Over the weekend, I had the pleasure of attending the 2nd annual conference of the Small Ownership Landlors of Ontario, a group of small landlords in Ontario actively advocating for the protection of landlord’s rights here in Ontario. If you’re a residential landlord in Ontario, you may be aware of the nightmare many Landlords have dealt with in the hands of horrible tenants and the extremely inefficient LTB (Landlord Tenant Board). This week, I will be hosting a webinar specifically for Landlords and potential real sstate investors where I will share my personal experience with real estate and how you can use this powerful asset class to build tax-efficient wealth. Get all the details in this issue along with other valuable insights. Please remember to share this with everyone in your network:

1. How To Use Real Estate to Build Tax-Efficient Wealth Webinar

There is no doubt that taxes will increase in the coming years with the massive deficit our government is currently running. These taxes will be major obstacles as you plan to build long-term wealth. In my upcoming webinar, I will reveal the Tax-Smart Plan, a simple plan with three key goals:

1. Save money tax-free

2. Grow or accumulate money tax-free

3. Withdraw or distribute money tax-free

I will walk you through my real estate investing journey and show you how you can use the powerful tool of real estate to build massive wealth. Your wealth can be enhanced dramatically by arranging your affairs so you can achieve all or some of these goals. So, join me as I reveal a 6-step framework for building tax-efficient wealth.

To learn more and to register to join me this Thursday, October 3, 2024 at 6 PM, Click here or go to: https://taxefficientwealth.ca/webinar/​

NOTE: If you can't join the live webinar, you can register to get the reply when it is ready. This way, you won't miss a thing!

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2. Personal Tax Planning Considerations

With just three months till the end of the year, now is the time to start planning on how to minimize your 2024 personal tax liability. Start by estimating your personal tax liability now to determine how much taxes you will be paying in 2024. With this information, you can consider strategies to minimize taxes such as contributing to your RRSP or increasing your contributions; deferring income; splitting income; transferring securities with unrealized gains between accounts; etc. More specific strategies to follow in the coming weeks. And I suggest you consult your Tax Specialist for more insights on your personal situation.

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3. The Type Of Income You Earn Matters…Do You Know Why?

When it comes to taxes, the term “income” isn’t quite as straightforward as you might think. In Canada, there are four main distinct groups of income you may have as an individual with a variety of different tax implications. In some cases, you may have sources of income with zero tax! So, understanding this and arranging your affairs accordingly will enable you to enjoy tax breaks that most people don’t know about. You can read and learn more about this here.

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4. It’s Every Day Bro!

What differentiates the ridiculously successful people from the average and mediocre people? In our society today, we obsess about success. We love stories of highly successful people. And we long to have the same success. This is why we follow celebrities and influencers. When you look from the outside, all you see is the success and evidence of the success they have achieved. What you don’t see is what it took for them to achieve that success…

• The multiple failures
• The sleepless nights
• The thousands of dollars they spent learning from personal coaches
• The hours spent developing their craft
• The daily repetition of critical habits they had to endure week after week, month after month, and year after year.

In this article, I share how you can master the nine things super successful people do every day so that you too can experience and achieve the same level of success you long for. Read it here.

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5. A Smooth Sail to Success…

I'm so excited to share Hallie’s new business venture, Tutoring Lighthouse, as she seeks to illuminate the passion in others through her love for education. Tutoring Lighthouse is a business that prioritizes personalized and interactive learning so students everywhere can excel in their academic studies. If you would like to become involved with Tutoring Lighthouse, either as a student or a tutor, visit tutoringlighthouse.com and/or email info.tutoringlighthouse@gmail.com. Hallie is passionate about education, she’s an experienced tutor, an author and a great public speaker! I’m so proud of her body of work and can’t wait to see the young lives she will impact with her love for learning.