Tax deferral increases net worth
Re-working investments could lead to more cash.
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Taking advantage of tax deferral is as easy as making a few small corrections to the structure of your investments, according to The Financial Post.
While there are a number of different strategies available to Canadians, things like non-registered investment gains, which aren’t taxed until the investment is sold, and RRSP contributions, which reduce your current tax liability, are some of the easiest ways to lessen the tax burden.
By making these changes to your investments, experts believe that you will be dramatically enhance your ability to increase your net worth.
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