Episode 276: The Psychology of the Smith Maneuver Keeping Canadians From Using Debt to Build Wealth

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What if the debt you think is “safe” is actually working against your wealth—while the debt you fear could help you build it?

Most Canadians don’t think twice about borrowing for a home or vehicle, yet the idea of borrowing to invest can feel dangerously different. In this episode, Kyle Pearce and Jon Orr unpack why that fear may have more to do with psychology than the actual mechanics of leverage—and how the Smith Maneuver can challenge the way you think about debt, risk, cash flow, and long-term wealth building.

You’ll discover:

• Why borrowing feels safer for cars and homes than for investments, even when those assets may offer far less financial upside.
• How the psychology of “payment-benefit matching” can influence your investing decisions, especially when using leverage.
• How to think more intentionally about leveraged investing, including cash flow, diversification, investor behavior, and choosing an approach you can actually stick with through market volatility.

Press play now to rethink what “risky” debt really means and build a smarter framework for using leverage in your wealth strategy.

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.

Building a strong Canadian wealth plan means looking beyond traditional saving and thinking strategically about how debt, taxes, investments, and cash flow work together to support financial freedom Canada, financial independence Canada, and a realistic early retirement strategy. In this episode of Canadian Wealth Secrets, Kyle and Jon explore the Smith Maneuver Canada, leveraged investing Canada, borrowing to invest, home equity investing, and tax deductible investment interest Canada as part of broader wealth building strategies Canada and building long-term wealth Canada. They examine how investor psychology can shape decisions around investment debt Canada, mortgage debt strategy, leveraged investing risks, financial buckets, and an investment bucket strategy, while also highlighting the importance of tax-efficient investing, tax efficient investing Canada, Canadian tax strategies, capital gains strategy, and thoughtful financial diversification Canada. For business owners and incorporated professionals, these ideas connect closely with Canadian entrepreneur finance, corporate wealth planning, personal vs corporate tax planning, business owner tax savings, corporation investment strategies, corporate structure optimization, and financial systems for entrepreneurs. A complete long-term strategy may also include RRSP optimization, optimizing RRSP room, salary vs dividends Canada, real estate investing Canada, real estate vs renting, passive income planning, retirement planning tools, legacy planning Canada, estate planning Canada, financial vision setting, and modest lifestyle wealth—all working together to create a more intentional, tax-aware approach to Canadian wealth building.

Transcript:

Kyle Pearce: All right, John. I wanted to have a quick little chat with you because you know, we’ve got a ton of people in the Canadian Wealth Secrets community who are all about this idea of leveraged investing, specifically around the Smith Maneuver. All right. First and foremost, Smith Maneuver. We love the idea. Keeping in mind, we want to make sure everybody’s clear — we’ve got so much content. So, you know, look in the description below. We’ve got links to some of our other Smith Maneuver content, but in general.

Kyle Pearce: You own a primary home. You are paying this interest every month. Every month you’re paying down principal and interest, but the interest is not tax deductible. As we build equity in the home, if we re-borrow against the home and invest those dollars somewhere, whether it’s in my business, rental properties, the stock market, anything like that. And it has to be unregistered. So we can’t put it in an RSP or a tax-free savings account. We are able to then write off the interest. So non-registered accounts, we can do this with the intent to make money. Okay. Don’t try to get pretty here and be like, how do I do this without actually investing? Like you gotta actually want to invest, which means it’s a little bit of risk there. So you’ve got kind of like two sides to this coin. You’ve got like the risk of borrowing, right? Which is you’re borrowing. Can I service this debt? But then you also have to put it into something. Does my business belly up? Does the investment belly up? Does the rental property’s roof cave in? Like all of these things are risks, but we’re able to write off that interest.

Kyle Pearce: First and foremost, I want to make sure that we’re clear here. You get to write off the interest on any borrowed or leveraged investment. So it doesn’t have to be against your home. Some people will call and they’ll be like, I want to do this and I want to write off interest. I’ve got a rental property. Can I do the same thing? I’m like, do you have a mortgage on it? They say yes. And I’m like, you’re already doing it. You can write off the interest. And if you’re not, you need to get an accountant because you should be doing that, right? So it’s not special here. It’s just we’re applying this idea of leveraged investing, which means the interest is tax deductible. And we’re doing it against our primary home, which happens to be sometimes where the vast majority of people’s net worth here in Canada resides, even high net worth Canadians, because they just own bigger and more expensive homes.

Jon Orr: And I think an important note, and this is where the people think of how risky this becomes, or at least just thinking about it differently. Because some people take a step back. If you try to explain this to a person who hasn’t thought about it before, and a person who doesn’t invest regularly, they’re like, wait a minute. Because really what you’re doing is yes, you are writing off interest against that income that you would normally not be able to do by doing the Smith maneuver. But you’re also — what you’re doing is you’re taking the equity in the investment you already have, which is your home, your primary residence, and you’re transferring that equity into a different investment bucket. You’re saying, hey, I’ve been growing this investment, because maybe my property’s been appreciating, maybe an average 3% per year over this many years. That is doing something over there. And you’re saying, I’m gonna move that into a different investment, and hopefully I’m gonna make more than that. And more than the interest as well that I’m paying on the loan on the borrowed funds. So what you’re doing is you’re not only just saying I’m gonna write off interest, but I’m actually making the conscious decision that I’m choosing to move dollars, net worth dollars into a different asset class.

Kyle Pearce: Absolutely. And here’s the interesting aspect of that whole thing is that, you know, a lot of times people will do one or the other with their money, right? Like some people be like, I’m going to buy a primary home. Like that’s a big goal for a lot of people, not everybody, but for a lot of people. Even though, keep in mind, the primary home is not an investment. I’m going to say it again. It is not an investment. It holds value, it goes up in value over time. But boy, does it have a lot of costs and expenses that we just kind of pretend aren’t there, right? Like, you know, we got property tax, we’ve got, you know, the fixing and doing all of these things. You lose money. You’re gonna make out better if you just rent.

Kyle Pearce: Now, I own my home. I love my home. We have no intent — we talk about that all the time. So no judgment, but just make sure you’re not tricking yourself. Here’s what a lot of people do, and a lot of Canadians do — is we put a lot of our money into our home and we leverage a lot against this home. But then as we pay down the mortgage on this home, we get scared to borrow money against the home to put it into an actual investment. So I wanted to make sure I’m clear on that. We didn’t take it out of an investment. We took it out of an expense known as our primary home. And we’re going to put it into an investment and we’re going to get a chance to write off the interest on the balance that we invest.

Kyle Pearce: The crazy part is that most people are too scared to do that. Yet they were not scared to take out a $750,000 mortgage against an expense known as the primary home worth a million dollars, right? And for a lot of people, it’s even higher, especially if it’s the first time that they’re buying. They might put 10% down or 5% down. But you take out three quarters of a million dollars, you borrow that money, and as you pay it down and you build equity in your home, there are so many people who leave that debt equity there and they’re scared to borrow against their home to put it into something that actually appreciates over time, known as the investment.

Kyle Pearce: Now, I’m not suggesting Bitcoin. I’m not suggesting stock picking. I’m not suggesting any of that. And actually, I would even suggest, even if you’re a DIY investor, if you’re borrowing against your home, maybe you hand it off to a management team, maybe like ours here at Canadian Wealth Secrets. So that you don’t make any of the behavioral mistakes that the vast majority of investors make. But think of it this way: we routinely take mortgages out against our home. We routinely take out car loans against $100,000 vehicles, right? That are going to be worth zero in 14, 15 years, right? Or close to zero. We take out $100,000 loans against these things, we can’t write off the interest, and we’d have nothing left at the end of that 15-ish years except for maybe a $1,000, $3,000 trade-in. But yet we will not take $100,000 out again of equity from our home, put it into an actual investment that has proven over time to go up in value significantly more than the housing market does without other expenses.

Kyle Pearce: And like that is considered or deemed risky to most people. So today, in today’s episode, basically what we want to sort of highlight for so many of you that are out there listening today is that of course, if you’re in a cash flow crunch, right, and you’re not able to, you know, maintain the interest that you might have to pay on borrowing against your primary home, the reality is we have to shift our thinking around what we feel safe borrowing against and what we feel is risky. Now I can get in trouble — this is not advice, not investment advice, not financial advice, not legal advice or accounting advice. But what I will tell you is it is way more risky to take out a loan against a car than it is to take a loan against the S&P 500 and investing in all the businesses that exist out there.

Kyle Pearce: So today, as we’re kind of digging into the Smith maneuver a little bit, really what we want to do is we want to get you sort of more accustomed to this idea of what leveraged investing really looks like and sounds like. What are the real risks of using leveraged investments? And how can we maybe flip our mindset around a little bit on what does it mean when we’re using leverage? And why is it okay for us as Canadians to take out large amounts of debt against our school, against our cars and against our homes and consumer debt, but feel so adverse to possibly borrowing against equity that we’ve built in our own home in order to grow our net worth over time and reduce our overall tax bill.

Kyle Pearce: So we’ve said the thing. You’re already a heavy user of leverage. You’re just using it on the wrong stuff. So let’s actually prove that. We’re gonna rank these side by side and see if the fear still holds up.

Jon Orr: Yeah. So let’s make it concrete. The cleanest way to expose this backwards thinking is to line up a few things we borrow for and then rank them against actual risk.

Kyle Pearce: So let’s go to the car first, because that’s really the easiest, you know, low-hanging fruit here. We routinely take out large loans. I tend not to do this, but I know a lot of people do. I would say in general, I see lots of people with $100,000 cars, you know, maybe 0% down or $0 down on vehicles. And unfortunately, the vehicle we know is a guaranteed loser, right? Over time. In 14, 15 years, it’s gonna be worth almost nothing. And not only that, but you’re also putting money into it, right? Over time. Like we’re actually, you know, it’s like a rental property that never gives you any income. So you know, you might have a thousand bucks, three thousand bucks coming back to you. You don’t even consider it and you can’t write off the interest. So you’ve borrowed six figures, you’ve paid non-deductible interest the whole way through, and you end up with essentially nothing.

Jon Orr: The funny thing is that nobody calls this risky. It’s like it’s part of what we do in our world, right? It’s like, hey, you get a car, well I go borrow money to get the car. But if you think about it in terms of investment, it’s like you’re investing in something. It’s just you’re investing in like an expense that you’re never gonna get your money back on. But you’re still putting money somewhere and you’re getting value from that money. It’s just not a return. You get utility. You get to use that car every single day. But no one really thinks about risk there. Like what’s the risk — there’s no risk associated with borrowing to get a car because it’s borrowing for an expense.

Jon Orr: I think the same is true about a house, right? It’s like no one really bats an eye that you’re borrowing hundreds, if not millions, of dollars to buy a house. But you live in the house. Like there’s utility, there’s value in the house. But it’s like even though when you borrow that money, you’re imagining down the road that I’m going to get more value in my house. Like I can sell that house for more value down the road. And therefore it is an investment. But no one bats an eye that you borrow a ton of money to go buy that investment.

Jon Orr: But so it’s like there’s a hierarchy here, right? So it’s like borrowing a car feels super risky because all you’re doing is dumping money into this expense you’re never gonna get back. Borrowing for a house is like — still no one’s batting an eye, but at least you think and you hope and you cross your fingers that if I hold on to this real estate long enough, I’m gonna get value back into that. But you’re still putting dollars into this thing that is still gonna suck money out of your investment. It’s not really an investment. We talked about that earlier. So like there’s a little bit of hierarchy there.

Jon Orr: But here’s the part that is hard to think about — if you took the same money, like a hundred thousand for that car, well you’re buying a really nice car, or the many hundreds of thousands for that house, and you said, I want to borrow, but I’m gonna put it in the S&P 500, which returns an average of like twelve percent a year over a timeline of like twenty to thirty years, that’s super risky. No way I’m doing that. Like the average person is never going to agree with you that that’s a good move. But it is a good move to buy your house and it’s a good move to buy this car — you’re never gonna get a dollar back.

Kyle Pearce: Right, a hundred percent. And I think a lot of it too is again, like there’s this aspect of like, well, what am I working for? Like I’m working to enjoy my money. So I want to get a nice car. I need a car because I need to, you know, commute to work. And, you know, the American dream, the Canadian dream is to own your own home. Right. And ultimately at the end, like we don’t necessarily disagree with those things, but the reality is that the home isn’t an investment. It’s actually an expense. It costs money to have. And it’s great that it’s gonna be worth something later, assuming that you keep it up in good repair and so forth. But the car is gonna be worth zero.

Kyle Pearce: But then when we introduce the idea of leveraged investing — and again, we’re not talking like leveraged investing into, you know, GameStop. We’re not saying into these meme coins or even into Bitcoin, even though there’s some people out there that are huge Bitcoin fans. We’re talking about like a diversified portfolio across many different companies, potentially even many different economies, right? Around the world, it gets really risky and it’s really scary when in reality, at the end of the day, we know the car’s going to zero, but yet that same hundred thousand dollars in the market may go to fifty thousand dollars for a time. And of course, it’s the very next day after you do a leveraged investment, right? You have to always remember that the universe is gonna get you, you know, and try to test you a little bit. But ultimately, at the end, unless you don’t trust that the economy will eventually rebound, ultimately it will be worth more than the hundred thousand dollars that you invested.

Kyle Pearce: So when we talk about the real risk — I think, you know, when we think of the investment itself, yes, if we pick a single stock or if we think we’re gonna be captain stock picker, sure, your portfolio could go to zero. And you’ll be left in the same spot as the car, you know, which is with nothing. And you didn’t drive to work with the thing. But ultimately, at the end of the day, you know, we want to at least get you thinking about these things because the reality is for the right people — and I think this is really important — like leveraged investing is not something for, you know, if you’re having a hard time making ends meet, you have credit card debt, you’re having a hard time getting your wheels going. Like, probably not a great move.

Kyle Pearce: But specifically to those who do maybe have a home with equity in it, or if you have a lot of money in the bank, of course, you’re not borrowing to invest if you just take that money and put it into the market. But specifically to those people who do own their primary homes and have a lot of debt equity in it, it’s certainly something that you should grapple with in your mind. We don’t want you to go and run into the market tomorrow and do something crazy and not think about it. But if you really wrap your head around it, the idea of borrowing to invest in a diversified portfolio is likely the least risky of the borrowing that you’ve done to date.

Jon Orr: Yeah. Now I was constantly like wondering why. Like why is this the case? You know? Like why do we borrow for that but not for that? And is there something in us — like what’s the reason here? Like where’s the behavioral economics portion to this? Like this is one of the things I think I’m always constantly thinking about is like what are these reasons that are ingrained in us. And so like what’s the psychological effect here?

Jon Orr: And I think I remember thinking that before I kind of dug a little bit into this is that there’s gotta be some sort of utility. Like I said, when you buy the car, you’re attaching the value to the car. You’re like, okay, I can see the value of the car, I get the value of the car. And I think when we were talking about this before recording, you were kind of talking about like consumerism. It’s like, we’re in this consumerism culture. But actually, it’s not actually utility or consumerism, but the real mechanism here is more specific than what we’ve guessed. Two behavioral economists, Pralik and Lowinstein, wrote a paper back in the late nineties. And the idea is that we don’t weigh borrowing rationally.

Jon Orr: Mentally, we pair — we mentally pair every payment with whatever we’re buying. And we want that pain of paying to line up in time with the benefit we’re getting. So they call this like a prepayment or payment benefit matching program or system. And they proved it with a great example. So here’s the example. They asked people how they’d rather pay for a twelve hundred dollar washer or a twelve hundred dollar vacation. And for the washer, most people wanted to pay it off over time. Like they wanted installments. They were like, they want to finance it. But for the vacation, most people wanted to prepay for this thing. They wanted to get it out of the way before they went. Same price. Opposite instinct.

Jon Orr: Like the washer or dryer, it sits in your house. But what’s happening — I think what you were saying is like the dopamine hit. But like it’s delivering value to you every single week while you pay it off. And there’s the payment. They’re connected because it’s like I’m paying for this thing and I’m getting value out of it. Same as like a car loan, right? You’re paying monthly for the car loan, your house, your mortgage. Like you’re pairing the value to the payment. And that’s part of it. So the debt feels justified and you see the justification every single day.

Jon Orr: Now, on the other hand, the vacation is like you have this short window and you pay for it. Like imagine you were paying for it over time. It’s like the vacation’s already gone. And now you’re paying for it, and that hurts, right? That hurts to pay for this vacation after the fact. So I want to pay for it up front. Because then I don’t have to think about it or pair it because I’m not getting any value for the pairing of the payment afterwards.

Jon Orr: So that’s part of this study that they did. And it’s like now, so when you think about that, about why that makes sense for your house and your car, but it also explains why you might not be seeing exactly that pairing when you invest the money. It’s like the vacation. You put it away and you’re saying that’s for retirement, that’s for later. And you’re not seeing, like you’re putting that value over there, but you’re not getting any sort of value or you’re not seeing that usefulness on the payment matching system. So if you’re say monthly contributing or you’re borrowing monthly, like the Smith maneuver, like we talked about at the beginning, and I’m putting it over here, then I’m seeing the payment go, which hurts, but I’m like, where is it attached to? It’s like the vacation. I don’t feel like it. Like it’s not — so then it’s like I’d rather not do that.

Kyle Pearce: And that’s part of this psychological effect that’s happening to us — is that we want to make the payment match the value in real time.

Kyle Pearce: Wow, you know what? And it’s funny too, because if you think about the vacation scenario, I got a sneaky suspicion these people were doing the vacation within the next year that they were going on this vacation. Whereas like with leveraged investing, you take this big chunk of money and the vacation is like 15, 20, 30 years from now, like in your quote unquote retirement or your financial freedom years. So I have a sneaky suspicion if they said, hey, how would you like to pay off a vacation 15 years from now? You know, most people be like, I don’t want to pay it at all. I’m just gonna pay it when I get there, right? And I think that also kind of explains things a little bit.

Kyle Pearce: And it also it’s interesting too, because when you dug into that research, like what pops into my mind immediately is that I much rather, for any of my Smith-maneuvered investments, any of my levered investments that I’ve made over time — I’ve used leverage against policies in my corporation for investments. Because I’m paying an interest to borrow those funds, even though I could be invested in a corporate class ETF, or I could be invested in something that doesn’t cash flow but has capital gains over time. When I see that paper value there, even though it’s growing, I’m not seeing by how much. I see it daily, and that’s sometimes painful. Cause like daily, like today, Microsoft’s down 1.4%. That’s not fun to look at. Or maybe the market’s up or down. When the market’s up, you probably feel great. But then you’re like, but I can’t remember how much was it up last week or how much was it down last week? It’s really hard to keep track of.

Kyle Pearce: So what I’ve found is that finding enough assets and enough ETFs that have enough distribution, specifically return of capital type distribution, so that I’m not actually unnecessarily being taxed on interest or on dividends, but I have enough there so that I can see the amount coming in every month is actually more than the interest I’m paying on the borrowed asset. And then any of the other growth is a bonus, it’s an asset.

Kyle Pearce: So this might also like trigger some people out there who may have been like exploring the differences — there’s like sort of two camps out there. There’s the growth investors who are like, don’t get dividends. And we’ve got an episode explaining dividends and the fact that, you know what, you’re just kind of like taking a piece of a chocolate bar and then, you know, the value goes down. You have less chocolate there when you take that dividend. And if you’re not retired, it doesn’t really make sense. But from like a psychological perspective, I like to see that when I’m paying interest on leveraged investments, I like to see that there’s at least that amount or more being accumulated inside the investment account. And I try to do it tax efficiently where I can.

Kyle Pearce: But at the end of the day, even if it was taxable, I think from the behavioral aspect of it, for a guy like me, I tend to be that guy. Like I want to see that, hey, if I’m gonna borrow money and I’m gonna pay money in order to invest over here, I like to see that like monthly sort of income coming in that shows that the decision I’ve made is actually putting me further ahead from an income standpoint than just say a growth standpoint. So I find that research really interesting. And those who are listening out there, this is where, you know, some of our episodes and some of our YouTube content that we’ve created recently might be really helpful for you to dig into to determine who are you as an investor?

Kyle Pearce: And it’s interesting because you might be a different investor depending on the bucket. Like when you have cash that you’re taking from your paycheck or from your business or from any of that money that’s coming in, you may make different choices on what to invest in or what kind of investments you want to make. That doesn’t always come down to what’s going to be the greatest return. And the same is true when we look at leveraged investing. Your decision on what you might invest in may not be the highest yielding, or it may not historically have the greatest return. And also to our low-cost ETF DIYers out there, like it’s great to save fees, but remember, like fees is just a part of the puzzle, right? It depends on what it is that you’re trying to achieve.

Kyle Pearce: And if I can get a bigger pile in the end by doing different moves, and in this particular case, looking at psychology and looking at the research to say, you know what? If I am considering leveraged investments, something else that we dig into is like maybe it might make sense that that bucket isn’t a DIY bucket. Maybe it’s a bucket that you have a trusted wealth advisor that’s actually managing it for you so that you make less silly moves along the way when there’s volatility.

Jon Orr: For sure, for sure. And I think it’s extremely helpful to understand who you are, and know what bucket you want to like dabble in with say that strategy. We talked about that a few episodes ago about buckets and strategies per bucket. But I think part of it is knowing how you respond in certain situations can help you decide that. Like I think when we were reflecting too about like the tangibleness, the payment method matching, pairing with the purchase, like or the borrowing aspect — I think that’s why you got so heavily into real estate early in your career, because it’s like you can see and touch this thing, and then there’s a payment attached to it every single month. Like you can see it, you can feel it. It’s tangible to you, and that’s like the car.

Jon Orr: It’s like I’m okay borrowing money to buy real estate because of that tangibleness in you. And it’s same with your, you know, the idea of dividend type investing or high dividend type investing in terms of seeing a monthly payment come and roll into that account every single month because I’m attaching the hurt of the loan to the benefit of the cash flow that you’re getting on a regular basis. It helps kind of minimize this. And understanding that can actually help you make better decisions as an investor.

Kyle Pearce: Absolutely. And, you know, the final thing I’ll mention too is the idea of the scoreboard, right? And, you know, this idea of any investment, especially in the public markets, right? It’s like there’s always a score on that board. And depending on what you’re investing in, if let’s say there is no income being generated from that investment, that scoreboard can make you feel really bad, right? Like no one feels really good when you’re having a really bad game.

Kyle Pearce: And you know, every single day of the week the market’s open is a game. And some days you’re winning and some days you’re losing. And some games you’re winning by a lot and some games you’re losing by a lot. And, you know, for some people, just seeing a steady, flat amount of income coming in can help them to feel like, hey, this is a longer term game. Even though they’re seeing month by month a certain amount of income is coming in, it might allow you to minimize what the score is on the scoreboard.

Kyle Pearce: Your car doesn’t have a big for sale sticker on it during all those times when, you know, every day the value of your car is actually going down. Like every day you wake up, that car is worth less than it was the day before, but you don’t feel nearly as bad as you do when you see the score on the investment scoreboard and it’s down that day. And the same can be true in the housing market, specifically in some markets, the condo markets right now in Ontario in GTA, I should say, and in Vancouver, a lot of people are like, holy smokes, even though there’s no sticker on it, all of the headlines are telling you that, my gosh, the value of this property is down right now. Those are all scoreboards.

Kyle Pearce: So if we can think about how can I control my own investor behavior. And for me, with leverage, it always comes down to — hey, am I earning more income than I see going out the door? That is a massive win. And the same is true for anyone running a business out there, right? You know, you’re like, hey, if my top line revenue is growing, even if my expenses are high or my expenses are growing, and you just see that profit, there’s an arbitrage or there’s a margin there that you know that things are still going well, it certainly helps you to stay true to your plan, whatever that plan may look like and sound like.

Jon Orr: You got it. You got it. So, you know, if someone in your life right now is wrestling with the Smith maneuver, and that might be you, or they’re freezing up at the mention of leverage and leveraged investing, send them this episode. Share it with them. Share it with them maybe the same way you saw this. Like maybe it’s just an email. Maybe it’s a message on the platform that you saw this first on. It might be the reframe that unlocks their next move or your next move.

Jon Orr: And if you want, say, us to have a peek — because what we do is we, you know, us here at Canadian Wealth Secrets, we aim to develop a holistic financial plan for everyone and help map personal assets, corporate structures, cash flow, and retained earnings to ensure you hit financial independence on the timeline you’re setting for yourself. And what we do is we meet with people on a regular basis to help them map what that looks like for them and their unique constraints. So if you would like a financial wealth planning call where we on that call map those assets, those liabilities, the corporate assets you own, all of those components and we find that low hanging fruit for you on that call, then click the links below and we’ll be talking soon.

Jon Orr: Just as a reminder, the content you heard here today is for informational purposes only. You should not consider this information as legal, tax, investment, or financial advice. One more reminder, Kyle Pearce is a licensed life and accident and sickness 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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