Plain English Finance
The Plain English Finance podcast is hosted by Tré Bynoe CFP® CIM®, a financial planner with TCU Wealth Management and Aviso Wealth.
While Tré specializes in working with families with more complicated finances, typically involving corporations and trusts, this podcast is for anyone wanting to learn how to make high-quality decisions based on evidence, to give themselves the highest likelihood of financial success.
You should always consult with your financial, legal, and tax advisors before making changes.
This podcast is provided as a general source of information and should not be considered personal investment advice or solicitation to buy or sell any securities.
The views expressed are those of the individual and are not necessarily those of Aviso Financial Inc.
Mutual funds and other securities are offered through Aviso Wealth, a division of Aviso Financial Inc.
Plain English Finance
Ep. 28 | The Smart Path to Buying Into Your Firm
In this episode of Plain English Finance, host Tré Bynoe, CFP®, CIM®, breaks down the step-by-step plan for professionals thinking about buying into their firm — lawyers, engineers, accountants, and doctors alike.
Tré explains how to build your finances in the right order so you’re ready when the chance to buy in comes. From mastering personal spending to building a non-registered account and structuring your debt for tax savings, this episode lays out a simple roadmap for professionals who want to move from employee to part-owner.
With Sierra joining the conversation, they cover what really matters: earning well, protecting your income, and setting up your finances so opportunities don’t pass you by.
Key Takeaways:
- Why mastering personal spending comes first
- How to plan around your long-term tax bracket
- Using RRSPs and TFSAs strategically
- The role of a non-registered account in buying into a firm
- How to make debt tax-efficient
- When to think about IPPs, holdcos, and advanced strategies
- Mistakes to avoid when structuring your buy-in
