Canadian Wealth Secrets

Six Figures in Canada? Here’s Why It Still Feels Tight

Kyle Pearce, Jon Orr Episode 187

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0:00 | 35:38

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Is a six-figure salary still enough to live comfortably in today’s world?

You’ve built a business, crossed the $100K threshold, and checked off what used to be a major financial milestone. But instead of breathing easier, you’re feeling the pressure: inflation, higher taxes, rising overhead, inflated living costs, and a widening gap between what you earn and what you keep. As a Canadian business owner or entrepreneur, it’s frustrating to hit the numbers but still feel like you're running in place. This episode unpacks the reality behind the six-figure illusion—and why that income level doesn’t stretch like it used to.


 In this episode, you'll uncover:

  • The shocking truth about how much buying power $100K has lost since the '90s
  • A breakdown of real-world expenses—from mortgage payments to groceries—and how they consume your take-home pay
  • Practical strategies to restructure your finances, align spending with values, and create new income opportunities through investing

Press play to find out if $100K still cuts it—and what you can do if it doesn’t.

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Canadian Wealth Secrets Show Notes Page:

Consider reaching out to Kyle

  • …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 acc

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If you listen to podcasts like The Rational Reminder with Ben Felix & Cameron Passmore, The Canadian Investor, The Canadian Real Estate Investor, Build Wealth Canada with Kornel Szrejber, ChooseFI with Jonathan Mendonsa & Brad Barrett, Afford Anything with Paula Pant, The Ramsey Show with Dave Ramsey, BiggerPockets Money, The Money Guy Show with Brian Preston & Bo Hanson, Invest Like the Best with Patrick O’Shaughnessy, Masters in Business with Barry Ritholtz, The Wealthy Barber Podcast with David Chilton, Financial Audit with Caleb Hammer, In the Money with Amber Kanwar, The Loonie Hour with Steve Saretsky, or More Money Podcast with Jessica Moorhouse — we’re confident you’ll enjoy Canadian Wealth Secrets too.

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.