The tax summit is only a week away. Have you registered yet? If you’ve not, let me give you one reason to register today. The amount of taxes you pay (income tax, HST, payroll taxes, etc.) is your biggest cost, and tax rates are only set to increase in the years ahead. You need strategies to combat the impact of high taxes now and in the future. We will explore some practical tax minimization strategies you can use to combat taxes at our upcoming annual Tax-Efficient Wealth Summit taking place in a week on June 21st in person in Mississauga. So, I invite you to join us! Enjoy this issue and remember to share this with everyone in your network:

1. How to Keep More of Your Money

If you don’t already know, the amount of taxes you pay is a major obstacle in building wealth. So, if you’re considering ways to minimize your taxes and build wealth in a tax-efficient manner, then you should make plans to join me next week at this year’s Tax-Efficient Wealth Summit coming up on Saturday, June 21st. This is an in-person live event in Mississauga that will give you the opportunity to connect with others just like you and potentially build new relationships in a great learning environment:

• I will share some tips on how you can manage cash flow and plan to build wealth in times of uncertainty.
• Aravind will share 5 key planning tips to save taxes and keep more of your income for retirement.
• Wesley will reveal the framework to move from high income to wealth.

This will be an amazing event that will put you on the right track as you build tax-efficient wealth. You can get all the event details here.

Feel free to bring a friend or family member with you to the event. The more the merrier. I look forward to meeting with you soon and hosting you at the event.

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2. The Three Accelerators of Wealth

Why are the rich getting richer and everyone else getting poorer? Are the rich smarter than the rest of the world? Are they more talented? What do they know that the rest of the population does not know? The answers to these questions can be varied and sometimes complex. It is certainly true that there are things that the rich know that the rest of the masses don’t know. In this article, I share three powerful accelerators of wealth that the rich have mastered. You too can learn more about these accelerators, master them, and employ them in your strategy as you build and grow your wealth. Read the full article here.

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3. Director Resignation? That Might Not End Your Tax Liability

Resigning as a director isn’t enough if you continue making decisions behind the scenes. One taxpayer found himself personally liable for unpaid corporate taxes as a de facto director, even after resigning.

✅ Tip: If you resign, fully step back. Don’t handle banking, contracts, or represent the company unless you want the risk.

You can get all the details in our Q2 2025 tax newsletter here.

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4. Fun Summer Chess & Fun Camp in Oakville

If you don’t have Summer plans for your kids or if you’re looking for an additional option, we run a Summer Chess & Fun camp in Oakville. Registration is quickly filling up for our 2025 Summer chess & fun camps. This year, we are running two full-day camp sessions. The first camp will run from Monday, June 30 to Friday, July 4, 2025 and the second camp will run from July 28 to August 1, 2025. Our Summer camp is fun with chess, soccer, basketball, money management for kids, and other fun activities. Kids come out of this camp equipped with new skills, particularly, the money skills that many kids lack. At the end of the camp, in addition to elevating their knowledge of chess, your kids will know the difference between assets and liabilities; good debt and bad debt; assets that grow in value and assets that depreciate in value; the importance of saving, and many more. To learn more about our Summer Camp and to register, click here. And for a one-minute video of one of our 2023 camp, click here.

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5. The Top Ten Reasons Why You Pay Too Much in Taxes

Whether you like it or not, taxes affect all of us. In fact, it is probably your biggest household expense (assuming you have a decent job or business). Yet, most people do nothing to manage their taxes. In this article, I discuss the top 10 reasons why you may be paying too much in taxes. Reasons range from lack of periodic tax planning, lack of optimization with family members, and a lack of basic knowledge of our Canadian tax laws. Get all the details here.

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Don't Forget: Join Me June 21st! Tax-Efficient Wealth Summit – Mississauga (In-Person). If you haven’t registered yet, our annual Tax-Efficient Wealth Summit is happening Saturday, June 21st. I’ll be joined by Aravind and Wesley as we break down actionable strategies to build and protect wealth, reduce taxes, and master your money.
💥 EARLY BIRD registration is open now. Bring a friend, build your network, and take your wealth strategy to the next level.
Get details here → Event Page​