Posts Tagged ‘tax on investment income’
Using Your Corporation As Your Retirement Fund
Can you fund your retirement from your corporation? That’s the question I answer in my latest video and podcast episode specifically for business owners. This is part # 2 of the video I did last week, where I go deeper into tax-efficient investment strategies when owning a corporation. It may seem complicated (if you’re talking…
Read MoreWhy Most Financial Plans Fail
Many people who work with us to figure out their retirement plan, have created a financial plan before. You can get a financial plan from a bank, online methods, financial advisors or fee-only financial planners, but often these financial plans fail. They do not give you the life you want. In my latest video and…
Read MoreThe Globe and Mail Article: Does this tax-deductible mortgage strategy still make sense?
Does the Smith Manoeuvre still make sense in our current economic climate? That’s the question The Globe and Mail came to me with in my latest media interview. With the current financial climate being the way it is – higher interest rates and tighter borrowing rules, many wonder if this strategy is still effective. As…
Read MoreFinancial Post Article: This retired woman needs to figure out what to do with potential $50 million in savings
The Financial Post asked me to review the finances of a single, retired 50-year-old woman who doesn’t have children and lives with her aging parents. She wants guidance on how to enjoy a comfortable retirement without risking outliving her money. This is a particular interesting client case story, as she actually has more money than…
Read MoreSelf-Made Dividends – Dividend Investing Perfected
Dividend or income investors, here are the fundamental facts on how to save tax. Would you like to receive dividends of any amount you want from your non-registered investments, and pay less tax than on ordinary dividends? You can easily do this with a little planning and proper understanding of investments. Self-made dividends are a…
Read MoreCash Dam – Best Mortgage Strategy if You Own a Small Business or Rental Property
This article was originally published on November 20, 2017. We have since made updates to it based on relevant, new information. We’ve also added a video and podcast episode that articulates the content in the article. What Is the Cash Dam and How Does It Work? Cash Dam is a simple but powerful concept to…
Read MoreFinancial Post Article: B.C. couple has plenty of money, but even the wealthy need a coherent financial plan
A financial plan is really a life plan to think through what you want to do with your money and life. This is why the wealthy need a Financial Plan, just like everyone else. What lifestyle do they want to live and what do they want to do with their money? How comfortable of a…
Read MoreInvestment Risk That Affects Your Life vs Investment Industry Risk
Did you know that how you define risk can actually make or break your retirement? This video and podcast episode offers you a direct head-to-head comparison of two different outlooks on the world and on investment risk. Defining risk is critical to decide the best investment strategy for you. People with the right outlook on…
Read MoreBest Ways to Get a Bigger Tax Refund
I was recently interviewed by Isabelle Docto from Daily Hive on the “Best Ways to Get a Bigger Tax Refund”. She asked two really interesting questions that didn’t make it into the interview, so I thought I’d answer them in this video and podcast. The questions are: Please check out the original article here: https://dailyhive.com/canada/best-ways-bigger-tax-return…
Read MoreFinancially Smart Divorce
Divorce is never financially smart! As a financial planner, I don’t recommend divorce. It’s bad for your finances! However, you can go through it in the most financially smart way – to leave both of you in the best possible position. We have seen quite a few people go through divorce. We’ve seen some total…
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