Cash Damming vs. Smith Maneuver For Canadian Investors
Description
Are you missing out on tax savings and passive income by not taking advantage of smart debt strategies like cash damming?Many Canadians are familiar with the Smith Maneuver for converting mortgage interest into tax-deductible debt, but few know about cash damming—another powerful tool that allows you to maximize tax savings and transform your business or rental property expenses into tax-advantaged opportunities. Today, Kyle Pearce and Jon Orr dive into the mechanics of cash damming, exp...
Are you maximizing the use of your RRSP contributions, or could you be missing out on tax savings and wealth-building opportunities?In this episode, Kyle Pearce and Jon Orr dive into innovative strategies for making the most of your RRSP. Many Canadians contribute to their RRSPs but miss out on...
Published 11/20/24
Are your corporate retained earnings really working to build your wealth here in Canada, or are they just collecting dust under heavy tax burdens from the CRA?For many Canadian entrepreneurs and business owners, retained earnings can feel like a double-edged sword. On one hand, they’re a symbol...
Published 11/15/24