Wealth Wise: Building and Protecting your Financial Future in Canada
In Wealth Wise: Building and Protecting Your Financial Future in Canada, Rajesh Chowdhry, a seasoned financial consultant, delivers a practical and inspiring guide to achieving financial freedom in Canada’s dynamic 2025 economic landscape. Through the relatable journey of Sarah and Michael Chen—a Toronto couple balancing careers, a dream of a Vancouver home, a fintech startup, and their daughter Emma’s future—Chowdhry demystifies personal finance for Canadians at any stage. Spanning across 17 chapters, the book is structured around five pillars: saving diligently, growing wealth, protecting income, minimizing taxes, and passing assets to loved ones.
Starting with their modest $20,000 savings, the Chens face challenges like Toronto’s $700,000 condo prices, 2.75% interest rates, and tech sector volatility. Guided by their Certified Financial Planner, Linda, they utilize Canadian tools such as Tax-Free Savings
Accounts (TFSAs), Registered Retirement Savings Plans (RRSPs), First Home Savings Accounts (FHSA), and Registered Education Savings Plans (RESPs) to develop a comprehensive financial plan. From establishing a $45,000 emergency fund (Ch1–2) to investing in ETFs for a $100,000 portfolio (Ch3–5), securing $500,000 in life insurance (Ch6–7), saving $3,000 annually through RRSPs (Ch8–11), and launching Michael’s app en route to a $1.5 million net worth (Ch12–17), their story illustrates a clear path forward.
Enriched with case studies from Halifax to Calgary, practical worksheets (e.g., Goal-Setting Template), and data-driven insights (e.g., 1.9% inflation, $7,997 CCB limits), Wealth Wise addresses housing crises, inflation, and economic shifts. Appendices offer glossaries and CRA-sourced data for reference. Whether you’re a DIY planner or advisor, this book empowers readers to navigate Canada’s financial system with confidence, turning aspirations into reality through disciplined, strategic choices.
WealthWise Bonus Chapters:
Advanced Strategies for Estate Planning and Wealth Protection in Canada,
(A companion book to WealthWise: Building and Protecting Your Financial Future in Canada.)
This volume goes deeper into sophisticated strategies for safeguarding and transferring your wealth, tailored to Canada’s unique tax and legal landscape in 2025.
With no federal estate tax but significant capital gains considerations under the deemed disposition rule and varying provincial probate fees, advanced estate planning is critical for Canadians seeking to maximize their legacy.
Through the journey of Sarah and Michael Chen, a Toronto couple navigating their growing net worth, parenthood, and entrepreneurial ventures, we explore powerful tools such as trusts, universal and whole life insurance, beneficiary designations, and the strategic use of RRSPs and TFSAs. Guided by their financial planner, Linda, the Chens illustrate how to protect assets from creditors, minimize taxes, and ensure a secure future for their daughter, Emma.
Each chapter provides in-depth insights, Canadian-specific tax considerations, practical applications, and case studies to make complex concepts accessible.
Whether you’re a high-net-worth individual, a business owner, or a family planning for the next generation, WealthWise Bonus Chapters empowers you to build a robust estate plan and protect your wealth with confidence. Let’s embark on this journey to secure your financial legacy.
This Companion book is available free to all those who leave a review on Amazon and submit their form with the proof of review. To submit the form CLICK HERE