In this episode, our host Bob Gauvreau discusses tax planning for real estate investors, focusing on the impact of business structures in the U.S. and Canada. He highlights the tax advantages of classifying income as active when employing over five full-time employees, which can lead to significant tax reductions.

Bob then addresses the taxation of different income types, including passive investment income, capital gains, and dividends. He suggests strategies like income splitting and using corporate structures for asset protection to lower taxes and shield investments.

Tune in for practical strategies to enhance your financial health and secure your investments. Join us on the Wealthy Entrepreneur Podcast and download your exclusive tax planning guide today!







Episode Highlights:
00:00 Welcome to the Wealthy Entrepreneur Podcast
02:16 Tax Planning Strategies for Real Estate Investors
04:14 Tax-efficient Real Estate Investing Strategies in Canada and the Us
08:52 Tax Planning Strategies for Real Estate Investors, Including Income Splitting, Asset Protection, and Maximizing Deductibility
14:26 Tax Deductions for Real Estate Investments
18:08 Tax Planning Strategies for Real Estate Investors







Resources:
Visit the Million Dollar Year Website: https://www.milliondollaryear.ca/
Download The Wealthy Entrepreneur (digital book) for FREE: https://www.milliondollaryear.ca/wealthy-entrepreneur/opt-in
Like our Facebook Page at https://www.facebook.com/milliondollaryearprogram
Join The Wealthy Entrepreneur Community for FREE at https://www.facebook.com/groups/gauvreaucpa

For more podcast episodes, subscribe to our Youtube Channel at https://www.youtube.com/@milliondollaryearprogram.

Let’s continue to work on becoming a Wealthy Entrepreneur!

In this episode, our host Bob Gauvreau discusses tax planning for real estate investors, focusing on the impact of business structures in the U.S. and Canada. He highlights the tax advantages of classifying income as active when employing over five full-time employees, which can lead to significant tax reductions.
Bob then addresses the taxation of different income types, including passive investment income, capital gains, and dividends. He suggests strategies like income splitting and using corporate structures for asset protection to lower taxes and shield investments. Tune in for practical strategies to enhance your financial health and secure your investments. Join us on the Wealthy Entrepreneur Podcast and download your exclusive tax planning guide today!
 
 
 
Episode Highlights:
<ul>
<li aria-level="1">00:00 Welcome to the Wealthy Entrepreneur Podcast</li>
<li aria-level="1">02:16 Tax Planning Strategies for Real Estate Investors</li>
<li aria-level="1">04:14 Tax-efficient Real Estate Investing Strategies in Canada and the Us</li>
<li aria-level="1">08:52 Tax Planning Strategies for Real Estate Investors, Including Income Splitting, Asset Protection, and Maximizing Deductibility</li>
<li aria-level="1">14:26 Tax Deductions for Real Estate Investments</li>
<li aria-level="1">18:08 Tax Planning Strategies for Real Estate Investors</li>
</ul>
 
 
 
Resources:
<ul>
<li aria-level="1">Visit the Million Dollar Year Website: <a href="https://www.milliondollaryear.ca/">https://www.milliondollaryear.ca/</a> </li>
<li aria-level="1">Download The Wealthy Entrepreneur (digital book) for FREE: <a href="https://www.milliondollaryear.ca/wealthy-entrepreneur/opt-in">https://www.milliondollaryear.ca/wealthy-entrepreneur/opt-in</a> </li>
<li aria-level="1">Like our Facebook Page at <a href="https://www.facebook.com/milliondollaryearprogram">https://www.facebook.com/milliondollaryearprogram</a> </li>
<li aria-level="1">Join The Wealthy Entrepreneur Community for FREE at <a href="https://www.facebook.com/groups/gauvreaucpa">https://www.facebook.com/groups/gauvreaucpa</a> </li>
</ul>
For more podcast episodes, subscribe to our Youtube Channel at <a href="https://www.youtube.com/@milliondollaryearprogram">https://www.youtube.com/@milliondollaryearprogram</a>.
Let’s continue to work on becoming a Wealthy Entrepreneur!

Introducing The Wealthy Entrepreneur Podcast, where we unravel the Profit Simple framework, turning your business's vision into a roadmap for financial success. Join us as we provide simple yet powerful episodes for extraordinary results and financial clarity. Say goodbye to confusion and hello to a journey towards financial freedom!

Introducing The Wealthy Entrepreneur Podcast, where we unravel the Profit Simple framework, turning your business's vision into a roadmap for financial success. Join us as we provide simple yet powerful episodes for extraordinary results and financial clarity. Say goodbye to confusion and hello to a journey towards financial freedom!

The Wealthy Entrepreneur

Real Estate and Taxes: Unlocking Efficient Structures and Strategies

In this episode, our host Bob Gauvreau focuses on the critical aspects of financial benchmarking for small businesses. Bob introduces the 'rule of a third,' an effective financial guideline ideal for service-based sectors. He outlines how to distribute revenue into three parts: one-third for wages, another for overhead, and the remainder for net income, providing businesses with a framework to evaluate financial health and sustain profitability during expansion.

Bob also tailors this principle to non-service industries, underlining the necessity of achieving at least a 33% gross profit margin and maintaining overhead costs below 20% to ensure a stable net income of 20%. This strategy offers a lucid method for assessing business performance, underscoring the importance of financial management in fostering sustainable growth.

Concluding the episode, Bob emphasizes strategic planning and budgeting. He presents methodologies for setting achievable annual goals and leveraging budgeting to track and attain these targets. This discussion arms entrepreneurs with advanced financial strategies to enhance their business operations and achieve substantial growth.

Tune in for sophisticated financial insights that will bolster the growth and stability of your enterprise.







Episode Highlights:
00:00 Welcome to The Wealthy Entrepreneur Podcast
03:59 Profit Margins for Service and Non-Service Businesses
09:45 Profit Margins and Overhead Costs for Businesses
14:54 Budgeting and Benchmarking for Small Business Success







Resources:
Visit the Million Dollar Year Website: https://www.milliondollaryear.ca/
Download The Wealthy Entrepreneur (digital book) for FREE: https://www.milliondollaryear.ca/wealthy-entrepreneur/opt-in
Like our Facebook Page at https://www.facebook.com/milliondollaryearprogram
Join The Wealthy Entrepreneur Community for FREE at https://www.facebook.com/groups/gauvreaucpa

For more podcast episodes, subscribe to our Youtube Channel at https://www.youtube.com/@milliondollaryearprogram.

Let’s continue to work on becoming a Wealthy Entrepreneur!

In this episode, our host Bob Gauvreau focuses on the critical aspects of financial benchmarking for small businesses. Bob introduces the 'rule of a third,' an effective financial guideline ideal for service-based sectors. He outlines how to distribute revenue into three parts: one-third for wages, another for overhead, and the remainder for net income, providing businesses with a framework to evaluate financial health and sustain profitability during expansion.
Bob also tailors this principle to non-service industries, underlining the necessity of achieving at least a 33% gross profit margin and maintaining overhead costs below 20% to ensure a stable net income of 20%. This strategy offers a lucid method for assessing business performance, underscoring the importance of financial management in fostering sustainable growth.
Concluding the episode, Bob emphasizes strategic planning and budgeting. He presents methodologies for setting achievable annual goals and leveraging budgeting to track and attain these targets. This discussion arms entrepreneurs with advanced financial strategies to enhance their business operations and achieve substantial growth.
Tune in for sophisticated financial insights that will bolster the growth and stability of your enterprise.
 
 
 
Episode Highlights:
<ul>
<li>00:00 Welcome to The Wealthy Entrepreneur Podcast</li>
<li>03:59 Profit Margins for Service and Non-Service Businesses</li>
<li>09:45 Profit Margins and Overhead Costs for Businesses</li>
<li>14:54 Budgeting and Benchmarking for Small Business Success</li>
</ul>
 
 
 
Resources:
<ul>
<li aria-level="1">Visit the Million Dollar Year Website: <a href="https://www.milliondollaryear.ca/">https://www.milliondollaryear.ca/</a> </li>
<li aria-level="1">Download The Wealthy Entrepreneur (digital book) for FREE: <a href="https://www.milliondollaryear.ca/wealthy-entrepreneur/opt-in">https://www.milliondollaryear.ca/wealthy-entrepreneur/opt-in</a> </li>
<li aria-level="1">Like our Facebook Page at <a href="https://www.facebook.com/milliondollaryearprogram">https://www.facebook.com/milliondollaryearprogram</a> </li>
<li aria-level="1">Join The Wealthy Entrepreneur Community for FREE at <a href="https://www.facebook.com/groups/gauvreaucpa">https://www.facebook.com/groups/gauvreaucpa</a> </li>
</ul>
For more podcast episodes, subscribe to our Youtube Channel at <a href="https://www.youtube.com/@milliondollaryearprogram">https://www.youtube.com/@milliondollaryearprogram</a>.
Let’s continue to work on becoming a Wealthy Entrepreneur!

Benchmarking for Success

This episode delves into the core elements that drive entrepreneurial success. Drawing from Bob's rich experiences as the CEO in residence at Trent University and his interactions with the next generation of leaders, he distills the essence of what it takes to not just survive but thrive in the entrepreneurial world.

Bob begins with the pivotal moment of realizing his true passion for entrepreneurship and how an unexpected turn of events led him to find his purpose beyond teaching. He recounts the invaluable lessons learned from his mentor Ray Dart and how these insights shaped his perspective on potential and possibility in the business world.

Throughout the episode, Bob shares nine critical pieces of advice for aspiring leaders and entrepreneurs. From finding and pursuing a passion that doesn't feel like work, embracing resiliency and learning from failure, to the significance of surrounding oneself with accomplished individuals and the power of giving without expectations. Each piece of advice is enriched with personal anecdotes, making the guidance not only practical but deeply relatable.

Bob emphasizes the importance of continuous personal investment as the greatest source of wealth and success. He also touches on the creation of a mastermind group, Million Dollar Year, designed to foster a supportive network for entrepreneurs aiming for breakthroughs in their ventures.

Ready to dive deeper into these transformative insights? Listen to the full episode now and embark on your journey to becoming a future leader.



Episode Highlights:
00:00 Welcome to The Wealthy Entrepreneur Podcast
03:55 Entrepreneurship, Resilience, and Failure
08:42 Personal Growth and Investing in Oneself
13:44 Entrepreneurship, Differentiation, and Networking
17:17 Key Factors for Success in Business and Life



Resources:
Visit the Million Dollar Year Website: https://www.milliondollaryear.ca/
Download The Wealthy Entrepreneur (digital book) for FREE: https://www.milliondollaryear.ca/wealthy-entrepreneur/opt-in
Like our Facebook Page at https://www.facebook.com/milliondollaryearprogram
Join The Wealthy Entrepreneur Community for FREE at https://www.facebook.com/groups/gauvreaucpa



For more podcast episodes, subscribe to our Youtube Channel at https://www.youtube.com/@milliondollaryearprogram.

Let’s continue to work on becoming a Wealthy Entrepreneur! 

This episode delves into the core elements that drive entrepreneurial success. Drawing from Bob's rich experiences as the CEO in residence at Trent University and his interactions with the next generation of leaders, he distills the essence of what it takes to not just survive but thrive in the entrepreneurial world.
Bob begins with the pivotal moment of realizing his true passion for entrepreneurship and how an unexpected turn of events led him to find his purpose beyond teaching. He recounts the invaluable lessons learned from his mentor Ray Dart and how these insights shaped his perspective on potential and possibility in the business world.
Throughout the episode, Bob shares nine critical pieces of advice for aspiring leaders and entrepreneurs. From finding and pursuing a passion that doesn't feel like work, embracing resiliency and learning from failure, to the significance of surrounding oneself with accomplished individuals and the power of giving without expectations. Each piece of advice is enriched with personal anecdotes, making the guidance not only practical but deeply relatable.
Bob emphasizes the importance of continuous personal investment as the greatest source of wealth and success. He also touches on the creation of a mastermind group, Million Dollar Year, designed to foster a supportive network for entrepreneurs aiming for breakthroughs in their ventures.
Ready to dive deeper into these transformative insights? Listen to the full episode now and embark on your journey to becoming a future leader.
 
Episode Highlights:
<ul>
<li>00:00 Welcome to The Wealthy Entrepreneur Podcast</li>
<li>03:55 Entrepreneurship, Resilience, and Failure</li>
<li>08:42 Personal Growth and Investing in Oneself</li>
<li>13:44 Entrepreneurship, Differentiation, and Networking</li>
<li>17:17 Key Factors for Success in Business and Life</li>
</ul>
 
Resources:
<ul>
<li aria-level="1">Visit the Million Dollar Year Website: <a href="https://www.milliondollaryear.ca/">https://www.milliondollaryear.ca/</a> </li>
<li aria-level="1">Download The Wealthy Entrepreneur (digital book) for FREE: <a href="https://www.milliondollaryear.ca/wealthy-entrepreneur/opt-in">https://www.milliondollaryear.ca/wealthy-entrepreneur/opt-in</a> </li>
<li aria-level="1">Like our Facebook Page at <a href="https://www.facebook.com/milliondollaryearprogram">https://www.facebook.com/milliondollaryearprogram</a> </li>
<li aria-level="1">Join The Wealthy Entrepreneur Community for FREE at <a href="https://www.facebook.com/groups/gauvreaucpa">https://www.facebook.com/groups/gauvreaucpa</a> </li>
</ul>
 
For more podcast episodes, subscribe to our Youtube Channel at <a href="https://www.youtube.com/@milliondollaryearprogram">https://www.youtube.com/@milliondollaryearprogram</a>.
Let’s continue to work on becoming a Wealthy Entrepreneur!

9 Pieces of Advice for Future Leaders

Join Bob as he explores the potent tax-saving strategy of family trusts. In this episode, Bob simplifies the seven key benefits of using family trusts for entrepreneurs looking to minimize taxes and protect their wealth. From income splitting to safeguarding equity and facilitating seamless intergenerational transfers, listeners will discover how family trusts can offer substantial tax advantages and flexibility for business owners.

Learn about the critical advantages and practical steps involved in implementing a family trust, from enhancing flexibility in income distribution to safeguarding your business's future growth. Whether you're a seasoned business owner or new to financial planning, this episode is packed with actionable insights tailored to elevate your understanding and application of family trusts in your wealth strategy.

Ready to transform your tax strategy and secure your financial future? Listen to the full episode to unlock the comprehensive guide to leveraging family trusts for your advantage. 

Don't miss out on this opportunity to step up your financial game—subscribe, share, and join us in revolutionizing the way entrepreneurs approach tax savings.



Episode Highlights:
00:00 Welcome to The Wealthy Entrepreneur Podcast
04:49 Using Family Trusts for Tax Planning in Businesses
09:32 Tax Savings Through Family Trusts for Business Owners
14:16 Benefits of Using a Family Trust for Business Succession Planning
18:21 Tax Benefits of Family Trusts for Business Owners



Resources:
Visit the Million Dollar Year Website: https://www.milliondollaryear.ca/
Download The Wealthy Entrepreneur (digital book) for FREE: https://www.milliondollaryear.ca/wealthy-entrepreneur/opt-in
Like our Facebook Page at https://www.facebook.com/milliondollaryearprogram
Join The Wealthy Entrepreneur Community for FREE at https://www.facebook.com/groups/gauvreaucpa



For more podcast episodes, subscribe to our Youtube Channel at https://www.youtube.com/@milliondollaryearprogram.

Let’s continue to work on becoming a Wealthy Entrepreneur! 

Join Bob as he explores the potent tax-saving strategy of family trusts. In this episode, Bob simplifies the seven key benefits of using family trusts for entrepreneurs looking to minimize taxes and protect their wealth. From income splitting to safeguarding equity and facilitating seamless intergenerational transfers, listeners will discover how family trusts can offer substantial tax advantages and flexibility for business owners.
Learn about the critical advantages and practical steps involved in implementing a family trust, from enhancing flexibility in income distribution to safeguarding your business's future growth. Whether you're a seasoned business owner or new to financial planning, this episode is packed with actionable insights tailored to elevate your understanding and application of family trusts in your wealth strategy.
Ready to transform your tax strategy and secure your financial future? Listen to the full episode to unlock the comprehensive guide to leveraging family trusts for your advantage. 
Don't miss out on this opportunity to step up your financial game—subscribe, share, and join us in revolutionizing the way entrepreneurs approach tax savings.
 
Episode Highlights:
<ul>
<li>00:00 Welcome to The Wealthy Entrepreneur Podcast</li>
<li>04:49 Using Family Trusts for Tax Planning in Businesses</li>
<li>09:32 Tax Savings Through Family Trusts for Business Owners</li>
<li>14:16 Benefits of Using a Family Trust for Business Succession Planning</li>
<li>18:21 Tax Benefits of Family Trusts for Business Owners</li>
</ul>
 
Resources:
<ul>
<li aria-level="1">Visit the Million Dollar Year Website: <a href="https://www.milliondollaryear.ca/">https://www.milliondollaryear.ca/</a> </li>
<li aria-level="1">Download The Wealthy Entrepreneur (digital book) for FREE: <a href="https://www.milliondollaryear.ca/wealthy-entrepreneur/opt-in">https://www.milliondollaryear.ca/wealthy-entrepreneur/opt-in</a> </li>
<li aria-level="1">Like our Facebook Page at <a href="https://www.facebook.com/milliondollaryearprogram">https://www.facebook.com/milliondollaryearprogram</a> </li>
<li aria-level="1">Join The Wealthy Entrepreneur Community for FREE at <a href="https://www.facebook.com/groups/gauvreaucpa">https://www.facebook.com/groups/gauvreaucpa</a> </li>
</ul>
 
For more podcast episodes, subscribe to our Youtube Channel at <a href="https://www.youtube.com/@milliondollaryearprogram">https://www.youtube.com/@milliondollaryearprogram</a>.
Let’s continue to work on becoming a Wealthy Entrepreneur!

Real Estate and Taxes: Unlocking Efficient Structures and Strategies

The Wealthy Entrepreneur

In 1 playlist(s)

The Wealthy Entrepreneur

Social links

Follow podcast

Recent clips