Last month, Hallie and I had the honor to attend the 5th Anniversary Dinner and Dance of the 1834 Foundation Fellowship Program. It was a great evening as we had the opportunity to meet with many in our community including the amazing young graduates of the program and the Speaker of the Canadian House of Commons, Honourable Greg Fergus, who delivered the keynote speech. 1834 Foundation is an amazing organization elevating Black youth leadership in Canada. The 1834 Fellowship program seeks out 20 high-potential Black youth every year who wish to enter or increase their capacity for civic leadership roles and support them in their skills and career development. I encourage you to check out this charitable foundation and consider ways you can support and participate. In this issue, I share more about the webinars on real estate and 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

If you missed the live webinar a few weeks ago, you have an opportunity now to watch the replay. 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 this webinar, I 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 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. To watch the replay, Click here.

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2. Focus on Value…

We live in a society where the temptation to impress is so pervasive. We see it everywhere, particularly on social media. Sometimes, we become so obsessed with the idea of impressing others that we often end up living above our means and taking on so much debt. This quote by James Clear points us in a different direction to instead focus on providing value to others rather than on impressing them:

"Focus on what provides value to others, not what impresses others.

Other people spend about as much time thinking about your lifestyle and accomplishments as you spend thinking about their lifestyle and accomplishments. Which is to say, not much time at all.

The things we do to impress others rarely impress them for longer than five minutes. But the things we do to provide value for others can last a lifetime. In the long run, one of the most impressive things you can do is provide exceptional value."

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.

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3. How To Manage Your Rental Real Estate Tax & Accounting Like A Pro

Whether you’re a new or experienced real estate investor, learning how to manage the finance, accounting, and tax side of your rental real estate is critical for the following reasons:

• You will get great insights on how to reduce your expenses and increase your gross rental revenue.
• You will have access to up-to-date information in real-time for your real estate financing.
• You will save time during tax season as you will have all your real estate accounting data organized.
• You will know which properties are not performing and make appropriate decisions to improve performance and sell non-performing assets.
• You will pay less taxes.

In this FREE recorded webinar, you will learn how to set up a great accounting system for your properties and I will walk you through how income from rental real estate is taxed in Canada. I also discuss various considerations for tax planning and how you can use real estate to build tax-efficient wealth over the long term.

To watch it on demand, CLICK HERE​

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4. Tax-Deferred Is Not The Same As Tax-Free

This is often misunderstood. To be clear, “tax-deferred” does not mean the same thing as “tax-free.” Tax-deferred is something that must eventually have taxes paid on it. On the other hand, tax-free will not need any tax payments made. I discuss the differences in this short article here. And if you want further details on this and how you can take advantage of the tax code to accumulate both tax-free and tax-efficient wealth, then I encourage you to get a copy of my book, Tax-Efficient Wealth.

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5. Four Common Excuses Why People Don’t Invest and How to Avoid them

One of the best ways to build and grow your wealth is to invest, yet, many don’t invest. Over and over again, surveys reveal several reasons why many Americans and Canadians don’t invest. Here are four common excuses: I Don’t Have Enough Money; I Will Invest Later; I Don’t Know Where To Start; and I’m Afraid I Will Lose Money. Read the full article here.