Loonie Doctor @LoonieDoctor Twitter profile

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Loonie Doctor

@LoonieDoctor

4 months

@AaronHectorCFP What annoys me is he talks about the tax on income for the nurse, and the tax on capital gains for the investment banker, but skips the step of the banker paying $384K (if ON) tax on their income before being able to invest it (and gain or lose on the investment). Disengenious.

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Loonie Doctor

@LoonieDoctor

5 months

I made an online tax table to show tax rates and integration for corporation vs personal. Adjustable for province and different tax brackets. Updated it for the new capital gains changes. Also has integration for other active and passive income types. Will link to the beta below.

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Loonie Doctor

@LoonieDoctor

4 months

CCPC owners who neglected their TFSAs & grew capital gains in their corps instead have a chance to catch up. A capital gains harvest is a tax-efficient way to move money from the corporation into personal hands to fill that TFSA. A slam dunk. Link to article in comments.

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Loonie Doctor

@LoonieDoctor

7 months

This week on The Money Scope, @benjaminwfelix & I discussed some practical challenges with portfolio design & execution. Knowing all of your risks, overconfidence, DCA vs lump sums, and rebalancing when it hurts real good. And more big decisions with real money. Link in comments

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Loonie Doctor

@LoonieDoctor

1 year

Corporate class funds are very tax efficient. Until they aren’t. Last week’s post showed how much open water Horizons corp class ETFs have. This week I unpack what hitting a tax berg could look like. Peak beneath the surface.

Tax Bergs: Risk for Corporate Class Funds

Corporate class swap ETFs can be extremely tax efficient. Until they aren't. Learn about the tax risks to spot them and plan accordingly.

www.looniedoctor.ca

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Loonie Doctor

@LoonieDoctor

5 months

Calculator comparing personal capital gains. Sell before June 25th vs not? Impact on after-tax portfolio value and future drawdown income. I put CCB in just for @AravindSitham . More planning tools coming from my friends at @PWLCapital too. We're sharing notes. Link in comments.

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Loonie Doctor

@LoonieDoctor

2 years

Strategies to Withdraw Big Money From Your Corporation Tax Efficiently

Learn about strategies to withdraw larger sums of money from your corporation to fund personal spending tax efficiently.

www.looniedoctor.ca

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Loonie Doctor

@LoonieDoctor

8 months

People chase tiny interest rate differences for saving. However, choosing something with a small amount of risk or more tax efficiency could make a bigger difference. I compare ZST, CASH, and a GIC in a personal and corp account. Link in comments.

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Loonie Doctor

@LoonieDoctor

7 months

Markets are not perfectly efficient and that is touted as an opportunity to make excess profits. Learn why trying to beat it still fails & why people try anyway. Use that to win by not losing. Link in comments.

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Loonie Doctor

@LoonieDoctor

5 months

Resistance is not futile. Learn about capital gains tax changes. Don't be an impulsive human. Digest it and make a deliberate tax plan. A link will be in the comments.

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Loonie Doctor

@LoonieDoctor

5 months

Last week @benjaminwfelix & I detailed how to pay an approximately optimal salary & dividend mix from a CCPC on The Money Scope. I spent the weekend updating my online tool. Enter income, spending, investing. Get a draft plan to discuss with your advisor. Ep 13 & tool links below

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Loonie Doctor

@LoonieDoctor

5 months

@AaronHectorCFP In 2017, I had 53.5% tax, 5% fee clawback & 7% tithe to fund our university. A terrible return on time, but I was doing important work. The PM & Wynne said we should "do a little more". People cheered. My family & I looked at what we were sacrificing in light of that. I cut back.

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Loonie Doctor

@LoonieDoctor

7 months

This week on The Money Scope, @benjaminwfelix and I covered the rules, benefits, and common mistakes using registered accounts (RESP, RDSP, FHSA, TFSA, RRSP). There is audio, video, and an annotated transcript. A comprehensive guide to come back to. Linked in the comments.

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Loonie Doctor

@LoonieDoctor

5 months

Should you realize a capital gain in a corporation before June 25th or not? There are more variables than with a personal account. It can be counter-intuitive. If you have a CCPC or advise them, here is food for thought. Not a one-course meal. Link in comments. Start chewing.

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Loonie Doctor

@LoonieDoctor

4 months

@JustinTrudeau An investment banker is easy to hate in contrast to a nurse, but he forgot to mention the $400K in tax the investment banker had to pay before being able to invest his income and potentially earn capital gains (or lose their invested money). Very disingenuous.

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Loonie Doctor

@LoonieDoctor

5 months

Incorporated & wondering what to do with the June 25th capital gains change? I made a simulator to test three strategies. Desktop or Tablet. Hopefully gets you thinking about strategies to help your clients or to be an educated client. For entertainment purposes only. Link below.

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Loonie Doctor

@LoonieDoctor

4 months

Horizons (Global X) corporate class ETFs are tax efficient if they can use their loss pool to offset income. I recently updated my post on that with the 2023 data. How much open water do they have & how fast are they churning through it? Find out in the article linked below.

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Loonie Doctor

@LoonieDoctor

5 months

@AaronHectorCFP It is actually a genius political move. They’ll pull forward capital gains taxes to get a bump this year and make the budget look better going into the election.

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Loonie Doctor

@LoonieDoctor

8 months

Ep 6 Cases: @benjaminwfelix & I explore some common ways people miss out on investment returns. Fear of recessions or impending pullbacks. Fear of taxes to switch to a more effective portfolio. Chasing hot tips (even in your field) or managers. I'll put a link in the comments.

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Loonie Doctor

@LoonieDoctor

6 months

@benjaminwfelix and I unpack cases on The Money Scope Podcast about taxable investing. *Dividends *Discount vs Premium Bonds *Criteria to use leverage *The nuts and bolts of tracking leveraged investing *Attribution rules with home equity Link to the episode page in comment

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Loonie Doctor

@LoonieDoctor

4 months

Realizing a capital gain on purpose & using the CDA in a corporation may boost corporate tax deferral or provide an opportunity to efficiently move money into personal hands to spend or invest. This week, I illustrate some pros & cons with a case in BC. Link in comments.

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Loonie Doctor

@LoonieDoctor

6 months

@JarrettHolmesFP @benjaminwfelix and I have pooled our resources to really unpack this over several upcoming episodes of The Money Scope Podcast. We've made new models to examine nuances too. It is such a common problem. A long-term planning & compensation strategy avoids the "need" for products.

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Loonie Doctor

@LoonieDoctor

5 months

What could it look like for an Ontario CCPC owner to harvest a capital gain before June 25th vs not? How to get the money out efficiently? Potential strategies are unpacked in this base case. It illustrates some important points for those helping corporate owners plan.

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Loonie Doctor

@LoonieDoctor

5 years

I had the pleasure of chatting with @Benjaminwfelix and @CameronPassmore on their @RationalRemind podcast. Great hosts and wow we covered a lot of ground!

Rational Reminder Podcast

@RationalRemind

5 years

Episode 73: Finance for Physicians: Personal Finance for High Income Earners with the Loonie Doctor

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Loonie Doctor

@LoonieDoctor

4 months

@benjaminwfelix and I recorded a Money Scope about capital gains this week. Well-considered financial and tax planning can make a difference. Rules of thumb break down quickly. Particularly when dealing with private corporations and the impending legislation. Link in comments.

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Loonie Doctor

@LoonieDoctor

7 months

Price matters and contains important information. Understand how assets like stocks or bonds are priced to get paid, not played, when you invest. Recognize hidden risks or bad instincts. A link in comments

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Loonie Doctor

@LoonieDoctor

6 months

Narrators get paid to tell great stories. Unfortunately, your investment return doesn't register on that metric. This week, I will share two stories that listening to will hopefully save you money. The second one cost me thousands. Link in the comments.

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Loonie Doctor

@LoonieDoctor

1 year

Horizons’ corporate class ETFs are very tax efficient in a personal or corporate investing account. However there is also embedded tax management risk. Is it smooth sailing ahead or is a tax-berg looming?

Trouble on the Global Ex-Horizon? Management Risks of Corporate Class Funds

Learn more about income management risk of corporate class funds. Do Horizons ETFs corporate class have smooth sailing or a tax-berg ahead?

www.looniedoctor.ca

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Loonie Doctor

@LoonieDoctor

6 months

Scams can snare people from any level of wealth or financial sophistication. These Tales of Charlatans & Chagrin illustrate some red flags to identify and avoid Ponzi & other schemes. -Charlie & The Charger Factory -The Emperor Has No Crypto Link in the Comments

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Loonie Doctor

@LoonieDoctor

4 months

@jill84221546 @AaronHectorCFP And as I said, I don't mind paying for services. But, a thanks rather than a "you've haven't been paying your share" and attempts to vilify a group of people while presenting misleading data is my principal objection.

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Loonie Doctor

@LoonieDoctor

5 months

This past week on The Money Scope @benjaminwfelix and I discuss how business owners get paid via taxable benefits, salary, and dividends. Learn more to make sure that you don't leave money on the table, but don't stick out like a thumb for the CRA buzzsaw. Link in the comments.

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Loonie Doctor

@LoonieDoctor

7 months

You want to get paid for taking investment risk. Unfortunately, there are also uncompensated risks that can get in the way. Win by not losing - diversification helps you to do that in multiple ways. A deep understanding helps you to resist the pressure to deviate. Link below.

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Loonie Doctor

@LoonieDoctor

10 months

The countdown to the release of The Money Scope Podcast by @benjaminwfelix and me is on. The prep for the scope is done. It will be much more than a podcast. Enjoy the trailer and memes. If you are >50, talk to your doctor about colon cancer screening.

The Prep is Done. The Money Scope is Ready.

The Money Scope Podcast is ready for release. More than just a podcast based personal finance curriculum for Canadian professionals.

www.looniedoctor.ca

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Loonie Doctor

@LoonieDoctor

10 months

This past year, I focused on the collaborating & connecting plank of The Loonie Doctor mission. Find out why, how, and what the means. Spoiler: there is a trailer for a major upcoming project buried in there.

Collaborating & Connecting: Update on Part Three of My Mission

I started The Loonie Doctor just a little over six years ago. It has been a passion project for me[...]

www.looniedoctor.ca

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Loonie Doctor

@LoonieDoctor

5 months

Corporation owners face some common investing dilemmas. This week, @benjaminwfelix and I discuss a few on The Money Scope Podcast. Meshing a Corp, TFSA, & RRSP Will your corp suffer from bloat? Attraction & troubles of capital gains and dividend-focused corp investing Link below

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Loonie Doctor

@LoonieDoctor

9 months

In this series of posts, I will share our family’s wealth journey. How we think about, spend, and manage our money. How that has changed over time. I will start in the early years when we built our financial foundation.

My Wealth Journey Part 1: Building Our Financial Foundation

Learn how our mindset, skills, and habits evolved as we built the emotional, mental, and financial foundation to launch our wealth migration.

www.looniedoctor.ca

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Loonie Doctor

@LoonieDoctor

7 months

People love stories. Unfortunately, there are some expensive story tellers out there. They cost investors billions. I will fight fire with fire and tell some stories to help you avoid that. Here is a picture I made as a teaser. More tall tales to come.

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Loonie Doctor

@LoonieDoctor

5 months

@benjaminwfelix Homeownership comes with the freedom to renovate it how you like and not worry about moving. Renting comes with the freedom to movewithout worrying and not bother with renovation and maintenance. When we were young, renting was freedom. Undecided for retirement: roots vs wings?

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Loonie Doctor

@LoonieDoctor

3 months

Recently, I gave my pitch for why financial education is a vital part of educating health professionals on Spark Podcast from our Programme for Faculty Development @machealthsci It helps combat burnout and powers our careers to their full potential. Link in comments.

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Loonie Doctor

@LoonieDoctor

8 months

Working on a blog post for next week, but thought this was cool. ZST is dominated by discount bonds currently. For taking some small risks, the after-tax return could be much higher than alternatives to parking cash for a few months.

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Loonie Doctor

@LoonieDoctor

5 months

@BoomerandEcho @mverbora My concern is actually more about the rhetoric than the numbers. When this gets added with a "do more of your share", then piled on by sarcasm and jealousy from the public we serve. It is demoralizing and disproportionately contributes to burnout. It is actually precarious.

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Loonie Doctor

@LoonieDoctor

8 months

In follow-up to our episode on Debt, Saving, & Investing, this week @benjaminwfelix and I walk through a couple of common debt scenarios for professionals. Case 1: Early career debt. Case 2: Keep it in the Corp vs pay the personal debt.

Ep. 5 Case Conference: Debt, Saving, Investing - The Money Scope Podcast

This is our first case conference supplemental episode. We’ve built a couple of cases with numbers to illustrate what we discussed in our main episode about debt, saving, and investing. These are...

moneyscope.ca

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Loonie Doctor

@LoonieDoctor

8 months

This past week on The Money Scope @benjaminwfelix and I discussed using debt like a time machine, accounts/products for saving, and transitioning to invest.

Episode 5: Debt, Saving, & Investing - The Money Scope Podcast

In this episode of The Money Scope, we discuss how to build a stable financial platform to launch from. That is key to successfully work towards your goals, weather bumps along the way, and live your...

moneyscope.ca

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Loonie Doctor

@LoonieDoctor

11 months

Of all the corp class ETFs, HXDM has the most potential for an advantage in a corporate account. It could be huge in some cases. Still, that must be considered against management risks. Both in the fund and complexity compared to an asset allocation ETF.

HXDM ETF For International Exposure in a Corporate Account

Horizons' HXDM ETF is a tax efficient way to invest in EAFA developed markets in a corporate account. Do the savings outweigh the costs?

www.looniedoctor.ca

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Loonie Doctor

@LoonieDoctor

9 months

Join @benjaminwfelix and me for Episode 2 of The Money Scope. Learn about common money traps and how to recognize, avoid, or extract yourself.

Episode 2: Avoiding “The Good Life” Traps - The Money Scope Podcast

In the preceding episode, we discussed how to consider what "The Good Life" could look like for you. It will be different for everyone, but we reviewed the literature on what people tend to find...

moneyscope.ca

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Loonie Doctor

@LoonieDoctor

8 months

@benjaminwfelix & I explain how stocks, bonds, and funds are priced. Even good products can be used in bad strategies. Understand key concepts to spot the differences and develop the intuition to avoid the allure of costly financial bullshit.

Episode 6: Key Investing Concepts - The Money Scope Podcast

We bring out the Colono-Money Scope for this episode, Not only to take a deep look into how good investing helps to secure your financial future, but also to push past some of the "financial bullsh...

moneyscope.ca

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Loonie Doctor

@LoonieDoctor

5 months

Here is a link to the tool. Have done some cross-checks with other, but report any bugs for me to squish please.

Personal Taxable Account Capital Gains Harvest Simulator

See the potential tax affects on realizing a capital gain now versus a higher tax rate in the future in a personal taxable or margin account.

www.looniedoctor.ca

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Loonie Doctor

@LoonieDoctor

7 months

If you need to hold bonds in a personal or corp account as part of your portfolio. Then, using a discount bond ETF instead of a regular one could serve the same role for risk management, but more tax efficiently. One of those rare free lunches in investing. Link in comments.

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Loonie Doctor

@LoonieDoctor

3 months

July brings a new crop of resident physicians & attendings. Join some of my younger colleagues & I on The Intern at Work Podcast for our special episode on personal finances during residency & early practice. I will link in the comments.

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Loonie Doctor

@LoonieDoctor

9 months

Wealth is relative, but as your family shifts to a meaningfully different level of wealth, unanticipated issues come up. How you respond affects your success and that of your offspring. Will you be a denier, ditcher, or adapter?

Generational Wealth: Deniers, Ditchers, & Adapters

Moving up the socioeconomic ladder and building generational wealth can create problems. Recognize your response to better adapt.

www.looniedoctor.ca

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Loonie Doctor

@LoonieDoctor

5 months

This week's Money Scope episode is even more relevant given the capital gains changes. An optimal salary & dividend mix not only spreads your risk out to other accounts like an RRSP and TFSA. It also does that more tax efficiently for current and future buying power. Link below.

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Loonie Doctor

@LoonieDoctor

4 months

Quebec small corporations don't always get access to the provincial SBD. That impacts the optimal compensation strategy. It also has a major impact on whether harvesting a capital gain before June 25th could make sense if you don't need the personal cash. Link in the comments.

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Loonie Doctor

@LoonieDoctor

6 months

Some products rely heavily on the story used to sell them. Learn more about The Legend of Permanent Life & Pandora's Private Equity Box. Otherwise, you may buy what is ultimately an expensive story. Or if you buy the product, at least know the full story. Link is in comments.

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Loonie Doctor

@LoonieDoctor

3 months

This week, I pull together some of my thoughts on what to do, consider, discuss, or deliberately not do regarding the capital gains tax increase. I will post a link in the comments.

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Loonie Doctor

@LoonieDoctor

7 months

@TheTaxHeroes "In some cases, the courts have held the appropriate taxable benefit to be equal to a reasonable return on the amount of funds invested in the property. This might be considerably higher than the market rental value"

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Loonie Doctor

@LoonieDoctor

5 months

@BoomerandEcho @benjaminwfelix Thanks! We were each building this curriculum, but together it has been synergistic. I have learned a lot and find myself going back to episodes and our transcripts too! We keep finding neat research questions and nuances.

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Loonie Doctor

@LoonieDoctor

5 months

Here is a link to the dynamic tax integration tables

CCPC Tax Integration Tables

This calculator shows tax integration for the flow-through of income via a Canadian Controlled Private Corporation (CCPC) vs taking income[...]

www.looniedoctor.ca

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Loonie Doctor

@LoonieDoctor

5 months

@BoomerandEcho Nope. Instead they can plan using their predictable income stream and lack of business overhead subject to inflation. Knowing that their retirement will be secure. Corporations smooth income and expenses over years and a lifetime. Tax integration helps make it fair. But different

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Loonie Doctor

@LoonieDoctor

6 months

I have been hearing a lot of this since about January. I talk about this and more expensive investor self-talk this coming Friday on The Loonie Doctor.

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Loonie Doctor

@LoonieDoctor

10 months

I will be there to help open the TSX on Feb 8th as part of DIY ETF Investor Day 2024. You can join me for what should be a unique experience for DIY investors. And cheer me on too. There will be an ETF rumble afterwards.

Open the Toronto Stock Exchange & Cheer Me On

Join DIY ETF investors to open the Toronto stock exchange on Feb 8th, 2024. Cheer me on in the ETF Spotlight showdown. Spots limited.

www.looniedoctor.ca

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Loonie Doctor

@LoonieDoctor

5 months

@MarkMcGrathCFP Have most of my calculators with an adjustable future inclusion rate. Figured it was only a matter of time..

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Loonie Doctor

@LoonieDoctor

5 months

@t_wooly @AravindSitham @PWLCapital As long as you are investing enough in the corp (on top of using RRSP/TFSA), I think that corporations will still be a valuable account for long-term. As before, it requires a life-time plan - including an exit strategy (which is often underappreciated by rules of thumb).

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Loonie Doctor

@LoonieDoctor

8 months

Part 2 of My Wealth Journey: The Wonder Years. This post details the finances of my first decade of practice. Investing in my business. Finding out I wasn't special at investing. Spending without guardrails. The hedonic treadmill is set to plaid speed.

My Wealth Journey Part 2: The Wonder Years

In early practice, I learned to specialize in my business, that I wasn't a special investor, and that spending without limits has problems.

www.looniedoctor.ca

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Loonie Doctor

@LoonieDoctor

3 months

Data shows index investing beats actively managed funds, but there is also data to show selecting stocks with certain features historically outperformed their broader index. How can this be? It is not a free lunch, but could quantitative ETFs have a role in your portfolio?

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Loonie Doctor

@LoonieDoctor

3 months

@BoomerandEcho That was us (although we have kids). We shifted work to do some stuff that doesn't pay as well in money, but is also rewarding in other ways. We spend about the same. Donate way more to charity as deliberate practice. Our teenagers participate to eventually inherit money & skills

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Loonie Doctor

@LoonieDoctor

4 months

Here is the 2023 update. Trouble on the Global Ex-Horizon? Management Risks of Corporate Class Funds — Physician Finance Canada ()

Physician Finance Canada

A physician personal finance blog for Canadian doctors, dentists, and high income professionals to better invest, tax plan, and manage wealth.

www.looniedoctor.ca

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Loonie Doctor

@LoonieDoctor

1 year

In a private corp (CCPC), interest is not very tax efficient & cap gains are. Passive income can be extremely inefficient if the tax werewolf shows up. Is the corp class bond ETF HBB a silver bullet or just expensive ammo?

Corporate Class Bond ETF (HBB) in a Private Corporation

Interest is heavily taxed in CCPC corporate accounts. Is Horizons corp class bond ETF HBB a magic bullet or shooting yourself in the foot?

www.looniedoctor.ca

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Loonie Doctor

@LoonieDoctor

5 months

@BoomerandEcho @mverbora We are expected to sacrifice ourselves and our families to do whatever is required to meet the public need. It is why labor laws don't protect us. But, the other side of that social contract is some respect and reward. The rhetoric undermines that side of the relationship.

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Loonie Doctor

@LoonieDoctor

11 months

This week I model HXCN (corp class ETF) vs a Conventional ETF invested via a CCPC (a private corporation). Sometimes HXCN is like a silver bullet for the tax werewolf. Or you may shoot yourself in the foot with it.

HXCN vs ZCN Tax Efficiency in a Private Corporation

HXCN is a corporate class ETF that covers the Canadian market. When used in a CCPC, is it a silver bullet for the tax werewolf, or your foot?

www.looniedoctor.ca

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Loonie Doctor

@LoonieDoctor

6 months

@TheTaxHeroes @JarrettHolmesFP @benjaminwfelix Me too! I made a tax integration table (adjustable by province) and showing all the tax brackets to model this out. And tax integration for other corp passive and active income. It is wild.

CCPC Tax Integration Tables

This calculator shows tax integration for the flow-through of income via a Canadian Controlled Private Corporation (CCPC) vs taking income[...]

www.looniedoctor.ca

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Loonie Doctor

@LoonieDoctor

8 months

Discount bond ETFs are an easy way to get the risk reduction of bonds in your portfolio. But a more tax-efficient mix of capital gains instead of mostly interest. There are also many discount bonds currently in short-term bond ETFs to park cash short-term. Link to follow.

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Loonie Doctor

@LoonieDoctor

10 months

@CameronPassmore @PWLCapital and @benjaminwfelix have been great partners in crime on this front. Having fun and it will be impactful.

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Loonie Doctor

@LoonieDoctor

10 months

There are hidden costs to investing. One of them is the bid-ask spread. If it is an illiquid investment, that spread is larger. How does that apply to ETFs? Are lower-volume ETFs liquid or are you getting secretly hosed? Use best practices to minimize

True ETF Liquidity

How are ETFs liquid? ETF design enables multiple layers of liquidity. Find out how and four best practices to get you the best price.

www.looniedoctor.ca

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Loonie Doctor

@LoonieDoctor

5 months

@AaronHectorCFP @STANDUP_Today All the people who have relatively low to average incomes, but have had a cottage in the family for years are about to find out what AMT means when they sell. With a low income normally, they may not recoup the pre-paid taxes before the credits expire in 7 yrs.

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Loonie Doctor

@LoonieDoctor

6 months

@MarkMcGrathCFP @sheldon6600 Another way around the issue of not selling stuff and not spending is ZGRO.T It is an 80:20 asset allocation ETF that distributes 6%/yr from the income and automatically selling as needed to decumulate.

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Loonie Doctor

@LoonieDoctor

5 months

@AravindSitham @tfedds Yep. I am nerdy. But my wife likes it.

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Loonie Doctor

@LoonieDoctor

5 months

@Byte_Sized_Blog @JuliaChungFP @moirarvane @benjaminwfelix @AaronHectorCFP @jasonpereira @JasonWattBCC @MarkMcGrathCFP @AravindSitham @fpacanada @AdvancedPlanner @Institut_pf @LizSimmie Quit bein’ a shit-disturber.

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Loonie Doctor

@LoonieDoctor

8 months

@BoomerandEcho I agree. People need to know some basics to identify good advisors and advice. With that base, they could probably DIY ETF invest or pick an advisor that adds value for cost. The teaching/coaching to get people there requires patience/persistence for sure.

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Loonie Doctor

@LoonieDoctor

5 months

@BoomerandEcho @mverbora This is an apples to oranges comparison. Adjust for hours worked (quantity and convenience). Opportunity cost - money and the time to be top of your class to get in and progress. Not easy to compare. I don’t teacher bash. Why do people doctor-bash (except when they need one)?

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Loonie Doctor

@LoonieDoctor

8 months

@MarkMcGrathCFP This is how I used to mow my lawn. Three mowers and ~70HP in fighter-jet formation. No one could reach me and I mowed over my pager twice in five years.

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Loonie Doctor

@LoonieDoctor

10 months

Horizons' corp class ETF HXEM covers emerging markets for diversification into the fringes of public markets. Used in a CCPC, it offers tax savings. But also some compromises and risks. Quantify that to consider whether there be tax savings. Or serpents.

HXEM ETF for Emerging Market Coverage in a Corp Account: There be tax savings or serpents?

For those using the HXEM ETF to venture into emerging markets in the corporate investing. Do there be tax savings or do there be serpents?

www.looniedoctor.ca

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Loonie Doctor

@LoonieDoctor

6 months

@AravindSitham It does feel good. @benjaminwfelix and I did a segment on escaping a group plan if you were taken in. First time my wife got excited about our pod because we have friends who got sucked in.

Ep. 8 Case Conference: Choosing the Right Door - The Money Scope Podcast

Welcome to the supplemental episode to the main episode about Canadian investment account types. In this episode, we explore some of dilemmas that people face in deciding which accounts to use for...

moneyscope.ca

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Loonie Doctor

@LoonieDoctor

8 months

Here is a link to the post.

Saving Cash: ZST Bond ETF vs CASH ETF vs GIC After-Tax

Compare after-tax income using a GIC, HISA ETF (like CASH.TO), or an ultra-short-term bond ETF. There may be a time-limited opportunity.

www.looniedoctor.ca

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Loonie Doctor

@LoonieDoctor

4 months

@BoomerandEcho @JarrettHolmesFP @j_stock_ Oh. They exist in doctor’s lounges across the nation. The medical bitcoin bros have gone strangely quiet lately. The nightshifts are so much easier to fill when bitcoin drops.

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Loonie Doctor

@LoonieDoctor

6 months

@TheTaxHeroes I have my lower-income spouse do ours. It is functionally income-splitting for us and keeps some money in the family.

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Loonie Doctor

@LoonieDoctor

5 months

@MarkMcGrathCFP Totally. Narrators get paid to tell stories. Exciting or scary stories pay extra.

Expensive Storytellers: The Narrator

Stories are appealing, but investment narratives can cause costly mistakes. Learn to identify the expensive stories and storytellers.

www.looniedoctor.ca

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Loonie Doctor

@LoonieDoctor

5 months

@MarkMcGrathCFP @j_stock_ @GooseStoned Exactly why capital gains and corporations are the perfect political target.

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Loonie Doctor

@LoonieDoctor

1 year

@benjaminwfelix Thanks Ben! It has been super-interesting unpacking and thinking about this issue together. More to come.

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Loonie Doctor

@LoonieDoctor

5 months

@BoomerandEcho @mverbora The post comparing teachers and doctors. I don't begrudge anyone their pension. Whatever the contribution rate, it is part of their compensation. A pension just makes it mandatory and pools risks. Younger members should talk to their union if they are paying extra for the benefit

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Loonie Doctor

@LoonieDoctor

8 months

@MarkMcGrathCFP They have special hitches you can buy to offset them and are made to be towed behind a tractor or ATV. I had to weld some reinforcements to the main mower hitch to handle the weight though.

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Loonie Doctor

@LoonieDoctor

5 months

Here is a link to a deep dive into corporate capital gains tax harvesting. With pictures.

Corporate Capital Gains Harvesting To Boost Tax Deferral or Current Personal Finances

Learn how a capital gains harvest can either boost corporate tax deferral or your personal investments. Best before date: June 25, 2024.

www.looniedoctor.ca

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Loonie Doctor

@LoonieDoctor

5 months

@AravindSitham @benjaminwfelix Great to meet up in person. I fed off of your energy. Well, there were wings and beer too.

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Loonie Doctor

@LoonieDoctor

5 months

@jasonpereira @AravindSitham @MarkMcGrathCFP there will definitely be a sequel

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Loonie Doctor

@LoonieDoctor

5 months

@AravindSitham @j_stock_ @tfedds Totally. That look is familiar. They know when I go into what they call "mad professor mode". Happened Tuesday. I get a glazed look as Excel models run through my head.

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Loonie Doctor

@LoonieDoctor

1 year

@benjaminwfelix Thanks Ben. Was really interesting to work through this. I appreciated your insights.

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Loonie Doctor

@LoonieDoctor

5 months

@BoomerandEcho @mverbora Not sure that is completely true. We've had subinflationary fee increases while our costs have increased at much faster rates. Taxes are just one part. It needs a wider perspective - hard for most people not in it to truly understand.

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Loonie Doctor

@LoonieDoctor

10 months

@j_stock_ @MarkMcGrathCFP @jonrgibson @JamieGolombek @benjaminwfelix We are actually looking at another RV in the spring. The other option to consider before pillaging a TFSA is if you have a personal taxable account with some holdings that you can sell with minimal cap gains or gains that can be offset by losses. That is what we are planning.

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Loonie Doctor

@LoonieDoctor

4 months

Merci à mes collègues Québécois qui ont traduit en français cet article sur l'impôt sur les gains en capital des petites sociétés. Lien ci-dessous.

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Loonie Doctor

@LoonieDoctor

5 months

Here is a link to Money Scope Ep 13 page.

Episode 13: Optimal Compensation from a CCPC - The Money Scope Podcast

When it comes to creating an optimal compensation strategy plan, there’s a lot to navigate. And while there may be a plethora of general rules floating around on the internet, each individual’s...

moneyscope.ca

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Loonie Doctor

@LoonieDoctor

10 months

@MarkMcGrathCFP @j_stock_ @jonrgibson @JamieGolombek @benjaminwfelix Definitely. We don't know that tax rates for even the same income level won't be higher in the future. Corp or personal. Having some after-tax investments is a hedge against that. For the TFSA in particular it is a small amount, but still a hedge against future tax changes.

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