Mark Soth

Learn about Canadian investment accounts in this episode as they break down the benefits and drawbacks of TFSA, RRSPs, RRIFs, LIRAs, and FHSA. Understand the rules, contribution limits, and withdrawal flexibility of each account to maximize tax benefits. Explore strategies for optimizing contributions, navigating group RESPs, and utilizing grants for education. Dive into the complexities of investment taxation and balancing personal and corporate taxable accounts.

Guests Mark Soth and Mark McGrath join the podcast to discuss volatility and investor behavior, the upcoming Money Scope podcast, incorporating a medical practice in Canada, complexity in estate planning, factors affecting job satisfaction, and community discussions and promotions.

Explore the complexities of registered account types for Canadian investors, including RRSPs, TFSAs, and RESPs. Learn how to navigate tax implications, maximize deductions, and transition to individual plans. Discover strategies for optimizing RRSP contribution room, managing income through corporations, and diversifying wealth for tax efficiency.