own a home vs. if you rent

15:29 Maintenance

18:50 Credit creep

24:11 Practical advice

Related Links:

Homeowners Bankruptcy Index: https://www.hoyes.com/press/homeowner-bankruptcy-index/

Hoyes Michalos Bankruptcy Study: https://www.hoyes.com/press/joe-debtor/

Why Does Home Ownership Cause Financial Problems?: https://www.hoyes.com/blog/why-does-home-ownership-cause-financial-problems/

Think Twice Before You Get a Home Equity Line of Credit: https://www.hoyes.com/blog/think-twice-before-you-get-a-home-equity-line-of-credit/

Why a House Does Not Guarantee Financial Security: https://www.hoyes.com/blog/why-a-house-does-not-guarantee-financial-security/