CFRN - Sunday, May 26, 2024 - 09:00 a.m. (ET) - Segment #3

On the other side, there's also the type of people who have enough capital, who are in that position where they're transitioning their wealth from one generation to the next, who have excess funds. So if you are in the camp where you are stretching to make your money, then there's a few different impacts. So, number one, when it comes to housing, you have to look and see, are you carrying your own mortgage? And, at the same time, are you helping to carry your child's mortgage at the same time? So are you getting into a position where you have double mortgages? And if that's the case, are you prepared for the impact if they can't pay that payment? Because you are now jointly responsible if you are-- if you have signed on that mortgage. Also, taking a look at paying taxes on things like RESPs or Registered Education Savings Plans. So an RESP is meant for your child's education. You contribute to the plan. It grows tax deferred when the children take it out. It's taxed on their marginal tax rate, which presumably is low because they're children. If they don't go to school, you can either transfer into your RSP, but if you don't have room, you need to take that into income and then potentially pay tax on any of the growth, from what the contributions were to where it is now, and you have to pay back all the grant room. And then, finally, when you take a look at debt, you know, are you helping your children with debt? Is it credit-card debt? Is it debt that is good debt, which essentially means it's either a house or something that's appreciating in capital. It's investment, it's growing a business, or is it credit cards? Is it that high consumer debt that is not growing? So, you know, it's about what is the impact that it has on you? And sometimes I find that people don't look at what the number looks like in the future, because when you give your money to help, what that means is that you're then giving up that appreciation room, that room for growth in the money. >> Right. >> Because once it's transferred, it no longer has time to grow and compound. So you are not just giving up the capital now, but you're giving any future appreciation of capital as well. So you need to be able to afford that. >> Yeah, these are conversations that are important to have and important to have early because of that. Robyn, thanks so much for coming in. >> You're so welcome. It's great to see you, as always. Oh Canada!! their time has come Argentina have done it! One more Messi moment! Beyond glorious! Messi magic once again This is it...the stage is set That's what they came for!! And it is spectacular!! ( ) ( ) Stop dreaming. Start shopping. Red Tag Days are on at Toyota, with great offers on select models. Find yours today, at ShopToyota.ca phone plans with lots of data, Virgin Plus is the obvious choice. So, is it necessary to use the selling power of adorably fluffy kittens? Is getting discounts on food, fashion and entertainment more enticing when they're in tiny costumes? Or is it cuter from them? (Cat meowing) Do we need all this to convince you? ( ) We don't. Because when you're choosing an affordable phone plan, the obvious choice is Virgin Plus. Obviously. Soil is where it all begins, find out where it goes from there with Fields to Forks The stories straight from our community. The farmers, the manufacturers & the distributers who love what they do, and do it right here. Fields to Forks, the process the people, the passion. Learn more at fieldstoforks.ca A wolf in the wild... and your dog both share a hunger for meat. That's why BLUE Wilderness is made with more of the meat your dog loves... Go wild with protein-rich BLUE Wilderness. FURNACES, AIR CONDITIONERS AND MORE WITH DECADES OF EXPERIENCE, YOU CAN TRUST THE PROS AT LEGACY HEATING AND COOLING TO GET IT RIGHT. AND WITH OUR FLEXIBLE FINANCING OPTIONS YOU DONT HAVE TO WAIT TO GIVE YOUR FAMILY THE COMFORT THEY DESERVE BOOK YOUR FREE QUOTE AT LEGACYHEATING.CA Welcome to the RoyalCanadian Circus.( ) ( ) ( ) Go to royalcanadiancircus.ca. (Dramatic music) So you ready to go? Go until you can't go anymore. Lets go. Let's play hockey. Set the tone! We'll give 'em the lumber. You hurt? No excuses. They look ready to me. Bulldog hockey, baby. (Cheering) Light 'em up, light 'em up Light 'em up, light 'em up, light 'em up WOMAN: Name two continents.

MAN: Mustard and relish. Oh my God. (Dynamic instrumental music) >> Welcome back to the weekend edition of Your Morning. Here's what we have coming up for you this half hour. >> It's a tail-wagging good time! We're taking a look back at Lindsey's conversation with the stars of Dog Man, the hilarious kids' show playing right now in Toronto. >> Plus, are remote cashiers on the menu for the future of fast-food service and retail? Retail expert Doug Stephens gives us his take. >> But, first, more on a new desperately needed field hospital being built in Rafah. The International Red Cross and its partners are opening a new field hospital in southern Gaza to help with the desperate demand for health services, since Israel stepped up its incursion into Rafah last week. So this hew hospital hopes to be able to treat 200 people a day. The International Committee of the Red Cross will handle getting medical equipment to the site, while 11 nations, including Canada, by the way, will provide staff and equipment. For more on this, we are joined by Kelsey Lemon, vice president of International Cooperation and Programs at the Canadian Red Cross. Welcome to the show today. >> Thanks, Lindsey. >> What is the situation like on the ground in Rafah for people who urgently need healthcare? >> Well, health needs in Gaza are absolutely enormous. The health system has been all but devastated in this crisis. Hospitals no longer working, of course, having shortages of supplies. So I think it's fair to characterize this particular crisis as a health crisis now. People's basic health needs are simply not being met and those that are injured or have health issues to manage are not able to receive the treatment that they need. There's simply not enough facilities, and there's not enough access ability to move around and access those facilities that do exist. >> Lindsey: Tell me about this field hospital then. What resources does this new hospital have? >> Kelsey: So this hospital has 60 inpatient beds, so those who need to stay in the hospital. And as you said, can see up to 200 patients a day. It has full surgical capacity, so they can do seven major surgeries a day, around 15 minor surgeries. As I understand, they've already been quite busy delivering babies, complex cases with mothers arriving at the hospital having survived seven months of crisis and trauma while being pregnant. Very complex cases, but so far we've had five healthy babies delivered, which is a huge success, a big win, and truly is life-saving humanitarian work, very much thanks to the support of Canadians and Canadian contributions. >> I want to ask you about that. What role is Canada playing in this? >> The Canadian Red Cross works closely with the Government of Canada, and we maintain a number of health supplies and stocks, including emergency field hospital that can be deployed to these high risk and complicated contexts. So we maintain this equipment together, and for this particular hospital, the Canadian Red Cross and the Government of Canada provided the surgical capacity, the operating room where these surgeries are happening. We also provided the lab so the hospital can do all the basic diagnostics that hospitals need to do to ensure patient care. We provided some of the beds, the actual physical beds, some of the medical supplies, and of course personnel to support the operation of the hospital and funding as needed for it to operate. >> Important work. Now, according to Human Rights Watch, more than 258 workers have been killed in Gaza to date. You've emphasized the need for a guaranteed right to safety for humanitarian workers. Why is that so important? >> Well, this has been a real problem for humanitarian work in Gaza and of course, this poses threats to civilians as well. I mean, it's absolutely urgent to be protecting aid workers from harm at all costs, and civilians. The Red Cross and Red Crescent Movement has already suffered loss of many of our humanitarian workers, as have many other organizations, and it simply makes our work more difficult, more dangerous and so much harder to do. Where we go to offer services, people tend to gather, and so of course, it makes the whole humanitarian operation even more risky. If we can't guarantee the safety of our operations, because that's where civilians will go to receive those services that they desperately need, those lifesaving services. The dignified delivery of humanitarian aid, the safe passage of aid, and the protection of civilians and aid workers is absolutely critical. >> Paramount. Alright, Kelsey Lemon, thanks for your time today. Appreciate it. >> Lindsey: Coming up, sitting down with Carley Fortune to talk about the beach read of the summer. uplifting uplifting

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