Canadian Wealth Secrets Kyle Pearce, Jon Orr

Are you an incorporated business owner struggling to determine the best retirement investment vehicle for the profits you retain in your corporation each year while minimizing the overall tax burden?Incorporated business owners often face the challenge of effectively managing retained earnings while planning for retirement. Traditional strategies like Registered Retirement Savings Plans (RRSP) Investment Options and Individual Pension Plans (IPP) might not offer the best tax efficiency or fle...

Are your retained earnings trapped inside your corporate structure? Wondering how you can jailbreak your retained earnings without gifting 50% of your net operating income to the Canadian Revenue Agency?In this episode of the Canadian Wealth Secrets podcast, we delve into the intricate world of corporate tax planning strategies and how savvy business owners can optimize their retained earnings and investments while navigating the increase in capital gains inclusion rate and utilizing tax...

Is your old whole life insurance policy still worth keeping for borrowing to buy assets, for infinite banking, retirement income or is it time to cancel?In this Secret Sauce episode of Canadian Wealth Secrets, we dive into a common challenge faced by many permanent insurance policyholders: understanding the true value and potential of older, low-cash value participating whole life insurance policies. We explore a real-life case study where a couple questions the benefit of maintaining a whole...

When you started turning your attention towards real estate as your passive income investing path, were you thinking that it wouldn't be much work?If you did, you're wrong.Unless you are a joint venture money partner, investor in a fund or REIT, you're actually building a business rather than a passive income investment portfolio and that may or may not be a good thing for you.In this episode, Jon and Kyle explore the intricate balance between building a passive income generating real estate ...

Ever heard the phrase “Volume Negates Luck”? Today, we dig into Alex Hormozi’s phrase describing how consistent, repetitive actions in business and wealth-building can create opportunities that seem like luck but are actually the result of deliberate effort.This concept can directly impact anyone striving to increase their financial success, as it shifts the focus from hoping for a lucky break to actively creating one’s own opportunities.For many, the challenge lies in feeling that succe...

Imagine moving to a country with only $1,000 in your pocket and a dream of improving your way of life only to realize that your dream meant grinding over 60 hours per week for “success.” In today’s episode, we’ll be interviewing Luis Limgenco as he shares his journey as an immigrant whose hard work and dedication led him to what many would consider professional “success.” However, he quickly recognized that trading all of his waking hours for a paycheque wasn’t going to lead him to the f...