One of the first big planning questions corporation owners face is: Should I pay myself salary or dividends? It sounds simple. It is not. And anyone who gives you a one-size-fits-all answer is probably skipping over the parts that matter. Salary and dividends are both ways to get money out of your corporation, but they […]
Salary vs. Dividends in Canada: What Corporation Owners Should Know Read More »
One of the biggest questions corporation owners eventually face is simple: Should I withdraw the money, or invest it in the corporation? It sounds like an investment question. It usually is not. It is really a planning question. Because before you decide what to invest in, you need to know where the money should live,
Should You Invest Inside Your Corporation? Read More »
“It depends” is true. It is also not very helpful. A lot of financial questions get answered with the same phrase: “It depends.” Should I invest or pay down debt?Should I use my TFSA or RRSP?Should I hold cash or invest?Should I budget differently?Should I take more risk? The honest answer often is “it depends.”
Why Smart Financial Decisions Start With a Default Option Read More »
Before You Incorporate, Understand What a Corporation Actually Does A lot of business owners are told they should incorporate. Sometimes that advice is right. Sometimes it is rushed. And sometimes it is given without anyone explaining what a corporation actually is. So let’s start there. A corporation is not simply “a business.” A corporation is
What Is a Corporation? A Guide for Canadian Business Owners Read More »
Finding a financial planner can feel harder than it should Most people do not wake up excited to search for a financial planner. They usually start looking because something has changed. Retirement is getting closer. A business is growing. A corporation has too much cash. A pension needs to be understood. A parent passed away.
How to Find the Right Financial Planner in Canada Read More »
Markets will fall. The question is whether you planned for it. There are very few guarantees in investing. But here is one: at some point, your portfolio will go down. That is not pessimism. That is normal market behaviour. For someone still working, a market drop may be uncomfortable, but it usually does not affect
The Retirement War Chest: How to Stay Invested When Markets Crash Read More »
For corporation owners in Canada, investing can get complicated quickly. You may have retained earnings in your company. You may have RRSPs, TFSAs, non-registered accounts, corporate investment accounts, holding companies, insurance strategies, and a growing list of “opportunities” being presented to you. And as your business grows, people may start to assume your investment strategy
How Corporation Owners in Canada Should Think About Investing Read More »
AI is changing the market. Should investors be worried? AI has become one of the biggest conversations in investing. Some investors look at the market and think, “This is too expensive.” Others look at AI and think, “This could change everything.” Both can be true. The U.S. stock market has become heavily influenced by large
AI, Expensive Markets, and Why Ownership Still Matters Read More »
High income is not the same thing as wealth There is a strange thing that happens when people talk about high earners. They assume the problem is solved. If someone makes $400,000 a year, the assumption is usually, “Well, they must be fine.” Maybe. But not always. A high income creates opportunity. It gives you
Budgeting on $400K: Why High Income Doesn’t Equal Wealth Read More »
Summary In Episode 13 of the Plain English Finance Podcast, Tré and Sierra walk through the system they personally use to manage cashflow. It’s not a traditional “budget”, but a structure that creates control and freedom at the same time. Why “Budgeting” Misses the Point Most people think of budgeting as cutting back — like
The System That Simplifies Cashflow Management Read More »
