The HENRY’s Guide to Building Wealth in Canada
The HENRY’s Guide to Building Wealth in Canada
HENRY stands for High Earner, Not Rich Yet - and if that sounds like you, you’re in good company. You’ve got the income, the ambition, and big goals for the future. But between taxes, lifestyle expenses, and limited time, many HENRYs feel like they’re running hard but not getting ahead.
At Brewitt Financial, we help high earners in Canada turn their income into lasting wealth through smart, efficient financial planning. Here’s your guide to making it happen:
1. Treat Your Income Like an Asset
Earning six figures is a powerful starting point - but income alone doesn’t build wealth. The key is converting a portion of that income into long-term assets, like investments, real estate, or even a professional corporation.
2. Build an Intentional Spending Plan
It’s not about budgeting every dollar - it’s about making room for what matters. We help clients design a cash flow system that balances lifestyle and long-term goals, automatically.
3. Invest Tax-Smart
The Canadian tax system can either help you grow or quietly drag you down. Using the right mix of RRSPs, TFSAs, FHSAs, and corporate structures (if you qualify) can boost your after-tax returns significantly.
4. Insure Strategically
Life, disability, and critical illness insurance protect your ability to earn. Plus, permanent life insurance can double as a tax-efficient wealth-building tool. We’ll show you how to use it wisely.
5. Don’t Let Your Plan Collect Dust
Life changes quickly - your financial plan should too. We provide ongoing reviews and updates so you always know where you stand and what’s next.
You’ve worked hard to earn your income - now it’s time to make it work hard for you. At Brewitt Financial, we’re here to help you navigate all aspects of your wealth-building journey, from investing and tax planning to insurance and goal setting.