The Million Dollar Mistake Most Canadians Are Making Part 3 | Smith Maneuver Edition

Canadian Wealth Secrets

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22d ago 23:05

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Are you making the million-dollar mistake most Canadians don't realize until it's too late?

If you're laser-focused on crushing your mortgage as fast as possible, it might feel like the smartest move — but what if that strategy is silently costing you hundreds of thousands in long-term wealth? In this episode, Jon Orr and Kyle Pearce break down the numbers behind three key financial paths, and reveal how smart structuring — not more money — is what truly builds wealth. Whether you're curious about investing early, optimizing tax strategies, or leveraging your home equity, this is a must-listen.

Here’s what you’ll learn:

Why paying off your mortgage faster could leave you significantly worse off — and what to do instead
How the Smith Maneuver can turn your mortgage into a wealth-building tool without increasing your monthly contributions
The specific numbers behind three real-life financial scenarios — and which one leads to over $600K more in long-term net worth

Hit play now to uncover how small shifts in strategy could lead to massive financial gains.

Ready to take a deep dive and learn how to generate personal tax free cash flow from your corporation? Enroll in our FREE masterclass here and book a call here

Discover which phase of wealth creation you are in. Take our quick assessment and you’ll receive a custom wealth-building pathway that matches your phase and learn our CRA compliant tax optimized strategies. Take that assessment here.

Canadian Wealth Secrets Show Notes Page:

Consider reaching out to Kyle

if you’ve been…

…taking a salary with a goal of stuffing RRSPs;
…investing inside your corporation without a passive income tax minimization strategy;
…letting a large sum of liquid assets sit in low interest earning savings accounts;
…investing corporate dollars into GICs, dividend stocks/funds, or other investments attracting corporate passive income taxes at greater than 50%; or,
…wondering whether your current corporate wealth management strategy is optimal for your specific situation.

In this episode, we explore whether paying off your mortgage early or investing is the smarter financial move, especially in the context of rising interest rates. We discuss leveraging tools like a HELOC for real estate investing and how strategies like Canadian investing, infinite banking, and bank on yourself through participating whole life insurance, permanent life insurance, or universal life insurance can help grow your wealth while minimizing income taxes and enhancing estate planning.

Ready to connect? Text us your comment including your phone number for a response!

Canadian Wealth Secrets is an informative podcast that digs into the intricacies of building a robust portfolio, maximizing dividend returns, the nuances of real estate investment, and the complexities of business finance, while offering expert advice on wealth management, navigating capital gains tax, and understanding the role of financial institutions in personal finance.

173 episodes

#Trading #Business #Jon Orr #Kyle Pearce #Kyle Pearce and Jon Orr #Canadian #Income Tax #Investment Strategies #Investment/tax #Portfolio #Dividend #Real Estate Investing #Business Finance #Wealth Management #Capital Gains Tax #Financial Institution