Episode 218: The 3-Tier Liquidity System Every Canadian Needs to Build Wealth

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Are you relying on luck instead of a liquidity plan—and putting your wealth growth at risk without even realizing it?

Most Canadians think of an emergency fund as a boring cash pile that just sits there. But as Jon and Kyle reveal, your emergency fund is actually the foundation of every smart financial system—because it determines whether you react to problems or respond to opportunities. With rising costs, unpredictable expenses, and income volatility, your financial resilience depends on how you structure your liquidity. And as your net worth grows, the role of that fund should evolve—shifting from simple protection to strategic fuel for wealth building.

You’ll discover:

• The three tiers of liquidity—how to move from basic stability to a true “wealth reservoir” that compounds and supports long-term planning.

• When cash, leverage, or whole life cash value each make sense depending on your stage and volatility.

• How high-net-worth Canadians use liquidity strategically to seize opportunities, reduce taxes, and protect their legacy.

Hit play to learn how to turn a simple emergency fund into one of the most powerful wealth-building tools in your financial system.

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.

Canadian business owners seeking financial freedom in Canada can strengthen their personal finance and corporate wealth planning by building emergency funds that evolve into a strategic wealth reservoir, reinforcing liquidity and long-term financial stability. By integrating an opportunity fund into a structured Wealth Health Framework, entrepreneurs can align their Canadian wealth plan with clear financial vision setting, tax-efficient investing, and smart investment bucket strategy. Whether optimizing RRSP room, balancing salary vs dividends in Canada, or comparing real estate investing in Canada to renting, each decision shapes a broader early retirement strategy and supports modest lifestyle wealth. Through effective personal vs corporate tax planning, business owner tax savings, capital gains strategy, and corporate structure optimization, Canadians can enhance their investment strategy, expand passive income planning, and use retirement planning tools that accelerate financial independence in Canada. With intentional financial systems for entrepreneurs—spanning estate planning Canada, corporation investment strategies, and financial diversification Canada—building long-term wealth in Canada becomes a practical, achievable path for individuals and families.

Transcript:

Alright, let’s be honest here. know, no one is waking up excited. Kyle, maybe other than us, maybe other than us, because I think this is actually coming off like you just had an interview with a reporter from the Globe and Mail to talk about this very idea. So maybe we are excited to wake up and talk about emergency funds. Because it’s not flashy, you know, it’s not the sexiest thing.

but it is definitely, and it’s not something you like brag about on your social media or even like friends. It’s not like, hey guys, guess what? I just fully optimized to tier three on my emergency fund. It’s called a wealth reservoir. But here’s the truth, know, like after years of working with Canadian business owners and Canadians families, professionals, your emergency fund is actually, in our opinion, the foundation of a great healthy

wealth building plan. It’s actually the difference between, I think, reacting to problems as they come up versus responding to opportunity. That’s a difference. Let me say that again, right? Like it’s the difference between reacting to problems and responding to opportunities. when you think about that, stretch that out, take those ends of that, that reacting to problems, responding to opportunities. That’s a continuum. Stretch it out along a number line. Now every one of us lies along that continuum.

And we have a tool like that that helps us navigate along that continuum of responding to problems or reacting to problems and responding to opportunities. And today in this episode, what we want to do is unpack that continuum and talk about how your emergency fund actually evolves along that continuum and where its uses are and where some of the structures and pieces should live because

It will change as you grow older or not necessarily older as you move and your net income or your net worth grows. And it should, it should change and it will. And you probably are reflecting back when you were younger and you were saying, yep, I didn’t have one or I didn’t have an emergency fund, but now do I have one? And I think you do. It’s just where does it live and what are you using it for? So we’re going to call that out here today.

Awesome, awesome. Yeah. And really what we want to do is we want you to see that emergency fund as something that will evolve into a true wealth reservoir. Okay. And when we talk about a wealth reservoir, we’re talking about a strategic liquid tax efficient asset that’s going to protect your lifestyle, fuel any future opportunities and ultimately support your legacy. So our plan here, we’ve got three things we’re going to try to cover. One is why Canadians

desperately need emergency funds and especially now in today’s day and age. The second is how to evolve your liquidity through three stages. So we’re gonna talk about the stability phase, opportunity phase, and then finally developing into that wealth reservoir. And then the last one is how it fits into our Canadian Wealth Secrets wealth health framework and how you can build your own system over time so that you can end up with that wealth reservoir of your own.

All right, all right, so let’s get into it. Let’s get into it. Because when you think about it, I think there’s data here that suggests that one in four Canadians can’t handle, this is staggering, right? Like one in four, because if you’re listening to this, you’re like, that’s not me. But I mean, one in four Canadians can’t handle a $500 emergency without borrowing that. And typically, those one in four are probably borrowing it from their credit card. So, you know.

more than half of people say that an unexpected $1,000 expense would actually cause serious financial stress. know, rising rates, inflation, housing costs that squeeze households right now harder than ever. So when you think about it, know, when we think about all those pieces, it’s like, like, should I have an emergency fund? Like, your answer is yes.

But then people right away say like, well, I want money sitting around there like doing nothing? Like, is it sit in a cash account? Like, should I put that to money? And that’s where this continuum will come into play because some of us needed to sit there and be ready. And some of us can structure or develop some opportunities that we can make use of. And basically what we say is put two uses to the same dollar.

Yeah, for sure. And you know, we’ve heard a ton of people, you know, we, hear the advice save X number of months of expenses, which is a good rule of thumb, but it doesn’t necessarily consider your stage of wealth or income volatility. So what I want to sort of preface here, cause I’m going to guess that John, there’s probably a handful of people listening to this episode. If we go back to the top of the episode where we talked about the one and four,

might need to borrow to cover an emergency of $500 or half a people over $1,000 and so forth. The reality is, is some of these people may have done this intentionally. Like as long as you have enough equity in say a home where you could dip into that equity if an emergency were to happen and it wouldn’t break apart your financial plan, this could work.

So depending on whether it’s cash or whether it’s leverage, you get to decide that, but you wanna make sure that you’re at least able to cover yourself for a specific amount of time. while there’s no rule of thumb, right? Depending on your job, that might make a difference in terms of how much you wanna be able to cover, right?

I, well, I was just saying, I like, as soon as you said job, I was thinking it was like as a steady, you know, teach like a teacher who had seniority and you thought like, there’s very little volatility in my income. You know, it’s you’re pretty much in as an Ontario teacher that you’re, you’re, you’re going to see that paycheck. As long as you keep showing up to work every day, you’re going to see that paycheck. Therefore, it’s like, do I really need an emergency fund?

at that point, like what’s gonna actually, what is the world event that’s gonna happen? Like even COVID didn’t affect that for teachers, right? So it’s like, do we really need that emergency fund? So the whole stability, the idea of like your volatility is directly related to your job. So if you have a government job like we did, you know, for a long time, then maybe you have some other say basically guaranteed income coming in, you don’t need to have the same liquidity.

as let’s say a business owner who’s, you know, trying to, you know, scrape by or make ends meet, or even if your business is doing well, you still don’t have that guaranteed income to show up every day.

Right. And I mean, you know, even if let’s say you are in a stable job or maybe you’re in a less stable, you know, maybe you’re a business owner where it is less stable. You might choose instead of having that emergency fund, say sitting in a money market account or in a checking account or in a GIC, you might take that extra money every month and you might actually put it down on your home because you have a re-advanceable line of credit. And in your mind, you know that that line of credit isn’t there for just fun spending. It’s actually there because that money represents

the emergency fund that you’ve contributed to pay down more of your mortgage. Like that’s a move you might make. But what we wanna make sure people have is enough of that accessible liquid cash available to themselves, whether it’s through cash or liquid investments or assets, or whether it’s through leverage and that leverage isn’t going to completely derail your life or your lifestyle if an emergency were to rise.

Let’s say you’ve got, you know, dual incomes in your household and maybe they’re stable, fairly stable. ⁓ Maybe you’re only considering about three months. ⁓ And that could be through again, leverage or cash. If you’re single income or you have volatile income, you might want to start thinking about more like half a year. Or if you’re running your own business, you might want to be thinking something even more long-term because you also bring in things. Not only business might be lower or slower,

You know, you don’t know if maybe any sort of liability event might show up. You’re taking on additional risk and therefore keeping more money liquid or more leverage liquid for these types of events can be really important as well.

Right, right. I think the key here is that, you know, at this, when you’re thinking about your fund is that it shouldn’t necessarily be a fixed number. You want this to evolve. You want this to be really a liquid system that will evolve with your life. Don’t think of it as a hard and fast rule. You want to think about this as evolving and that’s what we want to want to build into. So before we kind of get into the tiers of an emergency fund and how it will evolve into a healthy wealth reservoir.

for opportunity and your wealth planning. Let’s just unpack again what our wealth health framework really looks like. this is the framework we help with our clients when we meet with our clients and talk about their next steps and what their wealth planning system is going to look like. We tackle and try to solve problems in these four areas. The first area is what we call our vision area, our freedom. And this is like when you think about what do you want your life to look like?

when you’re retired, you’ve got to know like, are some of the numbers? What do I want that to look like? What are the expenses? Like how much are the numbers there to help me guide my decision making? Because that’s, you need that kind of vision planning to be done. And so knowing what you want your life to look like now versus later, versus say your next stage and also into your errors is an important planning stage. So we help our teams and our clients kind of think about.

think about what that looks like and help them develop that plan. The second component is really what we’re unpacking here today, which is what we call the wealth reservoir, but it is a continuum and it is say a three tier process. So we’re going to unpack that today. So, but every health, wealth, every healthy financial system has a wealth reservoir.

The third component is optimizing. We talk about that a lot in other podcast episodes about tax planning, investing, corporate structure. So this is our optimizing stage, like making sure we’re making the right strategic decisions with the structures we have in play. And then the fourth component, every healthy financial system needs is a legacy planning. Like what are we doing for a state plan? Are we making sure that we’re protecting ourselves down the road and making decisions now that actually make it easier later on. And that’s linked with all the other areas.

definitely linked with your vision. It’s definitely linked with your optimizing strategy area. And it’s definitely linked with your wealth reservoir. So let’s let’s unpack where emergency funds fit, which is really in that phase two, the establishing your wealth reservoir, because it’s about protection, but it’s about flexibility. And that’s and that’s what we want to unpack here. So there are three tiers of your emergency fund. And let’s start Kyle with tier one.

Yeah, for tier one, this is the start. This is where it begins. And it’s all about just building some stability, getting yourself on track, remembering simplicity beats everything. So your stability fund is going to protect you from unexpected car repairs, know, dental or as I’m experiencing with my daughter orthodontist, you know, appointments that seem to never end here. I should have been an orthodontist, job interruptions, home maintenance, anything like that. And this is going to live likely

in something fairly straightforward. It’s gonna live in like a high interest savings account or a money market fund, cashable GICs. The goal here is gonna be access, not performance. So while, you know, there’s never a bad, it’s never a bad move to try to optimize, right? Put it in something that’s gonna be liquid and it’s gonna give you the best return as possible. The reality is, is we’re not talking about a huge amount.

Right. Right.

of money necessarily, but you should start small and grow from there. So for those who have no cash on hand, you might be leaning on leverage, right? And leverage is okay. But if that emergency does happen, you have to also process what’s that going to look like after I actually utilize those dollars for that emergency? Meaning will I ever be able to get myself out of that hole? Like that’s going to be a really important piece here. So start small.

You got to start with a milestone. We would say about a thousand bucks. That’s like a Dave Ramsey move, but you want to get to the next stage, which is a month of expenses. And then finally get yourself to at least three months of expenses so that you actually are building that stability fund that you’ll need in order to move from, because remember this is tier one of three tiers over your lifetime.

And it’s never too early, right? Because I was helping my daughter who’s 15 and her cell phone is her life right now. And the cell phone fell in the pool in the summertime and was like, I need a new phone, dad. I’m like, well, let’s talk about emergency funds. Let’s talk about let’s talk about why we want to start building towards that so that when you do have an emergency and your phone is now

consider to you your emergency and you need to buy a new phone or fix your phone, you now can dip into that. Like there’s never too early to start the discussion about like how much is enough for that emergency fund. And I think she settled on at the time that $100 was enough in emergency fund because $100 could probably fix her screen on her phone or, or, you know, ⁓ start acting towards like, could I buy a used phone?

with 100 probably not right now like a used phone, but at least it’s a start to get going. But she is like, I need to have and guess where that lives. It lives right now. Like we use YNAB here in our family, which is you need a budget, which is an app we put on our phones and, everyone has their app and everyone can track, you know, like the money in your account. But then it’s like, well, I put it in the buckets and we’ve got a bucket, you know, assigned to emergency funds. So that’s living in her cash account, right? That’s in her checking account that’s just sitting there, which is because it’s liquid.

Right? a down payment on a new phone. when that phone breaks next time, because for some reason teenagers can’t stop their phones from cracking. But the idea here, right? Like the idea of this stage here and this tier is that, here’s your mindset shift, is like the fund buys you time, it buys you space, it buys you clarity, it’s not going to give you the returns. It’s just there, just in case. Which is what, when you say emergency fund, this is what we’re talking about. Like this is what most people think about when we talk about emergency funds, is tier one.

Yeah. And you know, the key here with an emergency fund, like I think why so few people actually spend enough time or effort thinking about building an emergency fund is again, we said it at the top of the episode. It’s not very exciting, right? Like, and you think like, well, then what, right? Is that money just going to forever sit there and know in our world, what we actually encourage you to start thinking about is like when you accomplish that tier one, the stability fund,

you actually are now opening the door to now looking at it as an opportunity fund. So at some point, if we continue to build that emergency fund, but we actually don’t set a ceiling on it, like we actually continue to do the same actions week after week or month after month and building that fund, it will eventually morph into an opportunity fund. So this is where we’re like actually going to start managing that liquidity like a pro. So

you’ve now earned the right to actually start thinking about your emergency fund and potentially start blending things a little bit. So what we typically see people starting to do, and you know, we experienced this in our journey and our wealth building journey is that we actually transitioned from, you know, continuing to just stockpile cash over time. but then we started to look at,

our home value or home mortgage had actually started to be decreasing over time as well. And that introduced the opportunity for a home equity line of credit, which we could also lean on should we have any sort of emergency or this is that transformational portion of the phase where we can now look at that home equity line as potential opportunity fund as well.

Well, here’s the nice thing about the home equity line of credit because when you, so let’s say you’ve been building your cash account for your emergency, let’s say you were building it up to have six months, three months of emergency fund. When you start to look at your home equity line of credit in terms of a not a debt equity sitting in my home, I actually could put it to use. It becomes like your shock absorber, which now means like you can reallocate the dollars because you now are like allocating this money that you’re like, okay, if an emergency happens, I will lean.

and go and borrow money so that I can pay that emergency off. I’ll replenish, I’ll make sure I can replenish that, but now what you’re gonna do is it frees up your cash that you were contributing to your emergency fund to now act as your opportunity or your investment fund. Now you can start generating more net worth because you’re not holding onto that money now. That money’s now getting put to use. So now it’s like, now I’m stuffing my RSPs at a higher rate. I’m making sure I’m maxing out my tax-free savings account.

I’m investing in these, say, non-registered types of accounts. This is where our life starts to shift, to start really compounding. And it’s because you now realize or gained access to leverage or had opportunity sitting there, ready to go, when the time is right. And I think that’s the biggest advantage of the opportunity fund when you get to this stage is because now you’ve got this ability to start compounding your efforts when you couldn’t do that before.

Right, right. So the mindset shift that we’re actually seeing happen here at this portion or this stage, tier two, is that you’re moving from protection only to actually moving towards flexibility and efficiency. that original, again, tier one is helping you to give you the confidence that you’re going to be okay and that, hey, hopefully no emergencies happen. Hopefully we get out of, you know, that stage without anything significant taking place.

And now we can start thinking about how do we actually grow our net worth and how do we invest? And when we get to this place and we start to build up our net worth and we start to build our investments, we now start looking around and actually you almost end up here without realizing it that all of a sudden you’re in tier three and that’s the wealth reservoir. This is where your liquidity

actually becomes more strategy. Okay, so this is where high net worth Canadians start to gain a massive advantage. Once your net worth hits mid to high six figures and beyond cash sitting at a bank becomes inefficient. And you start to recognize that, you know, there’s other things we could be doing with this money. And you also know, be based on whether it’s leverage or other liquid assets, that you’re going to be okay if you

bump into some of these emergencies that we were trying to protect against in the earlier tiers. So now we want to actually design our liquidity to grow. We want to think about how do we make it compound? How do we make it be tax efficient? And then how do we actually help it help us down the road to support our retirement goals as well as our legacy? And this is what we call the true wealth reservoir. So the tool that we use is

high early cash value for this particular stage. Again, not suggesting that you, you you jump over those other two tiers. Like you need to work your way up to this place, but we wanna make sure that high early cash value participating whole life insurance starts to take those dollars from sitting there and essentially doing little to nothing. And we start compounding at a better rate. Now, remember,

This is still going to act as an opportunity fund for us, but it can also act as that emergency fund. So we have something where this dollars, this capital is safe and stable. Your cash value is gonna grow every year. It’s gonna be guaranteed to not go down. It behaves like a tax efficient GIC, and there’s a massive long-term upside in making sure that it takes care of our estate needs as well.

Yeah, it’s also accessible. you can and this is the the the growth part, right? Is that you can borrow most times, depending, you know, depending on the lender up to 90 % of the cash value. If you’re going with a policy loan, you don’t need any bank approval, you just say, Hey, I need that money now. And they then they lend that back to you. You could go with a third party and maybe you couldn’t get 100 % of the of that cash value loan back to you so that you can now have the true opportunity fund. So maybe

that money’s working and growing on the sidelines, but also I could have access to it. Like your home equity line of credit in a way does this, because technically your home grows, hopefully, over year to year, but your participating whole life insurance is guaranteed to grow, and guaranteed to grow year to year because the cash value is guaranteed to get up to the value on say the policy value by death.

Yes.

So that’s an important distinction right there that you can use it for safety, but you also get to use it for growth. It’s tax sheltered. The death benefit pays out tax free. If you have it owned by a corporation, it’s going to go out to the capital dividend account to the shareholders completely tax free. As we said before, it complements your portfolio. It becomes that low volatility base.

that supports your stocks, your real estate, your business holdings. It becomes that liquid or that fixed income portion of your portfolio. It can grow that way, freeing you up to use other portions of the same reservoir to invest in more growth assets. So the mindset shift here is that liquidity is not, it’s not just protection.

Right? So it’s like before it was like, I got my home equity line of credit in tier two, just in case. I also, it also, can, if I, an opportunity does come up, I have some funds. Now you’re being more strategic. It’s, it’s strategic compounding and we want to do that well. And that’s why we said before, this is what separates high net worth individuals and specifically corporate business owners from the rest of the herd.

I love it, I love it. So let’s talk a little bit about how the tiers work together. Quick little recap here. So there are three tiers. That first tier, again, it’s all about stability. We call it the stability fund and the purpose is protection. Where it’s gonna live is gonna be somewhere very, very basic. It’s gonna be either cash in a cash account. You know, it could be in an envelope in the cupboard. I would suggest, you know, probably getting it into account and get it earning something, high interest savings account, money markets.

close.

maybe cashable GICs. And the real benefit here is access, peace of mind, and really to get you to take the step in the right direction so you can move into the second tier. That second tier is the opportunity fund. Now, our emergency fund morphs over time. Now we’re less concerned about protection. We’re not gonna ignore protection and we’re more concerned about flexibility.

This is where we might start deploying some of that cash that we had on hand, and we might use something like a home equity line of credit to make up for a little bit of that just in case money. And this is going to start keeping more capital productive. And then finally, over time, as we continue to build and take those opportunities and start building up our net worth, we’re now going to see it emerge into a wealth

reservoir and that reservoir is like, it’s like the place we want all of that safe money to come back to. I might send it out into an investment, but when that investment comes out, especially if maybe it’s a, you know, it’s a five year, a private equity deal, or if it’s a private lending, or if it’s even real estate and we’re cash flowing, I want those dollars to come back to my wealth reservoir so that I’m ready to go and be strategic for the next positioning that I want to take.

Where we typically see that living and where it can be most efficient is going to be in a lifelong participating whole life insurance policy that’s properly structured, of course, because of all the additional benefits that are gonna help us down the road. Because remember, with investment strategy comes more tax problem, right? Good problems to have. If I have a lot of capital gains being, you know, growing in the background and they haven’t crystallized because I own assets,

At some point when I pass or when I sell, there will be capital gains to pay. And that’s where now our wealth reservoir gets to actually act and help to protect against all of those dollars going out the window. So the key benefit here is not only gonna be maintaining liquidity, it’s not only gonna be to help us continue growing our assets, but it’s actually going to make sure that our legacy is solidified over time.

So the key piece here is that the cash is gonna build stability, liquidity is gonna build opportunity, and then finally the structure that we utilize is going to build legacy. And we wanna make sure that we’re doing all of those things in the proper order so that we can truly build a legacy that lasts.

Yeah, and that’s one of the guidelines is is don’t skip the tiers, you know, a wealth reservoir only works when it’s built on top of tier one and tier two and you got your mind thinking about the way that you want to structure this. So that’s one of the guidelines. Another guideline is, especially if you’re getting started, like automate your savings, like if you’re if you’re like my daughter, like put that put that, you know, into the into the account regularly, like, let’s start building, like, ⁓ make it a habit, right? So get the momentum going. The other

guideline that we would recommend is review periodically, like review annually, maybe it’s quarterly, maybe it’s semi-annually, but it’s like as your net worth grows, your liquidity strategy is going to evolve with it. So make, you continually reflect on it and then think about the tools. It’s almost like where is my opportunity fund right now if I’m in the opportunity tier and what’s the structure that I’m holding that for? Like, like if it was me,

I’ve got that all outlined and you know, me being a geek and I got spreadsheets that show all these funds and all these buckets and where all this money goes. It’s like, do we have that laid out? And that’s sometimes what is beneficial when you start to review. It’s like when you wonder, you should go, I know where the answer is to that. The final, I think, guideline we have here is set, if you’re using your opportunity fund or your wealth reservoir the way it’s intended is set the borrowing rules. Like Kyle said, it’s like the money’s gonna come out, you’re gonna borrow against it.

but you’ve got to plan to pay that back. Like pay that back so you can replenish your fund. You can replenish your reservoir to continually build and strengthen. You gotta do that with discipline. You gotta figure out what is that plan. Like is the plan that, you know, I’m gonna go and use this as a down payment on a real estate property and then the cash flow, because I’ve done the analysis, the cash flow coming back is actually gonna start to slowly replenish that fund so it pays down the interest.

but it also pays down a little bit of the principal as well. So over time, it’s all of a sudden now you own a property completely outright. So, or when refinancing comes, maybe that’s your plan. Refinance, that refinancing, take the equity, plop it down, boom, you’ve replenished your opportunity fund for the next tier. So treat it with discipline. Remember, your emergency fund shouldn’t just wait for bad news.

You know, it’s not there for bad news. It should be ready for good news too and ready for those opportunities to pounce on.

I love that. and I want to almost say it in a slightly different way as well, just to kind of, you know, get people thinking is like, when we think about emergency fund, you feel like it’s taking away from your future building of net worth and building of assets when in reality it’s actually a part of the journey, right? So look at that emergency fund is like, it’s not only going to help you deal with the short term bad, but by building it effectively, it’ll actually help you get

closer to those investments and those assets a whole lot sooner. So look at it as a process, not as a thing that you need to check off before moving on to investing. It’s actually the very first step, the very first phase. So make sure that you’re thinking about it that way, because again, it’s the most important as you build your net worth, but also as you start thinking about your estate as

So just keep in mind that this wealth reservoir that we’re building doesn’t just help you today. It actually helps to become one of your most important estate planning tools. So not only is it gonna help you offset capital gains at death, that’s a massive benefit. Not only is it gonna provide you tax-free liquidity to your estate, but it’s also going to make sure that you preserve the real estate or other investments that you’ve created, that you’ve invested in for your heirs.

So create that multi-generational pool of family capital by working yourself through the tiers so that you can get yourself to a true wealth reservoir. And ultimately it really is the ultimate transformation. In stage one, it’s gonna protect you. Stage two, it’s gonna empower you. Stage three, we’re gonna keep compounding and it’s gonna compound for you. And finally by stage four, it’s actually gonna outlive you.

And that’s the magic of strategic liquidity like we’ve been talking about here today.

Yeah, I guess that’s tier four, you know, is it outlives you. So if you’re ready to transition from a basic emergency fund to a true wealth reservoir, here are a few next steps. One, take our our wealth health assessment, it’s actually going to show you exactly where your liquidity system may be weak or underutilized. We’re going to we’re going to assess you know, maybe the wealth reservoir area is where you need the most work or maybe it’s vision right now.

or maybe it’s strategizing. Take that assessment. You can do that over at canadianwellsecrets.com forward slash pathways. If you also are a ⁓ Canadian business owner or incorporated business owner, check out our free masterclass on building tax-efficient retained earnings and how to use those to your advantage. You can head on over for free over to canadianwellsecrets.com forward slash masterclass. And just as a reminder, the content you heard here

today is for informational purposes only. You should not construe any information as legal tax investment or financial advice. Kyle Pierce is licensed life and accident insurance agent and the president of corporate wealth management here at Canadian Wealth Secrets.

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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