Tax Talk Podcast
A monthly podcast with a wide range of guests focused on helping Canadian small business owners make decisions surrounding incorporation, growing their business efficiently, and implementing successful succession, estate planning & tax planning strategies.
Tax Talk Podcast
Tax-Smart Investing Made Simple | EP 055
Confused by RSPs, TFSAs, and other investment opportunities but still want to grow your legacy of wealth? Join us as we break down Canada's key investment accounts and reveal tax-saving strategies that could save you thousands.
What You'll Discover:
- RSP withdrawal timing
- TFSA optimization for tax-free growth and inheritance planning
- New FHSA secrets for first-time homebuyers
- Investment types explained: stocks, bonds, ETFs, and alternatives
- Corporate vs. personal investment tax strategies
- House flipping rules and capital gains implications
You’ll also learn why timing your RSP withdrawals between retirement and age 70 is crucial, how to maximize TFSA benefits for your estate, and the investment strategies that work best for your situation.
This podcast episode is ideal for Canadian investors, business owners, and individuals serious about building wealth while minimizing their tax burden.
Subscribe for expert insights from Legacy Accounting LLP and visit legacyllp.ca for personalized financial guidance.
Find us at:
reception@legacyllp.ca
Need to get in touch with Stephen?
Stephen van Santen
Bridgeline Wealth
svansanten@bridgelinewealth.ca
403-986-1437
#investing #smallbusinessfinance #accounting
00:00 Kicking it off
00:44 Overview of the episode
01:51 Registered Retirement Savings Plans (RRSP)
06:17 Tax Free Savings Accounts (TFSA)
10:14 Non-Registered Accounts
13:38 Registered Education Savings Plans (RESP)
17:05 Registered Disability Savings Plans (RDSP)
18:28 First Time Homebuyers Savings Account (FHSA)
21:54 Investment Types: Stocks, Mutual Funds, ETFs, Bonds, GICs, and Real Estate
29:45 Best investment types for corporations
31:29 Best investment types for personal use
32:16 Extra tax-smart investment tips
35:00 Wrapping it all up
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