Canadian Wealth Secrets Kyle Pearce, Jon Orr

Imagine you were able to pay each month for a lottery ticket that would pay out a large sum of money to support you financially in the event that you became critically ill over the next 15, 25, or even 50 years and if you are lucky enough to never need that large sum of money, you get all of your money back?
While there are many rabbit holes to dive down when it comes to financial tools including savings, investments, and insurance, there is one insurance tool that provides a pretty amazing living benefit should you become critically ill and if not, gives you all of your money back. 
Whether you're grappling with the dilemma of where to allocate your hard-earned money to maximize investment returns or fretting over the possibility of a critical illness wreaking havoc on your family and finances, this podcast episode serves as an opportunity to share one of the most under-utilized insurance tools available to Canadians and incorporated business owners that leaves nothing but upside for you - including some income tax savings opportunities. 

What you’ll learn:
What is critical illness insurance and why do we consider it like a free lottery ticket? How does critical illness insurance work and how can it benefit Canadians personally as well as corporately? When does it make sense for a Canadian to add critical illness insurance to their wealth building plan or corporate income tax minimization strategy?Why split dollar or “shared ownership” of a critical illness insurance policy between a corporation and its shareholders can benefit you from a taxation perspective.

Resources: 


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 including helping you to better understand the role of critical illness insurance in your personal or corporate wealth building plan.Looking for a new mortgage, renewal, refinance, or HELOC? Reach out to Jon to share some options.Follow/Connect with Kyle Pearce on LinkedIn for daily posts and conversations about business, finance, and investment.  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.

What if I was to tell you that all of the stress we feel in our lives is caused by our inner saboteur voices and our own negative thinking? 
What if I also told you that our own intentionally trained positive mindset actually cultivates our sense of peace, satisfaction, ease and flow?
While many of us know that our own mind can have a massive impact on how we feel at any given time on any given day, the question certainly begs: how can we intentionally train our minds to think positively to avoid self-sabotaging how we feel and in turn, how we show up for others in our lives each day?
Today, we welcome Diane Nelson onto The Canadian Wealth Secrets Podcast to help explain how we can all train our minds to think positively in three simple - but not always easy - steps in order to overcome your entrepreneurial impostor syndrome, self-doubt, and negative thinking.
Whether you’re an entrepreneur, business owner, investor, or employee, you’re going to want to stick around as Diane takes us on a journey to strengthen our mindsets so we can accomplish amazing goals in our personal and professional lives.

What you’ll learn: 
Discover the concept of 'self command' and learn how to master your thoughts and emotions to enhance decision-making and leadership effectiveness;How to master your mindset by adopting the belief that every challenge/failure can be made into a gift and opportunity;Why our thoughts impact the quality of our conversations, and our conversation impacts the quality of our relationships;Why we should observe every thought and stay curious about its origin and assumptions in order to allow us to choose better thoughts and communicate better;Uncover the default patterns in entrepreneurship and learn how self-awareness can be a game-changer in your personal and professional growth; and, Gain valuable insights into effective communication styles and active listening techniques that can drastically improve your interactions and build stronger relationships.
Resources: 
Visit Diane’s Nelson’s website at The Nelson TeamMastering Sage Conversations [Free Guide]Take The Saboteur AssessmentConnect with Diane on LinkedInBook 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!Looking for a new mortgage, renewal, refinance, or HELOC? Reach out to Jon to share some options.Follow/Connect with Kyle Pearce on LinkedIn for daily posts and conversations about business, finance, and investment.  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.

Are you overlooking the power of practical experience in financial advisory roles? 
Join Kyle and Jon as they share some Canadian Wealth Secret Sauce related to selecting the right guidance, evaluating solution providers, and navigating the complexities of client suitability in this week’s episode.
In today's fast-paced and complex financial landscape, finding someone you can trust may feel daunting, but what if that was just the beginning of the “real work?” 
Whether you're a successful Canadian incorporated entrepreneur, business owner, seasoned investor, or even a newcomer to the world of finance, the struggle to identify the right advisors and solution providers is a universal challenge. In this episode, we will dive into the crucial aspects of practical experience, results-driven evaluation, and tailored guidance, offering valuable insights to help listeners navigate these uncertainties.
By exploring the importance of practical experience in advisory roles and emphasizing the need to prioritize results over credentials, this episode addresses a pressing need for clarity and confidence in financial decision-making. In a world where information overload can lead to analysis paralysis, understanding how to choose the right guidance becomes paramount.
Furthermore, the discussion on client suitability underscores the significance of personalized solutions tailored to individual circumstances—a concept often overlooked in generic financial advice. By highlighting the value of seeking expertise specific to the problem at hand, we aim to empower you to make informed choices and avoid cookie-cutter solutions that may not align with your unique wealth building goals.
Ultimately, this episode provides not only practical advice but also a mindset shift, encouraging listeners to question conventional wisdom and seek out solutions that prioritize tangible results and personalized approaches. Whether you're grappling with investment decisions, insurance choices, or financial planning strategies, this episode promises to equip you with the tools and insights necessary to navigate the complex world of Canadian finance with confidence and clarity.


What you’ll learn:
Gain insights into the importance of practical experience in financial advisory roles, helping listeners understand the value of expertise beyond traditional credentials.Learn how to evaluate solution providers based on their track record of achieving desired outcomes, empowering listeners to make informed choices when seeking financial guidance.Understand the significance of tailoring financial solutions to individual circumstances, enabling listeners to prioritize personalized approaches that align with their unique goals and needs.Tune in to this episode now to add some of the Canadian Wealth Secret Sauce related to selecting the right financial guidance, empowering yourself to make informed decisions and achieving your unique financial wealth building goals with confidence!

Resources: 
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!Looking for a new mortgage, renewal, refinance, or HELOC? Reach out to Jon to share some options.Follow/Connect 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.

Navigating the complex world of retirement savings in Canada and wondering if RRSPs are the right choice for you?
This episode is crucial for anyone looking to secure their financial future in Canada. With RRSPs being a central part of retirement planning, understanding their nuances and tax implications is essential, especially given the ever-changing economic landscape. Whether you're just starting out or looking to optimize your existing retirement plan, this discussion offers insights directly applicable to your financial journey.

What you’ll learn: 
Discover tailored strategies for RRSP investment, considering your unique financial situation and goals, ensuring your retirement plan is as efficient and beneficial as possible.Learn about the potential tax implications and benefits of RRSPs, including how to manage your contributions to minimize future tax burdens.Gain insights into alternative savings and investment strategies, such as tax-free savings accounts and the use of permanent life insurance policies, to diversify and strengthen your financial plan.

Resources: 
Should I Invest in A RRSP or TFSA?Canada Revenue Agency (CRA) overview of the Tax Free Savings Account (TFSA)Canada Revenue Agency (CRA) overview of the Registered Retirement Savings Plan (RRSP)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!Looking for a new mortgage, renewal, refinance, or HELOC? Reach out to Jon to share some options.Follow/Connect with Kyle Pearce on LinkedIn for daily posts and conversations about business, finance, and investment. 

Calling All Canadian Incorporated Business Owners & Investors:
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.By hopping on a discovery call with Kyle, he will review your specific personal and corporate financial situation in order to determine if there are some quick wins available for you to minimize taxes personally or corporately, provide ideas for how you can increase your personal cash flow, and ensure that the net worth of your estate continues to grow in tandem.
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.

Have you ever wondered how a seasoned entrepreneur transitions from start-up to start-up, and what unique insights they gained along the way?
In a world where career transitions, entrepreneurial risks, and technological advancements are increasingly common, understanding the journey of someone who has successfully navigated these changes can offer valuable lessons for your own professional and personal growth.

You’ll learn:
Gain insights into how storytelling and personal experiences can be powerful tools in attracting investors and driving business growth.Learn about the challenges and rewards of introducing new technologies in different markets, offering a roadmap for those looking to innovate in their fields.Discover the importance of agility and adaptability in business, especially in startup environments, and how these qualities can lead to successful project outcomes and career transformations.Dive into this inspiring journey now, and uncover practical strategies and lessons for your own path to innovation and success – play the episode and start your transformative learning experience today!



Resources: 
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!Looking for a new mortgage, renewal, refinance, or HELOC? Reach out to Jon to share some options.Follow/Connect with Kyle Pearce on LinkedIn for daily posts and conversations about business, finance, and investment. Dig into our Ultimate Investment Book ListDownload our Wealth Building Blueprint

Calling All Canadian Incorporated Business Owners & Investors:
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.

By hopping on a discovery call with Kyle, he will review your specific personal and corporate financial situation in order to determine if there are some quick wins available for you to minimize taxes personally or corporately, provide ideas for how you can increase your personal cash flow, and ensure that the net worth of your estate continues to grow in tandem.
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.

Are you tired of paying more taxes than necessary when withdrawing money from your corporation?
As a business owner, effectively managing your finances and understanding the tax implications of withdrawing money from your corporation is crucial. Whether you're considering salary or dividend payments, or looking for ways to shelter money from taxes, this podcast episode is tailored to your needs.
Unlock the secrets to smarter financial decisions for your business – listen to this insightful episode now and start optimizing your corporate withdrawals!


What you’ll learn: 
Gain Insights on Tax-Efficient Withdrawals: Learn the intricacies of choosing between salaries and dividends, and how each affects your tax obligations.Discover Wealth Retention Strategies: Understand how tools like permanent life insurance can help you shelter money from taxes and grow your wealth within the corporation.Expert Guidance for Financial Planning: Benefit from the shared expertise of Kyle and Jon on creating a compliant, tax-minimized retirement plan that ensures financial safety and maximizes leverage.

Resources: 
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!Looking for a new mortgage, renewal, refinance, or HELOC? Reach out to Jon to share some options.Follow/Connect with Kyle Pearce on LinkedIn for daily posts and conversations about business, finance, and investment. Dig into our Ultimate Investment Book ListDownload our Wealth Building Blueprint 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.