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Archive for August, 2013

Investing with huge tax savings!

bigstockphoto_Couples_In_Love__3910036Paying taxes is a necessary evil, but sometimes I feel too much goes into the thin air and I am hopeless, can do nothing about it. Now, little smart and a lot of thinking, research and listening I came up with something, nothing new, to tell you.

There is a way to get back at the taxman and it is legal and within the law. You must save for your retirement, but it is not the same how you arrive there and with what. RRSP is a great way to put away your hard earned money and it is even better, you will not pay tax on the portion you allotted to put into your plan. So there it is, you have rescued some of your browns from CRA and it does not stop here. As investing into private mortgages is allowed by the government, have to make your RRSP plan to be self directed and you off to huge profit, most importantly tax free as far the earnings are going back into your plan.

Your funds can earn double digit return, making your plan to grow fast and efficient way to more savings. Not yet, keep reading. Most likely when you put some mullah away you will be in the highest tax bracket, so the tax saving part will be big, much bigger than when you retired, presumably in the lowest tax bracket of your life.

Bingo, you have legally cheated on the taxman again. Added bonus, if all above makes sense to you, you will visit us and take a peek, how the process works. No racket science, just good old way to invest and make sure you get the best of it. Banks are doing this for centuries and they are quite good at it. So should you be and retire with dignity and a pot of gold enables you to follow up on YOUR bucket list, if you know what I mean. I call you if you want me, email me.

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It comes down to tax savings, profit taking

Did you know, if you cannot beat them you have to join them?

retire_facebookTalking about investments.

If you in Rome, do like the Romans.

You make a deposit into your bank account, meaning in reality, the bank borrows from you. Your return from them is less than the inflation, so your money’s buying power is diminishing and fast. In the other hand, you borrow the very same money from them for three times the rate you are getting, so they are making huge profit, what they do not share with you, though it is your dough. What do you think who is smart here? Not you it is damn sure.

On the other hand, you can do like the Bank (not the Romans) Borrow personal line of credit, equity line of credit, pay 3-4% to the bank and lend it out into safe, capital protected mortgages, earn double digit return (10-16%) beating them at their own game. Also do not forget if you get a line of credit you only pay interest on the portion you use at any given time.

To make it more interesting, guess what. The line of credit interest you pay to the bank is TAX deductible. Now this is what I call a double whammy, besides I will call you a smart investor.

In case I have got your attention you just visit me on our website and if you like what you see call me to discuss, I will be glad to answer all your questions.

Almost forgot, these type of investments are RRSP eligible, with added TAX savings ( don’t you just like to cheat on the tax man legally) and you will be able to retire in time to enjoy your golden age with some money in your packet. It called in dignity.