Small businesses are the backbone of our economy, creating 70% of the jobs in our country. Despite their significant contributions, they often face a disproportionate tax burden. This concern is at the heart of the upcoming podcast episode featuring Dave Otto, founder and president of Do Financial Canada. In this episode, we explore the challenges small business owners face with income tax, growth tax, tax on passive assets, and higher capital gains inclusion.

Join us as we discuss potential solutions to make the tax system fairer for small business owners. Dave Otto will share insights on how small businesses can navigate these challenges and potentially receive the break they deserve. Don't miss this opportunity to learn from a seasoned financial planning strategist who is passionate about advocating for small business owners.

In the episode of 'Informed,' host Randy Taylor interviewed Dave Otto, founder and financial planning strategist of Due Financial Canada. The discussion focused on the challenges small business owners face regarding taxation and financial management. Dave Otto shared his personal story of growing up with a single mother, which motivated him to help others reduce financial stress. He discussed two key strategies used by wealthy individuals: placing money in tax-advantaged locations and controlling capital rather than relying on banks. Otto emphasized that traditional financial planning often overlooks these strategies, which can significantly reduce tax burdens and financing costs.

He introduced the concept of 'tailwind strategies', explaining how avoiding financial headwinds like taxes and high financing costs can improve wealth accumulation. The conversation highlighted the complexity of the current tax system, which has grown from 10 pages in 1970 to over 3200 pages today, and the need for business owners to rethink traditional approaches to money management.

Tune in to the podcast here: Watch Now