TFSA or RRSP?
Top 15 Hacks for Your First Home Savings Account (FHSA) aka The “Renter’s RRSP”
There is a brand new type of account in Canada coming out in April 2023. It’s called Your First Home Savings Account (FHSA) aka The “Renter’s RRSP”. You may know about RRSPs & TFSAs, well this is the third one, and it’s worth knowing because for many people, this is going to be the best…
Read MoreHow to Live Off Your Investments and How Much Do You Need? (Build Wealth Canada Podcast)
I was recently interviewed by Kornel Szrejber on Build Wealth Canada, the podcast that educates Canadians on investing, debt-free living, and how to earn a passive income. In our interview we discuss: I hope you enjoy it! Ed
Read MoreLive Q&A from Canadian Financial Summit 2022
In November 2022 I was a speaker at the Canadian Financial Summit. It is Canada’s #1 online financial summit. Kornel Szrejber who runs the event & the Build Wealth Canada podcast, did a Live Q&A with me for exclusive access pass holders. He gave me a link to this private event, so I could share…
Read MoreHow to Design Your Retirement Income: An Overview
With so much advice on retirement, sometimes it’s hard to know what to do. How do you put all the details together to get the retirement income you want with the minimum lifetime tax? Quite a few people asked me questions about retirement income in response to my last video. In my latest video, you’re…
Read MoreHow to Easily Outperform Investment Advisors & Robo-Advisors
Understand how long-term thinking, having a Financial Plan, and unconventional wisdom can help you EASILY outperform both investment advisors and robo-advisors. Fun podcast with Chrissy & Money Mechanic of Expore FI Canada: On this episode, financial planner Ed Rempel tells us how to easily outperform investment and robo advisors. (Hint: it’s simpler and easier than you think—no…
Read MoreCreating the GPS to Financial Freedom (Video from “4 Pillars of Entrepreneurship Summit”)
Excellent video that summarizes our practice. It’s worth your time to understand: The profound change in your life a Financial Plan can give you. How Unconventional Wisdom creates very different and far more effective advice for you. I was recently interviewed for the 4 Pillars of Entrepreneurship Summit, an online summit of entrepreneurs talking about…
Read MoreNew Tax on Parents and 8 Ways You Can Benefit (as seen in Canadian MoneySaver)
Are you a parent? Is the income of your family between $30,000 and $119,000 per year? If so, congratulations! You are now paying the new “tax on parents”. Total tax rates on parents can get very high, with marginal tax rates as high as 63%! The new tax on parents is a game-changer! It can…
Read MoreThe 6 Best Strategies to Minimize Tax on Your Retirement Income (Video of MoneyShow talk)
I am pleased to announce that the MoneyShow has posted the video of my talk. Many people have asked me where they can see it again. These are not just tax tips. These are the 6 big strategies to save you thousands in tax throughout your retirement. This talk was based on an article, which…
Read More“Fake Financial Plans” Podcast on the Alain Guillot Show
Fun podcast and enlightening questions on the Alain Guillot Show. Topics: How to recognize a “Fake Financial Plan”. If you are a new immigrant to Canada or a Millennial, where do you start to get finances on track? How tax planning tells you whether to invest in a TFSA or RRSP. Why a financial plan…
Read MoreThe 6 Best Strategies to Minimize Tax on Your Retirement Income (as seen in Canadian MoneySaver)
You will have a lot more tax saving opportunities after you retire than before. If you get a salary, you may have limited tax deductions or tax saving strategies. When you retire, it is completely different. You can essentially determine the amount of income you will be taxed on once you retire. You can decide:…
Read More