For the last three years you may have been reading my articles “RRSP THE TAX TIME BOMB”, but today I want to give you something you are not getting from anywhere else – a reason to be optimistic about the current stock market.
A case study using Tax reducing programs that will save you thousands this year and next year in income taxes that when combined with our Wealth creating strategies will significantly increase your cash flow.
WHAT WOULD YOU SAY IF I SAID MONEY GROWS ON TREES? All our clients know that we have a way to create tax free income using your RRSP’s. But now we have developed a Money Tree that will feed itself and grow until you die. The best part about the Money Tree is that you do NOT need to feed it with your own dollars. Our Demographic Linked Program can transfer your RRSP’s tax free to a Tax exempt investment indirectly.
HOW MUCH TAXES DO WE PAY? 95% of all Canadians retire broke, dependent on friends, family or the federal government for their primary source of income. According to Bank of Canada and statistics Canada in 2009 the majority of Canadians spend $1.60 for every $1.00 they bring in. How much tax do we pay? Firstly Ontario has a progressive Tax system in place the more you make the more tax you pay.
NEVER STORE MONEY – A fertile effort made by most conservative investors is the search for a good long-term investment. There are good investments, but when it comes to stocks and bonds, there are no good long-term investments. The best investment this year will be the worst investment in two or three years, as inflation and interest rates change.