Beyond the Rhetoric

In 2007, the world went boom. The real estate market in the US collapsed along with its banking system. In the wake of this was left the rest of the world. And Canada was no exception. This was also the year the Canadian government introduced to us the TFSA (tax free savings account). I’m not [...]

Last week, I mentioned I had a strategy of using whole life insurance as leverage. This strategy is the reason that every multi-millionaire and billionaire has purchased loads of whole life insurance over the course of their careers. It’s a strategy that’s simple to understand and accessible to every entrepreneur. It’s called the “corporate asset [...]

When you approach the world of finance, you’re going to encounter all sorts of different acronyms. This can be very confusing, even for the savviest of investors. In Canada, you might come across GICs, for example, which are Guaranteed Investment Certificates. You are guaranteed a certain interest rate on your investment for the defined period [...]

CPP, OAS, GIS, defined benefits, defined contributions… If you have them, take them while you can. The tools listed above are typically what people depend on for living out their retirement years. We’ve put money into them since the first day we worked and haven’t looked back. Unfortunately we haven’t looked at anything at all. [...]

If you have a bank account, there’s no way you haven’t heard that’s it’s currently RRSP season. This is the time of year when banks and financial advisors are calling you up to make sure you top up your contribution room so you can maximize your income tax return. And who doesn’t like a cheque [...]