INCOME TAX...
It is by far the highest expense we have as Canadians. So any time we can showcase a strategy to assist in reducing the taxation on retirement income, it is always well received.
In this video, we briefly outline how any investor can instantly reduce the taxation on their retirement assets and at the same time boost their net wealth by using what we term an
"RRSP Meltdown Strategy"
It also is the initial strategy that we favour for clients prior to transitioning them into our
TFSA Maximizer Strategy as they approach their planned retirement age.
As always, we want to 𝙩𝒉𝒂𝒏𝒌 𝒚𝒐𝒖 𝒇𝒐𝒓 𝒘𝒂𝒕𝒄𝒉𝒊𝒏𝒈 𝒕𝒉𝒊𝒔 𝒗𝒊𝒅𝒆𝒐. We are extremely grateful for your attention and consideration. We know there are many other things you could be doing with your time and we commend you for your commitment to growing your wealth!
Using borrowed money to finance the purchase of securities involves greater risk than using cash resources only. If you borrow money to purchase securities, your responsibility to repay the loan and interest as required by the loan terms remains the same, even if the value of the securities purchased declines. Leveraged investing and other high-risk strategies should only be considered in conjunction with proper investment, tax & legal planning advice. Always talk to a professional before investing
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