In the conclusion of this two-part series, Tim Borody dives into the often-misunderstood world of non-registered accounts and the critical role of tax efficiency. Building on Part 1, this episode focuses on how to coordinate your investments to protect your wealth from unnecessary tax erosion while keeping your plan flexible for the transitions ahead.

Navigating Tax and Legacy Objectives

• The Versatility of Non-Registered Accounts: Tim explains the unique benefits of non-registered accounts, including their lack of contribution limits and their ability to be held jointly or corporately for maximum flexibility.
• Decoding the Tax Hierarchy: A breakdown of how the government treats different types of growth, explaining why capital gains and dividends are far more "tax-preferred" than standard interest income.
• Aligning Portfolio Jobs with Account Types: Understand why your long-term legacy goals belong in tax-free vehicles while your short-term needs require a more prudent, risk-managed approach.

Whether you are saving for a first home or planning a phased early retirement, join Tim to learn how to stress-test your strategy and ensure every dollar in your plan has a specific job to do.

Tim Borody kicks off a special two-part series focused on the foundational "buckets" of a successful financial plan. In a world of information overload, this episode moves beyond simple account names to explore how your financial structure should actually serve your life objectives—because your plan is only as strong as the clarity behind it.

Mastering Your Financial Structure

• The System of Buckets: Tim illustrates the "Bucket Concept"—a way to visualize your cash flow and accounts as a system of taps and reservoirs to ensure you never run dry.
• Liquidity vs. Stability: Understand the "Short-Term Bucket" (0–3 years) and why emergency funds and "opportunity cash" require liquid, stable vehicles like High-Interest Savings Accounts (HISAs) or money market funds.
• The Power of Purpose: Learn why every account—from your RRSP for retirement to your TFSA for long-term growth—must be earmarked for a specific timeline and goal to be truly effective.

As you evaluate your current accounts, join Tim to discover how shifting from "having a bunch of accounts" to "having a comprehensive plan" can take the weight of financial stress off your shoulders.

Tax season doesn't have to be a source of stress; instead, it can be the ultimate annual check-up for your financial health. In this episode, Tim Borody walks you through the essential steps to prepare for your 2025 Canadian tax filing while shifting your mindset from simple "tax prep" to strategic "tax planning".

Navigating the 2025 Tax Landscape

• Preparation vs. Planning: Discover the critical difference between tax preparation—the backwards-looking process of filing—and tax planning, which is a forward-looking strategy integrated into your long-term financial plan.
• CRA Watchlist & Digital Shifts: Stay ahead of the CRA’s push for digital filing and their increased focus on data matching for unreported income from side hustles, freelance work, and the gig economy.
• The "Refund" Trap: Learn why a massive tax refund isn't necessarily a win, but often a sign of poor cash flow management and missed opportunities to keep more money in your pocket throughout the year.

As you gather your slips and organize your folders, join Tim to learn how to use this season as a catalyst for better financial habits and a clearer vision for the life you deserve.