NEVER PAY TAX AGAIN? What the Wealthy Know That You Don’t | Real Estate & Money Show Ep. 45

Tom Broderick
Jun 19
2 min read

If you think paying income tax is inevitable… you’ve already lost.

In Episode 45 of The Real Estate & Money Show, Kevin J. Johnston—Canada’s top income and corporate tax expert—pulls back the curtain on how the wealthy use the tax system to pay nothing... legally.

This isn’t tax evasion. This is tax strategy—and it’s completely legal.Whether you're an employee, entrepreneur, or real estate investor, this episode could transform your financial future and show you how to reclaim the wealth you're giving away every year.

🎥 Watch the episode now and learn what accountants and CRA agents won’t tell you.

How the Wealthy “Never Pay Taxes” — Legally

Kevin breaks down how high-net-worth individuals and corporations legally minimize their tax liability, often down to zero.

Backed by global tax strategy principles, this episode explains:

How corporate structures like holding companies and family trusts reduce tax exposure
Why business income is taxed very differently than personal income
How the U.S. and Canadian tax codes incentivize real estate and capital reinvestment
The truth behind “write-offs” and depreciation strategies

💡 According to the Canadian Income Tax Act (sections 85 & 86), properly structured rollovers and corporate reorganizations can defer taxes for decades—something the wealthy use routinely.

Canada’s Tax System: Rigged Against Employees?

Kevin lays out how salaried Canadians are paying the highest tax rates, often without knowing the alternatives.

Did you know?

The average Canadian earning $80,000 pays over 35% in total taxes (federal, provincial, and payroll combined).
Meanwhile, corporations can reinvest profits and pay as little as 9–12%, depending on structure.

This episode dives into:

Why salaried employees have almost no write-offs
How to legally transition into a business or investor model
What CRA allows in terms of legitimate business expenses
How you can become your own company (even if you work alone)

Corporate Tax Structures That Keep Your Wealth in Your Hands

Kevin shares advanced corporate tax strategies, including:

How to use a Canadian-Controlled Private Corporation (CCPC)
How U.S. LLCs and offshore structures can reduce tax without breaking the law
Real-world examples of restructuring businesses to eliminate tax leaks

Fact: Entrepreneurs in Canada who operate through a CCPC and take advantage of the Small Business Deduction can reduce federal tax on the first $500,000 of income to just 9% (2024 CRA guidelines).

Real Estate = Tax Reduction Goldmine

One of the most powerful tools in your tax-saving toolkit is real estate investing—and Kevin shows you why.

Learn:

How rental income is taxed differently than employment income
Why capital cost allowance (CCA) allows you to write off your property year after year
How to defer capital gains through legal mechanisms like 1031 exchanges (U.S.) or primary residence exemptions (Canada)