Minimize taxes with the tax-efficient plan
There is no doubt that taxes will increase in the coming years with the massive money printing going on right now to provide relief for individuals and businesses suffering financially as a result of …
Minimize taxes with the tax-efficient plan
There is no doubt that taxes will increase in the coming years with the massive money printing going on right now to provide relief for individuals and businesses suffering financially as a result of …
Five ideas to consider in building assets that generate monthly cash flows
If we’ve learned anything from this coronavirus pandemic, it is the importance of having strong diversified sources of monthly cash flow. This pandemic proved that many individuals and …
10 considerations for creating a perfect income plan
One of the biggest concerns retirees face is the fear of running out of money during retirement. As you transition into retirement, one big question that is front and centre is “How …
“You don’t buy life insurance because you are going to die, but because those you love are going to live.” — Unknown author
In my new book, Tax-Efficient Wealth, I discuss tax-exempt life insurance as one of the tax-efficient …
“Next to being shot at and missed, nothing is quite as satisfying as an income tax refund.” — F.J. Raymond
When it comes to taxes, the term “income” isn’t quite as straightforward as you might think.
In Canada, there are …
This pandemic has forced a lot of people to make significant financial decisions.
Some have sold assets to generate income to fund basic living expenses.
Some have sold assets to address immediate health issues.
Some have sold assets to pay …
Clarifying the differences between CPP and OAS for Canadians nearing retirement
For many Canadians nearing retirement age and those considering their options for the best time to take retirement benefits, they don’t understand the difference between the CPP and OAS. …
Did you know that you could plan your affairs to save on taxes if you know your marginal tax rate?
On day 3 of the 5 Days to Financial Certainty Challenge I’m hosting this week, we discussed the major obstacles …
This week, I’m presenting a 5-Day FREE training on personal finance. Participants will learn the step by step approach required to live in peace with their money and to achieve financial independence.
As part of the FREE training, I’m …
In Canada and in most developed economies, salaried employees pay the highest tax rate on their income.
Employees can use tax credits and deductions to lower their tax burden. However, there are limits to this for employees compared to the …