Your Retirement Planning Simplified
EP 93: The Overlooked CPP Strategy That Saves Business Owners Thousands
13 Jun 2024
Joe and Aravind explore the merits of contributing to the Canada Pension Plan (CPP) through salaries. Despite the dual contributions required from business owners, the CPP offers guaranteed, inflation-adjusted income in retirement, providing a secure financial foundation. The discussion highlights the tax credits and deductions associated with CPP contributions, emphasizing their value in reducing taxable income. Additionally, it underscores the long-term benefits of RRSPs, which grow tax-free and can offer significant tax savings, making them a crucial element in retirement planning for business owners. Read the full show notes and find more information here: EP 93 Show Notes
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