Episode 162: 23 Years Old & Already Thinking Like A Millionaire: A Canadian Business Owner Case Study

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What if you could lay the perfect financial foundation for your future?

Whether you’re just starting your Canadian business journey or already juggling multiple ventures, knowing how and when to scale, structure, and protect your finances can feel overwhelming. Jess and her husband, both in their early 20s, are already building businesses, planning for financial freedom by 45, and making decisions most entrepreneurs delay for years. But even ambitious starters hit walls—especially when it comes to being taken seriously and making smart tax moves early on.

In this episode, you’ll learn:

• How to decide if (and when) incorporating your business actually makes sense
• Why understanding retained earnings and tax brackets early can be your financial superpower
• The essential blueprint for setting up your operating and holding companies to fuel long-term wealth, not just short-term wins

Press play now to learn how to structure your business today so you’re not paying for missed opportunities tomorrow.

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.

Navigating entrepreneurship today requires more than just hustle—it demands smart financial systems for entrepreneurs who want lasting success. Whether you’re a young entrepreneur just starting out or scaling businesses across industries, understanding Canadian tax strategies and business structure is essential for wealth building. From incorporation and corporate structure optimization to real estate investing and capital gains planning, small business financial planning plays a critical role in achieving financial freedom. Strategic moves like optimizing RRSP room, implementing the Smith Maneuver in Canada, and mastering salary vs dividends decisions are vital for effective personal vs corporate tax planning. Through thoughtful financial diversification in Canada and a personalized investment bucket strategy, business owners can unlock tax savings and use a corporate wealth blueprint to secure long-term wealth. This includes leveraging corporation investment strategies, retirement planning tools like RRSP tax savings, and wealth optimization strategies tailored to Canadian entrepreneurs. It’s time to align your personal financial buckets with business goals and use proven Canadian retirement strategies to future-proof your finances.

Transcript:

Kyle Pearce: All right, John, we are gonna dig in here on a Friday secret sauce episode. And I just recently had an amazing conversation with a listener of the podcast, we’re gonna call her Jess, because we didn’t get permission to use their full name. So we’re gonna call her Jess here. But as you heard, young already, we’re gonna say like already balling, you know, like already getting to work here.

And you know, something that really resonated and almost triggered me to go, you know what, we want to share more about this episode because I’m sure there’s other people in our audience that maybe are earlier in the journey. Maybe they’re not 23. Maybe they’re a little older, but they might be starting this entrepreneurial or investment journey, whatever age they are at. And here’s the nuance here. something that really resonated with me was, you know, she had said everyone that she’s reached out to thus far.

isn’t taking them seriously because they’re young, right? They just out of, you know, just out of school and they’re just getting started here.

Jon Orr: Hmm. Right. What was, what was she reaching out for? What was she reaching out to others for? I know what she reached out to, you know, us for, but it was the same, same, same idea.

Kyle Pearce: very, very similar ideas, really looking for trying to ensure that as they grow and as they scale, that they understand the process, which I think is like, that’s what everyone should be doing. But we oftentimes don’t, right? We’re, so involved in the growing of the business, the scaling, we get busy, we don’t think about, you know, what the what ifs of let’s say, taxation or liability or any of those things.

and you’re just thinking to yourself, I’m excited to grow this business and hopefully it will be a success. And so far they are doing fantastic. So she was working in a different industry as a T4 employee and she basically, you know, kind of what I’ll call rip the bandaid off and just jumped in, right? Got the golden handcuffs removed and jumped into their own business. I will say when you’re starting at a young age, like think of how Unrisky that is when you think about it, right?

Jon Orr: Hmm. Yeah. Yeah. And, know, like we’re giving them a lot of credit here for sure to say like at such a young age, thinking about tax planning and getting your business started on the right foot and thinking about like corporation or what does that look for taxes? Am I optimizing my reservoir? this is great for them. it makes me super curious. And I wonder if, and I know that you were on the call specifically with Jess, but you know,

Does she mentioned like what was some of the pebbles rallying around in her shoe to like make her go down like you don’t usually hear of a 23 you know, a young 20 year old going like, let me try to optimize for tax purposes. You know, usually this is like, you know, us in our age going like I’ve done a bunch of great work and I’ve got some businesses going and like, now I’m at the stage where I’m trying to do my optimization stage. You know, this is usually after you’ve done your growth stage and you’re doing your inner protection stage. So so I’m curious if she kind of brought up any sort of pebbles that were like, you know, rattling around to kind of make her think this so early.

Kyle Pearce: Mm, yeah. I honestly, I think they have a really clear goal in mind, right? So very early in the conversation, was clear to me that her and her husband, they’re a young couple, but they already in their mind know they’re like, by 45, we want to be at our financial freedom number. And the part that I really respected about that was the fact that it wasn’t like by 25.

You know, like sometimes like when people do set goals, sometimes they’re like way too lofty, right? And it’s like, and not to say, Hey, who knows what can happen over the next two years, but setting themselves and saying, listen, like, we’re going to give ourselves a good chunk of time here in order to get us to that place. And to me, I, based on the, I’m going to say the ambition, the, the focus and the clarity around what it is that they want to do.

They essentially want to grow these businesses to not only help them with cashflow and lifestyle needs, but to then take any leftover funds, any of those retained earnings and start building a real estate portfolio. So that was very clear to me. It was like they knew what the end in mind was. And now it’s almost like, and John, you love this stuff. When you think about that end in mind, being able to back map all the way to where we are now and going, okay, so what do I need to do now?

in order for me to achieve that. And I think along the journey, the fact that they’re listening to other podcasts, they’re listening to all kinds of wealth and investment podcasts, including this one, they’re starting to recognize that, okay, if my goal, if my timeline is essentially like 20 years or just over 20 years here, 20 years of being inefficient with our tax planning could actually hold them back.

quite significantly, right? We’ve addressed this on the podcast. If we can keep more of every dollar. And again, we’re not talking about doing this in shady practices. You have to pay your taxes, but depending on what we do and how we do it, we can pay the lowest amount of tax for the longest period of time. That’s really the big goal here, right? And that’s where they’re trying to get their heads wrapped around. Now, I want to give you a sense, John, I didn’t even mention this to you before the episode, before we hit record, but yesterday I was on a call with a different

client and that particular individual is in a position where they’ve done really well for themselves. They have incorporated businesses, but they did not understand tax planning. So they had taken out $200,000 per spouse as a dividend, which means you get to pay the tax bill at the end of the year on that. And they just got a massive tax bill, not anticipating that that was going to happen. Furthermore, they own a bunch of rental properties inside their holding company.

However, they have not actually been claiming their taxes on those properties thus far. And they’ve owned them for a number of years. So big, big issues just because they were unaware. They weren’t trying to do anything intentional, but unfortunately, you know.

my suggestion for that group is you need to get on your accountant like yes, or on a call. Yeah, and well, here’s the thing I said, like, did your account know you had these properties? And it sounds like maybe they didn’t, you know? So like, that’s really hard, right? We don’t wanna point the finger. However, coming back to Jess, Jess has her business and then her spouse has a business which is a sole proprietorship. So she,

Jon Orr: I was going to say you need a new accountant. they didn’t know.

Kyle Pearce: has incorporated her business. It’s actually a short term rental cleaning business, which I think is fantastic because they’re playing the real estate game. They enjoy it and why not grow yourself a active business that’s going to be related to the thing that you’re investing in. Now I’ve never gone anywhere near property management of any type because that is just not my bag. It’s not my thing, but

if that was something that motivated me and drive and drove me that would ultimately be sort of a win win right being able to pay ourselves for doing property maintenance and property management and in this case, they’re heading into the short term rental game which is fantastic. they’ve got eight units that they have under contract that they do all the cleaning for and they’re expanding to 16 now that they picked up some extra units plus

She’s just hired on more employees and actively hiring more. So they are clearly in growth mode here in that side of the business. The husband has a plumbing business, which is currently a sole proprietorship. And really, the question is, they’re wondering is like, are we doing this right? Like, did I incorporate at the right time for my short-term rental business? Is my husband, should he be incorporated already? Like, what’s going on there? And when should he incorporate?

So that’s kind of what we’re gonna talk a little bit about here. And then at the end of the episode, we’re actually gonna unpack a little bit of what we call a health and wellness check for your wealth plan. So we’re going to go through four big categories that we like to help clients with so that they get a sense of where they are and where they might wanna focus on next.

Jon Orr: Mm-hmm. Yeah, we’ll look at some holes in those four, say, main components, because we like to figure out how to optimize for those four. So we’ll be doing that along the way, but kind of summarizing definitely by the end of this episode so you can get a sense of what those four are and how to do it for yourself. But I think when we think about the main question that Jess here came to us to kind of understand as a common question is to say, I’m doing things.

And I just want to make sure that I’m on the right pathway. Now, Jess and her husband were very clear on where the short-term rental cleaning business was going. And they had that, say, trajectory. They’ve got it mapped out. They’re like, know where they’re going. They know they’re going to be hiring this many people on board. know they’re going to be getting this many more units to include into their mainstream revenue source here. But I think the question that I think a lot of us ask, and this is a question that Jess

and her husband are asking and we talked about this actually in a recent webinar that we we hosted, which was specifically about when do we incorporate, you know, like, like, like, do I have the right, you know, the right structure now to incorporate? like, when do I make that call? Is it is it strictly a liability choice? Like, am I just reducing the liability personally? And or

Or is it, should it be, say, a tax minimization strategy? Or both? But then the question is, because we always would say it’s both in a way, but when is the right time? Is it always the right time to incorporate, or is there not? And that’s the question I think we first addressed here.

Kyle Pearce: Yeah, yeah, absolutely. And in that webinar as well, someone asked and they said, like, when is it not a bad idea from a liability perspective to incorporate? I would agree, typically, right? Like, it’s better to be safe and those types of things. But if we talk specifically around the actual, and when we talk about maximizing your profit, minimizing your tax drag, that’s what we’re going to address here. And in their case,

Right now, I would argue that if she had no scaling plans and she was just going to sort of hover through and again, liability to the side here, right now that business is pulling around, we’ll call it 55-ish thousand dollars of available money after expenses and so forth. And right now, the one nuance that I had shared was first off, right now you’re not getting a huge tax benefit.

right? You are she’s pulling about 45,000 of it for lifestyle at a personal level. She’s so far left 10,000 in as retained earnings. Now, I even went as far to say, Listen, if you plan on scaling, like in it, and you are going to scan, let’s say this company doubles or triples, but your lifestyle needs stay the same for the near future, which that would be the ideal, right? It’s like you’re growing your business.

you keep your lifestyle expenses at at bay, right? So don’t get too excited when you let’s say double revenue and then you double your lifestyle expenses. Now you’re not really getting ahead. However, if she can keep that 45,000 ish lifestyle, I might even articulate and I did articulate on the call, I said, you know, that 10,000 that you have there, I might encourage you to take that 10,000 out in this tax year.

to get it out because you’re gonna pay slightly more tax at a personal level. But if your business grows like you’re planning for it to grow, you actually don’t wanna have all the money sort of stuck in there. And these early years are gonna be effective and helpful tax years for you because going from 45,000 or 55,000 of income, the tax drag on that’s not gonna be that significant where it’s gonna make a huge difference over the long term. So I would argue getting a little more out

now while you can and then still you can reinvest it, put in the tax free savings account or keep it to the side in case the business needs it and you can lend it back to the business, it might be worth taking advantage of this tax year while there isn’t a huge amount of funds sort of quote unquote stuck in there yet. But over time the goal here is that those retained earnings, that’s gonna give you an opportunity.

to essentially kick the can on taxes or at least a portion thereof, right? And we get to actually utilize the small business tax amount in order to pay less tax for now, keep it in the retained earnings. And guess what? They have plans to scale their real estate portfolio that those retained earnings could then be used to help them purchase further properties. And we’ll talk about where they might purchase those properties down the road. So.

I’m actually really liking that she’s already incorporated given the fact that she already has big scaling plans already, even though immediately there’s no sort of major tax benefit yet. However, now that she understands that, guess what? Keeping more money in the company over the longterm is going to provide a great tax deferral option for her and her spouse. I think it’s a great play for them given where they’re at currently.

Jon Orr: Yeah, and I think this goes to show why they have done such a great job on, say, extrapolating where they want to go and strengthening the vision of their business that they have. Like, this is a solid point here for them on knowing where they want to go because that helps dictate the structure that you can optimize for and, say, deciding, I’m going to leave retained earnings here because I have

plans for investment, have plans for growth, I don’t need all of that here. But again, knowing say some of these key numbers that you’re aiming to hit is essential for effective planning for making use of the structures that you currently have. So I like that, what’s happening here and great stuff on them. Now, I’m curious about the husband’s plumbing sole proprietorship.

did I’m sure that they were like, okay, we’ve already incorporated this short term rental cleaning business. Doesn’t make sense for us to also incorporate the plumbing business at the same time or how does that work? what did they ask you there?

Kyle Pearce: Yeah, so very, very similar ideas here. The only difference is is really it didn’t sound like the plans were as clear on the scaling side for the plumbing business as of yet, right? And that doesn’t mean they don’t exist, but it didn’t sound as clear and set in stone as in the short term rental cleaning business. So the thought there is depending on how much he’s earning as a sole proprietor. And again, we’re not talking liability here and

Of course, we will mention it at the end of the episode, but this is not tax or legal advice, by the way, these are ideas and perspectives to bring to your accountant to bring to your team. And of course, we’re happy to chat some of these out with you as well. But for for that side of the business, assuming liability is off the board, I would suggest that there’s no rush to incorporate from a tax perspective until

There’s sort of more clarity around what does that look like and sound like from a growth perspective? And, you know, I’ll give you a couple easy examples here. Let’s say that business brings in about $50,000, but he needs about $50,000 for lifestyle, right? There’s gonna be no real tax benefit here to having, you know, the corporation or not. However, the same is true. It’s really important. It’s not like a number.

game here where you go, okay, my net operating income is at this number, so therefore I’m ready to incorporate. It’s more about what’s the difference between the net operating income of the company and between what I need to live my life. And as that gap gets larger, that’s where you really benefit from having an operating company for that business. So as that sort of, you know, shifts all the way through, you can start to see that

more money that I can retain in my company compared to what I’m taking out, the more beneficial that’s going to be. Now, a nuance is, and some people might say, well, could they like kind of run both businesses out of a single corporation? And the answer is, is yes, that might get a little bit confusing with the books and so forth. So I’d argue if you’re gonna do something significant, yeah, keeping them separate is probably gonna be a good move here.

Jon Orr: They’re separate businesses though. For sure.

Kyle Pearce: And while I think they do plan to scale that business, I would say I’m not gonna rush out tomorrow until I have clarity around, I like to say to people from a tax perspective, creating a problem for yourself can be helpful to motivate you to incorporate, meaning.

spend less time worrying about getting that second corporation going and you know, going to the lawyer and doing this and doing that and the next thing and like go out and grind to a place where for this tax year, maybe you like maybe you end up getting a bigger tax bill than maybe you would like but it sort of promotes this idea that I’ve got a problem to solve and now I’m going to solve it. That’s one stance there where they can sort of you know, maybe focus on the business more than say the structuring because we don’t want to over emphasize or over focus our attention on the structuring. And then the business itself is actually lacking that attention that it needs in the early days.

Jon Orr: Sure. Yeah. Yeah, like even still, like you can, as he earns more and more money, I like the way that you had made, you know, the perspective of when it’s the gap between how much you need to support your lifestyle and how much you’re making. That’s the decision-making factor. And that’s also, I would say, you’re also maximized or optimized your personal tax

buckets, know, your registered accounts, like, can I make sure that my tax free savings account is padded to actually take some of that offset off and put it over here so that it’s growing? You know, I’ve deferred those taxes so it can grow and then pull from that bucket later because technically, that’s what you’re trying to do inside your business by not sending that money out, you’re keeping it inside the corporate structure to grow.

you know, in invest, reinvest in the business is why we have tax incentives inside the corporation, because as a society, we want businesses to flourish and grow that help our economy. That’s the same type of idea of like deferring yo any, any money you do not need on the personal side by using your tax, your your RSP account. So, so like, let’s say he’s maximized those now it might make sense for him to go in, in, in incorporate to take care of that gap between how much he needs and how much he’s making.

Kyle Pearce: Yeah, absolutely. And you know, here it’s all a delicate balance. It’s there’s never going to be a perfect scenario where you go, yep, that’s perfect. Or, you know, you’re doing it all wrong. It’s more about knowledge and understanding, right? The more we understand how the system works and when things work well and when they don’t, that’s really going to help you to understand what’s the best move for you. And for us, you know that we like diversification not only of assets, but also of

buckets and where those assets live. So if I have a way to get some of the money out of the corporation in a low tax year for myself personally, I’m gonna definitely do it. And then in other years, I might keep more inside the company. If I have a lot of retained earnings each and every year, I might up my salary a bit so I can start putting some into the RRSP. Whereas there’s some people that are like, I am not putting any money in the RRSP. I don’t care, I don’t care, I don’t care.

to me, I want a little bit of diversification. So I go, you know what, there’s enough retained earnings still in the corporation that I can do a lot of really great things with it. So let’s talk specifically about next steps for this couple, because a lot of people go, okay, so they got, you know, it sounds like they have one corporation and it’s potential that there might be a second operating company over time. What ends up happening as retained earnings grow and as we start deferring more taxes on those retained earnings dollars,

we wanna start thinking about the next stage, which is typically opening up a holding company. And that holding company will then essentially own the shares of the operating company or companies. And the reason we do this is now the couple can then both own shares of the holding company and the holding company can then own shares of the operating company or companies. And there is sort of this like,

We’ll call it like tax free shifting of dollars around from the operating companies to the holding companies. And one of the biggest reasons for a holding company is going to be to get assets out of the operating companies for liability purposes, get them out of there, but then also to keep it separate so that let’s say you start building that real estate portfolio or you invest in private placements or you buy another business or whatever it is.

The holding company is a nice place for those dollars to go any of those passive earned dollars to go so that if you want to sell the operating company, if you want to close it down, if it ever gets sued, there’s a lot of benefits here. And the beauty is, is that retained earnings from those operating companies can flow up in a tax free manner to the holding companies. Now they’re still not in your personal hands yet. That’s where you’re going to experience additional taxation.

However, in that holding company, we can keep a dollar of retained earnings from an operating company as a dollar in the holding company. And then we can then go to work. We can start buying our real estate. We can set up our early high cash value life insurance policies. We can buy other assets, open up trading accounts for, you know, longer term index investing. If that’s something you want to be doing as well, it’s a great place for that tech go. So that’s going to be on the radar for this couple.

but only once those retained earnings start to grow and accumulate where you’re going, wanna, and I would even argue when they go to buy that next property that they are going to invest in, I would argue that if their plan is multiple properties, probably opening up a holding company at that time is probably going to be a good fit for them so that they can get closer to that age 45 financial freedom number that they’ve set for themselves.

Jon Orr: Yeah, what I like about the holding company is it’s actually the name, right? Like I’m holding assets. It holds the assets of, you know, what you have ownership of. So I like that spot for those things. So it’s like the operating company is the machine that generates the income that allows you to then use as an asset to buy other assets. And then the holding company is the place that stores the value of these assets over the long term.

And then then you’ve got flexibility from the holding company to say, you know, issue issue dividends to you know, maybe for different classes to different people who are say owners or shareholders of the holding company, you’ve got some flexibility there. You got some flexibility to keep it there. And then know, like you’re saying buy other assets or you all of a sudden, you know, you can start building. So you’re what we call the wealth reservoir to make sure you’ve got kind of like your your chest that

can allow you to buy other assets, like this is a great spot to hold, say, those assets. And then these operating companies are the generators of your wealth. But your holding company is holding that wealth.

Kyle Pearce: I love it. I love it. So what we’re going to do here to wrap up this episode first and foremost, this couple is like on fire 23. what, what we’re going to run through is the four stages real quick here. What we do with clients is we actually take our conversation with that client. And again, sometimes there’s a gap simply because we never got there in the call. So this isn’t evaluative. This isn’t anything like that, but for Jess and her spouse, we just want to give them

an idea of where their strengths are and their gaps are based on each of the four stages of your wealth building journey. So the first stage is designing your vision for freedom. And this is financial freedom. And here, like it’s all strengths all around, right? Clear goals, retire by 45, own 10 properties and use business as an investment engine. strong, strong mindset here and it’s all action oriented.

gaps, we haven’t even identified any gaps. I’m sure we can get down the rabbit hole and say, hey, let’s get more vision for the plumbing side of the business. But ultimately overall for their financial picture, we’re gonna give it a grade of an A. John, how about stage two? How are they doing there?

Jon Orr: Yeah, so stage two is all about establishing a wealth reservoir, whether this is at the corporate level or the personal level. And in this case, we kind of unpacked that, you know, that we talked about a key next step for them is to open a holding company, which is where maybe you could be establishing this wealth reservoir, and making sure that we’re, you know, using the tax efficient strategies at that level.

They don’t have, they say, the holding company yet. I think we didn’t gain enough information about where this reservoir is, but it also makes sense. Like, they’re young, they haven’t, say, earned enough income year to year to year to build up the reservoir that can act as, say, the account to all of sudden start buying assets. And so, in this case, even though they’re doing really well in terms of like,

establishing some structure in place like having a corporate corporation. But maybe not say having say that holding company at or the wealth reservoir, we’re gonna you know, we’re not going to give them an A here. Even though we were seeing some strength, some strengths moving forward. So we’re gonna give them a B plus on the establishing your corporate wealth reservoir, is kind of like your

your your structure for investments. And it’s like getting this all ready to go so that you can weather the storm but also buy assets when the time is right to buy assets in the in the right structure. Kyle, what about the third stage?

Kyle Pearce: Third stage, optimizing your wealth plan. And here again, still very strong, specifically at this early stage of their business growth and really their life growth and on their wealth plan. So they’ve got the strategy around retention of capital inside the holding or inside the operating company for now. So they’re interested in leveraging in tax efficient ways and they intend to minimize withdrawals so they can grow retained earnings. So that’s fantastic.

The gap I would say right now is actually more about where the business is in the process, right? So we’re gonna give this a grade of B, but right now I would argue again, while they’re in this really low tax bracket, I might actually encourage pulling those retained earnings that are in there now and allowing this business to grow. Cause you will get to a place where all of a sudden now you’re gonna go shoot. I can’t get a lot of this out if I wanna maintain that low personal tax rate.

So we’re gonna give it a grade of a B, but again, I feel like it’s more of a where they are in the process, but it is something that we’re gonna want them to turn their attention to over time as they grow and scale.

Jon Orr: So the fourth stage here is what we call our legacy and estate strategy and optimization. So some strengths, you know, they’ve got some long-term thinking like that’s tied to stage, you know, stage one, which is about this vision. They’ve got some plans for aligning their two businesses. So there is some proactive planning happening there. However, and legacy planning is about protecting and optimizing for tax moving.

largely into the future. And, you know, we probably didn’t go down this rabbit hole, but this is an area of say, next steps for them to start structuring some of the pieces to start making sure that they, when they are in a position for selling the corporation or passing the corporation onto heirs, or let’s say after they pass, which is many, many, many years down the road because these folks are young.

that they have, say, those structures in place. There’s tools that allow us to optimize tax and plan for the future to kind of make sure that we don’t pay as much tax as we would if we don’t have those structures in place. So currently, being young, doesn’t mean that they shouldn’t be starting that now, which we recommend that they should. But from this conversation, we didn’t have any evidence to say that there is current succession planning structures or some of these.

planning tools that account for estate planning at that point. So we’re going to give them, you know, a C plus, because we see this as an area of growth for them.

Kyle Pearce: Well, my friends, so where are you in your process? We encourage you to head on over to our website, head and check out our Pathways page so you can learn a little bit more about your next step over at CanadianWealthSecrets.com forward slash pathways. And hey, if you wanna hop on a call for a discovery conversation, head on over to CanadianWealthSecrets.com forward slash discovery. And I look forward to chatting with you real soon.

Jon Orr: Just a reminder of the content you heard here today is for informational purposes only. should not consume any such information or other material as legal, tax, investment, financial, or other advice. Also as a reminder, Kyle Pierce is a licensed life and accident and sickness insurance agent and VP of corporate wealth management with PanCorp team, which includes corporate advisors and Pan Financial.

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.

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