Great class today. Had a lot of discussions and covered a wide range of topics.
We learnt about:
- Progressive tax rate
- Calculating federal tax
- Understanding Taxable Capital Gain
- Registered savings accounts
This week's investment challenge is to create a profile on your future financial circumstances. Think about the asset allocation you want, and invest in a fixed income security (GIC).
See you next week!
We had a great class today, lots of discussions and participations.
- Your financial circumstances
- Considerations to make when building a portfolio
- Risk vs reward trade-off
- Asset allocations based on risk tolerance
- Basics of taxes
- Filing taxes
- Progressive taxation system
Next week I will test your knowledge on the progressive tax system and tax brackets!
Welcome to Camp Millionaire!
My name is Aaron. I am currently a fourth-year accounting student at UofT. I look forward to sharing my passion in finance and to teach the next generation about Finance!
The purpose of Camp Millionaire Level 4 is to give them a foundation on how to build a portfolio and understanding of taxation. This is based on the knowledge students have gained about investment throughout the prior level.
Classes will take place each Sunday @ 2:00 - 3:30 pm EST (Toronto time)
Please ensure you have a Zoom account and are able to connect.
Zoom link: https://us02web.zoom.us/j/86953438688
We look forward to meeting and working with your kids!