Episode 161: When Easy Leverage Beats Complex Strategies – A Canadian Business Owner Case Study

Listen here on our website:

Or jump to this episode on your favourite platform:

Watch Now!

Are you leveraging your assets the smart way here in Canada—or making it harder than it needs to be?

Many Canadian business owners and investors have both corporate and personal assets—but few truly understand how to use leverage strategically across those borders. Whether you’re planning for retirement, managing cash flow, or thinking about your legacy, the way you borrow and use leverage matters. In this episode, Kyle Pearce and Jon Orr break down real-life scenarios—including a case study with seasoned real estate investors—to reveal where people often go wrong with leveraging their assets, and how to shift from over-complication to clarity and control.

Here’s what you’ll learn in this episode:

• The difference between easy leverage and hard leverage—and why simpler is often smarter.
• How to structure your assets so you can borrow without triggering unnecessary taxes.
• Why a properly positioned permanent insurance policy can unlock flexibility, boost legacy planning, and provide peace of mind when leveraging your assets.

Hit play now to learn how to use leverage with intention and build a wealth plan that supports both your lifestyle and your legacy.

Resources:

• Ready to take a deep dive and learn how to generate personal tax free cash flow from your corporation? Enroll in our FREE masterclass here. 
• 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!
• Discover which phase of wealth creation you are in. Take our quick assessment and you’ll receive a custom wealth-building pathway that matches your phase and learn our CRA compliant tax optimized strategies. Take that assessment here.
• Dig into our Ultimate Investment Book List
• 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.
  

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.

As a Canadian entrepreneur, mastering your corporate structure optimization isn’t just smart—it’s essential for building long-term wealth in Canada. Whether you’re juggling salary vs dividends, navigating personal vs corporate tax planning, or trying to squeeze the most from your RRSP tax savings, the key is a cohesive strategy. By leveraging corporate assets and integrating tools like insurance policies, the Smith Maneuver, and a smart investment bucket strategy, you can optimize cash flow, protect your legacy, and unlock advanced business owner tax savings. It’s about aligning your personal finance, retirement planning, and capital gains planning into a seamless corporate wealth blueprint—so your money works smarter, not harder.

Transcript:

Kyle Pearce: Hey, hey, Canadian wealth secret seekers. We are going to be digging right back in to help Canadians, investors, business owners, and all those who are on their wealth building journey to start building with intentions, strategy, and control. And today we’re going to dive into one of the most misunderstood yet powerful wealth building tools. And you’ve heard us talk about it before, and that is leverage.

Today, we’re really gonna be honing in on this idea of easy leverage versus hard leverage. As you probably know, we talk about leverage a lot against real estate, against insurance policies, and other assets. And today we wanna talk about scenarios where it makes more sense to borrow against one asset rather than another.

And you know what? It’s not always cut and dry, but ultimately at the end of the day, it all boils down to what is gonna be easiest to help you get the outcome you’re after. So we’re gonna dig in and we’re gonna frame this around a discussion I had with a couple, Nancy and Alex, and they’re both listeners of the podcast and they’re seasoned real estate investors. Yeah, absolutely. In their 50s and 60s.

and they’ve done really well, but they’re planning for their next chapter. They also have an incorporated business app, happens to be a professional corporation. So we’re going to be talking about some of the nuances there as well so that they can figure out how they can secure the best retirement with the most cashflow, which also means, you know, paying as little in taxes as possible while also passing on wealth through an awesome and effective legacy plan. So Let’s dig into it here, John.

Jon Orr: Mm-hmm. Yeah, for sure. know, when we start to think about like choices in leverage, especially with Nancy and Alex here, and I think a lot of business owners right now are listening and also have a similar structure set up towards Nancy and Alex, which means like I have my personal side, I have my corporate side, and leverage exists on both sides. I have, say, assets personally that I can leverage against. I have assets corporately that I can leverage against.

And, and you know, if I’m a person, a business owner that’s really say the soul or maybe the two of us like Nancy and Alex are the only shareholders of the corporation. This is like a corporation that you can use to kind of build say your estate wealth across, you know, your different channels here. So then you have these choices like should I be, should I be leveraging this way or should I be leveraging on

this side and we’ve had these these thoughts as well is that should we buy that property in our personal names? Should I buy that property in my corporate names? If I’m not so concerned about say liability, it might make sense to have some leverage or debt over on this side versus this side. And I think that’s where they are. And what we want to talk about here is it’s like not over complicating.

your options and, and that’s, think the big, the big takeaway here before we give you the evidence and the examples is to think about your situations and going where, like, what, what is like, where do my assets lie? Where does the leverage lie? And can I make this easy? Cause easier is always better than say complex. even though complex sometimes can get you around the tax situations or complex can give you.

you know, certain advantages, but there is that trade off between the complex and the easy. And I always try to like weigh those two things. Like is the complex situation good enough or like worth it to go down the complex road to save blank amount of dollars in a tax structure or, or, know, this, this particular way, or maybe cost wise, it makes sense to just do it on this side. So give us the details here, Kyle, on, on what these two were, or kind of weighing.

Kyle Pearce:Yeah, so when we’re chatting with business owners and with investors, specifically those who are incorporated, a lot of discussion comes down to how do we utilize the money that we have available to us in the most efficient and optimal way, right? One thing we know for certain, for example, I was on a call the other day, John, I was just telling you about this, that we had some real estate investors who also have an incorporated business. And what they were doing up to this point,

was they were taking money out of their business, paying themselves through a T4, and then taking some portion of that leftover net income and then borrowing it or lending it back to a different company to buy assets. just in that process, what ends up happening is we’re just, we’re.

creating a taxable event that we never really needed to, right? They were planning to buy these properties inside of a corporation anyway, probably for liability purposes. And they basically took money out, paid tax to get it personally, and then lent that money from a personal level back to a different corporation, whereas they could have just kept that money within the corporate structure, invested in real estate, and moved on with their lives, right? So instead of…

investing 60 cents of every dollar. basically, or, you know, I shouldn’t say instead, they were investing about 60 cents of every dollar instead of investing 88 cents of every dollar if they’re here in Ontario. And, you know, we’re, talking about the small business, deduction credit.

Jon Orr: Right. It sounds like they maybe had just opened the new corporation as personal owners and that say that owner wasn’t say the other corporation, right? Like it’s almost like, we should have, the owner of this new corporation really should have been our holding company. And therefore we can, you know, transfer the, you know, any sort of investment down to the sister company, you know, with, without say the triggering a taxable event. So.

Sounds like that maybe have been just the structure they either missed up on or could be restructured going forward for that case. But that’s not the scenario that brought us to talk about the easy versus hard. But that is an example of like, you’re doing it harder than you need to.

Kyle Pearce:100%, 100%. And really what it ends up happening is it really just comes down to understanding what’s going on, right? Because I mean, in your mind, you know, the instinct of a business owner is like, want to get the money out of the corporation, right? And like, I want it in my personal hands. It totally makes sense. It feels like that’s the right move. But if we’re going to then send it back to a different corporation, you know, really, there’s a way we can structure that better. And in this particular case, we’ve got a couple

that actually have a couple things going on. And I’ll share my screen for those people who are on YouTube. You can check this out over on our YouTube channel, Canadian Wealth Secrets on YouTube. Go find us and hit the subscribe button. But for those who are listening here, I’ll do my best to describe what’s going on here. And they have a lot of money being generated as an operating company, we’ll call it. It’s a professional corporation.

but within their corporate structure, there’s a bunch of money in there each and every year that’s being generated, which means it’s going to be taxed at a low tax rate on the first $500,000 of net operating income every year, which is great, but only if that money stays inside. over the years, they’ve had enough personal income. So whether they were doing what this other couple that I just described was doing initially, like bringing money out.

maybe unnecessarily and then reinvesting it at a personal level, whether or not that’s the case or not, that doesn’t matter here. The reality is, that they have real estate on both sides of what we call the corporate border. Okay, so they’ve had enough retained earnings inside the corporate structure and they’ve reinvested dollars to grow their portfolio there. They also have a stock portfolio. Here’s like my…

you know, drawing of what a stock portfolio looks like, John, it’s a chart with a little line going upwards. Yeah, exactly. And in less of these downs and more of these ups, but they’ve got stocks and bonds as well as in their personal name, they have the same thing. So they have sort of a scenario, of course, it’s not one to one in terms of, you know, the valuation of the real estate inside the corp and in their personal name and the same for their stock portfolio in the corp and outside the corporation. I want mine to look like that. It’s going up.

But by doing that and by having that, it certainly does open the door for some interesting strategies because as you can imagine, they have quite a bit of retained earnings inside the corporation. Today’s example, we’re gonna pretend it’s a million dollars. It’s actually a different number and it’s a large number. And they’ve been talking about how they could potentially have or maintain high cashflow at a personal level as they get closer to retirement years.

but also ensure that they take care of legacy at the exact same time. So they have children, they wanna make sure that, hey, listen, if we’re just taking all this money out, like what a lot of people do is they just slowly decumulate assets. A lot of people might choose to do it in the corporation first and then slowly drain it to themselves. Other people might do it at a personal level. However, we’ve been talking more about, how do we do both? Like, how do we get that cashflow, keep that cashflow high?

but then not actually have to decumulate our actual assets, like without having to actually sell all of our assets. They know they’re going to sell some specifically in the stock portfolio, right? It’s liquid enough that they can sell over time and, you know, get some benefit from there. But what do we do to make sure that we don’t get hit with a huge tax bill on the retained earnings when the future shares or the current shares of this company are

passed along to the children in the future. So through that discussion, we definitely introduced this idea of where permanent insurance comes in. And in this particular case, we’re going to suggest that that policy is held inside the corporate structure. Why? Because there’s a lot of retained earnings in there and noting that they do want to start shifting from a high equity sort of focus.

and or high risk, I would argue, and I would include real estate in that higher risk category, even though I love it. The reality is, that real estate does have unexpected costs and expenses along the way, i.e. a tenant that you, John and I both recently are no longer friends with, you know, that tenant that stopped paying over a year ago, right? And now they’re out. So

Jon Orr: Yes, yes. Yeah. A year ago, a year ago.

Kyle Pearce:Real estate and equities would be in the higher risk category and as they shift towards retirement, they want to start shifting some of their portfolio. Not all. We’re not gonna go completely all in here on fixed income or on high cash value insurance, but we wanna start transitioning some towards that place and as a result, getting ourselves a longer term exit plan through the capital dividend account.

when that death benefit does pay out so that legacy is taken care of. So you can sort of see here, John, the picture is starting to shape up, but we haven’t actually broached the real topic of discussion here, which is really gonna be about how do we use leverage to our advantage here to not only maintain our assets, but also be able to benefit from cashflow at the very same time.

Jon Orr: Exactly, exactly. So, you know, having that policy inside the corporate structure, you know, that asset that gets built over time, you know, some of the pieces, the strategies we’ve talked about, not only here on this podcast, but inside our masterclass on, you know, leveraging and obtaining cash flow inside your corporation and then how to make use of that on the personal side.

and that’s where I think where these two were thinking, you know, it’s like, okay, I, I want to be able to, you know, have say cashflow in, you know, on my personal side, also in my corporate corporate corporate structure. so that maybe, and I also want to kind of think about like, where should I create leverage to kind of build that or have, have available capital to buy say another asset. And because they were thinking about this policy.

established inside the corporate structure, they’re like, Hey, I’ve got some assets in there. Why don’t I leverage against this policy that I will be building over time to create some of that cash flow? And I think so that’s that was where this kind of discussion went to. And the easy hard part that we’re talking about here is is thinking about almost like you have to answer the question like, what am I? What am I actually trying to do? Like, what is the goal?

of where I want, say, my money to come from or where do I want this money for? Like, answering questions about our future, answering questions about purpose can help clarify the easy, hard discussion because it might make it more sense to be like, okay, I could leverage or borrow against the cash value of this policy, which is inside a corporate structure on the personal side.

Because I can go and get an IFA or I can go to a lender and say, hey, I have this asset. Let’s leverage against this asset inside the corporate structure. I own this corporate structure in the bank or the lender is going to be like, great. That’s a great asset that we would love to lend against. You could do all of that. But then you have to say, well, what are you going to do with that money? Where is that money’s purpose? Because that’s where the Okay, that’s in a way a complicated structure to bring to go from corporate out to personal side. And maybe there’s an easier way to accomplish the same goal that you’re actually at.

Kyle Pearce: 100 % 100 % so really what it comes down to is first and foremost having the assets available to you is going to be really key here and they do they they have assets on both sides of the corporate border which is great so it gives them lots of optionality and the one thing I want to mention excuse me the one thing I want to mention is that as we build these these plans out

The one thing that we do as soon as we introduce this permanent policy here, and we’re gonna assume that it’s being funded, and it doesn’t matter if it was being funded a million dollars a year, or $100,000 a year, what the number is, but I’m gonna assume, let’s pretend now it has a cash value of a million dollars, and it has a death benefit of around $5 million, okay? What this policy does is it opens the door to being essentially more, we’ll say,

more open to considering leverage in your strategy, given how the policy will work. And the beauty is, is that while a lot of people will gravitate towards, well, I have to leverage against the policy for this type of strategy. What we’re gonna tell you about is like, actually, that’s not true. What the policy does is it allows you to do leverage against any of the assets. And what you were saying, John, is like,

let’s start talking about like which is the easiest asset for someone, especially if we’re talking about personal leverage, right? If we’re talking about corporate leverage, the easiest asset to leverage is gonna be the policy, all right? So if the company needs to borrow the money because the company has a cashflow crunch or you wanna buy another rental property or you wanna do a leverage against your policy to grow that stock portfolio inside of the corporate structure likely in a holding company,

fantastic. That’s going to be the easiest thing to leverage. Why? Because the insurance company has to do it. Like they have to if you ask. So you go, I want up to 90%. Great. Could go to a big bank and set up an IFA, right? We talked about the immediate financing arrangement. That’s one option that you can do. 

So inside the corporate structure, the policy is certainly gonna be the easiest asset to leverage against just because we have that built in option with the policy. The problem is, is if we start talking about personal leverage, something that is really important to note is that the insurance company is only in a contract with the company itself because the policy is owned in the company. So the insurance company will leverage or lend

to the company because they’re the owners of the company, but they will not personally lend to you because you are not the owner. You are the owner of the company and the owner of the company or sorry, the company owns the actual policy. So when we look at personal leverage, there are ways that we can leverage against a corporate asset like the policy, but now we’re introducing a third party lender and we’re going to introduce the whole idea of underwriting

for this leverage. And the reality is, is it doesn’t actually at this point matter what asset we look to leverage is leverage and we’re gonna have the same underwriting requirements. And therefore it might not necessarily make the most sense. Although for some clients it does to leverage a corporate policy and go through some of the nuances that are necessary in order to do so compliantly in a.

appropriately and to make sure everything lines up and to make sure you protect yourself. So why not look at some of the other assets that we have available to us first if they are there and readily available for leverage.

Jon Orr: And now, somebody might be thinking right now, is like, okay, so I’ve got this asset corporately, and I’ve got a bunch of assets corporately, and if the policy holder, or the policy, the insurance company will give me a policy loan, no questions asked to the corporation, the company, somebody might say, well, why don’t I just, if I need cash, cash to be able to say,

send to my personal side, why can’t I just like have that policy loan issued to the company and then borrow from the company at a personal level and now my company is my lender? Like somebody might be thinking that and what would you say to that person Kyle?

Kyle Pearce: Yeah, it’s definitely something that can be done. So first of all, you can pay yourself out through a salary or a dividend with those funds that the company has now borrowed from the policy, right? So that’s something you could do. There’s obviously a taxable event there. You could take a shareholders loan, which you have the opportunity to borrow for up to, we’ll call it a year to up to two years minus a day, depending on where your year end lies.

But anything beyond that and all of a sudden now we’re borrowing from the company and we’re now entering the territory of a shareholder benefit, right? Which means that you’re actually taking that money and as a shareholder you’re receiving a benefit which means it should be taxable. And therefore that is why borrowing from your company is really only a short term solution for most people and isn’t something that’s gonna be a long term solution.

However, if we’re introducing a third party lender, that third party lender, despite whatever you end up securitizing for that loan, they are going to be underwriting your entire financial situation, right? So regardless, they’re looking at all your assets anyway, and then the question just becomes which one is gonna be the easiest one to use as security against that leverage or against that loan. And when I look at this financial situation,

And for many business owners, this is true, where they at least have a primary residence, right? And I’m not saying at least as if it’s a bad thing if they chose to rent. But for many, they do have a primary residence. Some might even have maybe rental properties. I would argue that, you know what? This policy, what it did is it opened the door so that regardless of what I choose to lever in my life, I have the only asset known to mankind.

that is worth one thing while I’m here and it’s worth more when I’m gone. And that opens the door to allowing us to leverage against things that you may not have felt comfortable leveraging against. Like for example, our primary residence, right? My primary residence, a lot of people think I just wanna have no debt against my primary residence. It’s gonna be passed down and it’s gonna be one of those legacy things. Why? Because…it’s not going to lose any value due to capital gains taxes on that primary. Well, if I know that I have a policy inside of my corporation that is worth one thing, is leverageable to the corporation easily. It’s also leverageable outside of that world in a more complex and nuanced way, but I have this easy asset that I can borrow against. I could go ahead and take leverage against this asset, which is in my personal name.

have access. yeah, the primary residence. My apologies to our non YouTubers there. But we’re pointing at the primary residence right now. And you know, if there’s a million dollars there, that’s leverageable from that primary, you could do the same thing. Now for a lot of people, they might say, well, I don’t need a million dollars all at once, right? Unless it’s an investment or an opportunity. So it might be a line of.

Jon Orr: Which asset are you pointing to for all of our listeners right now?

Kyle Pearce: Credit that you utilize and therefore you might be drawing just as you go because here’s the other nuances that most people have other buckets that they almost have to be be be de accumulating one one known as the RRSP is one that this couple is going to have to start draining as they go along so they might not have a consistent need for leverage against this primary residence but it might be helpful for them. in those years where they want to quote unquote top up whatever they were pulling from some of these other buckets as well.

Jon Orr: Yeah. for sure, for sure. it’s like, what I’m hearing is that because I have assets and I’ve secured this policy inside the corporation, and if I choose to not go the complex route, which is get the third party lender to lend against that policy, and now I can use that leverage on the personal side, which is a complex structure to set up. Now, we do that work with clients, but it is the comp.

complex structure, you’re saying, because you’ve already established the assets inside the corporation, and that asset itself, when you pass is going to be, you know, explode in value compared to its value currently, then it’s almost like you’re saying that there’s now a safety, like you’ve created almost like a safety bucket, you know, around your assets.

that you can now feel a little bit safer to go to your primary residence and go, it’s actually easy to borrow against this asset right now for personal, knowing that down the road, I have say, that covered through the policy and the capital dividend account, it’s gonna come out of that corporation to my heirs and it’s gonna cover any say debts I currently have and all of a sudden it’s like, it makes it easier to go like, I would never have loaned against my primary but now I feel like

I’ve created a system to allow me to be like, I can just, I have buckets and I know that certain buckets are dedicated for certain things. And if I dedicate that policy to making sure that my primary residence is taken care of upon, you know, whatever scenario, then I now can just dip into any buckets, you know? It’s like, it’s like there’s, and this is the way that I view my spreadsheet is like, where are my assets? Are my assets personal? Are my assets corporately?

What are the current values of those assets? What are any sort of lending or debt I have against those assets? What’s my available equity in those assets and how much liquidity are these assets that I can play with? And then therefore I’ve now got different buckets that tell me where can I pull from when needed? And if I go like that asset over there is my emergency fund, you know, bucket.

that, you know, I can leverage against that for any emergencies. This is my investment bucket over here. I can leverage against that when needed, or I can liquidate this when needed or when it’s time for retirement. Like structuring your assets and where the debt lies, which is really creating your, your, your, you know, your, your net, your net income or your net worth across say the bottom of this spreadsheet. You know, you, you get a, you’ve got a nice clear picture of where you, where your safety lies. And I think that’s what you’re talking about here with like, let’s go easy.

because you’ve built a system that can keep you safe as long as you kind of treat them that way instead of going like, I may go the complex route, because I don’t want to touch this bucket, even though it’s all one big bucket for you personally, eventually.

Kyle Pearce: Yeah. Yeah, 100%. And the other aspect too is like for most people who are in this land where they’re trying to make these decisions and they’re trying to make this plan, they have multiple assets going on. Like the other aspect is it’s not an all in on any one strategy. Like for this couple, for example, like they have investments inside the corporation and I’m going to assume, let’s say it was a million dollars of retained earnings put into those assets.

And let’s say it’s grown to two million. So they have a million dollar capital gain. Like there is half a million dollars that gets to come out to them if they were to sell that million dollars of capital gains, right? If they were to crystallize those gains, they get like $500,000 potentially coming out to them through the capital dividend account. And they don’t have to do this all at once. Of course, this could be slowly and over time to help in this process, which also

means that maybe I don’t need as much leverage right away. The leverage might be there as sort of the top up to this strategy because the reality is is that none of this can work in isolation, right? We can’t put say a leverage strategy in place on its own without considering the other buckets like the RSP that they should start slowly taking from as soon as they stop taking say a salary or dividend directly from.

the corporation. Let’s say they show slow down and want to work towards financial freedom. They should start slowly draining the R. P. The same might be true for their other unregistered investments at the personal level as well as at the corporate level in order to take advantage of the tax free portions of those capital gains. And then for the leverage strategy, we look to the other assets to sort of look and say, you know what? Do we want to hold these assets for the long term?

for real estate, for many? The answer is yes. And for policies, the answer is yes. And that’s where leverage fits in with those particular buckets and usually to what I’ll call make up for the last dollars of their needed cash flow. We don’t want leverage to be the first dollar. Why? Because every year we should be getting some taxable income because we have some buckets that need to be taxed along the way.

So make sure we take care of that. And then leverage can be used for as that tax bracket starts moving up, we can utilize leverage in a conservative manner against the easiest assets available to us over time. whether that’s the primary, whether it’s a rental property owned in the personal name, or whether it’s some other asset that they might own personally or corporately.

it would depend on the scenario, but the one nuance and the one, I guess, consistent piece here is that the policy itself is the one that’s gonna give you the confidence that if leverage strategy does work, that no matter where the leverage lies, that we have a larger death benefit that will pay out the net death benefit will pay out through the capital dividend account tax free.

to help deal with any of that personal leverage that you may have taken on over your lifetime. And therefore we get the true win, win, win scenario where you get to win on the cashflow side by keeping a solid cashflow at your personal level over your lifetime. You get to maintain your net worth as you go. Nobody likes to see net worth numbers dropping as they retire, right? That’s like very hard on the mind. And then finally, the last but not least,

you are not stealing from your legacy, which is what a leverage strategy without a permanent policy in place without a strategy for permanent insurance, you are essentially taking from legacy, which some people might be okay with. But imagine if you could have all three without having to sacrifice any.

Jon Orr: Yeah. That’s a big one right there because I think you’re right. We often don’t think about that and we don’t think about the legacy and pulling from your actual legacy when you create certain leverages using certain buckets. Now what I like about this case study is it’s a great example of how we’re currently thinking about our wealth planning system because we talked about the…

really the four pillars, the four stages, the four components of a solid, healthy wealth planning system, which is one is about vision. we talked about, like we have to answer questions about like, where do I see myself in five years, 10 years, 30 years? Like what are the goals for where I’m hoping to be? That’s a stage one. Like we have to be able to like get clear on our vision for our financial system, our financial wellbeing and our net worth. We have to know those numbers. We have to go and go, what is my fire number if I’m working towards that?

That’s stage one is knowing your purpose. The stage two is really, we talked about that here, it’s creating the corporate wealth reservoir. where can I create leverage from and do I have assets that I can borrow against? Like that’s a big part of people’s wealth planning systems because it’s like we buy assets, we now have different assets that we can lever against if we need to, but we also create this kind of, this reservoir that actually pads our future and it creates optionality for

and establishing a reservoir is essential to any health, know, wealth planning system. So we talked about that here in different ways to lever against your assets. The third part is optimizing your structures. Like you’re optimizing your structure between corporate, personal, know, tax-free savings accounts, RSPs. Like these are all things you have to optimize for on your plan. And we talked about kind of some nuances here between moving between corporate side, personal side, and how to make some of those choices.

essential component to any sort of healthy wealth planning system is the optimization stage, that’s the third stage. And then the last stage you just talked about, Kyle, is the legacy, like planning for a state legacy. We often say, don’t think about that until later. And then at that time we go, ooh, we should have thought about that earlier. And so, you know, all four of these components are the essential things for a healthy wealth planning system. So we talked about all four today.

And you know, if you want someone to give you an assessment of where you are on those four, you want to kind of strategize everyone’s unique has a unique situation, then, you know, join us for a call like reach out to us going to head on over to Canadian wealth secrets.com for discovery. And fill out a form there and we may be talking about your unique situation and we can start strategizing how best to, you know, support you and structure your wealth planning system.

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.

OPTIMIZE YOUR FINANCIAL FUTURE