An American tourist was complimenting a Mexican fisherman for his excellent catch and asked how long it took him to catch them.
“Not very long,” answered the Mexican.
“Why don’t you stay longer and catch more?” asked the American. The …
An American tourist was complimenting a Mexican fisherman for his excellent catch and asked how long it took him to catch them.
“Not very long,” answered the Mexican.
“Why don’t you stay longer and catch more?” asked the American. The …
Why inflation will ruin you financially if you don’t protect your wealth
“Inflation is taxation without legislation.” — Milton Friedman
There is some element of truth to Friedman’s definition of inflation, but what really is inflation?
Inflation is the rate …
This is often misunderstood. To be clear, “tax-deferred” does not mean the same thing as “tax-free.” Tax-deferred is something that must eventually have taxes paid on it. On the other hand, tax-free will not need any tax payments made.
Tax-Deferred…
Taxes are by far the largest cost that most households face, yet most people do nothing to manage their taxes
…“The best things in life are free, but sooner or later the government will find a way to tax them.”
Did you know that you could plan your affairs to save on taxes if you know your marginal tax rate?
In the upcoming Tax-Efficient Wealth Summit that I’m hosting in about a week on Saturday, June 21, 2025, we will …
Did you know that the majority of tax laws are written to motivate certain behaviors?
The government will use tax laws to levy more taxes. But it will also use tax laws as tools to shape the economy by promoting …
As we begin the filing of our personal tax returns in Canada, most taxpayers will be filing their tax returns using a do-it-yourself tax software.
Often, these taxpayers assume that using a do-it-yourself tax filing software means they no longer …
How the right application of these accelerators can accelerate the growth of your wealth
Why are the rich getting richer and everyone else getting poorer? Are the rich smarter than the rest of the world? Are they more talented? What …
On Saturday, June 11th, 2022 we will be hosting the Tax-Efficient Wealth Summit in a live in-person event in Mississauga. We have assembled a great lineup of speakers that will challenge your thinking and show you ways you can build …
If you listen to mainstream media, you will agree that debt is a big topic, particularly household consumer debt. And in many cases, you will find experts hammering on not just consumer debt, but also on all types of debt.…