On today’s April update episode, Darren and Christina do an analysis of the 2023 Canadian federal budget including increases on tax rate, 1.18 trillion dollars in federal debt, but no changes to life insurance! They also chat about the updates to RESP as well as how the insurance companies that are compatible with infinite banking fared this past year in terms of revenue. Tune in now!

Show notes:

00:00 - Introduction

1:00 - Thank you to our listeners/viewers!

2:05 - Budget Analysis

5:00 - Government’s solution for housing crisis

8:35 - RESP Updates

11:55 - Alcohol tax increase gets lowered…Canadians let out sigh of relief

13:05 - Insurance companies update

14:05 - Inflation and interest rates update

16:30 - C&C episode update

TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us

FIND US ON:

INSTAGRAM: https://www.instagram.com/controlandcompound/

TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en

FACEBOOK: https://www.facebook.com/controlandcompound

On today’s episode, Darren and Christina are breaking down the Canada Pension Plan and Old Age Security. They go over the ins and outs of each fund and most importantly, let you in on a few dirty little secrets of the CPP. Tune in now!

Show notes:

00:00 - Introduction

1:55 - What can you get from CPP and OAS?

4:00 - Breaking down OAS (old age security)

11:15 - Breaking down Canada pension (cpp)

16:35 - Why is age 65 the most common age to take CPP?

22:05 - The dirty little secrets of CPP

TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us

FIND US ON:

INSTAGRAM: https://www.instagram.com/controlandcompound/

TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en

FACEBOOK: https://www.facebook.com/controlandcompound

On today’s episode, Darren and Christina break down the differences between universal life policies and participating whole life policies including the fees associated, tax differences, the volatility difference, and which one you should be using for an infinite banking policy. Tune in now!

Show notes:

00:00 - Introduction

3:05 - What is a Universal Life Policy

6:25 - Fees associated with Universal Life

10:30 - Volatility of a Universal Life Policy

13:40 - How many can you access from each policy?

17:15 - What are the tax advantages of each policy?

22:15 - Why is there confusion between the two policies?

24:15 - YRT vs. Level

29:50 - Summary of the policies

TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us

FIND US ON:

INSTAGRAM: https://www.instagram.com/controlandcompound/

TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en

FACEBOOK: https://www.facebook.com/controlandcompound

On today's episode, Darren welcomes Cherry Chan to the podcast! Cherry is a CPA and probably the most recognized real estate investing accountant in Canada and Darren and Cherry chat about how real estate investors can avoid paying unnecessary taxes when doing business. Tune in to this one, you don't wanna miss it!

Show notes:

00:00 - Introduction to Cherry Chan

6:20 -  What taxes do you need to be aware of as a real estate investor

15:55 - Should you incorporate for tax purposes?

21:35 - New flipping rules

28:35 - PREC (Personal Real Estate Corporation) vs. small business

32:50 - How difficult is it to invest in USA

38:00 - Tax implications for Airbnbs

42:55 - Common tax questions

TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us

FIND US ON:

INSTAGRAM: https://www.instagram.com/controlandcompound/

TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en

FACEBOOK: https://www.facebook.com/controlandcompound

FIND CHERRY CHAN ON:

INSTAGRAM: https://www.instagram.com/realestatetaxtips/?hl=en

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

WEBSITE: https://realestatetaxtips.ca/

On today’s episode, Darren and Christina dive deep into the world of joint venture deals and dissect what it takes to form a strong partnership to secure a successful joint venture. Darren also talks about the current joint venture deal he has going on in his portfolio. Tune in now!

Show notes:

00:00 - Introduction

00:45 - What’s a joint venture deal?

2:25 - How do I find a joint venture deal?

3:45 - Finding the right partner

10:20 - Contingency plans and setting up the joint venture partnership

13:15 - Example of a joint venture deal

16:15 - Using infinite banking in a joint venture deal

22:45 - Darren’s joint venture deal

TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us

FIND US ON:

INSTAGRAM: https://www.instagram.com/controlandcompound/

TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en

FACEBOOK: https://www.facebook.com/controlandcompound

On today’s March Update episode, Darren and Christina chat about a potential recession coming, an update on the stock market and real estate market and they also have some great news in the insurance industry! Tune in now!

Show notes:

00:00 - Introduction

00:30 - Is a recession coming?

2:55 - Interest rates announcement on March 8, will there be a hike?

4:05 - Stock market update

6:50 - Real estate market update

8:25 - Control and Compound news - New Real Estate Webinar

11:00 - Insurance Industry Update

14:00 - Podcast episodes you may have missed

15:00 - Upcoming podcast episodes

TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us

FIND US ON:

INSTAGRAM: https://www.instagram.com/controlandcompound/

TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en

FACEBOOK: https://www.facebook.com/controlandcompound

If you have children, you need to check this episode out! Darren and Christina break down the difference between using an RESP (registered education saving plan) and an infinite banking policy on a child. The results are incredibly impactful and if you were thinking an RESP is the right choice before this episode, your mind may very well be changed by the end of it! Tune in now.

Show notes:

00:00 - Introduction

1:50 - What can you use an RESP for?

5:05 - How does an RESP work?

8:05 - What happens ifyour child (the beneficiary) doesn’t attend a higher education institution?

13:50 - Risk/tolerance of putting RESP in stock market

18:15 - Example of an RESP policy in action

20:15 - Infinite banking policy on child in action

29:40 - What an infinite banking child policy can do in comparison to an RESP

TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us

FIND US ON:

INSTAGRAM: https://www.instagram.com/controlandcompound/

TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en

FACEBOOK: https://www.facebook.com/controlandcompound

On today’s episode, Darren sits down with Josh Findlay and Ehren Laycock of the Findlay Mortgage Team to discuss all things mortgages including where to look for a mortgage, the most common types of mortgages, the key differences between A and B lenders, as well as some other unique products that investors are using these days. Tune in now!

Show notes:

00:00 - Introduction

1:18 - Intro to Josh and Ehren from Findlay Mortgage

4:50 - Where should I look for a mortgage?

8:10 - Most common mortgage for a buy and hold?

11:15 - A vs. B lenders; Key differences between them and what they’ll give you

14:00 - What kind of interest rates; A side vs B side lending

21:00 - Options besides A and B

25:45 - When would you use a mortgage investment company?

31:00 - Are lenders more hesitant in a small town vs. big city?

39:35 - Any other unique products that investors are using?

42:05 - How to get in touch with Findlay Mortgage

TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us

FIND US ON:

INSTAGRAM: https://www.instagram.com/controlandcompound/

TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en

FACEBOOK: https://www.facebook.com/controlandcompound

FIND FINDLAY MORTGAGE ON:

WEBSITE: https://www.findlaymortgage.com/

INSTAGRAM: https://www.instagram.com/thefindlayteam/?hl=en

YOUTUBE: https://www.youtube.com/channel/UCHyUMXqdg7zMJgjmFJpUfqg/videos

On today’s episode, Darren and Christina break down all of the types of insurance that you can purchase, which ones are the most important, which ones are maybe not exactly necessary, and everything in between! Tune in now.

Show notes:

00:00 - Introduction

1:25 - What is your greatest asset?

2:05 - Breaking down critical illness insurance

8:40 - Disability insurance and why it differs from critical illness insurance

10:00 - Personal vs. group disability insurance

15:20 - Breaking down accidental death and dismemberment insurance

19:25 - Breaking down long term care insurance

22:35 - What are health care spending accounts

26:40 - Breaking down health and dental insurance

31:50 - Breaking down home and auto insurance

35:35 - Christina’s favourite! Pet insurance

TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us

FIND US ON:

INSTAGRAM: https://www.instagram.com/controlandcompound/

TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en

FACEBOOK: https://www.facebook.com/controlandcompound

On today’s episode, Darren and Christina break down how to flip a house properly including how to find the best deal, understanding ARV, doing the most efficient renovations, and most importantly, how the infinite banking strategy completely enhances the process of successfully flipping a property. Tune in now!

Show notes:

00:00 - Introduction

3:24 - Finding the best deal

6:30 - Understanding ARV - After Repair Value

10:00 - Finding the money to take on the flip

10:55 - Renovations

12:30 - Selling the property

14:00 - How does infinite banking enhance flipping

19:10 - The ideal property to buy

TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us

FIND US ON:

INSTAGRAM: https://www.instagram.com/controlandcompound/

TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en

FACEBOOK: https://www.facebook.com/controlandcompound