Unconventional Wisdom Ed Rempel

You know the basics about the Smith Manoeuvre. 
It’s one of the most effective wealth building strategies if done by the right people in the right way over the long term.
My latest podcast episode can be found on Sean Cooper’s “Burn YourMortgage” podcast on YouTube and his website www.BurnYourMortgage.ca, and you can listen here too.
You’ll learn:
Why should you consider the Smith Manoeuvre? How to know if the Smith Manoeuvre is right for you. Managing the risks. Avoiding the common errors. Tax tracking & Capitalizing. Dealing with CRA. How the Smith Manoeuvre can fit into your retirement plan. What happens if you move? What happens once your mortgage is paid off? What happens after you retire? Options – The 7 Smith Manoeuvre strategies. Effective investing with the Smith Manoeuvre Implementing the Smith Manoeuvre.

You may have heard that we just had a new budget here in Canada, and increased the taxes on capital gains. 
Canadians with a rental property, cottage or investments and their tax advisors are scrambling to figure out what to do before the deadline of June 25, 2024.
Here are the questions we’ll cover in this latest podcast episode:
What is the new higher capital gains tax?
Who is affected? Why is it mainly a real estate tax? How to avoid or minimize the higher capital gains tax. Is investing inside your corporation still worthwhile? Will the higher exemption for small business help? Are rental properties or cottages still profitable? Why are only 50% or 67% of capital gains taxed, instead of all gains? 3 nasty aspects of the new tax. Why do they say only 0.13% of Canadians are affected? Will this hurt our economy?  

You may be thinking – what difference can I make in the world?
As a financial planner I talk a lot about money, however, it’s not really about the money itself, but what it does for your life – how to live well, retire comfortably, and give back.
In my latest podcast episode, I give you some ideas to help you choose causes that matter to you, as well as talking about financial & tax planning for donating effectively.
Listen to find out:
How do most people donate? What is a Donation Plan & how does it benefit you? How to donate tax-efficiently. Donation tax credit by Province. Advanced donation tax strategies. What is a “Donor-Advised Fund”?  How do you decide where to donate? How do billionaires donate? What are the most effective charities or causes? How do we increase the prosperity of all humans?   

It’s easy to outperform financial advisors.
Why?
Conventional wisdom is they underperform because of fees, but there is a bigger reason.
They don’t even try to outperform. They try for: “Reasonable return with less risk”.
Financial advisors are mainly salespeople, not financial planners. 
They are more likely to lose a client because of a 30% 1-year market decline than 10 years of lagging the index. So, they focus on market fluctuations, not your life goals.
This makes them do the “4 performance drags” that typically reduce their returns by at least 3%/year, which is more than their fees.
In my latest podcast episode (under 4 minutes!), you’ll learn the four performance drags and how to get the maximum reliable long-term return. 
You’ll also discover exactly how to EASILY outperform financial advisors.
 

Divorce is never financially smart!
As a financial planner, I don’t recommend divorce. It’s bad for your finances!
However, you can go through it in the most financially smart way – to leave both of you in the best possible position.
We have seen quite a few people go through divorce.
We’ve seen some total disasters, fighting for years through lawyers with monstrous legal costs.
A wife hiring one lawyer after another for years to keep going after her ex.
A dentist declaring bankruptcy to avoid paying alimony.
We have helped clients go through it amicably while talking & agreeing on what to do.
We can help identify the financially best way to divide assets.
We can show how to minimize or avoid tax when dividing assets. Paying tax means you both get less.
I am a financial planner – not a lawyer. My insights here are based on experience about how to be as financially smart as possible.
In my latest podcast episode you’ll learn:
Why an amicable divorce is better. What to be aware of with lawyers. Working effectively with your lawyer. How to divide your assets the most effective way. Should you keep the house? What happens to the Smith Manoeuvre in a divorce? Should you split a pension? What options do you have with spousal & child support? What studies say about life after divorce.

Many people today feel they have no choice but to be a tenant, however, what if you actually choose this? 
You can choose to be a tenant forever and it can be a great life!
I’m going to introduce you to the concept of “Tenant Freedom,” to show you how great of a life it can be.
Watch my latest podcast episode to find out:
Advantages & disadvantages of owning vs. renting your home
What you need to buy a home.
How to be much wealthier as a tenant.
5 steps to a great life with Tenant Freedom.
What is the “Tenant’s RRSP”?
Do tenants have a Smith Manoeuvre option?
The growth mindset for Tenant Freedom.