The Tax Mistake That Stops You Scaling

Your surplus is growing. So is the tax bill hiding inside it. I'm Henry Wong, CPA, CA and the Wealth Structurist. In this video, I breakdown the passive income trap that quietly costs successful business owners years of compounding, and walks through exactly how to read your own T2 to see where your money went. What you'll learn: Why minimizing what you draw from your company can trigger a bigger tax cost than the one you were avoiding How to read your own T2 to see which of your dollars traveled the active road and which traveled the penalty road The difference between a compliance professional, an advisor, and content, and why asking the wrong one the right question gets you the wrong answer Chapters: 00:00 The Question Most Owners Take to the Wrong Person 00:44 Henry's Background: PwC, Rogers, and Sitting on Both Sides of the Table 02:28 What a Wealth Structurist Actually Does 03:12 Structure, Reorganization, and Timing Explained 04:36 Why "Progressive" Is the Problem You Have Gone Numb To 05:49 The Two Doors: Too Early vs Too Late 06:36 The Corporate Surplus Trap, Explained 08:03 Why This Is a Loop, Not a Mistake 09:05 The Number That Breaks the Loop 10:25 Reading Your T2: The Four Stops 12:58 The Lane Rule: Compliance vs Advisory vs Content 16:10 Your Assignment Before Video Three Disclaimer: The information provided by Wealth Structurist Inc. and Henry Wong is for educational and informational purposes only. It should not be considered financial, tax, legal, investment, or insurance advice, or a recommendation to buy or sell any financial product or engage in any specific financial activity. Every situation is different. Speak with your own qualified professionals before acting on anything discussed here. Examples used are illustrative and anonymized. The 7 Structures of Wealth™ is a proprietary educational framework used by Wealth Structurist Inc. Follow me on LinkedIn:   / henrywong-cpa-ca