EQ Bank vs Wealthsimple Cash
Million Dollar Journey
by FT
1w ago
We throw the name EQ Bank around here quite frequently as it is our top rated online bank in Canada. And most people have heard of Wealthsimple or know someone who uses one of their many products. So, an EQ vs Wealthsimple matchup of elite savings account options is likely to determine the take the…The post EQ Bank vs Wealthsimple Cash appeared first on Million Dollar Journey ..read more
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Stocktrades ETF Insights Review
Million Dollar Journey
by FT
2w ago
What Is Stocktrades ETF Insights? ETF Insights is a platform that wants to help you cut through the noise, and select the best ETF for your RRSP, TFSA, or other accounts. It’s that simple. Twenty years ago there were only a few Exchange Traded Funds (ETFs) out there to choose from, and they were basically…The post Stocktrades ETF Insights Review appeared first on Million Dollar Journey ..read more
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RRSP vs IPP for Canadian Business Owners
Million Dollar Journey
by Kyle Prevost
3w ago
In my recent articles about paying yourself in salary vs dividends from a CCPC, as well as investing within a Canadian corporation, we explored the tradeoffs involved in trying to optimally manage both your personal and business’s finances. The final step in that journey is deciding whether to set up an Individual Pension Plan (IPP)…The post RRSP vs IPP for Canadian Business Owners appeared first on Million Dollar Journey ..read more
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Selling a Business to Retire in Canada
Million Dollar Journey
by Kyle Prevost
1M ago
I’ve been on a real small business/CCPC kick here at MDJ over the last month, and my end goal was always to get to a place where we could make an informed decision on how to best sell a business before we retire – or create an alternative exit plan for our retirement. But as…The post Selling a Business to Retire in Canada appeared first on Million Dollar Journey ..read more
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Investing Inside a Corporation for Retirement in Canada
Million Dollar Journey
by Kyle Prevost
1M ago
Before you jump into the details of investing inside of a corporation for your retirement, it’s likely worth taking a few minutes to read my articles on paying yourself from your corporation with salary vs dividends, as well as how corporate taxes work in Canada and how to use Horizons Swap ETFs to lower your…The post Investing Inside a Corporation for Retirement in Canada appeared first on Million Dollar Journey ..read more
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 EQ Notice: NEW Account from EQ Bank
Million Dollar Journey
by FT
1M ago
What is the EQ Notice Account? There are three things you need to know about the NEW EQ Notice Account: 1) It’s a brand new product in Canada – no other bank has it. It’s based on a model that has been around for decades over in the UK. 2) Your money will be fully…The post  EQ Notice: NEW Account from EQ Bank appeared first on Million Dollar Journey ..read more
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PolicyMe Review (Term & Critical Illness Insurance Online)
Million Dollar Journey
by Kyle Prevost
1M ago
Solid term life insurance and critical illness insurance are essential parts of disaster-proofing your life. This PolicyMe review shows how to get the best deal when it comes to comparing these types of insurance policies in Canada. While PolicyMe began as an insurance comparison and brokerage site, its core mission to focus people on getting…The post PolicyMe Review (Term & Critical Illness Insurance Online) appeared first on Million Dollar Journey ..read more
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Canada’s 2024 Budget – New Taxes on Capital Gains
Million Dollar Journey
by Kyle Prevost
3M ago
Canada’s new tax rules on capital gains mean that you’re now likely to pay more taxes if you own a cottage, pass away with an unregistered online brokerage account, or investing inside of your corporation. Of course, right when I’m in the middle of writing a series on corporate taxes for CCPCs and am writing…The post Canada’s 2024 Budget – New Taxes on Capital Gains appeared first on Million Dollar Journey ..read more
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Salary vs Dividends in Canadian Corporations: Paying Yourself as a Small Business Owner
Million Dollar Journey
by Kyle Prevost
3M ago
In preparation for our dividends vs salary comparison for Canadian small business owners, we took a broad look at Canadian corporate taxes last week. I admit – it wasn’t exactly light fare.  But the low-tax juice will be worth the squeeze! Today, we’re going to focus on Canadian Controlled Private Corporations (CCPCs) with annual income…The post Salary vs Dividends in Canadian Corporations: Paying Yourself as a Small Business Owner appeared first on Million Dollar Journey ..read more
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CCPC Taxation: Canadian Corporations for Small Business Owners
Million Dollar Journey
by Kyle Prevost
3M ago
I’ve been getting a lot of questions recently in regards to Canadian corporations and taxes for small business owners that have a CCPC (Canadian-Controlled Private Corporation). Most of these inquiries want seemingly simple questions answered – something along the lines of, “Ok, so if I made this much profit in my company this year and…The post CCPC Taxation: Canadian Corporations for Small Business Owners appeared first on Million Dollar Journey ..read more
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