Should you incorporate your business, or stick with a sole proprietorship? In this episode, Tré and Sierra unpack what a corporation really is, how it works, and why it’s one of the most powerful wealth-building tools available to Canadians. Tré explains the real advantages—legal protection, tax efficiency, and control over income timing—while also calling out the pitfalls that sink small business owners who treat their corporations like personal piggy banks. Whether you’re a freelancer, prof...
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Should you incorporate your business, or stick with a sole proprietorship? In this episode, Tré and Sierra unpack what a corporation really is, how it works, and why it’s one of the most powerful wealth-building tools available to Canadians. Tré explains the real advantages—legal protection, tax efficiency, and control over income timing—while also calling out the pitfalls that sink small business owners who treat their corporations like personal piggy banks. Whether you’re a freelancer, prof...
Ep. 10 | The Middle-Class Trap — How Households Earning $100K–$200K Fall Behind
Plain English Finance
41 minutes
3 months ago
Ep. 10 | The Middle-Class Trap — How Households Earning $100K–$200K Fall Behind
Send us a text Earning six figures used to mean financial security. Now? That mindset could be a trap. In this episode, Tré tackles the hidden risks for Canadian households earning between $100,000 and $200,000. This range feels comfortable, but it’s where lifestyle inflation, car loans, and poor planning quietly eat away at your financial future. Tré offers a practical, no-fluff guide to budgeting, systematizing cash flow, and staying on track. You’ll learn: Why $150K/year isn’t the safety n...
Plain English Finance
Should you incorporate your business, or stick with a sole proprietorship? In this episode, Tré and Sierra unpack what a corporation really is, how it works, and why it’s one of the most powerful wealth-building tools available to Canadians. Tré explains the real advantages—legal protection, tax efficiency, and control over income timing—while also calling out the pitfalls that sink small business owners who treat their corporations like personal piggy banks. Whether you’re a freelancer, prof...
