@aravindsitham.bsky.social
Business owners have been told that RRSP's are not a good place to invest & instead hold it in their corp.
That information is outdated.
The RRSP is amazing. True dollar for dollar tax deferral is just one of many reasons why.
Check out the article to learn more! (Link below)
That information is outdated.
The RRSP is amazing. True dollar for dollar tax deferral is just one of many reasons why.
Check out the article to learn more! (Link below)
February 22, 2025 at 1:42 PM
Business owners have been told that RRSP's are not a good place to invest & instead hold it in their corp.
That information is outdated.
The RRSP is amazing. True dollar for dollar tax deferral is just one of many reasons why.
Check out the article to learn more! (Link below)
That information is outdated.
The RRSP is amazing. True dollar for dollar tax deferral is just one of many reasons why.
Check out the article to learn more! (Link below)
Plugin for youtube videos faster than 2X speed? YES PLEASE
February 2, 2025 at 5:36 PM
Plugin for youtube videos faster than 2X speed? YES PLEASE
January 26, 2025 at 1:07 PM
If you are a sales rep looking to calculate your net income for tax planning and RRSP planning - this article's for you!
www.linkedin.com/pulse/using-...
www.linkedin.com/pulse/using-...
Using your paystub to calculate your net income - Sales Rep Edition
Being a sales rep means your income can be amazing one year and down in the dumps the next. It makes for a challenging year over year BUT it also means that there is a lot more value in understanding ...
www.linkedin.com
January 16, 2025 at 2:53 AM
If you are a sales rep looking to calculate your net income for tax planning and RRSP planning - this article's for you!
www.linkedin.com/pulse/using-...
www.linkedin.com/pulse/using-...
A write up for how as a midwife you can think about calculating your net taxable income.
Enjoy!
www.linkedin.com/pulse/calcul...
Enjoy!
www.linkedin.com/pulse/calcul...
Calculating Your Net Taxable Income as a Midwife (or Sole Proprietor)
As we enter RRSP Season this is a big planning time for midwives. It can allow them to determine how much in tax they will owe and what their marginal tax bracket is to figure out whether additional R...
www.linkedin.com
January 13, 2025 at 11:08 PM
A write up for how as a midwife you can think about calculating your net taxable income.
Enjoy!
www.linkedin.com/pulse/calcul...
Enjoy!
www.linkedin.com/pulse/calcul...
It's 2025 and here are some things that still surprise me as "not commonly understood about investing".
- Fees matter
- Diversification matters
- Taxes Matter
- No one can tell the future
If you can really embrace these concepts - you'd be shocked at how far you can get ahead.
- Fees matter
- Diversification matters
- Taxes Matter
- No one can tell the future
If you can really embrace these concepts - you'd be shocked at how far you can get ahead.
January 3, 2025 at 9:52 PM
It's 2025 and here are some things that still surprise me as "not commonly understood about investing".
- Fees matter
- Diversification matters
- Taxes Matter
- No one can tell the future
If you can really embrace these concepts - you'd be shocked at how far you can get ahead.
- Fees matter
- Diversification matters
- Taxes Matter
- No one can tell the future
If you can really embrace these concepts - you'd be shocked at how far you can get ahead.
Key moments like a new year, a birthday, or a major milestone are a great chance to stop, reflect, and set new goals.
Setting the goal is only half the battle.
Today - let's talk about the challenges as a Business Owner in TAKING ACTION after you set your SMART Goals.
Setting the goal is only half the battle.
Today - let's talk about the challenges as a Business Owner in TAKING ACTION after you set your SMART Goals.
January 1, 2025 at 8:39 PM
Key moments like a new year, a birthday, or a major milestone are a great chance to stop, reflect, and set new goals.
Setting the goal is only half the battle.
Today - let's talk about the challenges as a Business Owner in TAKING ACTION after you set your SMART Goals.
Setting the goal is only half the battle.
Today - let's talk about the challenges as a Business Owner in TAKING ACTION after you set your SMART Goals.
The most common phrase I hear from prospective clients is "we want our money to 'DO MORE'".
Here are the 5 most common mistakes I see people make with their cash that are keeping them from growing their net worth quicker.
Follow these steps to put your hard earned money to work...FOR YOU👇
Here are the 5 most common mistakes I see people make with their cash that are keeping them from growing their net worth quicker.
Follow these steps to put your hard earned money to work...FOR YOU👇
December 24, 2024 at 3:22 PM
The most common phrase I hear from prospective clients is "we want our money to 'DO MORE'".
Here are the 5 most common mistakes I see people make with their cash that are keeping them from growing their net worth quicker.
Follow these steps to put your hard earned money to work...FOR YOU👇
Here are the 5 most common mistakes I see people make with their cash that are keeping them from growing their net worth quicker.
Follow these steps to put your hard earned money to work...FOR YOU👇
If your first question is "Can my budget afford it"...
Whole Life Insurance is the wrong choice for you.
Whole Life Insurance is the wrong choice for you.
December 12, 2024 at 4:34 PM
If your first question is "Can my budget afford it"...
Whole Life Insurance is the wrong choice for you.
Whole Life Insurance is the wrong choice for you.
For retirement savings - RRSP's will be better than TFSA's for most working full time adults.
Even more so if kids are in the picture.
Even more so if kids are in the picture.
December 8, 2024 at 6:54 PM
For retirement savings - RRSP's will be better than TFSA's for most working full time adults.
Even more so if kids are in the picture.
Even more so if kids are in the picture.
Why does due diligence on alternative investments (Specifically retail funds offering investments like Private Real Estate, etc) sometimes feel like a game of those Russian nesting dolls?
You ask 1 question and the information they give you makes you want to learn and understand 2 more questions...
You ask 1 question and the information they give you makes you want to learn and understand 2 more questions...
December 2, 2024 at 9:00 AM
Why does due diligence on alternative investments (Specifically retail funds offering investments like Private Real Estate, etc) sometimes feel like a game of those Russian nesting dolls?
You ask 1 question and the information they give you makes you want to learn and understand 2 more questions...
You ask 1 question and the information they give you makes you want to learn and understand 2 more questions...
Just got the family a Nintendo Switch (Many years behind - we know we know).
But oh boy - goodbye productivity.
But oh boy - goodbye productivity.
November 30, 2024 at 11:43 PM
Just got the family a Nintendo Switch (Many years behind - we know we know).
But oh boy - goodbye productivity.
But oh boy - goodbye productivity.
Here's why I'm a fan of CPP/OAS
It's not because it's the best return vs investments.
It's because it's an excellent complement TO my investments.
Guaranteed income & inflation protection when markets are down is a great retirement hedge.
Retirement income diversification ✅
It's not because it's the best return vs investments.
It's because it's an excellent complement TO my investments.
Guaranteed income & inflation protection when markets are down is a great retirement hedge.
Retirement income diversification ✅
November 30, 2024 at 8:33 PM
Here's why I'm a fan of CPP/OAS
It's not because it's the best return vs investments.
It's because it's an excellent complement TO my investments.
Guaranteed income & inflation protection when markets are down is a great retirement hedge.
Retirement income diversification ✅
It's not because it's the best return vs investments.
It's because it's an excellent complement TO my investments.
Guaranteed income & inflation protection when markets are down is a great retirement hedge.
Retirement income diversification ✅
Many people will get a small amount of life insurance early on (smaller mortgage, smaller income, a spouse but no kids etc).
They never think to reassess their life insurance needs.
By the time I meet them - health conditions make new insurance expensive.
Stay on top of this!
They never think to reassess their life insurance needs.
By the time I meet them - health conditions make new insurance expensive.
Stay on top of this!
November 27, 2024 at 4:36 PM
Many people will get a small amount of life insurance early on (smaller mortgage, smaller income, a spouse but no kids etc).
They never think to reassess their life insurance needs.
By the time I meet them - health conditions make new insurance expensive.
Stay on top of this!
They never think to reassess their life insurance needs.
By the time I meet them - health conditions make new insurance expensive.
Stay on top of this!
I've had ppl on all platforms say "this isn't compounding - it's just high returns over the past 2 years"!
1) We see lots of high/low returns. Still need to be invested.
2) You had to compound over the past 15+ years to get to here where the invested capital was high enough to ride this 2 years.
1) We see lots of high/low returns. Still need to be invested.
2) You had to compound over the past 15+ years to get to here where the invested capital was high enough to ride this 2 years.
I previously mentioned some of my midwifery clients who are mid-40's approaching $1,000,000 in their RRSP's.
The crazy thing for them is this.
End of 2022 - a lot of those portfolios were 600K-700K
1 year & 10 months added HUNDRED'S OF THOUSANDS 👀
Don't underestimate compounding.
The crazy thing for them is this.
End of 2022 - a lot of those portfolios were 600K-700K
1 year & 10 months added HUNDRED'S OF THOUSANDS 👀
Don't underestimate compounding.
November 26, 2024 at 4:49 PM
I've had ppl on all platforms say "this isn't compounding - it's just high returns over the past 2 years"!
1) We see lots of high/low returns. Still need to be invested.
2) You had to compound over the past 15+ years to get to here where the invested capital was high enough to ride this 2 years.
1) We see lots of high/low returns. Still need to be invested.
2) You had to compound over the past 15+ years to get to here where the invested capital was high enough to ride this 2 years.
I previously mentioned some of my midwifery clients who are mid-40's approaching $1,000,000 in their RRSP's.
The crazy thing for them is this.
End of 2022 - a lot of those portfolios were 600K-700K
1 year & 10 months added HUNDRED'S OF THOUSANDS 👀
Don't underestimate compounding.
The crazy thing for them is this.
End of 2022 - a lot of those portfolios were 600K-700K
1 year & 10 months added HUNDRED'S OF THOUSANDS 👀
Don't underestimate compounding.
November 25, 2024 at 2:16 PM
I previously mentioned some of my midwifery clients who are mid-40's approaching $1,000,000 in their RRSP's.
The crazy thing for them is this.
End of 2022 - a lot of those portfolios were 600K-700K
1 year & 10 months added HUNDRED'S OF THOUSANDS 👀
Don't underestimate compounding.
The crazy thing for them is this.
End of 2022 - a lot of those portfolios were 600K-700K
1 year & 10 months added HUNDRED'S OF THOUSANDS 👀
Don't underestimate compounding.
@blueskyisland.bsky.social
I'm not "that" special. But up and coming fintwitter (Took it seriously about 2 years ago) and looking to try to be quick on the scene here.
Looking forward to this
I'm not "that" special. But up and coming fintwitter (Took it seriously about 2 years ago) and looking to try to be quick on the scene here.
Looking forward to this
November 25, 2024 at 2:13 PM
@blueskyisland.bsky.social
I'm not "that" special. But up and coming fintwitter (Took it seriously about 2 years ago) and looking to try to be quick on the scene here.
Looking forward to this
I'm not "that" special. But up and coming fintwitter (Took it seriously about 2 years ago) and looking to try to be quick on the scene here.
Looking forward to this
I finally hit the gym after a month of sickness and other challenges.
It hurt...but that hurt was such a good familiar feeling.
Many of us at the gym learn to love that feeling.
That same "pain" can exist in personal finance.
What if we learned to "love the pain" there too?
(blog linked below)
It hurt...but that hurt was such a good familiar feeling.
Many of us at the gym learn to love that feeling.
That same "pain" can exist in personal finance.
What if we learned to "love the pain" there too?
(blog linked below)
November 24, 2024 at 8:55 PM
I finally hit the gym after a month of sickness and other challenges.
It hurt...but that hurt was such a good familiar feeling.
Many of us at the gym learn to love that feeling.
That same "pain" can exist in personal finance.
What if we learned to "love the pain" there too?
(blog linked below)
It hurt...but that hurt was such a good familiar feeling.
Many of us at the gym learn to love that feeling.
That same "pain" can exist in personal finance.
What if we learned to "love the pain" there too?
(blog linked below)
I have a handful of midwives who are mid-40's approaching $1,000,000 in their RRSPs.
What they did:
- Maxed out their RRSP's
- Invested in a diversified index portfolio of mostly stock
- Stayed aggressive & invested through all the market ups and downs
Stick to your plan!
What they did:
- Maxed out their RRSP's
- Invested in a diversified index portfolio of mostly stock
- Stayed aggressive & invested through all the market ups and downs
Stick to your plan!
November 22, 2024 at 3:53 PM
I have a handful of midwives who are mid-40's approaching $1,000,000 in their RRSPs.
What they did:
- Maxed out their RRSP's
- Invested in a diversified index portfolio of mostly stock
- Stayed aggressive & invested through all the market ups and downs
Stick to your plan!
What they did:
- Maxed out their RRSP's
- Invested in a diversified index portfolio of mostly stock
- Stayed aggressive & invested through all the market ups and downs
Stick to your plan!
I have a client with a concentrated dividend paying Canadian stock held at a substantial loss in a non-registered account they came to me with.
The recommendation for this client from a PLANNING purpose was to sell the stock & lock in the loss.
Here are the details 👇🧵
The recommendation for this client from a PLANNING purpose was to sell the stock & lock in the loss.
Here are the details 👇🧵
November 21, 2024 at 6:23 PM
I have a client with a concentrated dividend paying Canadian stock held at a substantial loss in a non-registered account they came to me with.
The recommendation for this client from a PLANNING purpose was to sell the stock & lock in the loss.
Here are the details 👇🧵
The recommendation for this client from a PLANNING purpose was to sell the stock & lock in the loss.
Here are the details 👇🧵
"Pay dividends and leave as much in the corp as possible" is very common advice. It's not all bad...but it could result in you paying tens of thousands of dollars in extra tax.
I'll break down:
- Write offs (briefly - I'm not a CPA)
- Dividends
- Leaving money in the corp
👇
I'll break down:
- Write offs (briefly - I'm not a CPA)
- Dividends
- Leaving money in the corp
👇
November 20, 2024 at 5:38 PM
"Pay dividends and leave as much in the corp as possible" is very common advice. It's not all bad...but it could result in you paying tens of thousands of dollars in extra tax.
I'll break down:
- Write offs (briefly - I'm not a CPA)
- Dividends
- Leaving money in the corp
👇
I'll break down:
- Write offs (briefly - I'm not a CPA)
- Dividends
- Leaving money in the corp
👇
Reviewed a statement with a concentrated BCE position that is at a large loss.
The worst part for this person wasn't the loss itself.
It was that because of the dividend - they had been paying tax along the way while losing money.
Losses on losses.
More planning to come.
The worst part for this person wasn't the loss itself.
It was that because of the dividend - they had been paying tax along the way while losing money.
Losses on losses.
More planning to come.
November 19, 2024 at 11:39 PM
Reviewed a statement with a concentrated BCE position that is at a large loss.
The worst part for this person wasn't the loss itself.
It was that because of the dividend - they had been paying tax along the way while losing money.
Losses on losses.
More planning to come.
The worst part for this person wasn't the loss itself.
It was that because of the dividend - they had been paying tax along the way while losing money.
Losses on losses.
More planning to come.