As you may already know, tax planning is all about minimizing or eliminating taxes. Effective tax planning requires time to implement. The earlier you start planning, the more tax-efficient you’ll

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

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

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

Did you know that you could plan your affairs to save on taxes if you know your marginal tax rate? The Canadian tax system is based on marginal tax rates.

A few years ago, I did an exercise that completely changed how I see money. I pulled my tax data for the last decade and summarized three numbers from each

A few years ago, I had the opportunity to interview two Canadians that achieved financial independence in their 30’s. I was curious to hear from them directly and to get

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