tax planning - Tre Bynoe - Financial Planning

How Corporation Owners in Canada Should Think About Investing

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 […]

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Budgeting on $400K: Why High Income Doesn’t Equal Wealth

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