We had an awesome time this weekend at the 2025 Tax-Efficient Wealth Summit. As usual, we had a great learning environment with networking opportunities. I’m always amazed at the new and fresh insights I get from the speakers. Thanks to all the speakers and participants for making this year’s event another great success. In this issue, I discuss the new Canada Disability Benefit that starts next month. I also share some additional insights. Finally, if you’re looking for Summer camp ideas for your kids, I’ve got something special for you. Enjoy this issue and remember to share this with everyone in your network:

1. 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 starts in about a week and will run from Monday, June 30 to Friday, July 4, 2025. 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.

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2. New Canada Disability Benefit Starts July—Are You or Someone You Know Eligible?

Starting next month, eligible Canadians with disabilities could receive up to $2,400 annually in support under the new Canada Disability Benefit. To qualify, individuals must be between ages 18–64, reside in Canada, and hold a valid Disability Tax Credit certificate. Income thresholds apply, and the benefit is reduced based on how much you earn.

✅ Action: If you or someone you know qualifies, apply for the Disability Tax Credit now and ensure 2024 tax returns are filed.

You can get all the details in our Q2 2025 tax newsletter 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. Nine Ways to Break the Feeling of Lack

Often, we live a life overwhelmed by a feeling of lack. A big reason for this is because we don’t know what is enough for us. According to Vicki Robin, author of the brilliant book, Your Money or Your Life, financial independence has nothing to do with being rich. It is the experience of having enough. Enough is when you get to the peak of your fulfillment curve. In other words, you have enough money to survive and get all the comfort and luxuries you require to experience fulfillment in life. It is quantifiable and achievable. I share more on this in a recent article, including 9 ways to break this feeling of lack. Read the full article here: https://kengreen.ca/9ways/

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5. A Framework for Making Decisions…

We make decisions every day. Some of these decisions are significant while others are not. In fact, we regularly make decisions multiple times a day without realizing it. We do so because most of these decisions are routine. However, there are other potentially life-changing decisions that will require some serious considerations. When you’re confronted with a significant decision, how do you assess and make a decision? This quote by James Clear is a handy framework for making decisions:

"One filter I use for making decisions: How much can I influence the outcome after the initial choice is made?

When I can do a lot to influence the outcome, I'm less worried about risk. Even if the choice appears risky on the surface, I can likely create a good outcome with effort.

When I can't do much to influence the outcome, I'm more risk averse. Even my best effort won't move the needle. Your ability to influence the outcome after a decision is made is a crucial thing to consider."

James Clear, author of Atomic Habits, shares insightful quotes like this weekly. Consider subscribing to his weekly emails for tips on cultivating winning habits. Check it out here.