How to Live Off Your Investments in Canada – Kyle Prevost

How to Live Off Your Investments in Canada - Kyle Prevost

In this episode, you’re going to learn:

How to deal with the volatility of the stock market, once you are financially independent and are living off your investments:
There are many schools of thought and structures when it comes to dealing with this challenge here in Canada. Retirement expert, Kyle Prevost takes us through his research on the top recommended and respected structures that he has uncovered for us Canadians.

We also go through Kyle’s research on the optimum location for the fixed income portion of your portfolio. Traditionally the advice has been to keep fixed income like bonds in our RRSP. But does that still apply considering these higher interest rates that we are now experiencing here in Canada? And what about GICs? How do they fit into all of this? Should we be using those instead?

Last but not least, after taking into account all the research that he’s done on investing and financial planning for over a decade, Kyle shares what types of investments he buys for his own investment portfolio, and what accounts he puts his own investments in for the greatest tax savings and efficiency.

About Our Guest:

Kyle is the founder of the Canadian Financial Summit and he and I have been co-hosting the summit together for the past 2 years. He is also a longtime personal finance columnist and you’ve probably seen a lot of his work over at MoneySense, and he’s been in the National Post, CBC News, The Globe and Mail, and many others.  Most recently he is also the creator of 4 Steps to a Worry-Free Retirement – the first online course for Canadian retirement planning.

He has over a decade and a half of experience at this point when it comes to teaching personal finance, and I was actually part of the test group for his 4 Steps to a Worry-Free Retirement course, and I can personally say that it’s really, really good. I’m not getting paid to promote it, or anything like that, I just think that he’s built an incredibly valuable resource specifically for Canadians, and I want to help him out in whatever way I can as it’s something that I wish I had when I hit my financial independence number, and it’s something that I desperately want my parents to go through, as they enter their retirement.

I hope you check it out and give him your support. And the link to check it out is over at

Resources Mentioned:

4 Steps to a Worry-Free Retirement 


A Big Thanks to Our Sponsors:

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Questions Covered:

1. Once someone has hit their financial independence number here in Canada and wants to start living off their portfolio, what have you found to be the top recommended structures to deal with the volatility of the market? For example, having a rule for how big the cash cushion should be, using GIC ladders, etc.

2. What investments do you buy for your own portfolio, and what accounts do you put your own investments in?

3. From your research, what have you found to be the optimum location for the fixed income portion of our portfolio? Traditionally the advice is to keep fixed income like bond ETFs in our RRSP. Does that still apply considering these higher rates? What about GICs?

4. Tell us more about your work and your retirement course for Canadians.


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