How to Live Off Your Investments in a Sustainable, Stress-Free, and Tax Efficient Way in Canada. Featuring Ed Rempel, CFP

Build Wealth Canada Podcast

When we first hit our financial independence number 8 years ago, one of the financial planners that I asked to look at our numbers before my wife and I quit our full-time jobs was Ed Rempel. At the time, I asked Ed if he could do his own math and analysis on our numbers, to make sure that I didn’t miscalculate something when I was doing it myself, and this way I could be certain that my wife and I could quit our jobs and live off our portfolio going forward.

Well, fast forward to today, it’s been around 8 years since we quit our full-time jobs, and so I thought it would be helpful to have Ed back on the show and to once again use us as a case study on how one can live off their portfolio in a sustainable, stress free, and tax efficient way, here in Canada.

On this episode, you’re going to learn what strategies and frameworks tend to work when it comes to living off your portfolio here in Canada.

You’ll learn about a big mistake that I made which was actually causing me money anxiety even though our investment portfolio was going up in value. Ed helped me get through that, and it’s a mistake that is actually totally avoidable, and a skill that you can start building and mastering today.

And, when it comes to a strategy for paying the least amount of tax in Canada, Ed takes us through two main strategies that you can choose depending on your situation so that you pay the least amount of tax throughout your lifetime.

We cover all this and much more in the interview.

Links, show notes and free resources are all available at BuildWealthCanada.ca.