Our guest this episode is Jason Heath—Managing Director at Objective Financial Partners and one of Canada’s most respected fee-only/advice-only financial planners.

In this episode, Dave and Jason cover the foundations of financial planning in Canada, tackling hot-button topics like RRSPs vs. TFSAs, reverse mortgages, annuities, CPP/OAS timing, insurance planning, estate-planning pitfalls and more. They also discuss how to prioritize financial goals, avoid common mistakes and build a plan that actually works in the real world.

Whether you’re planning for retirement, building your financial future or just want a clearer understanding of how all the pieces fit together, this episode is a masterclass in financial planning.

Show Notes

(00:00 ) Intro & Disclaimer

(00:55 ) Intro to Jason Heath

(03:00 ) The Rising Cost of Living in Canada

(05:00 ) The Pros and Cons of Getting Financial Information from Finfluencers

(10:06 ) Investing vs. Financial Planning

(12:47 ) Objective Financial Partner’s Clients and Services

(15:10 ) Estate Planning

(18:41 ) Reverse Mortgages Get a Bad Rap

(21:04 ) Use Cases for Annuities

(24:24 ) People Don’t Want to Listen to the Experts and Defer CPP and OAS

(25:31 ) TFSAs vs. RRSPs

(27:54 ) Decumulation Planning for Retirees

(33:01 ) Disability Insurance

(35:29 ) Life Insurance

(40:04 ) Gifting Money to Kids

(41:52 ) Estate Planning Mistakes

(44:24 ) The Importance of Prioritization in Financial Planning

(49:34 ) Financial Education and Finding Balance