If you’re like many Canadians, paying down your mortgage and contributing to your RRSPs are two top financial planning priorities.

TFSA balances are often low due to a lack of contributions and other financial priorities. Another reason why TFSA balances are low is underfunding. Sadly, many Canadians are using High-Interest accounts within their TFSA rather than choosing equities.

The need to Hack Your TFSA is due to an income gap at retirement. Many people retire before receiving their Canadian government benefits such as CPP and OAS. This creates a retirement income deficiency and without having adequate TFSA balances to bridge this gap, retirees may be forced to use their RRIF much earlier than expected.

This strategy is for people who are at least 10 years or more from retirement and have equity in their home. Before considering this Retirement Hack to Maximize Your TFSA, you should determine your TFSA contribution room.

To find your TFSA contribution room visit these CRA Government websites:

Visit My Account: https://www.canada.ca/en/revenue-agen…

My CRA: https://www.canada.ca/en/revenue-agen…

Phone: 1-800-267-6999

Check out these videos: Will I Have Enough Money To Retire:

How Much Money Do I Need To Retire In Canada https://youtu.be/17iIHBd6Gu4

Learn the Best Time to Start Receiving your CPP Benefits https://youtu.be/UCmxvNrn-hA

How much money do I need to retire in Canada comfortably https://youtu.be/1nFlaprSGz8

When it comes to using a Tax-Free Savings account many people are not taking advantage of its primary purpose…to allow your money to compound on a Tax-Free Basis.

Many people treat their TFSA like a revolving door, depositing money only to take it out within the same year. This defeats the purpose of using a Tax-Free Savings Account. Additionally, many investors are investing in High Intrest Savings within their TFSA rather than equities.

A TFSA can hold a wide variety of securities such as stocks, bonds, mutual & segregated funds, and GICs.

Watch this video to learn how to Supercharge your TFSA? It’s not what you think and you’re going to be surprised.

If you’re asking the question “How much money do I need to retire in Canada comfortably?” know that you’re not alone. This question happens to be the most asked question around retirement next to “When should I start receiving my CPP benefits?”

Everyone’s situation is different and there are a lot of factors that go into answering this question: your age at retirement, your lifestyle, your pension, your OAS amount, and of course a lot more.

In this video, I’ll show you:

✅ The #1 thing retirees do to have a successful retirement

✅ 3 steps you can take now to get back on track for retirement in Canada

✅ 3 areas to avoid that will Kill your retirement in Canada

✅ 2 case examples of actual client’s retirement experience in Canada

✅ The #1 step you need to take to have enough money to retire in Canada

Why do Savvy investors use life insurance to protect and grow their investments? Why are investors depositing huge sums of money up to $2 million per year into life insurance? There must be a good reason? What do they know that you don’t?

In this LinkedIn Livestream, we explore the incredible benefits of using Whole Life Insurance to grow your investments in a tax-free environment. Do you know cash value in a life insurance policy can be used as collateral for a bank loan? If the loan is used to invest the interest can be tax-deductible.

This strategy is commonly known as “Become Your Own Bank.” Consider that when you’re retired, banks are less confident of loaning you money because you are no longer employed. That’s where Whole life insurance becomes an amazing wealth-building or wealth-creation tool. What if you had $1 or $2 million in cash within your life insurance? At this point, you have the most powerful position in having a “zero-risk” loan arrangement with the bank.

If you’re a business owner, you’re probably focused on the day-to-day tasks with your business.  You may not be thinking about retirement – even if it’s a few years away. But don’t worry, you’re not alone.

More than three-quarters of small business owners don’t have retirement plans for themselves or their employees. Some working Canadians have company pensions or an employer-matching program to help with retirement.

These are generally benefits a small business owner doesn’t have. It’s up to you to plan your future and decide how to pay for your retirement. In this Livestream, I’ll discuss 3 retirement options for Business Owners.

1️⃣ RRSP

2️⃣ Individual Pension Plans

3️⃣ Enhanced Retirement Plan

Learn when is the best time to start taking your CPP payments with guest speaker Scott Edgington.

Taking CPP early or deferring until age 70 is a common question with pre-retirees. It’s important to speak with your financial advisor and work through a financial plan.

Knowing in advance your income needs and the projected income of your investments is key to understanding when to begin receiving your CPP benefits.