Cameron Smith

Father of 2 boys, BeFi fan. Simplified implementation is my favorite part of financial planning. opinions my own and not advice.

[Cameron Smith @CamSmithD]

Your compliance process is often the only experience contractors have with your company — make it count. https://t.co/w1R521Ei3O

[Cameron Smith @CamSmithD]

Out-of-pocket expenses are costs individuals pay themselves, which may be reimbursed by an employer. https://t.co/0bBtNajosW

[FP Collective @FP_Collective_]

XEQT vs VEQT vs ZEQT: Why XEQT Looks Like the Winner
by Justin Bender
https://t.co/32eCwi9p92

[Jason Pereira @jasonpereira]

Of all the tax changes made by the previous federal government, the dumbest by far has to be the clawback of part of the basic personal amount.

The amount of complexity created to sneak in a phantom 2.11% tax rate that results in at most $240 in taxes for people earning over $177,000 is just ridiculous.

[Aravind Sithamparapillai @AravindSitham]

"Pay dividends and leave as much in the corp as possible" is very common advice. It's not all bad...but it could result in you paying tens of thousands of dollars in extra tax.

I'll break down:
- Write offs (briefly - I'm not a CPA)
- Dividends
- Leaving money in the corp
👇

[Cameron Smith @CamSmithD]

Because estate planning is not really about death.

It’s about making life easier for the people you leave behind.

[Cameron Smith @CamSmithD]

What Happens to you and your Business if you die Without a Will?

Canadians are notoriously bad at getting their Wills done.

While the chances of death are lower when you're in your mid-life, the impact of your death is likely higher than any other time:

[Cameron Smith @CamSmithD]

But without proper planning, operations can still grind to a halt at the exact moment your family and business are under the most stress.

In this video, I walk through:
• what actually happens to your business if you die without a Will
• how Ontario intestacy rules work
• the risks for married and common-law couples
• what happens to minor children
• and why business owners need more than just “a simple Will”

[Canadian Tax Guy (Mohammed Al-khooly) @CanadaTaxGuy]

A big tax refund is not a good thing.

It means that you paid more in tax during the year than you needed to.

CRA is now giving you that money back without interest.

If you had less tax deducted from your paycheque and invested it, you would have earned more money.

There is a way to have less tax deducted from your paycheque.

You can file a form called T1213.

[Cameron Smith @CamSmithD]

@MarkMcGrathCFP @jacquemusx I’d say Mark McGrath is one of those names where you just have to start a band that will go 5x platinum. Anything less would be like if a guy named Magic Johnson was managing payroll at a landscaping company in the mid west.

[FP Collective @FP_Collective_]

Understanding Springing vs. Enduring Power of Attorney Designations
by Cameron Smith
https://t.co/LqT3xVmlVp

[Mark McGrath @MarkMcGrathCFP]

"like some sort of financial mastermind"

@Wealthsimple do you need me to teach you how dividends work?

This is predatory.

Be better.

[Cameron Smith @CamSmithD]

Me: ok bed time boys
5 y/o: ok daddy but first I need to poo. I’m going to go to the poo office. (Proceeds to walk to the bathroom).

Wife and I now have a new name for the bathroom.

[Jason Pereira @jasonpereira]

I'm holding a free webinar on June 3rd, courtesy of the Financial Planning Association of Canada, on Financial Planning in the AI Era

Registration is below

Don't miss it

#AI
https://t.co/CZKlNK2YQK

[Cameron Smith @CamSmithD]

Mark Cuban said AI is reshaping work, and how you use it could make or break your career. The investor said workers who use AI to do their work without learning themselves will struggle. AI researchers have warned that overreliance https://t.co/fun9QJAzON

[David Chilton @wealthy_barber]

Episode #55 is out now! Our guest this episode is @MarkMcGrathCFP — one of Canada's top voices on evidence-based personal finance and a returning guest from episode #12. Mark recently came out of semi-retirement to launch his own advice-only practice called Phynance which focuses on helping physicians with financial planning. He is also co-author of "Wealthier: The Investing Field Guide for Canadian Millennials."

In this episode, Dave and Mark dive into all-in-one ETFs and why simplicity often beats last-mile portfolio optimization for the typical Canadian. They also discuss the renting vs. buying debate as Mark’s family has recently decided to sell their house and become renters.

The conversation also explores the limits of the 4% rule, how safe withdrawal rates differ across countries, and whether retirees are more comfortable holding stocks today than they used to be. Along the way, Mark talks about calling out charlatans on Twitter and shares which personal finance opinions he has changed his mind on over the years.

Whether you're a DIY investor, a homeowner weighing your options, or anyone trying to cut through the noise of online personal finance commentary, this episode is packed with practical, evidence-based perspective from one of Canada's most trusted financial voices. Tune in now on our website, YouTube, Apple Podcasts, Spotify and all other podcasting platforms.

[Cameron Smith @CamSmithD]

@NickGibbsIAG @StevenBartlett @benjaminfelix Lol, if you actually debated Ben on financial topics I envision one of your parents running onto the field to call the game like in 6 year old little league when the game is 11-0. Go for it though.

[Cameron Smith @CamSmithD]

@MarkMcGrathCFP @jasonpereira It was advisor in this case “these stocks have gone up a bunch because of the war. They should keep going up because of the war”.