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The Facts: Men, Women & Money💰🚻

Apr 18, 2022

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Tax Planning vs Tax Paying Season: What You Need to Know
RRSP Season: It’s Bigger Than a Refund
Spousal RRSP: Timing Matters
Hidden Dangers of the Bank Rate Cut
Tariffs and Market Volatility: What You Need to Know

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betterplanninggroup

Finance Simplified | @fsutton35, CFP®
Helping families & businesses keep more of what they earn through tax-efficient financial planning.

Retired from full court, undefeated at the games t

Retired from full court, undefeated at the games that count 🎮🏀

#financesimplified
@betterplanninggroup

56% of workers say they're not on track for retire

56% of workers say they're not on track for retirement.

So here's the test:

Age 30 → 1x income
Age 40 → 3x income
Age 50 → 6x income
Age 60 → 8x income
Age 67 → 10x income

If you're behind, you're not alone.

The goal isn't perfection. It's direction.

Is your money working as hard as you did to earn it?

#RetirementPlanning #Investing #FinancialPlanning #PersonalFinance

June 9th is Tax Freedom Day in Canada 🇨🇦 According

June 9th is Tax Freedom Day in Canada 🇨🇦 According to the Fraser Institute the average Canadian family just paid over $68,000 in taxes, that is 159 days before keeping a single dollar. Most Canadians are missing major tax planning opportunities. Link pinned in comments to find your exact date. Send me the word TAX to find out where your opportunities are.
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#TaxFreedomDay #CanadianTax #TaxPlanning #CFP #PersonalFinance taxtok foryou

Four people. Same $10,000 a year. Same 15 years. S

Four people. Same $10,000 a year. Same 15 years. Same 8% rate of return. Same 43.41% tax rate. The only difference is how each one structured their investment.

Solomon contributes annually to his RRSP. Caleb to a non-registered account. Ariana to his TFSA. Savannah uses an investment loan strategy. All four are disciplined. All four are consistent. All four are doing something right.

So which one generates the most after-tax income after 15 years?

The answer might surprise you but more importantly, the answer is different for everyone. Watch to the end to see all four results and understand why there is no single right strategy. Only the right strategy for your situation.

Not financial advice. Results are based on an 8% annual rate of return and a 43.41% marginal tax rate over 15 years. Individual results will vary based on income, tax situation, investment performance, and personal financial goals. Speak with a qualified financial advisor before making any investment decisions.

#FinancialPlanning #WealthBuilding #TFSAvsRRSP #InvestmentStrategy #CanadianFinance

Your corporation may be sitting on tax-free money

Your corporation may be sitting on tax-free money you've never touched.

It's called the Capital Dividend Account and most incorporated professionals go their entire career without ever knowing it exists.

Not because it doesn't apply to them.

But because nobody told them.

If you own a corporation and nobody has reviewed your CDA, there may be tax-free money trapped inside your company right now.

That's exactly where we start.

Link in bio to book a call.

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#IncorporatedProfessionals #CapitalDividendAccount #CanadianFinance #TaxStrategy #FinancialPlanning

This content is for informational purposes only and does not constitute financial, tax, or legal advice. Please consult a qualified financial advisor before making any financial decisions.

Don't Worry, Be Happy, turns out Bobby McFerrin ha

Don't Worry, Be Happy, turns out Bobby McFerrin had the best investing advice all along.

The market will scare you. It will drop. It will make you want to sell everything and hide under your bed.

But the investors who held? They're the ones smiling now.

Time in the market always beats timing the market. Always.

Stop worrying. Start holding. Bobby told you so. 🎵

#StockMarketBlues #InvestSmart #LongTermInvesting #DontWorryBeHappy #BobbyKnewBest

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betterplanninggroup

Finance Simplified | @fsutton35, CFP®
Helping families & businesses keep more of what they earn through tax-efficient financial planning.

Retired from full court, undefeated at the games t

Retired from full court, undefeated at the games that count 🎮🏀

#financesimplified
@betterplanninggroup

56% of workers say they're not on track for retire

56% of workers say they're not on track for retirement.

So here's the test:

Age 30 → 1x income
Age 40 → 3x income
Age 50 → 6x income
Age 60 → 8x income
Age 67 → 10x income

If you're behind, you're not alone.

The goal isn't perfection. It's direction.

Is your money working as hard as you did to earn it?

#RetirementPlanning #Investing #FinancialPlanning #PersonalFinance

June 9th is Tax Freedom Day in Canada 🇨🇦 According

June 9th is Tax Freedom Day in Canada 🇨🇦 According to the Fraser Institute the average Canadian family just paid over $68,000 in taxes, that is 159 days before keeping a single dollar. Most Canadians are missing major tax planning opportunities. Link pinned in comments to find your exact date. Send me the word TAX to find out where your opportunities are.
.
.
.
.
.
.
.

#TaxFreedomDay #CanadianTax #TaxPlanning #CFP #PersonalFinance taxtok foryou

Four people. Same $10,000 a year. Same 15 years. S

Four people. Same $10,000 a year. Same 15 years. Same 8% rate of return. Same 43.41% tax rate. The only difference is how each one structured their investment.

Solomon contributes annually to his RRSP. Caleb to a non-registered account. Ariana to his TFSA. Savannah uses an investment loan strategy. All four are disciplined. All four are consistent. All four are doing something right.

So which one generates the most after-tax income after 15 years?

The answer might surprise you but more importantly, the answer is different for everyone. Watch to the end to see all four results and understand why there is no single right strategy. Only the right strategy for your situation.

Not financial advice. Results are based on an 8% annual rate of return and a 43.41% marginal tax rate over 15 years. Individual results will vary based on income, tax situation, investment performance, and personal financial goals. Speak with a qualified financial advisor before making any investment decisions.

#FinancialPlanning #WealthBuilding #TFSAvsRRSP #InvestmentStrategy #CanadianFinance

Your corporation may be sitting on tax-free money

Your corporation may be sitting on tax-free money you've never touched.

It's called the Capital Dividend Account and most incorporated professionals go their entire career without ever knowing it exists.

Not because it doesn't apply to them.

But because nobody told them.

If you own a corporation and nobody has reviewed your CDA, there may be tax-free money trapped inside your company right now.

That's exactly where we start.

Link in bio to book a call.

*
*
*
*
*
*
#IncorporatedProfessionals #CapitalDividendAccount #CanadianFinance #TaxStrategy #FinancialPlanning

This content is for informational purposes only and does not constitute financial, tax, or legal advice. Please consult a qualified financial advisor before making any financial decisions.

Don't Worry, Be Happy, turns out Bobby McFerrin ha

Don't Worry, Be Happy, turns out Bobby McFerrin had the best investing advice all along.

The market will scare you. It will drop. It will make you want to sell everything and hide under your bed.

But the investors who held? They're the ones smiling now.

Time in the market always beats timing the market. Always.

Stop worrying. Start holding. Bobby told you so. 🎵

#StockMarketBlues #InvestSmart #LongTermInvesting #DontWorryBeHappy #BobbyKnewBest

Everyone has a financial plan. The question is… w

Everyone has a financial plan.

The question is… was it built intentionally?

Most people have:
• a mortgage
• some investments
• maybe insurance

But that doesn’t automatically create clarity.

A real financial plan should answer your 3 Burning Questions™:

✦ Will I actually have enough?
✦ Am I making the right financial decisions today?
✦ What happens if life changes unexpectedly?

Because products alone don’t answer those questions.

A personalized financial plan does.

Either by design — or by default.
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#FinancialPlanning #PersonalFinance #WealthBuilding #CanadianFinance #MoneyMindset

Most businesses don’t fail because of bad ideas. T

Most businesses don’t fail because of bad ideas.
They fail because they don’t survive long enough for it to work.

The real game is endurance not intensity.

If you’re in the slow phase right now, stay in it.
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#EntrepreneurMindset #BusinessGrowth #SmallBusiness #ConsistencyWins #LongGame

Most people think tax savings happen at tax time.

Most people think tax savings happen at tax time.

But the real difference is made long before you file.

Tax filing is about reporting what happened.
Tax planning is about shaping what happens next.

And that shift can mean keeping more of what you earn.

Small decisions made early often create the biggest results later.
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#TaxPlanning
#PersonalFinance
#FinancialLiteracy
#MoneyMindset
#CanadianFinance

Most people think it won’t happen to them until it

Most people think it won’t happen to them until it does.

We plan for vacations, investments, and retirement
but rarely for the moment everything stops.

That’s The Super Syndrome. Thinking you’re the exception.

The truth is you can’t control what happens
only what happens next.

If it’s been a while since you’ve reviewed what you have…
it might be time.

#FinancialPlanning #InsuranceMatters #WealthBuilding #ProtectYourIncome #MoneyMindset

Another year of growth and clarity. Progress is r

Another year of growth and clarity.

Progress is rarely visible while it’s happening, but it is always being built.

Every setback, every challenge, every quiet win has shaped my discipline and direction.

Growth is found in who you become along the way, not just the moments you can point to.

Not finished. Just getting started.

Business Owners: Are You Paying Yourself the Smart

Business Owners: Are You Paying Yourself the Smart Way?

Salary or dividends… it could save or cost you thousands every year. Most entrepreneurs don’t realize how much money they leave on the table.

Watch till the end to learn the tax hack most owners aren’t aware of… if the timing’s right.

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#BusinessOwner
#EntrepreneurTips

#SalaryVsDividends
#TaxStrategy
#PayYourself

After graduating from Ottawa University, I couldn’

After graduating from Ottawa University, I couldn’t land a marketing job.

At the time, I didn’t really know what the next step was but I knew I wanted to stay connected to what I loved. Being a former university basketball player and seeing the rise of gaming, I decided to try combining both.

That led to two charity initiatives:

All-Star Charity Shootout a basketball event I built over six installments, bringing together some of Canada’s top players across multiple cities while raising over $74,000 for organizations like the Canadian Cancer Society, Heart & Stroke, Kids Help Phone, and Make-A-Wish.

University Gaming Charity Events campus tournaments where I got to learn, experiment, and work with sponsors like Microsoft Canada.

Looking back, I didn’t have it all figured out. I was just trying things, learning as I went, and hoping it would lead somewhere.

Those experiences eventually led me to a marketing management role at one of the largest financial companies, and later shaped the path to where I am today with The Better Planning Group Inc.

Sometimes, you just have to bet on yourself.
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#BetOnYourself #CharityEvents #Throwback #CareerJourney #Entrepreneurship

Most people think their mortgage is the biggest ex

Most people think their mortgage is the biggest expense leaving their household.

It’s not. It’s taxes and they show up everywhere: payroll deductions, sales tax, property tax, fuel… and more.

This tax season, don’t just focus on filing. Focus on planning. Your money deserves it.
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#TaxPlanning #FinancialAwareness #MoneyMatters #FinancialTips #CanadianFinance TaxSeason

Millions bet. Returns don’t lie Since 2005, bett

Millions bet. Returns don’t lie

Since 2005, betting on top teams? Tiny returns.
Investing in the S&P 500? About 150%.

When in doubt → UNC
When it matters → the market

PS: Not AI....I actually played university back in the day 🤷🏽‍♂️
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#MarchMadness
#Basketball
#Investing
#FinanceTips
#SP500
MoneyMatters
FinancialPlanning

Most people think tax season is April. But April

Most people think tax season is April.

But April is just when taxes are filed.

The real strategy happens all year round.

Tax Paying Season ≠ Tax Planning Season.

#TaxPlanning #PersonalFinance #MoneySmart #FinancialStrategy

You’re not broke. You’re just playing a game you w

You’re not broke.
You’re just playing a game you were never taught the rules to.

Tax on earning.
Tax on spending.
Tax on investing.
Tax at the end.

Financial literacy isn’t optional anymore.
It’s survival.

#FinancialEducation #TaxPlanning #WealthBuilding #BetterPlanning

Same house. Different price. Your credit score de

Same house.
Different price.

Your credit score decides which one you pay.
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#CreditScore #MortgageTips #HomeBuying #PersonalFinance #financialliteracy

"$0 commission" doesn’t mean no cost. Hidden fees,

"$0 commission" doesn’t mean no cost. Hidden fees, taxes, retirement and estate planning gaps can quietly reduce your returns. Know what you actually keep.

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#InvestingAwareness #FinancialPlanning #SmartInvesting #financialeducation #moneymatters

Incorporation can unlock tax flexibility and prote

Incorporation can unlock tax flexibility and protection, but only when it fits your situation.

There’s no one-size-fits-all answer.
Only clarity, strategy, and intentional decisions.

#FinanceSimplified
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#BusinessFinance #SmallBusinessCanada #EntrepreneurCanada #TaxPlanning SelfEmployed

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® The Better Planning Group Inc.