In this episode we discuss holding investments inside of a corporation. We drink some Earl Grey IPA from Saltspring Island Brewing graciously bought for us by Kari from Money in Your Tea, this episode sponsored by Tom Drake of Maple Money. Many of us have wondered if investing in a corporation is a good idea and what traps may be lying in wait when earning investment income in a corporation. We discuss when it makes sense to invest in a corporation and what to look out for. Here in the FI Garage, we’re all on the path to FI, however, we consider the RE part optional. #FIRE
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Beers – [2:12] Kindly bought by Kari from Money in Your Tea
Investing in a Corporation [7:30]
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Hey Guys,
Just want to say thank you for a great episode, I’ve got retained earnings and had actually read the Loonie Doctor post before so your podcast pushed me to take the next step and talk to my accountant and financial advisor. Unfortunately I actually enjoyed the Phillips Raspberry after some laps in the bike park. Heard about you guys from Tom and keep up the great work. Thank you.
Cheers,
Ian
Thanks Ian, I’m still a little on the fence with my Corp. But I think it makes more sense for me to extract it and get it working in my margin account. I’ll pass on to the boys that they are way off base with the Phillips Raspberry!! LOL. Cheers, MM
Thanks for this episode…I was with you the whole way through. There MUST be other people interested in this topic, right?! I have so many burning questions, and this was helpful…as is The Loonie Doctor. But yes, it still feels complex and overwhelming to me and I think it’s ultimately time to chat with my accountant/advisor….and open a corp. investing account. 😉