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. 18 | Why RRSPs Are Overrated (Unless You Know What You’re Doing)
Plain English Finance
43 minutes
1 month ago
Ep. 18 | Why RRSPs Are Overrated (Unless You Know What You’re Doing)
Most Canadians treat RRSPs like a retirement silver bullet, and most are using them wrong. In this episode, Tré explains why Registered Retirement Savings Plans (RRSPs) are powerful tools only when used strategically. He breaks down what RRSPs actually are, how they affect your taxes, and why the way most people use them could hurt their retirement. This episode is essential if you’ve ever contributed just to get a tax refund — or if no one’s explained what happens when you take the money out...
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...
