On today’s episode, Darren and Christina are breaking down the capital dividend account? Are you a business owner and you’re trying to figure out how to get money out of your corp without paying way TOO much in tax? Well this episode is for you! They go through everything you need to know about the CDA as well as an example of how it works and why pairing it with life insurance can supercharge the account. Tune in now!

Show notes:

00:00 - Introduction

3:45 - What is the capital dividend account (CDA)?

5:45 - What funds the capital dividend account?

9:35 - How does the CDA work with life insurance?

17:35 - Example of impact the CDA can have

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On today’s episode, Darren and Christina are breaking down the RRSP and go over some features that a lot of people may have overlooked! They answer questions like “is an RRSP tax deductible” and “do RRSPs grow tax free” among others and compare the RRSP to other savings vehicles that are necessarily attached to the government. Tune in now!

Show notes:

00:00 - Introduction

4:15 - Is an RRSP tax deductible?

5:20 - Do RRSPs grow tax free?

6:15 - Would you rather have 1 million in an RRSP or $700,000 in a non-government investment vehicle?

7:25 - Planning to retire in a lower tax bracket??

9:45 - Working out the math behind the RRSP

17:25 - Spending the money in your RRSP

25:30 - Characteristics of an ideal investment: does the RRSP check all the boxes?

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On today’s episode, it’s the February update and Darren and Christina are going over everything you need to know including where interest rates are heading this year, the big news for Bitcoin, and where Canada’s real estate market is headed, among other things. Tune in now!

Show notes:

00:00 - Introduction

1:15 - Bank of Canada and interest rates

4:25 - Bitcoin update

6:40 - Real estate market update

10:45 - Canadian economy update

15:10 - Industry news: Dividend announcement

18:50 - Control and Compound news

20:45 - Podcast news

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On today’s episode, Darren and Christina break down the characteristics of the ideal investment including things like growing tax free, available at all times, separate from the government, etc. You might be surprised that the ideal investment or at least something very close to it actually exists and Darren and Christina are going to tell you about it!

Show notes:

00:00 - Introduction

1:30 - What is an investment?

5:25 - Characteristics of the perfect investment

15:30 - Is a high cash value life insurance policy the perfect investment?

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On today’s episode, Darren is joined by Ken Dunn, an expert in fundraising and real estate investing. Darren and Ken chat about how Ken got his start in real estate, what led him to where he is today, and they talk about specific projects he’s working on in the cottage and resort industry. If you’re a new real estate investor and you want to know how to raise funds for your projects, you do not want to miss this episode!

Show notes:

00:00 - Introduction

1:40 - Ken’s background and how he found his way to where he is today

5:55 - How did Ken get into resort and cottage rentals?

8:05 - What criteria is Ken looking for when purchasing a resort?

12:50 - How does Ken finance a resort?

21:05 - Ken’s hot tub company story

23:45 - Ken’s advice for a real estate investor who’s about to start raising funds

27:30 - Best way to contact Ken

FIND KEN ON:

WEBSITE: https://www.KenDunn.com

YOUTUBE: https://www.youtube.com/@kendunnCDV

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On today’s episode, Darren and Christina are breaking down part 6 of Nelson Nash’s book “Becoming Your Own Banker”. They go over pages 48 and 49 which covers how to “expand your infinite banking system” to accommodate ALL of your income. You don’t want to miss this one, tune in now!

Show notes:

00:00 - Introduction

3:30 - Setting up your policies properly

7:50 - “Expanding the system”

10:20 - Long term look at having multiple policies

14:20 - Example of business owner with multiple policies

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On today’s episode, Darren and Christina are talking about all things passive income including the new taxes, the rules of passive income, having passive income within your corporation, and solutions to lowering or even getting rid of tax on that income. Tune in now!

Show notes:

00:00 - Introduction

1:30 - Breaking down the new passive income rules

7:40 - The rules of passive income

11:00 - Solutions to mitigating the passive income tax

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On today’s episode, Darren is joined by the Condo King, Simon Yan. The two chat about how Simon got involved in real estate, what led him to flipping condos, how he has found success in that area, and why he’s now become a mentor to share his wisdom to aspiring real estate investors/condo flippers. Tune in now!

Show notes:

00:00 - Introduction

00:25 - How did Simon first get involved with real estate?

3:20 - What does a typical condo flip look like?

4:20 - Finding the best condos to flip

6:20 - Process of buying a renovating a condo

12:45 - What type of technology/tools is Simon using to determine a condo’s worth?

15:00 - Are there any unique challenges with condo flipping compared to traditional house flipping?

17:10 - Why did Simon start a mentoring program to share his wisdom?

21:05 - Are there special permits Simon needs to get for condo flipping?

22:40 - Is there a fear that the condo market will drop?

28:15 - Does Simon have a particular type of condo he likes working on?

29:50 - Example of one of Simon’s condo flips

32:05 - Simon’s advice for new condo flippers

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Happy New Year everyone! On the first episode of 2024, Darren and Christina are going through their predictions for the year including whether or not we’re heading for a recession, interest rates, inflation, as well as Darren’s take on bitcoin, is it officially back?? Tune in to find out!

Show notes:

00:00 - Introduction

1:40 - Prediction for 2024 interest rates

4:25 - Will Canada go into a recession in 2024?

6:00 - Prediction for inflation in 2024

7:20 - Prediction for the stock market in 2024

8:55 - Prediction for Canadian housing market in 2024

12:10 - Prediction for Bitcoin in 2024

14:40 - Christina’s prediction for AI in 2024

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On today’s episode, it’s Christmas day and it also happens to be episode 100!! Darren and Christina go over the past year and talk about setting goals for 2024 and the best methods you can use to reach your goals. Tune in now, we’ll see you in 2024!

Show notes:

00:00 - Introduction

1:30 - Reflecting on 2023

4:15 - Setting goals for 2024

6:45 - SMART goals

9:20 - How thoughts can directly impact your behavior - MINDSET

14:15 - Cultivating a growth mindset

15:40 - Accountability and support

19:05 - Control and Compound’s goals

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