Posts Tagged ‘tax on investment income’
How to Successfully Implement the Smith Manoeuvre (Podcast with Ed Rempel)
You know the basics about the Smith Manoeuvre. It’s a big decision. Here is a discussion of the big issues. Listen to my new podcast with Sean Cooper from BurnYourMortgage.ca . Here is the link: How to Successfully Implement the Smith Manoeuvre with Ed Rempel We discuss: • Why should you consider the Smith Manoeuvre?•…
Read MoreHow to Donate Effectively
You may be thinking – what difference can I make in the world? As a financial planner I talk a lot about money, however, it’s not really about the money itself, but what it does for your life – how to live well, retire comfortably, and give back. In my latest video and podcast episode,…
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…
Read MoreYour Corporation – What You Need To Know (If You Don’t Understand Your Accountant)
Do you own a business? If yes, then you’ll love my latest video and podcast episode. I cover the few things that you really need to know about corporations. You’ll learn: I hope you enjoy it! Ed
Read MoreFinancial Pipeline Article: Common and Uncommon Tax Deductions
It is tax time. The Financial Pipeline interviewed me with other financial experts on the best common and uncommon tax deductions, so you can get the best refund possible. In the article you’ll learn about many of the most effective deductions you can claim, so after you file your taxes you’ll feel confident that you…
Read MoreUsing 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…
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