January 27, 2025 • 22 mins
Jacqueline Correa examines the current landscape of Canadian politics, urging listeners to conduct thorough research before voting. The discussion highlights the need for political accountability and the potential for rebuilding through informed electoral choices.
• Understanding the importance of independent research before voting
• Analysis of Trudeau's resignation and its implications
• The impact of immigration on housing and resources
• Personal journey towards political awareness and engagement
• Legacy of Jim Flaherty's financial reforms and programs
• Encouragement for proactive community engagement in politics
• Vision for a hopeful reconstruction of Canada's future
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:01):
Hello everyone.
I am Jacqueline Correa, yourhost on this journey.
Today we are actually going totalk about Canadian politics and
procedures and why is Canada inthe state that we are in today.
We're also going to talk alittle bit as to why is the
importance for the research.
You do your own research beforevoting for a particular party
(00:25):
or voting for any party andespecially, um, one of the
things that I found and I'mguilty of it is that we tend to
vote for the same party that ourparents had voted for and I
don't know.
Mostly I mostly I see this morein the West Indian community
(00:46):
that we have this tendency tovote for the same party that our
parents did, and I know it'skind of that.
Well, you know, we understandwhere you know that party came
from and what they did for ourfamily and we have this tendency
that we go back and vote forthat person, tendency that we go
(01:09):
back and vote for that person.
But we have to do our researchas to what that party is doing
for you in your community whenwe pick the person that you feel
is best candidate for yourdistrict.
You know, let's talk about themismanagement of Trudeau and his
Liberal Party that he has done.
(01:29):
I mean, he chose to resign onJanuary 6th of 2025.
And I personally feel that thatwas a year too late and I know
we are not out of the water.
But there are some growingpains for Canada and we will
have to be very patient, um, toget through this, because
(01:53):
reality is we are going to getthrough this, we are going to
get through all of this and weare going to come out better and
stronger.
For his resigning Um, I mean,it's like he's dragging on a
dead horse because, even thoughhe resigned, he's not, he hasn't
left, which can create moredamage.
But the beautiful part of Canadais the fact that we have the
(02:17):
resources.
Canada birth is the.
That's our wealth.
That's our wealth.
We have the natural resource.
You know, there are severalfactors why Canada is in the
state that it's in, and one ofthe biggest one is we have an
overpopulated growth ofimmigrants that has come into
the country over the last decade.
(02:41):
That has really caused and it'sone one there are many factors,
but that's a big one becausetheir housing we don't have
enough to accommodate the amountof immigrants that have come
into this country the clapped onit, the collapse on energy
resource and investment alsocontribute to the weekend, the
(03:04):
weekend of the economic growth.
The amount of red tape, um thatyou have to go through to get
anything approved is what hascaused this problem.
So when um the liberals tookoffice in 2015, one of their
mandates were um and they wentto the supreme courts to get
(03:26):
these permit um just put on halt.
So that's what's caused that.
That's really what's caused thethe um, the collapse of weaken
of the economy.
Because here we have four majorum wealth for canada energy,
(03:48):
minerals, timber and crude oiland investors can't invest in
canada.
They have literally left,because when they apply for
these permits, they're justpretty much sitting there, so
nobody's getting anything passedthrough, and so investors find
it extremely tough to invest incanada.
So over time, it's like havinga reservoir of water and if you
(04:12):
put a like, you know you squeezethat hose and water stop
running.
Eventually, whatever is left inthat hose is going to dry up.
So it's not that we don't havethe resource to make this
country great again.
We have it.
It's just that the players thathave been running this country
(04:34):
I don't know why they've justyou know what was their agenda
behind the scene to cause allthis blockage in the pipelines,
to stop all of this, likeforestry, you know, like you
know that when we used to put297 billion of lumber, you know,
(04:57):
out of Canada, that hasdecreased the paper that we used
to create in Canada, that'sdecreased Energy.
Canada, that's decreased.
Energy, that's decreased.
We are the second largest of ofhydroelectricity in the world
and you know these are allthings that have been the the
(05:19):
plenish in because of badbusiness management in Canada.
So I'm going to share a littlestory with you.
Back in 2004, when I moved intomy community, I purchased my
home and I moved into acommunity and they were just
(05:40):
starting to prepare for the 2015election no, the 2006 election,
I think, or 2005 election.
I couldn't remember exactlywhen the election was and I
don't know exactly how thisconversation came up, but I was
in the office with some of thegals and, as an immigrant, you
(06:01):
know one of the things that Idid I always, in my case case,
just like, I guess, many otherWest Indians that have come to
this country we tend to vote thesame for the same party,
because our parents did it, andfor the and in those times I
voted liberal because, you know,we went back to how charismatic
(06:26):
Trudeau senior was and what hehad done for many immigrants
around the world.
So at the time I guess I washaving this conversation that,
oh, election was coming I can'tremember exactly how it came up
and I believe that was the bestadvice this woman, an elder
woman that was in the group, hadsaid to me um, she says what
(06:47):
well, why would you vote forliberal?
And I said well, because oftrudeau senior.
She, she said no, no, no, no,you don't vote because of of
what that one person has done.
You vote for a party based onyou, vote for a party based on
the person that is in yourdistrict.
You do your research and seewhat that person is doing for
(07:12):
your community before you votefor a party.
And that had created such apowerful impact on me that I
took it upon myself to do my ownresearch on me, that I took it
upon myself to do my ownresearch.
And so, as I at the time when Iwas doing my research, I'm in
the city of Whitby, and so JimFlaherty I think his name is if
(07:36):
I pronounce it, forgive me wasrunning for Whitby, oshawa, at
the time, and he had come acouple times to my home trying
to introduce himself, and Ithink he was coming to our
church at the time.
And, um, he had come a coupletimes to my home trying to
introduce himself, and I thinkhe was coming to our church at
the same time too.
So, you know, I, I did myresearch, I got to know that he
was in you know politics for along time and eventually
(07:56):
election came and I voted forthis person, and so I mean he's
now dead.
But the reason I'm actuallysaying this to you, it's one of
my greatest why I'm speakingabout this man, because here I'm
in finance and I help clientsevery day to use some of the
products that he himself created.
(08:20):
Do you know that when this mantook office, our GST percentage
on our GST was 7%, and when hetook office, he was able to
bring our GST from seven to fivepercent?
Because when he took over poweragain, he took it over from the
(08:40):
Liberals.
Our country was in a mess.
It was in a total mess.
So when he took it over,interest rate on GST was at
seven percent and that's wherehe started to bring down.
His mission was to bring downthe debt.
And then after that, after hedid that in 2007, he introduced,
(09:03):
or he launched RDSP, which isRetirement Disability Savings
Plans.
It was a groundbreakinginitiative aimed to support
individuals with disability inCanada initiative aimed to
support individuals withdisability in Canada and so what
he wanted to do, his mandate,was helping families, and when
he created this, he wanted tomake sure that people with
(09:25):
disability would not bediscriminated, because if they
had an illness, they couldn'tsave for retirement.
He wanted to create a plan thatwas good, that they can go into
retirement and had somethingavailable to them, and he went
as far as to say, if you put adollar into this plan, he would
match it $3.
(09:46):
So and this plan is one of thegreatest investments so if
there's anybody out there thathas a child or even have someone
that has a disability and youknow you invest into the plan,
now you have to be 49 years orunder in order to go into the
(10:08):
plan and that money has to stayinvested for 10 years.
And I believe he did all ofthis so that people wouldn't
just abuse it and it was reallymeant.
It really took the place forthat person, like an RRSP, but
better, just because of theperson's disability and so what?
(10:28):
What he so?
So if you have a family that mayhave had, let's say, you had, a
child that had autism or someform of illness and that child
was diagnosed before the year2009, and you had some form of
documentation from your doctorthat stated that this child had,
or this person had, thissickness way to past 2009, you
(10:51):
can go all the way back to 2009and get all those credits back
into your account.
So, let's say, you put $10,000to your investment or to a
child's investment, and thatchild was diagnosed with
whatever illness in 2008, andyou're now in 2025,.
(11:11):
Let's say, or they were werediagnosed in 2017 or I'm
bringing it a little further thegovernment will match it all
the way back to the time theprogram was started.
So that is free money that itcould be now invested into your
child or into yourself.
But again, as an adult, youhave to be um 49 and under to
(11:34):
get onto this program.
But it's a great, great program.
And again, these are programsthat are not discussed properly
because a lot of times you go toa bank and they just put in the
daily interest.
These are investments, theseare long-term investments and
should be invested in the rightinvestments so that that money
will multiply, right?
(11:54):
So that's one of them.
Again, the other one that he,in 2008, he brought into.
He brought in anotherinvestment, which is called the
tax-free savings account, and inthe tax-free savings account,
you know, if you haven'tcontributed now I didn't
(12:15):
actually take a look, I shouldhave done that.
I think we're over to 100,000right now, but as of last year,
you could invest up to 95,000.
You had a room of 95,000 toinvest into this program.
Now, if for anybody from theage of 18 and over could invest
in this, and if you had neverinvested into this plan, you
(12:35):
could start investing.
But you have a room Now.
If you're a young teenager thatnow started to work and you're
now 2021, your room could onlystart from the day you turn 18
to now.
But let's say you're an adultand you never invested into it
and you, you know you couldactually start making investment
into this program from all theway from 2009.
(12:55):
So, if you have not used upyour room, you have a room up to
$95,000.
Now the thing with RSPs, andagain, not RSPs, again, tax-free
savings, the reason that thisplan came into effect, and again
, these are things that are notdiscussed.
The program came into effect.
He did an amazing job of it,but it's not related to our
(13:16):
clients properly.
A lot of people don't have thefull understanding.
They just think this was justanother savings account.
No, if you put $95,000 intothis account because as of 2024,
that was the room you hadavailable and that money grew,
let's say, to a million dollarsby the time you hit retirement
you will withdraw that moneytax-free.
(13:38):
It grows in that plan tax-free.
So your goal is always to getit in the right investment, not
at a savings account at the bank.
We're talking about realinvestment and let it grow.
The purpose for that programthat he created was to help
seniors or help you inretirement.
(14:00):
Because what?
What was happening here?
You had people were retiringand they had half a million in
in um.
They had a pension at work andthey probably would be.
They had a half a million andthen, on top of that, nobody
told them that they shouldn'thave been putting money into
RSPs because you have thispension.
(14:21):
So here they are going intoretirement, they have all this
money in their pension that iscoming from work.
They have another maybe 200,000sitting in RSPs, and then they
have CPP and OLED security andall these products that they
have are going to be taxed atwhatever income they're drawing
(14:41):
at.
So what ends up happening?
You have people in retirement,and this is what's happening to
a lot of the elder clients rightnow.
What's happening in retirement?
They're still at a tax bracketof 55 instead of 30 and 35.
So the whole purpose for thiswas to reduce how much money
(15:01):
you're pulling from these taxproducts so that the tax-free
savings would offset, so thatyou don't be hit with all the
taxes.
The whole intention was youshould be drawing from your tax
products 30% and then take theother 20% from your tax-free
savings account, but it wasnever explained because, again,
(15:23):
the bank just took it and wantyou to get your money and you
put it into a daily interestthat's getting 0.0 and that
money is never growing.
And so now people are goinginto retirement either running
out of money or they're nowtaken from products that are all
taxing at 50 and 55 percent,and that's half of the money
(15:43):
that they have built up overretirement.
It's going back to thegovernment, and so these are
things that you know as toreason why he created this
product because I am sure hehimself was realizing that he
had a huge pension and he wasprobably putting into retirement
and he needed to offset.
So he created this to help us,as Canadians, reduce some of our
(16:07):
taxes in retirement.
And he continued to workcontinuously up until 2013 to
bring down the tax, the taxes,and he did.
And then in 2014, in 2014, he Idon't know if it was cancer, but
something was wrong with himand he passed.
But the reason I'm telling youthis story is the fact that, you
(16:29):
know, I was proud of myself,that I did my research and, in
fact, that I picked someone thathad done so much for Canadians.
And I don't even think todaypeople recognize what this man
has done for this country.
In 2014, he died and in 2015,the Liberals took over.
And look where we are today.
(16:51):
What a difference of what thatman brought in stability to this
country and what this youngindividual brought to this
country nothing but distressed.
You know, I truly couldn'tunderstand what he was trying to
do for Canadians.
Or he wanted to do, maybe hewanted to show his, maybe wanted
to be better than his father.
(17:12):
I don't know.
His father was very charismatic.
He people loved his father.
You, you know, but in thissituation it's very a
disappointment.
I think every Canadian today isheartbroken.
I mean, there's a chance nowthat we can rebuild what we have
lost and, as I said before, Ihave hope for Canadians.
I have hope for us, because Ibelieve that Canada is a land of
(17:37):
many, many opportunities andthe beautiful thing about it we
have the resources.
We don't have to go buy theresources as the way that the
government was doing.
We have the resources.
If we vote in the right peopleinto these positions, we can
have a better Canada for thenext generation.
(17:57):
So, you know, I kind of andthis is short and sweet and I
just kind of wanted to talk alittle bit as you know, we are
going to go into an election inthe next few months, I think
maybe by March I'm not too surebetween March to October,
because October would have beenour election.
(18:18):
But take the time, take thistime to get to know who your MP
is, who he is, what he's about.
If you have been living in thedistrict and that person has not
done anything for the communityor you've seen that the
community has been going intothe pits, maybe this is the time
that to start looking to see ifthere's a new person running in
(18:40):
your district or, you know, putsome pressure on these people
to make some changes, becauseI'll tell you, like there's, you
know there's so many thingsnegative that's happening in the
country that that it was such abeautiful place to live in,
like I, I mean it still is.
We just have to get thingsunder control.
And you know, as I said,personally I believe I'm a
(19:04):
conservative.
I'm proud to say it.
Pierre Pallier will have myvote.
You know I think theconservative have been a great
party, not saying that.
That's why you should vote forthem.
But I think you need to takethis time to do your research to
see who's the best candidatefor your district so that for
(19:28):
the next 10 years we can havegrowth in this country.
Then we continue to go becauseour country can't take any more
blows.
We really can't.
This country has to startrebuilding back and I think him
resigning as much as it's notover.
It was a blessing to thecountry and I know we have our
(19:49):
little guy across the border whois just throwing his little
darts at us Canadians right nowand it could be very annoying
and I think we, as Canadian,just need to ignore those
comments, because he does noteven know what he is going to
walk into when he walks intooffice on the 20th and he has
his own stuff to deal with, butright now he has a lot of free
(20:11):
time, so he's throwing darts andhe and unfortunately, um, we
have a weak prime minister thatcan't even defend himself, much
less the people.
So you know, a lot of us feelyou know, I'm very proud to be
Canadian and so a lot of us havebeen feeling just heartbroken.
(20:35):
You know we're sad for thethings that have taken place in
the last 10 years, because it isa beautiful country and it's a
land of many opportunity, if youwant it to be.
So, you know we do have theresources and because we have
the resources, we can build backand we will build back stronger
.
I believe that and I think weas Canadians have to believe
(20:57):
that and we have to cometogether as a community to do
that together.
We can't just do it by one mantrying or we keep on trying to
rip the man at the top who'strying to rebuild the country.
We have to come together.
We were once that kind ofpeople and we have to become
that people again.
But again, as I said, don't justvote for the same party,
(21:20):
because mama and dad did that.
We need to do our researches,research, and I was one of them.
I voted liberal for a long timeuntil that lady said to me do
your research before you votefor this person.
You are now moving to a newcommunity.
See what that person is doingfor your community before you
voted for them.
And that made a change.
(21:40):
Because, you know, as I said, Ivoted for a man who made so
many changes for our countrythat today, as an advisor, I I
help clients with these products, you know.
So he's gone, he's no longerhere, but he's left a legacy
that will be here forgenerations to come.
(22:01):
So that's the kind of countrythat we want to be a part of,
and I'm proud to be a part ofthat.
So in all of that, you know, Ijust want to say thank you for
watching, and there will be alot more shows to come.
Thank you for watching.
Money is for you.
Bye.
Hello everyone.
I am Jacqueline Correa, yourhost on this journey.
Today we are actually going totalk about Canadian politics and
procedures and why is Canada inthe state that we are in today.
We're also going to talk alittle bit as to why is the
importance for the research.
You do your own research beforevoting for a particular party
(00:25):
or voting for any party andespecially, um, one of the
things that I found and I'mguilty of it is that we tend to
vote for the same party that ourparents had voted for and I
don't know.
Mostly I mostly I see this morein the West Indian community
(00:46):
that we have this tendency tovote for the same party that our
parents did, and I know it'skind of that.
Well, you know, we understandwhere you know that party came
from and what they did for ourfamily and we have this tendency
that we go back and vote forthat person, tendency that we go
(01:09):
back and vote for that person.
But we have to do our researchas to what that party is doing
for you in your community whenwe pick the person that you feel
is best candidate for yourdistrict.
You know, let's talk about themismanagement of Trudeau and his
Liberal Party that he has done.
(01:29):
I mean, he chose to resign onJanuary 6th of 2025.
And I personally feel that thatwas a year too late and I know
we are not out of the water.
But there are some growingpains for Canada and we will
have to be very patient, um, toget through this, because
(01:53):
reality is we are going to getthrough this, we are going to
get through all of this and weare going to come out better and
stronger.
For his resigning Um, I mean,it's like he's dragging on a
dead horse because, even thoughhe resigned, he's not, he hasn't
left, which can create moredamage.
But the beautiful part of Canadais the fact that we have the
(02:17):
resources.
Canada birth is the.
That's our wealth.
That's our wealth.
We have the natural resource.
You know, there are severalfactors why Canada is in the
state that it's in, and one ofthe biggest one is we have an
overpopulated growth ofimmigrants that has come into
the country over the last decade.
(02:41):
That has really caused and it'sone one there are many factors,
but that's a big one becausetheir housing we don't have
enough to accommodate the amountof immigrants that have come
into this country the clapped onit, the collapse on energy
resource and investment alsocontribute to the weekend, the
(03:04):
weekend of the economic growth.
The amount of red tape, um thatyou have to go through to get
anything approved is what hascaused this problem.
So when um the liberals tookoffice in 2015, one of their
mandates were um and they wentto the supreme courts to get
(03:26):
these permit um just put on halt.
So that's what's caused that.
That's really what's caused thethe um, the collapse of weaken
of the economy.
Because here we have four majorum wealth for canada energy,
(03:48):
minerals, timber and crude oiland investors can't invest in
canada.
They have literally left,because when they apply for
these permits, they're justpretty much sitting there, so
nobody's getting anything passedthrough, and so investors find
it extremely tough to invest incanada.
So over time, it's like havinga reservoir of water and if you
(04:12):
put a like, you know you squeezethat hose and water stop
running.
Eventually, whatever is left inthat hose is going to dry up.
So it's not that we don't havethe resource to make this
country great again.
We have it.
It's just that the players thathave been running this country
(04:34):
I don't know why they've justyou know what was their agenda
behind the scene to cause allthis blockage in the pipelines,
to stop all of this, likeforestry, you know, like you
know that when we used to put297 billion of lumber, you know,
(04:57):
out of Canada, that hasdecreased the paper that we used
to create in Canada, that'sdecreased Energy.
Canada, that's decreased.
Energy, that's decreased.
We are the second largest of ofhydroelectricity in the world
and you know these are allthings that have been the the
(05:19):
plenish in because of badbusiness management in Canada.
So I'm going to share a littlestory with you.
Back in 2004, when I moved intomy community, I purchased my
home and I moved into acommunity and they were just
(05:40):
starting to prepare for the 2015election no, the 2006 election,
I think, or 2005 election.
I couldn't remember exactlywhen the election was and I
don't know exactly how thisconversation came up, but I was
in the office with some of thegals and, as an immigrant, you
(06:01):
know one of the things that Idid I always, in my case case,
just like, I guess, many otherWest Indians that have come to
this country we tend to vote thesame for the same party,
because our parents did it, andfor the and in those times I
voted liberal because, you know,we went back to how charismatic
(06:26):
Trudeau senior was and what hehad done for many immigrants
around the world.
So at the time I guess I washaving this conversation that,
oh, election was coming I can'tremember exactly how it came up
and I believe that was the bestadvice this woman, an elder
woman that was in the group, hadsaid to me um, she says what
(06:47):
well, why would you vote forliberal?
And I said well, because oftrudeau senior.
She, she said no, no, no, no,you don't vote because of of
what that one person has done.
You vote for a party based onyou, vote for a party based on
the person that is in yourdistrict.
You do your research and seewhat that person is doing for
(07:12):
your community before you votefor a party.
And that had created such apowerful impact on me that I
took it upon myself to do my ownresearch on me, that I took it
upon myself to do my ownresearch.
And so, as I at the time when Iwas doing my research, I'm in
the city of Whitby, and so JimFlaherty I think his name is if
(07:36):
I pronounce it, forgive me wasrunning for Whitby, oshawa, at
the time, and he had come acouple times to my home trying
to introduce himself, and Ithink he was coming to our
church at the time.
And, um, he had come a coupletimes to my home trying to
introduce himself, and I thinkhe was coming to our church at
the same time too.
So, you know, I, I did myresearch, I got to know that he
was in you know politics for along time and eventually
(07:56):
election came and I voted forthis person, and so I mean he's
now dead.
But the reason I'm actuallysaying this to you, it's one of
my greatest why I'm speakingabout this man, because here I'm
in finance and I help clientsevery day to use some of the
products that he himself created.
(08:20):
Do you know that when this mantook office, our GST percentage
on our GST was 7%, and when hetook office, he was able to
bring our GST from seven to fivepercent?
Because when he took over poweragain, he took it over from the
(08:40):
Liberals.
Our country was in a mess.
It was in a total mess.
So when he took it over,interest rate on GST was at
seven percent and that's wherehe started to bring down.
His mission was to bring downthe debt.
And then after that, after hedid that in 2007, he introduced,
(09:03):
or he launched RDSP, which isRetirement Disability Savings
Plans.
It was a groundbreakinginitiative aimed to support
individuals with disability inCanada initiative aimed to
support individuals withdisability in Canada and so what
he wanted to do, his mandate,was helping families, and when
he created this, he wanted tomake sure that people with
(09:25):
disability would not bediscriminated, because if they
had an illness, they couldn'tsave for retirement.
He wanted to create a plan thatwas good, that they can go into
retirement and had somethingavailable to them, and he went
as far as to say, if you put adollar into this plan, he would
match it $3.
(09:46):
So and this plan is one of thegreatest investments so if
there's anybody out there thathas a child or even have someone
that has a disability and youknow you invest into the plan,
now you have to be 49 years orunder in order to go into the
(10:08):
plan and that money has to stayinvested for 10 years.
And I believe he did all ofthis so that people wouldn't
just abuse it and it was reallymeant.
It really took the place forthat person, like an RRSP, but
better, just because of theperson's disability and so what?
(10:28):
What he so?
So if you have a family that mayhave had, let's say, you had, a
child that had autism or someform of illness and that child
was diagnosed before the year2009, and you had some form of
documentation from your doctorthat stated that this child had,
or this person had, thissickness way to past 2009, you
(10:51):
can go all the way back to 2009and get all those credits back
into your account.
So, let's say, you put $10,000to your investment or to a
child's investment, and thatchild was diagnosed with
whatever illness in 2008, andyou're now in 2025,.
(11:11):
Let's say, or they were werediagnosed in 2017 or I'm
bringing it a little further thegovernment will match it all
the way back to the time theprogram was started.
So that is free money that itcould be now invested into your
child or into yourself.
But again, as an adult, youhave to be um 49 and under to
(11:34):
get onto this program.
But it's a great, great program.
And again, these are programsthat are not discussed properly
because a lot of times you go toa bank and they just put in the
daily interest.
These are investments, theseare long-term investments and
should be invested in the rightinvestments so that that money
will multiply, right?
(11:54):
So that's one of them.
Again, the other one that he,in 2008, he brought into.
He brought in anotherinvestment, which is called the
tax-free savings account, and inthe tax-free savings account,
you know, if you haven'tcontributed now I didn't
(12:15):
actually take a look, I shouldhave done that.
I think we're over to 100,000right now, but as of last year,
you could invest up to 95,000.
You had a room of 95,000 toinvest into this program.
Now, if for anybody from theage of 18 and over could invest
in this, and if you had neverinvested into this plan, you
(12:35):
could start investing.
But you have a room Now.
If you're a young teenager thatnow started to work and you're
now 2021, your room could onlystart from the day you turn 18
to now.
But let's say you're an adultand you never invested into it
and you, you know you couldactually start making investment
into this program from all theway from 2009.
(12:55):
So, if you have not used upyour room, you have a room up to
$95,000.
Now the thing with RSPs, andagain, not RSPs, again, tax-free
savings, the reason that thisplan came into effect, and again
, these are things that are notdiscussed.
The program came into effect.
He did an amazing job of it,but it's not related to our
(13:16):
clients properly.
A lot of people don't have thefull understanding.
They just think this was justanother savings account.
No, if you put $95,000 intothis account because as of 2024,
that was the room you hadavailable and that money grew,
let's say, to a million dollarsby the time you hit retirement
you will withdraw that moneytax-free.
(13:38):
It grows in that plan tax-free.
So your goal is always to getit in the right investment, not
at a savings account at the bank.
We're talking about realinvestment and let it grow.
The purpose for that programthat he created was to help
seniors or help you inretirement.
(14:00):
Because what?
What was happening here?
You had people were retiringand they had half a million in
in um.
They had a pension at work andthey probably would be.
They had a half a million andthen, on top of that, nobody
told them that they shouldn'thave been putting money into
RSPs because you have thispension.
(14:21):
So here they are going intoretirement, they have all this
money in their pension that iscoming from work.
They have another maybe 200,000sitting in RSPs, and then they
have CPP and OLED security andall these products that they
have are going to be taxed atwhatever income they're drawing
(14:41):
at.
So what ends up happening?
You have people in retirement,and this is what's happening to
a lot of the elder clients rightnow.
What's happening in retirement?
They're still at a tax bracketof 55 instead of 30 and 35.
So the whole purpose for thiswas to reduce how much money
(15:01):
you're pulling from these taxproducts so that the tax-free
savings would offset, so thatyou don't be hit with all the
taxes.
The whole intention was youshould be drawing from your tax
products 30% and then take theother 20% from your tax-free
savings account, but it wasnever explained because, again,
(15:23):
the bank just took it and wantyou to get your money and you
put it into a daily interestthat's getting 0.0 and that
money is never growing.
And so now people are goinginto retirement either running
out of money or they're nowtaken from products that are all
taxing at 50 and 55 percent,and that's half of the money
(15:43):
that they have built up overretirement.
It's going back to thegovernment, and so these are
things that you know as toreason why he created this
product because I am sure hehimself was realizing that he
had a huge pension and he wasprobably putting into retirement
and he needed to offset.
So he created this to help us,as Canadians, reduce some of our
(16:07):
taxes in retirement.
And he continued to workcontinuously up until 2013 to
bring down the tax, the taxes,and he did.
And then in 2014, in 2014, he Idon't know if it was cancer, but
something was wrong with himand he passed.
But the reason I'm telling youthis story is the fact that, you
(16:29):
know, I was proud of myself,that I did my research and, in
fact, that I picked someone thathad done so much for Canadians.
And I don't even think todaypeople recognize what this man
has done for this country.
In 2014, he died and in 2015,the Liberals took over.
And look where we are today.
(16:51):
What a difference of what thatman brought in stability to this
country and what this youngindividual brought to this
country nothing but distressed.
You know, I truly couldn'tunderstand what he was trying to
do for Canadians.
Or he wanted to do, maybe hewanted to show his, maybe wanted
to be better than his father.
(17:12):
I don't know.
His father was very charismatic.
He people loved his father.
You, you know, but in thissituation it's very a
disappointment.
I think every Canadian today isheartbroken.
I mean, there's a chance nowthat we can rebuild what we have
lost and, as I said before, Ihave hope for Canadians.
I have hope for us, because Ibelieve that Canada is a land of
(17:37):
many, many opportunities andthe beautiful thing about it we
have the resources.
We don't have to go buy theresources as the way that the
government was doing.
We have the resources.
If we vote in the right peopleinto these positions, we can
have a better Canada for thenext generation.
(17:57):
So, you know, I kind of andthis is short and sweet and I
just kind of wanted to talk alittle bit as you know, we are
going to go into an election inthe next few months, I think
maybe by March I'm not too surebetween March to October,
because October would have beenour election.
(18:18):
But take the time, take thistime to get to know who your MP
is, who he is, what he's about.
If you have been living in thedistrict and that person has not
done anything for the communityor you've seen that the
community has been going intothe pits, maybe this is the time
that to start looking to see ifthere's a new person running in
(18:40):
your district or, you know, putsome pressure on these people
to make some changes, becauseI'll tell you, like there's, you
know there's so many thingsnegative that's happening in the
country that that it was such abeautiful place to live in,
like I, I mean it still is.
We just have to get thingsunder control.
And you know, as I said,personally I believe I'm a
(19:04):
conservative.
I'm proud to say it.
Pierre Pallier will have myvote.
You know I think theconservative have been a great
party, not saying that.
That's why you should vote forthem.
But I think you need to takethis time to do your research to
see who's the best candidatefor your district so that for
(19:28):
the next 10 years we can havegrowth in this country.
Then we continue to go becauseour country can't take any more
blows.
We really can't.
This country has to startrebuilding back and I think him
resigning as much as it's notover.
It was a blessing to thecountry and I know we have our
(19:49):
little guy across the border whois just throwing his little
darts at us Canadians right nowand it could be very annoying
and I think we, as Canadian,just need to ignore those
comments, because he does noteven know what he is going to
walk into when he walks intooffice on the 20th and he has
his own stuff to deal with, butright now he has a lot of free
(20:11):
time, so he's throwing darts andhe and unfortunately, um, we
have a weak prime minister thatcan't even defend himself, much
less the people.
So you know, a lot of us feelyou know, I'm very proud to be
Canadian and so a lot of us havebeen feeling just heartbroken.
(20:35):
You know we're sad for thethings that have taken place in
the last 10 years, because it isa beautiful country and it's a
land of many opportunity, if youwant it to be.
So, you know we do have theresources and because we have
the resources, we can build backand we will build back stronger
.
I believe that and I think weas Canadians have to believe
(20:57):
that and we have to cometogether as a community to do
that together.
We can't just do it by one mantrying or we keep on trying to
rip the man at the top who'strying to rebuild the country.
We have to come together.
We were once that kind ofpeople and we have to become
that people again.
But again, as I said, don't justvote for the same party,
(21:20):
because mama and dad did that.
We need to do our researches,research, and I was one of them.
I voted liberal for a long timeuntil that lady said to me do
your research before you votefor this person.
You are now moving to a newcommunity.
See what that person is doingfor your community before you
voted for them.
And that made a change.
(21:40):
Because, you know, as I said, Ivoted for a man who made so
many changes for our countrythat today, as an advisor, I I
help clients with these products, you know.
So he's gone, he's no longerhere, but he's left a legacy
that will be here forgenerations to come.
(22:01):
So that's the kind of countrythat we want to be a part of,
and I'm proud to be a part ofthat.
So in all of that, you know, Ijust want to say thank you for
watching, and there will be alot more shows to come.
Thank you for watching.
Money is for you.
Bye.
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