Canadian Wealth Secrets
Are you wondering whether your financial plan is going to lead to that wealthy Canadian lifestyle you envision for your future?
Over the last 5 years, former mathematics teachers and serial entrepreneurs Kyle Pearce and Jon Orr have been implementing alternative wealth building and income tax strategies that have allowed them to transition from high net income to high net worth.
Now, they seek to share these Canadian Wealth Secrets to empower the creation of a financial future that allows you to live a truly wealthy life; a life on your own terms.
Canadian Wealth Secrets is a show focused on growing wealth to strengthen all five (5) pillars of a good life including health, family, finances, work, and play. We seek to ensure that you have a foundational financial plan in your life including Canadian investment, tax, and insurance strategies so that you can focus more of your time and attention on the other important pillars of life.
Tune in every Wednesday as we uncover unknown strategies that allow you to protect your profits from income taxes, safely compound your investments more predictably, and help you take your high net income and create a wealthy lifestyle while creating a legacy that lasts.
Before you can start on your own unique wealth building journey, you have to determine what a wealthy life looks like for you.
Get started by listening to Episode #38: Clarifying Your Life’s Why So You Can Achieve Your Dream Lifestyle.
Canadian Wealth Secrets is an informative podcast that digs into the intricacies of building a robust portfolio, maximizing dividend returns, the nuances of real estate investment, and the complexities of business finance, while offering expert advice on wealth management, navigating capital gains tax, and understanding the role of financial institutions in personal finance. We choose not to become Authorized Infinite Banking Practictioners because we only apply the most effective uses of Participating Whole Life Insurance as a leverage tool for accumulating assets and minimizing personal income taxes - not for personal expenses.
Canadian Wealth Secrets Podcast Was Formerly Invested Teacher Podcast.
Canadian Wealth Secrets
Dividends vs. Salary—Which One’s Secretly Draining Your Wealth?
Are you tired of feeling uncertain about whether to pay yourself with a salary vs dividends from your incorporated business?
As a Canadian entrepreneur, you want to keep more of your hard-earned money in your pocket, but conflicting advice on how to structure your income can lead to confusion, overlooked tax advantages, and missed opportunities for long-term wealth. This episode dives into the specific salary benchmarks and dividend strategies you need so you can stop second-guessing and start optimizing your personal and corporate finances.
Taking the guesswork out of deciding between salary and dividends can help you address short-term needs like daily expenses and long-term goals like retirement or future expansions. By clarifying which approach fits your unique situation, you’ll ensure you’re not only meeting today’s financial demands but also setting yourself up for a stronger, more secure financial future.
You’ll learn:
- Discover the exact salary milestones that unlock extra benefits like CPP and RRSP contribution room.
- Uncover when dividends might be more advantageous for your situation to reduce immediate tax headaches.
- Learn proven methods to manage retained earnings so you don’t end up overtaxed in the future.
Hit play now to learn how to keep more money in your hands and less in the government’s.
Ready to take a deep dive and learn how to generate personal tax free cash flow from your corporation? Enroll in our FREE masterclass here
Book a Discovery Call with Kyle to review your corporate (or personal) wealth strategy to help you overcome your current struggle and take the next step in your Canadian Wealth Building Journey! https://canadianwealthsecrets.com/discovery
Canadian Wealth Secrets Show Notes Page:
Consider reaching out to Kyle if you’ve been…
- …taking a salary with a goal of stuffing RRSPs;
- …investing inside your corporation without a passive income tax minimization strategy;
- …letting a large sum of liquid assets sit in low interest earning savings accounts;
- …investing corporate dollars into GICs, dividend stocks/funds, or other investments attracting corporate passive income taxes at greater than 50%; or,
- …wondering whether your current corporate wealth management strategy is optimal for your specific situation.
Most Canadian business owners assume that choosing between salaries and dividends is just a matter of tax optimization, but the truth is, it’s a critical decision that impacts everything—from CPP and RRSP contributions to retained earnings, corporate structure, and long-term wealth management. The wrong strategy can stall your net worth growth, limit your passive income, and even delay early retirement. Whether you're focused on active or passive investing, maximizing capital gains, or leveraging compound interest for financial independe
Ready to connect? Text us your comment including your phone number for a response!
Canadian Wealth Secrets is an informative podcast that digs into the intricacies of building a robust portfolio, maximizing dividend returns, the nuances of real estate investment, and the complexities of business finance, while offering expert advice on wealth management, navigating capital gains tax, and understanding the role of financial institutions in personal finance.
