FI School Lesson 8: Tax optimization
Taxes—it’s a topic that puts most people to sleep! But you could potentially shave years off your FI date by learning how to legally minimize taxes. It’s one of the secret ninja skills of the FI community!
Blogs
- Read his Tax Avoidance articles—they’re all good!
- Tackling Tax-Efficient Investing (five-part series)
Podcasts
- 017: Mad Fientist an Origin Story
- 018: Go Curry Cracker (tax optimization tactics start at 36:40)
- 025: The Wealthy Accountant
- 007: Strategies to Achieve Financial Independence at an Early Age (an interview with Brandon, the Mad Fientist)
- 54: 6 Ways to Reduce Your Taxable Income with Eric Brotman
- Download Eric’s free e-book, Pay Less Taxes Now.
- 175: A Simple Trick to Boost Your Investment Returns (How asset location can reduce your taxes)
Tools
- SimpleTax Calculator (a great tool for planning optimal withdrawal rates within tax brackets)
- TaxTips.ca (a comprehensive treasure trove of Canadian tax info)
Day job’s not getting you to FI soon enough? It’s never been easier to earn money in your spare time! Learn all about side hustles in this lesson.
Want to maximize returns, reduce risk, and have more peace of mind? Build your investing knowledge—because more knowledge equals more wealth.
Go back to the FI School homepage to jump to another lesson.
Questions?
Ask away in the comments—I’m happy to help!
Support this blog
If you liked this article and want more content like this, please support this blog by sharing it! Not only does it help spread the FIRE, but it lets me know what content you find most useful. (Which encourages me to write more of it!)
You can also support this blog by visiting my recommendations page and purchasing through the links. Note that not every link is an affiliate link—some are just favourite products and services that I want to share. 🙂
As always, however you show your support for this blog—THANK YOU!
No Comments