37. Estate Planning for Families With Special Needs Children With Fred Ryall



Having a special needs family member carries unique, emotional, and financial concerns.

That’s why it’s important to work with a professional who understands exactly what you are facing.

In this episode, Kris Dureau welcomes Fred Ryall, an estate practitioner with more than 40 years of experience. For the last 15 years, Fred has worked with special needs children and adults to help them with their unique planning needs. In fact, he received the Queen Elizabeth the Second Diamond Jubilee Award from the Governor-General of Canada for his efforts.

Fred joins the show to share his insight about estate planning for families with special needs members. He explains the areas of the planning process that need to be considered and reveals why documenting details about a disabled child is so important.

Fred discusses:

  • The unique challenges families with special needs children face
  • What a Henson trust is and how it benefits those with special needs 
  • Easy ways to document and organize your child’s details 
  • Five key areas of the planning process he covers with the families he works with
  • And more!

Connect with Fred Ryall:

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About our Guest:

For over 35 years, Fred has been providing financial and estate planning advice for self-employed business owners, designated professionals, executives, and families to ensure social and family legacies.

Some of his recent professional accomplishments include receiving the Queen Elizabeth II Diamond Jubilee Award from the Governor-General of Canada for his planning with families who have special needs children. In 2007, he also received the Julia Award from Cystic Fibrosis Canada.

Fred has had the privilege to speak to several other special needs organizations including, Cystic Fibrosis Canada, Canadian Down Syndrome Society, ALS Canada, Autism Ontario, Multiple Sclerosis Society of Canada, 18th Chromosome Deficiency, Alzheimer Society Canada, and the Peel Public School Board’s Special Needs Programs.


36. The Real Reason Behind the Canadian Powersports Industry’s Growth with Jean-Luc Lemire



Over the last 18 months, the Canadian powersports arena has seen a huge increase in sales. 

Find out why in this week’s episode of The Ride: Life, Work and Wealth, as Jean-Luc Lemire, the owner of Energy Powersport in Oakville, Ontario, reveals the main reason for massive growth around motorsport vehicles like motorcycles, ATVs, and snowmobiles.

Plus, tune in as Jean-Luc discusses how the pandemic affected his business and the industry as a whole.

Jean-Luc discusses:

  • Ways the pandemic has increased powersport vehicle sales 
  • Introducing powersports to new customers and ways existing customers benefit from the industry growth 
  • Recent changes in prices and availability
  • And more!

Connect with Jean-Luc Lemire:

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About our Guest:

Jean-Luc Lemire is a bilingual senior management executive leader with more than 25 years of experience in the automotive sector for both the retail & corporate space. He has transformed operations through effective hiring, mentoring, and coaching, establishing a performance improvement culture and key metrics that include implementing procedures leading to significant improvements in top and bottom-line performance.


35. Planning for Your Children’s Post-Secondary Education? Don’t Wait to Start Saving



We all know that time flies, especially when your kids are growing up.

That’s why looking at college costs, which can be significant, is better done sooner rather than later.

In this episode, Kris Dureau discusses everything around the Registered Education Savings Plan (RESP) and ways parents can use them to save for their child’s post-secondary education. Kris examines the basics of the plan, the tax savings, and even the options for parents who open an RESP account but their child decides not to attend school.

Kris discusses:

  • Types of RESP accounts
  • The tax benefits that come from having an RESP
  • Reasons why you must pay attention to RESP-related risks
  • Three options for parents who opened an RESP account but their child decides not to attend school
  • And more!

Connect with Kris Dureau


34. Parents As Roommates? 5 Things To Consider Before They Move In With You



Are you thinking about inviting your aging parents to move in, but you’re not sure if it’s the right decision?

In this episode, Kris Dureau shares five things to consider before your parents become your roommates. He points out factors that, all too often, adult children aren’t aware of before making this big decision. The best part is that this advice applies to a variety of health situations and family types.

Kris discusses:

  • The first thing to consider before inviting your parents to move in
  • Why and how to incorporate health and money into the planning process 
  • Pros and cons of having parents live with you (and other options)
  • The benefits of having a family meeting before making this decision
  • And more!

Resources:

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33. What You Need To Know About Travelling During The Pandemic With Holly McBean



As vaccines continue to roll out and select countries open up to travellers, there’s a lot to know about travelling during the pandemic.

In this episode, Kris Dureau sits down with TravelOnly’s Holly McBean to explore what today’s new norm of travelling looks like. 

With 40 years of experience in the travel industry, Holly is here to share everything you need to know about travelling during the COVID-19 pandemic, from what to expect and key considerations to keep in mind before hitting the road. Tune in as we provide you with the clarity you need for your next adventure! 

Holly discusses:

  • What to expect when flying and taking cruises
  • The role of vaccines when travelling and the potential of being barred from entering certain countries based on your vaccination status
  • What you should know about travel vouchers
  • What to do if you’re planning to cancel travel plans
  • What travelling in Canada is like 
  • And more!

Resources:

Connect with Holly McBean

Connect With Kris Dureau

About our Guest:

With over 40 years of experience, Holly McBean will be happy to assist you with your travel plans. With extensive knowledge of the destinations and many suppliers to work with, she can customize your vacation to reflect your needs. She is a CTC-Certified Travel Counsellor and ACC- Accredited Cruise Counsellor with numerous awards and recognitions servicing Lambton County and the area through the database in North America. We specialize in groups, destination weddings, luxury vacations, and cruises. Single, family, multi-generational family travel, or more, we can assist you in designing your dream vacation. As a proud member of TravelOnly with over 45 years in business, we are appointed by IATA. TICO, ACTA, CLIA to serve your better.


32. When Should You Take Your CPP Payment? With Gary Armstrong, CPA, CGA



“When should I start taking my Canadian Pension Plan (CPP) payment?”

This is one of the most common questions Kris Dureau’s clients ask him as they start navigating the path of retirement income withdrawal.

This week, Kris tackles this question to provide you with some clarity. 

He sits down with chartered professional accountant Gary Armstrong of Green Private Wealth Counsel – Harbourfront Wealth Management to explore the world of CPP and to give listeners a better understanding of how and when to approach their CPP payments.

Gary discusses:

  • The right time to approach CPP-related cash
  • CPP tax consequences
  • Which age demographics should consider taking their CPP 
  • Mistakes people make when withdrawing their CPP early
  • And more!

Connect with Gary Armstrong:

Connect with Kris Dureau

About our Guest:

Gary Armstrong is a Chartered Professional Accountant and Certified General Accountant (CPA, CGA) with a specialization in taxation through the In-Depth Tax Course offered by CPA Canada.  Before joining Green Private Wealth Counsel, Gary worked for almost ten years at a local accounting firm that focused on personal and corporate tax services for individuals and businesses of all sizes. Before that, Gary worked in 2 different large international accounting firms providing general accounting and US personal tax services.


31. 5 Tips to Help Your Elderly Parents With Money



As a family caregiver, knowing when and how to help your parents with their money is not an easy feat. 

Kris Dureau understands the transition is often awkward to navigate. That’s why he’s providing the guidance you need in this episode of The Ride: Life, Work, and Wealth.

This week, Kris reveals five must-know tips to help you lead your parents with their money. He highlights that not every parent requires immediate financial assistance and explains why it’s better to work with them according to their own time and pace.

Kris discusses:

  • Signs that indicate it’s time to help your parents with their money
  • Ways caregivers can ensure they have access to the documents they need to assist their parents
  • Reasons why you should be aware of your family finances
  • The importance of constantly updating the family will 
  • And more!

Connect with Kris Dureau:


30. Home Security Systems To Enhance Home Safety With Ron Couper



Many of us have spent more time than ever at home over the last year. That’s why, for many, feeling safe and secure at home has become a top priority.

This week, Ron Couper of Capital Security Group joins Kris Dureau to discuss everything you need to know about home security systems and door cameras. Plus, Ron reveals tips and tricks to help you take care of things at home before you plan to go away for your next getaway.

Ron discusses:

  • His background and its close connection to Capital Security Group’s personalized customer service approach 
  • How home security systems have changed over time
  • Doorbell cameras and their significant features
  • Reasons you should be wary of Wi-Fi cameras and systems
  • Ways to increase home security 
  • And more!

Connect with Rob Couper:

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About Our Guest:

Capital Security Group’s Ron Couper has been in the home and business security industry for 21 years.  Ron began his career within the ADT dealer program in 2000. Since then, he has worked with the biggest names in the industry, such as  Reliance Protectron and Counterforce/Chubb Edwards.


29. Top 10 Frequently Asked Financial Questions



If you have a personal finance question on your mind, chances are, you’re not alone.

In this episode, discover the 10 most frequently asked finance questions financial advisors like Kris Dureau receive from clients.

From questions about the financial markets to  queries about retirement, investing, and insurance, Kris breaks down these questions and shares his valuable insight and easy-to-follow answers for each.   

Kris discusses:

  • The difference between RRSP and TFSA accounts
  • Must-know considerations around investment fee deductions 
  • Why you shouldn’t name underage children as secondary beneficiaries
  • Why bond prices and interest rates tend to go in opposite directions
  • How to determine the right time to retire 
  • And more!

Resources:

Connect with Kris Dureau


28. 8 Ways You Can Earn Your Financial Self-Defence Black Belt



Kris Dureau has practiced martial arts since he was 12 years old.

This hobby taught him that self-defence is all about situational awareness, so that he can identify and avoid bad situations.

In this episode, Kris Dureau highlights how martial arts principles can apply to eight key areas of your financial life. By practicing these principles, you, too, can learn to protect yourself and gain situational awareness around your money.

Kris discusses:

  • Why you should review your insurance policies regularly 
  • How knowing your household cash flow can protect your finances 
  • The idea of paying yourself first
  • Benefits of debt inventory and planning 
  • The importance of portfolio protection for soon-to-be retirees 
  • Reasons to get power of attorney documents ASAP
  • And more

Resources:

Connect With Kris Dureau