Do You Know How Much Canada's Debt Actually Is?

🇨🇦 Do You Know How Much Canada's Debt Actually Is? 🤯

Canada's debt is likely a lot higher than you think.

When the country's debt is being reported, it is the net worth, not the actual debt. The actual debt is about TWO TIMES the amount that we are being told.

Mike tells us the amount of debt we are actually in.

Are you concerned about the debt in Canada?

This week on the Kelowna Real Estate podcast, we're joined by Mike Sidhu, CFP, CLU, FMA, RCIS, and IBC Practitioner.

Mike is a Financial & Tax Planning Strategist and the President of 360° Wealth Strategies & Solutions from British Columbia, who's practice is dedicated to enhancing clients' financial literacy and empowering them towards financial sovereignty, emphasizing critical thinking in wealth management. With nearly three decades in the finance industry, his expertise lies in simplifying complex financial strategies such as succession planning, intergenerational wealth transfers, trusts, and tax-minimization techniques, making them accessible and actionable for his clients.
 
Mike is here to discuss:
→ His business niche and the benefits of whole life insurance.
→ Canada's growing $2 Trillion in debt and the debt clock, why we started taking international money in the 1970s, the consequences of this debt, and the possible solutions.
→ The proposed capital gains tax increase, separating it from the federal budget into it's own legislation piece, and if it's possible the capital gains won't actually happen.

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