Canadians - the RRSP deadline is approcaching - GoFuckYourself.com

SleazyDream · 01-26-2004, 04:30 PM

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.

webgurl · 01-26-2004, 05:32 PM

Thanks for reminder sleazy and don't forget to purchase your Lotto Super 7 before friday 6pm its 30 million (for us canada) its hardcore : )

L0stMind · 01-26-2004, 06:12 PM

Some pretty good ideas up top.

Remember, most people on this board cant afford to buy rrsp's and insurance

I max out rrsp's every year, it sucks that the max is $14,500 in room this year... I just started (this month) my insurance plans - but I am only paying $500 between the two plans I have.

L0stMind · 01-26-2004, 06:14 PM

Hell, I even pay my little brother some salary to lessen the taxes on me!

Cyborg69 · 01-26-2004, 06:17 PM

not all ppl are smart enough or old enough to understand what u just said

L0stMind · 01-26-2004, 06:30 PM

oh, and I did buy super 7 just in case

GTS Mark · 01-26-2004, 06:31 PM

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.

I'm on it

DH

KCat · 01-26-2004, 06:35 PM

I like the Manulife no money down idea. I put aside $500 a month but just have it sitting in a money market fund since I don't know what to invest in...nor want to take the time to learn.

Phoenix · 01-26-2004, 06:41 PM

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.

rrsps i do what i can, but id like to lookinto the other two more.

DatingGold · 01-26-2004, 07:11 PM

... if you're in the US, just keep paying your taxes.

SleazyDream · 01-26-2004, 07:19 PM

personally i use seg funds instead of mutual funds

canadian legislation makes them creditor proof (assuming they're set up right) if anything ever happens legally to you due to this business, and in this business that's a REAL concern long term with any substaintial amout of money.

fee are very similar and most major mutual fund companies offer seg funds though life insurance companies now a days

Huggles · 01-26-2004, 07:25 PM

Thanks for the info

01-26-2004, 04:30 PM	#1
SleazyDream I'm here for SPORT Industry Role: Join Date: Jul 2001 Location: Phone # (401) 285-0696 Posts: 41,470	Canadians - the RRSP deadline is approcaching 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. __________________ This dog, is dog, a dog, good dog, way dog, to dog, keep dog, an dog, idiot dog, busy dog, for dog, 20 dog, seconds dog! Now read without the word dog.

01-26-2004, 06:12 PM	#3
L0stMind Confirmed User Join Date: Sep 2002 Location: Vancity Posts: 1,681	Some pretty good ideas up top. Remember, most people on this board cant afford to buy rrsp's and insurance I max out rrsp's every year, it sucks that the max is $14,500 in room this year... I just started (this month) my insurance plans - but I am only paying $500 between the two plans I have. __________________ http://cashcore.com - Make Money. http://ezprovider.net - Hosting.

01-26-2004, 06:14 PM	#4
L0stMind Confirmed User Join Date: Sep 2002 Location: Vancity Posts: 1,681	Hell, I even pay my little brother some salary to lessen the taxes on me! __________________ http://cashcore.com - Make Money. http://ezprovider.net - Hosting.

01-26-2004, 06:30 PM	#6
L0stMind Confirmed User Join Date: Sep 2002 Location: Vancity Posts: 1,681	oh, and I did buy super 7 just in case __________________ http://cashcore.com - Make Money. http://ezprovider.net - Hosting.

01-26-2004, 07:11 PM	#10
DatingGold $6 PER EMAIL JOiN Industry Role: Join Date: Feb 2003 Location: California Posts: 13,185	... if you're in the US, just keep paying your taxes. __________________ 9 Years of SOLID payouts and conversions! ADULT DATING - $100 PPS LIVE CAMS - $214 PPS WWW.DATINGGOLD.COM ICQ: 27442303

01-26-2004, 05:32 PM	#2
webgurl Confirmed User Join Date: Aug 2002 Location: Clouds with Carebears Posts: 7,954	Thanks for reminder sleazy and don't forget to purchase your Lotto Super 7 before friday 6pm its 30 million (for us canada) its hardcore : )

01-26-2004, 06:17 PM	#5
Cyborg69 So Fucking Banned Join Date: Apr 2002 Location: Canada T.O. Posts: 932	not all ppl are smart enough or old enough to understand what u just said

01-26-2004, 06:35 PM	#8
KCat Confirmed User Join Date: Sep 2002 Location: PNW Posts: 2,204	I like the Manulife no money down idea. I put aside $500 a month but just have it sitting in a money market fund since I don't know what to invest in...nor want to take the time to learn.

01-26-2004, 07:19 PM	#11
SleazyDream I'm here for SPORT Industry Role: Join Date: Jul 2001 Location: Phone # (401) 285-0696 Posts: 41,470	personally i use seg funds instead of mutual funds canadian legislation makes them creditor proof (assuming they're set up right) if anything ever happens legally to you due to this business, and in this business that's a REAL concern long term with any substaintial amout of money. fee are very similar and most major mutual fund companies offer seg funds though life insurance companies now a days __________________ This dog, is dog, a dog, good dog, way dog, to dog, keep dog, an dog, idiot dog, busy dog, for dog, 20 dog, seconds dog! Now read without the word dog.

01-26-2004, 07:25 PM	#12
Huggles GFY'S #1 retard Industry Role: Join Date: Feb 2003 Location: Kelowna Posts: 11,122	Thanks for the info __________________ https://3-veo.com/ The best AI video maker portal.