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The $1M Club

193 members • $1/month

106 contributions to The $1M Club
New Globalx Major Commodities
Updated with more info via PDF. Just saw Adriano video and he talked a little of this new ETF from Globalx COMX, CMCC, both already out & CMCL May 14th. semi monthly for cmcl, worth checking them out https://www.globalx.ca/insights/articles/major-commodities-one-trade-introducing-comx-cmcc-cmcl https://www.globalx.ca/wp-content/uploads/2026/05/Commodities-Fund-Feature-Sheet-EN.pdf
New Globalx Major Commodities
0 likes • 22h
I can't wait until Canada has weeklies. Not usually a big fan of Global X range it feels like they react instead of pushing the others.
The Signature that defuses the 55% Bomb...What look out 55% WTF
The 55% "Tax Bomb" is real, but only for the unprepared. In Ontario, leaving a large RRIF to your kids often triggers a massive tax hit, with the CRA treating the entire account as income on your final return. For a truly wealthy portfolio, you’re looking at losing more than half to the government. Don't forget when you are dreaming in your 30s | 40s | 50s about retirement and what it will look like a Black Swan moment can happen outside the stock market. We all like to think our spouse will be around forever, but failing to plan for the "what if" is how the taxman wins. If you don't have your Successor Annuitant and Successor Holder paperwork signed today, you're leaving your estate's doors wide open for the government to step in. The strategy is simple: Use the TFSA as your tactical shield and build your key fee off them in income don't use to max out and look at. By naming your spouse as the Successor Holder on your TFSA, that tax-free growth continues uninterrupted not so with RRIF | RRSPs, providing the ready cash needed to cover immediate fees and taxes without touching the core of your estate. Once the TFSA is locked in to handle the "friction" of death, the rest of your plan falls into place. It’s not about fear; it’s about control. You spent a lifetime building your empire, don’t let a missing signature hand 55% of it to the CRA. Defuse the bomb and fill out the forms.
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2 likes • 2d
Good Post if I can add to these red flags. From 2 different Points of View one as a Rep representing a Brand with Home Office to now owning my own Incorporation. We’ve all heard the casual advice from friends: “Just write it off!” But when you’re actually running an incorporated business, you quickly realize that the reality of tax benefits is far more nuanced—and risky—than people think. If you want to stay on the right side of the taxman, here are four things you need to understand: 1. The 50% Rule Trap The "Meals and Entertainment" benefit is often more of a headache than a windfall. Tax authorities generally assume you have to eat regardless of business, so they automatically disqualify half the bill. When you realize you’re only "saving" the tax on a fraction of the total cost, the mountain of receipts and the risk of a "personal use" flag often outweigh the actual benefit. If the company isn't picking up the tab directly, it’s often not worth the audit anxiety. 2. Protecting the "Corporate Veil" Accountants are notoriously strict about keeping business and personal credit cards separate for a reason. "Commingling funds" is the fastest way to pierce the corporate veil. The moment you use a business account for a personal grocery run, you give auditors a reason to scrutinize every single transaction you’ve made. Keeping that line iron-clad isn't just about organization; it’s about legal protection. 3. Paying for the "Professional Shield" Could you do your own taxes? Absolutely. But when you hire a reputable firm (like a Deloitte or a high-end Accountant), you aren't just paying for data entry—you’re paying for their stamp of approval. Having a professional overlook your filings acts as a form of audit insurance. It signals to tax authorities that the numbers have been vetted to a high standard, providing a level of peace of mind that a DIY software simply can't offer. 4. Saw first hand this year my one friend was not watching room in TFSA and also was trading more frequently than holding big NO NO. They don't care if you build huge wealth in your RRSP or RRIFs because end of the day they get their peace of the action. In death they get up to 55% less when alive.
0 likes • 2d
@Peter Eckstein be too much money. Gary Gill wife will sow onto old sweater he would not feel comfortable without his ripped one.
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I been a 33 monther with Passive Income Investor Adriano and his wife and enjoyed e-mail from Youtube notifying me every Friday to his Weekly Opportunity Report that I thought he stopped doing as life changes and evolves in beginning of 2026. August 7th he got an event I would have loved to go too and after reaching out to him personally that he did not stop his Friday Reports but to check Posts Tab. I even went to Gary Gill Posts tab and realized so much content that I have been missing. Youtube changed a lot in 2026 and funny I pay for Premium and various channels they get a cut I am sure and I asked AI why stopped notifications and I have them all turned on and guess what? ...scammers found way to hack noreply@youtube so periodically click on Gary Posts Tab just in case we are not notified.
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Sold before the drop today
Been thinking for last two weeks and today I sold Globalx QQCL and put into Hamilton QDay. All before prices went down. Gains on QQCL but down on QDay. Way it goes sometimes. QDay still has to pass the $26 mark before holding is red. Long time hold it is, and not worried. Tech taking a hit today by looks of it?
0 likes • 2d
@Peter Eckstein LOL QQCL owes their meat LOL Funny I too have 1% (seed positions) of QQCL but had no intentions of moving it to 3% or 5% or 7% as I like bi monthlies better | weekly Q series like QDAY QDTE ETC funny monthly bore me today. QQCL and USCL are PII favourites but I never really been a Global X guy. Like Hamilton, Harvest, Evolve etc better, not saying Global X is not a good range of products for ETF needs.
0 likes • 2d
10% in my LIRA is so small when you add up all 10 Portfolios. I use to worry about overall the break downs I be re doing lot of portfolios looking at micro not macro level.
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Michael Laba
5
359points to level up
@michael-laba-7275
The Unstuck CEO | Retirement Is Us 2026 Inc. | achieved FIRE on 09/20/24 to give back & help others | 37 yrs of Sales/Service Built 17 territories

Active 6h ago
Joined Feb 27, 2026
Haldimand, Ontario