01-26-2004, 06:31 PM
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Vrume Mark
Industry Role:
Join Date: Jan 2001
Location: Toronto, Canada
Posts: 20,912
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Quote:
Originally posted by SleazyDream
Max your rrsps.
give your spouse or sig other extra income - pay the tax on it and max THEIR RRSPs on a spousal RRSP for yourself.
then
buy a manulife no money down 10 year 100%capital guarenteed equity seg fund with a loan - $50,000 max per person - use your spouse or sig other to get $100,000 - only $520/month in payments and a total write off for each of you very year.
then
buy a universal life seg fund life insurance contract - insure you and your spouse/sig other in a joint first to die contract for at LEAST a half a million. max fund the contract every year - money grows tax free but here's the REAL benefit - you don't have to pay tax on it when you withdraw the MONEY - you borrow against it and collapse the contract - it's detailed but REALLY SWEET. and if your hiney happens to die - well that pays out tax free too!!!!!!!!
then
buy real estate and businesses that'll give you more revenue.
then
spend your days on GFY fucking with all the idiots that don't do the above.
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I'm on it 
DH |
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