RRSP Refund Mistake EXPOSED | Most Canadians Do This Wrong скачать в хорошем качестве

RRSP Refund Mistake EXPOSED | Most Canadians Do This Wrong

Every year, many Canadians make a common mistake with their tax refunds, treating them as a bonus rather than an opportunity for smart personal finance. This video explains financial strategies, contrasting an amateur approach of spending tax refunds with a pro strategy for wealth creation through reinvestment. We detail concepts like cash drag, automation, and the "Tale of Robert" with six key steps for financial planning, particularly highlighting the impact of taxes on investments and the advantages of a TFSA. STOP. Your tax refund is NOT a bonus. If you treat your RRSP refund like "found money" to buy a TV or a vacation, you haven't saved a dime. You’ve just taken out a high-interest loan from the CRA... and the bill is coming due in retirement. In this video, we conduct a full 6-Point Compliance Audit on your retirement strategy. We’re dismantling the "RRSP Refund Myth" and showing you the only mathematical way to beat the tax man: The Gross-Up Strategy. 👇 MY PREFERRED BANKING & INVESTING TOOLS 👇 The "Execution Gap" Fix (Automated Investing) is used to automate your refund reinvestment instantly. Wealthsimple: https://www.wealthsimple.com/invite/H... (Get a $25 cash bonus when you fund your account) High-Interest Savings & GICs: Where I park cash for short-term goals. 🇨🇦 EQ Bank: https://join.eqbank.ca?code=mohammed2931 International / Cross-Border Banking The best way to receive international dividends/payments with low fees. Wise: https://wise.com/invite/dic/mohammedk... 🔓 THE 2025 RISK-FIRST CALCULATOR (FREE TOOL) Don't guess your numbers. This tool calculates your exact Gross-Up loan size (QC/NS included) and generates the PDF bank letter for you. 👉 Unlock the Calculator Here: https://forms.gle/KD1Zi4vER79cnvEs7 📚 THE "AUDIT YOUR WEALTH" READING LIST (FREE) These are the tactical manuals I used to build the strategies in this video. You can listen to them for FREE with an Audible Trial. Note: You keep the books forever, even if you cancel the trial. Reboot Your Portfolio (Dan Bortolotti) The step-by-step manual for Canadian ETF investing & Asset Location. 🇺🇸 US Listeners (Free Trial): https://amzn.to/4pj4mRp 🇨🇦 CA Listeners (Free Trial): https://amzn.to/4jpZPLF Millionaire Teacher (Andrew Hallam) How to build a 7-figure portfolio on a normal salary. 🇺🇸 US Listeners (Free Trial): https://amzn.to/44TRH07 🇨🇦 CA Listeners (Free Trial): https://amzn.to/45rDcRf The Simple Path to Wealth (JL Collins) The guide that started the FIRE movement. 🇺🇸 US Listeners (Free Trial): https://amzn.to/45wvBAP 🇨🇦 CA Listeners (Free Trial): https://amzn.to/4avvmcM 💡 Architect's Note: Listening to these during your commute is the highest ROI investment you can make this year. IN THIS VIDEO: We walk through the "Compliance Audit" framework to ensure you aren't digging a financial grave: Box 1: The Joint Venture: Why the government owns 30%+ of your portfolio. Box 2: The Gross-Up Formula: The specific calculation to find your TRUE contribution target. Box 3: The Execution Gap: How to automate away "hesitation" and cash drag. Box 4: The Short-Term Loan: How to use a Feb loan to fund the gap and pay it off in April. Box 5: Asset Location: Why US Dividends belong in the RRSP (Tax Treaty secrets). Box 6: The Exit Strategy: Avoiding the deadly OAS Clawback trap. 🛑 DON'T MISS THIS NEXT "The 8 Common TFSA Traps That Destroy Returns" 👉    • Most Canadians Make This TFSA Mistake Befo...   DISCLAIMER: This video and description may contain affiliate links, which means that if you click on one of the product links, I’ll receive a small commission. This helps support the channel and allows us to continue to make videos like this. Thank you for the support! FINANCIAL DISCLAIMER: The information contained in this video and the resources available for download/viewing through this channel is for educational and informational purposes only. I am not a financial advisor, and this is not financial advice. Always do your own research and consult a licensed professional before making any investment decisions. LEGAL DISCLOSURE: I am a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.ca and Amazon.com. Many Canadians make a common mistake with their tax refunds, treating them as a bonus rather than an opportunity for smart personal finance. This video explains financial strategies, contrasting an amateur approach of spending tax refunds with a pro strategy for wealth creation through reinvesting your rrsp tax refund. We detail concepts like cash drag, automation, and the "Tale of Robert" with six key steps for financial planning, particularly highlighting the impact of taxes on investments and the advantages of a tfsa, all crucial for effective retirement planning.