Episode 109: How To Supercharge your RRSP: A Tax Guide for Canadian Entrepreneurs

Listen here on our website:

Or jump to this episode on your favourite platform:

Are you maximizing the use of your RRSP contributions, or could you be missing out on tax savings and wealth-building opportunities?

In this episode, Kyle Pearce and Jon Orr dive into innovative strategies for making the most of your RRSP. Many Canadians contribute to their RRSPs but miss out on advanced techniques to save even more on taxes and grow their investments faster. Whether you’re a high-income earner, a solopreneur, or a professional with variable income, this episode explores how you can supercharge your RRSP in a tax-efficient way.

With insights for those comfortable with debt and leverage, as well as for more conservative planners, this episode will guide you through building a safe, flexible wealth strategy that aligns with your unique financial picture.

• Learn how to leverage your RRSP for maximum tax efficiency and long-term growth.
• Discover innovative funding strategies that utilize home equity or permanent insurance without compromising safety.
• Get step-by-step guidance on tailoring RRSP strategies for various income levels and financial goals.

Listen now to gain insights on creating a tax-efficient, wealth-building RRSP plan tailored to your needs!

Watch Now!

Resources:

• Dig into our Ultimate Investment Book List
• Book a Discovery Call with Kyle to review your corporate (or personal) wealth strategy to help you overcome your current struggle and take the next step in your Canadian Wealth Building Journey!
• Follow/Connect with us on social media for daily posts and conversations about business, finance, and investment on LinkedIn, Instagram, Facebook [Kyle’s Profile, Our Business Page], TikTok and TwitterX.  
• Looking for a new mortgage, renewal, refinance, or HELOC? Reach out to Jon to share some options.

Calling All Canadian Incorporated Business Owners & Investors:

Consider reaching out to Kyle if you’ve been…

• …taking a salary with a goal of stuffing RRSPs;
• …investing inside your corporation without a passive income tax minimization strategy;
• …letting a large sum of liquid assets sit in low interest earning savings accounts;
• …investing corporate dollars into GICs, dividend stocks/funds, or other investments attracting cordporate passive income taxes at greater than 50%; or,
• …wondering whether your current corporate wealth management strategy is optimal for your specific situation.

Are you working toward retirement or aiming to retire early with a solid pension plan or RRSP strategy? In this episode, we break down how to achieve financial independence and financial freedom, whether you’re following the FIRE movement or exploring Canadian investing options like infinite banking or participating whole life insurance. We’ll discuss how to bank on yourself using permanent or universal life insurance while minimizing income taxes and planning your estate. Whether you’re a fan of Dave Ramsey or prefer a customized approach, this episode will help you build a smart, tax-efficient wealth plan!

Transcript:

Jon Orr: Okay, Kyle, let’s get into this. And this is a situation, you were just speaking with a client and you were helping them through, you what you do on a regular basis is, you you help folks, you know, look at their scenarios and develop strategies, plans for the future, for retirement, for wealth creation.

And this one, this one, think, you know, hits home for a lot of folks, especially to say high income T4 earners and thinking about like, what am I doing? Like, what is my actual strategy for RSP contribution? And is there a better way? And so let’s get into it. Let’s talk about supercharging your RSP and kind of the ultimate plan for RSP contribution. Hit us, give us a scenario.

Kyle Pearce: Yeah, absolutely. So first and foremost, think a lot of us, those who are earning under, $100,000 per year in income as a T4 employee, the RSP can be helpful as a place for them to put money in a tax-efficient way. So they do get some tax back. But really, what you’re after in those sort of zones is for that money to be growing in a tax-free manner, meaning I can buy and sell assets inside of there.

and it’s going to be tax free for some. And what we focus on on this show quite a bit is all about tax efficiency. We’re always talking about trying to think and pay attention to these different buckets that are available to us. The RSP being one of them. And for certain individuals, the RSP is like a no brainer and actually, you know, is really almost limiting. Cause in this case, we have a client who’s earning over 350 in T four income in this current year. And

they are planning to do the same thing over the next couple of years, except there’s a nuance for this individual where, you know, he’s sort of in a guessing game as to what he’s going to have to pay because a lot of his income is through overtime type earnings. So he knows what will get flat. His pay removes a certain amount of tax based on that flat amount, which is much, much lower. But then he’s working all of these additional hours in order to create quite a big income. And the problem is,

with that high income comes a high tax bill at about 350. He can anticipate to pay over $110,000 in taxes based on where they are. They aren’t here in Ontario. They’re in another province, but that’s still a significant amount of money. And therefore finding ways for us to really maximize the use of the RSP in that particular scenario is really important. Not just because

there’s this tax efficiency on the growth of the money, but because it’s actually going to put a ton of those tax dollars either back into his pocket or in his case, it’ll actually he’ll not have to actually pull out of his pocket in order to make those payments.

Jon Orr: Mm hmm. Yeah, yeah, you got it. And I think this strategy is, let’s say, you you gave the case where because he’s working, say, overtime and say, non-traditional, say, hours, and almost like bonuses are included in there. Like, this strategy is great for him, but it’s also could be great for any, like, let’s say you’re a solopreneur, you know, like, let’s say you’re, you

you know, working in your business, but you’re not incorporated. and you’re looking to kind of like pad, say your RSP, but you’re not sure exactly how much you’re putting in each year, you know, or at the end of the year or throughout the year, like you don’t have, let’s say a set schedule. And if you did have a set schedule, you know, all of a sudden you get to the end of the year and you’re like, crap. Like I can, I can top this up. Like how much, like, what should I be doing here to top top this up? So.

Let’s get into the, you know, I guess before we get into the actual say structure and the strategy that a person might want to say, consider implementing. Traditionally, I think is what’s happening at say at the end of the year or throughout the year is people are say, stuffing money in their RSPs and they’re say putting them in different assets. So maybe they’re, you know, they’re on index funds or they’re buying equities like they’re all of a sudden, you know, they’re putting money over here.

and that’s they’re pushing that tax burden into the future. And then, you you get that tax rebate at the end of the year. it’s like, all of a sudden you reduced your your income, your taxable income by contributing to your RSPs. Maybe you’re maxing that out. Maybe you’re not. Maybe you’re just putting in what you can afford at this particular time. And then all of sudden you get that rebate, that rebate comes out and it’s like, some people spend that money or some people say, you know, bring that back now.

I think some people, if they get a little bit more nuanced, you know, this is where the same leverage might come into play, right? Like you’re going, okay, I want to maximize my RSP contribution. Therefore, maybe I borrow against my home equity line of credit to maximize my RSP contribution by the end of the year. And then when I get that, that say tax refund, I dump that back to the home equity line of credit. And I’ve created a little bit of arbitrage here to kind of make sure that I’m

building, say, paying myself for the future with capital I have available now and then paying that off. And it’s kind of like you’re low. It’s not of say going to a bank, which you could also do it right. Like you can go get a loan and get you know, top up your RSP. You’re using say your existing capital access to pay yourself for the future. So that’s

That’s kind of little bit more, you know, nuanced. think a lot of people are, say, making use of that particular structure, especially if they’re like, I’m OK with managing my debt. I’m OK with using my equity to buy assets. That might be where you’re at. But that’s not the exact strategy we’re talking about here. Like, we’ve got a little bit more nuance, a little bit more supercharging here. Let’s get into it. Walk us through this.

Kyle Pearce: Yeah, like one of the most I think common ways is people take money right out of their checking account and they fund it right in those who are on YouTube. They can see a bit of a diagram here. You’ll see my artistic skills are not all that great, but hopefully it helps. And you know they can take it right out of their account in this particular individual. That’s what they’re doing right now. They actually are saving money in a side account and letting that money sort of wait for the end of the year because he knows this big tax bill is coming now.

what I’ve encouraged him to do at minimum is to take as much of that money as he can fit into his RSP and get it in there. Now, worth noting is that really all you can fund in an RSP is 18 % of your previous year’s income up to a maximum of just north of $30,000. That’s not a whole lot for this individual, but because this person wasn’t taking advantage of their RSP room in the past,

this individual actually has about $140,000 of room right now. So that’s actually a good thing for this tax year. And there might be some nuance. We’re not gonna go into the weeds here as to whether he should use it all this year or maybe a little bit next year. It depends on your province and the actual tax brackets. So if you can get all the way down one bracket, you might wanna stop there and then save for the next year to get that. But in a lot of cases, it’s so close that you probably wanna get it all in there as soon as you possibly can.

So that’s his plan. Now, John, you had mentioned others have leaned on like I’m going to say more like our Smith maneuverers out there have probably thought about this as a good strategy to say, well, listen, if I take money and in his case, like, let’s say he’s got $100,000 a room, doesn’t matter if it’s 30,000 a room for you or any number and you were to leverage it out and put it in the R.S.P. because you’re in a high tax bracket.

Right? If you’re in a really low tax bracket, this might not be as lucrative. You’re still going to save some tax now, but now you’ve got this home equity line of credit to repay when you’re in a really high tax bracket like this individual is he’s expecting that every dollar he puts into this RSP is probably going to get around 50 cents back. So basically if he was to take a hundred thousand against a line of credit,

he could fund the full hundred thousand into the RSP. So we’re going to use that as the example here just to keep numbers, you know, nice and easy. He can do more. And I’d probably recommend for this individual that would make sense. And he’s going to get a refund of about $50,000 coming back. So what does this mean for us? Well, let’s think about this. I’ve borrowed a hundred thousand against my line of credit. And if you

borrowed it at right at the end of the year by the way you can fund your RRSP up to sixty days after the end of a tax year so typically that’s gonna land you somewhere at the end of February or very beginning of March depending on the leap years and all that wonderful stuff so let’s say end of February you have if you do that at the end of February you’ve got a couple month window there by the time taxes are due.

And by the time you get your refund after your taxes are processed for this refund to come back. And when you do get that refund back, if he’s borrowing against a home equity line of credit, he’s now only owing around $50,000. But yet, he has a $100,000 investment inside the RRSP. So that probably, for most people, feels like, well, that feels like a pretty good idea. Like, before I did this,

was going to take money and I was going to gift it to the government. like net worth goes down. What we’ve done here and in his case, he’s got money in a side account. So he doesn’t have to lean on a home equity line of credit in his case. But I want to make this valuable for everyone who maybe doesn’t have that scenario or their t4 job is taking the right amount of tax off every single paycheck. So you’ve already paid the money to the government. The government’s holding your money until you make a move.

to try to get some of it back through funding this RRSP. That would be one of the cases, right? So for him, he’s going, okay, before doing this, I was losing money to tax. And in this particular case, he’d be losing about say $50,000. Now he’s taken 100,000 to put in his RRSP. He gets 50,000 of it back. And now he owes 50,000 on his line of credit.

So ultimately at the end of the day, he’s now net ahead by $50,000. Now the nuance here is yes, there is interest on a home equity line of credit. And for our Smith maneuver friends, I cannot write that interest off because we are funding and borrowing to fund a registered account. So there is no write off arbitrage here, but what you are getting is tax money back. Makes a ton of sense. If I’m at a really low tax bracket or a relatively low tax bracket,

this might not be as lucrative, but still worth exploring because you’re still getting tax money back. You now have money that’s now we’ll call it trapped in the RRSP, but you are net ahead versus say paying the government money. So that part I think makes a ton of sense for most people who are hanging out with us. Now we wanna take it a step further and I don’t know about you, there are some people listening that.

like the idea of borrowing against a home equity line of credit. But there are other people that we know we’ve met with many people over 1,000 different meetings over these past couple of years where people are telling us like, they’re OK with the idea of leverage, but they’re not as comfortable leveraging against their home. And I can relate to that. Like, I had a really hard time with that. Like, emotionally, that’s a hard thing for people to do is.

to know that you are taking equity from your home. Now, again, it’s equity, it’s invisible. You’re not physically losing the value of your home, but you are taking that money in order to put it over here. And there is this risk, this concern, this emotion that you’re gonna feel, even though you’re seeing your net worth go up, you still are maybe a little bit anxious with the idea of having a loan out against your home.

Jon Orr: Yeah. And it’s also, it’s not, it’s not, like you said, it’s not invisible either because what you have also is a cashflow kind of adjustment to make. if, let’s say you take a hundred thousand dollars out and you get your $50,000 back, you, like you said, you owe 50,000. Now you got to be responsible for making sure that the interest is paid on the $50,000. So it’s not, I can see why it’s hard to go like I’m loaning against this.

personal, like my home, but then also it’s like a reminder. Like even if you’re okay with the interest, because you, you you’re, you’re used to paying interest in, say, maybe some of your other investments, but, on your personal home, the interest is like that constant reminder that you’re like, yeah, that’s on my home. And that’s, that’s emotionally hard to kind of think about. So you do have to kind of wrap your mind around being like, I’m here, like I’m making this decision for these logical reasons. and we had another episode, I think episode 103 about like thinking about debt.

and thinking about motion versus logic. So head on over there and listen to us talk about that because it’s a huge barrier for say building wealth is getting around the use of debt and the use of debt in good areas.

Kyle Pearce: Yeah, for sure. So I want to kind of build off of that idea and state that. And notice, too, on these episodes, no idea is perfect for every person, right? These are ideas. They’re perspectives. And they’re for you to think about so that you can analyze, just like risk tolerance, right? Like, we can’t tell you that, hey, we like real estate, so everyone should do real estate. There’s a lot of parts of real estate that are really crap. So you might like it, or you might hate it.

The goal is, is knowing what’s available to you and trying to figure out what works best for you. And one strategy that we’re working on with this particular individual, because they were also intrigued and interested in the idea of some of the permanent insurance strategies that we’ve talked about in the past. We’ve talked about using a emergency fund, like considering a policy and emergency fund instead of, let’s say, letting money sit in account. For this individual who has this money sitting in their account waiting to pay tax,

We’ve now got them thinking about waiting to pay into the RRSP. And we’ve actually added this nuance to it said, you know what? Instead of this person letting that money sit in the account, or for those who are maybe not into the home equity line of credit idea, or those people are like, could I get a home equity line of credit, like the same idea, but actually have another asset sort of growing at the same time?

That’s where the permanent insurance strategy could fit for some people. It might not be perfect for everyone, but what I want to share is sort of a slight nuance here. Now, we’re not going to get particular about the numbers here, and we’re not going to tell you that these numbers are the right fit. Like I’m going to use a one-to-one as we fund the policy instead of straight into the RSP first.

just for you to think on, but it not saying it’s the right number. It might be a smaller number. For some people, they wanna be more aggressive and get their policy fully funded or aggressively funded earlier on. So here, I’m gonna use the idea of instead of that 100,000, and our YouTubers here can see this, instead of the 100,000 going straight into the RSP, we’re actually gonna take a sidestep here and we’re gonna actually take that 100 and we’re gonna put it into the policy first.

And that is gonna give us a cash value. It’s not gonna be exactly 100,000 right up front, but we’re gonna make sure that we get as much cash value generated through the design of this policy as possible. I’m gonna argue you’re probably gonna be in the 80 to $85,000 mark here by the end of year one. So there is a little bit of opportunity cost in this year one. There’s a little bit in year two and then an even less amount in year three. Those first few years, there is a slight,

opportunity cost to starting this world, just like there was an opportunity cost when we bought our homes, right? There was, you got put this money in your down payments sort of stuck in the walls, took some time before I was able to get all of these dollars out, right? The market and so forth takes care of that. The part that I want people thinking about is that when you go to actually then leverage this and put it into the RSP, you now

First of all, you’ll notice if you did a straight up 100,000 into the policy, you now don’t have enough money in order to fully fund this RSP as 100,000. So you have two options. You say, well, that’s part of the opportunity costs and I’m gonna wait till next year. I’m gonna save more of that room. We’re using 100,000 even though this individual has about $140,000 of room. That’s one option that you have. The other option is that you can take some additional funds and sort of do the top up.

right? So there is that option here. I’m not going to draw all those nuances, but it really is dependent on the individual. The part I want you to recognize that you’re getting by starting a process like this rather than say directly funding or simply using the HELOC to fund this policy is that you’re actually going to get. And with this case, if we did a hundred thousand dollar max funded policy, your death benefit is going to be

a likely around a $1.5 million to start. And that number is going to obviously continue increasing just like cash value will increase each and every year that you fund this thing. We usually give it around a 10 year window is sort of like what I call the safe spot, meaning getting you to a place where yes, you will be able to offset based on where or how we’re funding these policies. However, there are opportunities

to offset earlier, meaning I don’t need to fund it for the full 10 years, but I also have the opportunity to fund it for the rest of my life between the minimum premium amount and this maximum premium amount we’ve set up here. Now, why we like this idea is that we are using still a leverage strategy, and I’m trying to write very neatly here while I’m chatting. So we are gonna leverage strategy just like we would with the HELOC except

this refund is going to come back instead of to us or to our HELOC here, we’re going to probably, and I say probably because to each their own, we’re actually going to redirect that against what we borrowed out of this bucket so that we’re refilling that bucket for the next year, just like we were doing with our HELOC over here. And some nuances here that are really important for us to note that make these things similar, but also different.

So similar is I can borrow against it. If I already have a HELOC, I’ve already been underwritten. With a policy, I can take a policy loan. There is no underwriting. So that is something unique to this structure. I can access up to 90 % of the cash value of this policy. Whereas with a HELOC, I can only get up to

65 % if there’s no other traditional mortgage or up to 80 % with that traditional mortgage. So you actually have less access to capital in your home than you’re gonna have over here. But the part that’s really important for us to consider is that when you take a policy loan, you have a ton of flexibility in that, first of all, we don’t apply for the loan, we just state what the loan amount will be. So they will send that to your bank account.

The second thing is, is that there are no repayment terms, which means you technically do not have to make any payments on this loan until you pass on, as long as the policy stays in force and you’re on side. So they’re going to calculate interest and they’re only going to capitalize that interest at the end of each year. So that is really important for us to note, whereas compounding with a HELOC is happening monthly. Here,

we’re actually doing this on an annual basis, which actually gives you not only an interest rate arbitrage, but a ton of flexibility where when I send this money off to the RSP, and let’s say the CRA, even though we’ve hired a billion CRA people, it seems, over these past couple of years, it takes them a couple of months to get to your tax return, you can choose to continue paying this down with extra cash flow, the leverage.

Or you can just wait, sit and wait on your hands until the refund comes. And then you can put the whole thing on that leverage or on that loan. Whereas over here with the C-lock, you are going to have to pay interest only on that. And therefore you’re either borrowing from your home equity line of credit to then repay the interest, which banks technically don’t like, but it’s possible to do. Or it’s coming out of your own cash flow until you’re able to get

this refund back. So there’s a lot of flexibility that’s offered here along with this idea that you’re now creating essentially a second life line of credit, so to speak, that also lowers risk. Because the reality is, is let’s say you don’t follow through on the policy, you don’t pay your premiums, or you don’t ever pay this back in the you keep borrowing against cash value and the loan balance gets too large.

where the policy has to lapse, you lose the policy. You don’t lose a home. You don’t lose anything else. It’s much less emotional. It is a structure. is a financial tool that we’re gonna use intentionally so that we can use leverage in the short term for opportunities. This would be a massive opportunity. And in the longer term, we can use this leverage for tax-free income down the road as we continue to grow.

this cash value bucket along with the death benefit, which is gonna be super handy, not only for your estate, but to wipe out any loan balances when we do move on to that next place.

Jon Orr: What I love about this as a path, we’re pass through structure is not only the flexibility, you know, that you you outlined, but the just the safe, the safety component as well, right, is to think like, like your home’s value, even though like, I think part of the risk is like the mindset most people have about their home is like, that’s my safety net. You know, like I’ve been planning on like, if if shit hits

Kyle Pearce: Mm-hmm. In Canada, it’s part of the retirement plan even, you know? Yeah.

Jon Orr: That’s what I was going to say. It’s like when shit hits the fan, I can fall back on the equity. could downsize if I need to. It’s like it’s there. And people don’t like to touch that because it’s like built into their retirement plan or they’re relying on it. So it’s like you don’t even want to use it as a structure to use, even though you do have it. it’s in a way, if you think about long term, your home appreciates in value, but you never know what the market’s going to do.

Right? Like all of a sudden it’s like, it’s a downturn year. And I need to like, you know, some things happen and I knew need to fall back on the home’s value and I need to pull equity from the home. But it’s like, it’s hurts because all of a sudden it’s worth less than you thought it was going to be worth. Whereas in this pass-through structure, in this particular tool, it can’t go down in value. It goes up in value every single day by like, by law. Like it has to go up in value because it has to reach that death valley that that

the excuse me, the cash value has to reach the death benefit by age 100. So it’s like, it’s got to keep creeping upwards so that you can get, you you’re going to get that value, which means you’re never like, when you look at your cash value, you’re like, you’re never going to go backwards in cash value. So this is nice to rely on as a tool to use to build your wealth. it’s it when you look at this, right, like this is the supercharging your RSP, because it’s like, why would you not do this?

And is it because you now have to pay say the interest, but you don’t have to pay the interest if it’s not like working in your favor right now in terms of cashflow. Like, do you want to make sure you plan for that interest? Sure. Because you don’t want to, you know, you don’t want to not pay that interest back. You don’t want to like, just like forget about it. Even though if you did, it’s not the end of the world because like you said, it’s all designed so that it will pay off that loan by the death benefit when you kick the bucket. So it’s like, that’s why it’s like a super, like this is why

they just hand over your money when you ask for it because they know they’re gonna get paid back at some point. this structure is super safe, it’s super useful because the other thing is once you have this set up, it’s like you don’t have to wait till the end of the year to start dumping money over here, right? Like you can all of a sudden use it to like fund the RSPs throughout the year. You can be like, okay, now I’ve got a little bit extra over here and I’m gonna start funding this over here I’m gonna pay back. Anytime you get like a windfall, you just dump it back in there and…

And you’ve you you’re building this machine because eventually every dollar you put in, you get more dollars out. And that’s what I love about say the pass-through structure, because if you just paid your RSP, yeah, you’re going to save on the tax. already showed you that. But you also like you don’t get the benefit of growing to to, you know, the same dollar twice without the pass-through structure.

Kyle Pearce: Well, you know, you’ve highlighted a bunch of really important pieces here and something I want people to think about, like we talked and we address this today as if you were starting from ground zero and you’re just starting this policy. But imagine you were one of the people who joined us and reached out to us after our emergency fund supercharging your emergency fund episode. And let’s say that that was set up a couple years already.

So you’ve set up your emergency fund policy and now the cash value is actually in what we call like positive territory where now every dollar you put in more than a dollar comes out and you’ve got a policy that doesn’t have this year one say opportunity cost and there’s a bucket there and there’s more than enough money for your emergency but you can start leveraging against this extra fund or extra funds that are there to start this process.

It puts you so much further ahead because you’ve got a larger bucket that’s compounding based on the balance of that bucket, right? The value of that bucket. And you’re borrowing a chunk of that bucket, not the entire thing. And now you have a small loan out against a large growing asset that you’re now putting into another asset with the goal being that you’re gonna put more of the dollars that were destined for the government’s pocket into your pocket.

What you’re doing is you’re supercharging your entire worth through this process. Now, a lot of people will argue and they’ll say something like, hey, well in year one, there is an opportunity cost. You could do X, Y and Z. Well, this is why we discuss things such as creating that emergency fund. That money that was gonna sit there sort of doing nothing, inflating away anyway, is great money that you could be putting towards or at least a portion thereof towards building this policy noting that no one ever

has received a death benefit when they’re later in life and said, wow, that death benefit, there was too much of it. Like nobody’s ever once said it. And no one has ever said, wow, that was the worst financial decision that X, Y, or Z had done, was getting a permanent policy. What typically happens is they go, holy smokes, that was like a great move because it handles so many things down the road. So it’s like.

While we don’t hyper focus on death benefit, that’s not our goal. Like we are, I’ll call it in our selfish years, John, you and I, like we’re in this mode, you know, mode of like, we want to make sure that we are good for our life for the rest of our life with a comfortable lifestyle. We don’t want to be in our financial freedom years, you know, making less money than we’re making now, right? Because we spend most of our days making money, right? I don’t want that for myself, but

When I design this policy, I’m designing it to help fund my life, my family’s life, but I’m also taking into account some of these things down the road because you know what? Your home, your HELOC, none of these other things are going to help you in that way down the road. It is a nice tax-free asset having your primary residence, but there is no death benefit to deal with what you’ve borrowed against.

when you start borrowing against your home and let’s say start not paying it back in your later years. So while I am all for borrowing against the primary residence, it’s typically for only opportunities and very rarely do we suggest it for income. Whereas here we get to do opportunities in the short term and we get to use it for income in the longer term because I know that that asset when I move on suddenly.

just leapfrogs to another value, which is not what’s gonna happen for our other buckets like our primary residence.

Jon Orr: Folks, we typically look at each person’s scenario and each person’s unique constraints, situations, and we develop and design plans for them to make use of a structure like this or other structures and other plans, we custom build plans like this for you. If.

If this structure is something that you’re say want to know a little bit more information, you want to know, hey, how does this look in my particular case? We encourage you to head on over to canadianwellsecrets.com for test discovery and book a call there to chat with us and we’ll have a look at and see if this is the right fit for you. Cause sometimes it isn’t the right fit and we’ll be the first to tell you that this isn’t the right move for you. We’ll help you with other moves, but.

this might not be the right move for you. So head on over to canadienwellsecrets.com for more on discovery.

Canadian Wealth Secrets is an informative podcast that digs into the intricacies of building a robust portfolio, maximizing dividend returns, the nuances of real estate investment, and the complexities of business finance, while offering expert advice on wealth management, navigating capital gains tax, and understanding the role of financial institutions in personal finance. The show also digs into the underutilized corporate owned life insurance as a wealth building and Canadian tax planning tool through the use of participating whole life insurance that can not only resolve the issue of removing the income tax target from the back of your corporations retained earnings and put more money in your personal pocket both now and in the future.

OPTIMIZE YOUR FINANCIAL FUTURE