Wealth Creation

"A comprehensive wealth creation strategy is integral to a sound financial plan. Our plans are constructed with wealth creation efficiency in mind"

- Mitch McLean

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Wealth Creation Canada

What is wealth creation?

Wealth creation is the process of building and growing your financial assets over time to achieve long-term financial security and freedom. It involves analyzing your financial situation, identifying your financial goals, and implementing strategies to help you achieve those goals.

Wealth creation is typically performed by individuals, businesses, and financial advisors and involves keeping up to date with changes in financial markets, investment opportunities, and regulations.

The goal of wealth creation is to ensure that you have enough financial resources to live the lifestyle you desire, while minimizing your financial risks. Optimizing your wealth creation through a comprehensive approach involves utilizing various financial strategies to ensure all elements of your financial plan work together to provide you with the best chance of achieving your financial goals.


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Mitch McLean

Financial Advisor


Mitch McLean is a seasoned financial advisor based in Ottawa with over 16 years of experience. He provides financial planning and wealth creation services to clients throughout the entire province of Ontario, including Ottawa, Toronto, Mississauga, Brampton, Hamilton, Markham, Vaughan, and Kitchener.

If you're looking to schedule a consultation with Mitch to discuss your personal finance and wealth creation goals, simply reach out to him by using the contact information provided below. You can also connect with him on LinkedIn, Twitter and Facebook!

Canadian Wealth Creation

Why is Wealth Creation Important?

Achieving Financial Security


Wealth creation is important because it helps you achieve long-term financial security. By building and growing your financial assets over time, you can create a sustainable source of income to support yourself and your loved ones.


Improved Financial Planning


Wealth creation is a crucial component of overall financial planning. By optimizing your wealth creation strategies, you can ensure that you have enough financial resources to achieve your financial goals, such as saving for retirement, investing, or paying off debt.


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Working with a Wealth Creation Professional


Working with a financial advisor who has experience in wealth creation planning can be a valuable resource for developing and implementing strategies to achieve your financial goals.


A financial advisor can provide personalized advice and guidance on financial planning, investment management, and tax strategies.

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Canadian Insurance Planning

Strategies for Wealth Creation

There are many strategies available for wealth creation in Canada. Here are a few examples:

Develop a Financial Plan


Creating a comprehensive financial plan that takes into account your current financial situation, your goals, and your risk tolerance is an important step in wealth creation. A financial advisor can assist you in developing a plan tailored to your unique needs.



Invest in a Diversified Portfolio


Investing in a diversified portfolio that includes a mix of stocks, bonds, and other asset classes can help you manage risk and maximize returns. A financial advisor can help you design an investment portfolio that aligns with your financial goals and risk tolerance.



Save and Invest Regularly


Saving and investing regularly is an important strategy for wealth creation. Consistent contributions to your investment accounts over time can help you take advantage of compound interest and grow your wealth.


Minimize Taxes


Minimizing taxes on your investments is an important strategy for wealth creation. A financial advisor can assist you in developing tax-efficient investment strategies to minimize your tax liabilities. 


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"“The Wealthy Invest Differently”

-Mitch McLean

Wealth Creation Ontario

Wealth Creation in Ontario, Mitch’s Take

Wealth creation is a fundamental aspect of financial planning, and a comprehensive strategy is essential for sound financial management.


At Mitch McLean Wealth Creation, we provide wealth creation services, including identifying opportunities to minimize costs and maximize returns. As a trusted financial advisor in Ontario with over 16 years of experience, Mitch McLean can help you develop a personalized wealth creation plan to achieve your financial goals.


We utilize a comprehensive approach that considers all aspects of your financial situation to provide you with a tailored strategy that works for you.Our wealth creation process involves three key steps: Evaluate, Design, and Implement.



Evaluating your financial situation is the first step in our wealth creation process. This involves analyzing your current assets, liabilities, income, and expenses to understand your financial position. We also identify your short-term and long-term financial goals and assess your risk tolerance. By understanding your unique financial situation and goals, we can develop a customized wealth creation plan that fits your individual needs.



Designing a wealth creation plan that meets your needs involves selecting the right types of investments and determining the appropriate asset allocation. Our wealth creation services include a comprehensive analysis of your needs and a review of investment products to help you choose the right investment strategy.



Implementing your wealth creation plan involves putting your investment strategy into action. This includes opening investment accounts, selecting investments, and ensuring that your portfolio is well-diversified.


Our wealth creation services include ongoing monitoring and review of your portfolio to ensure that it continues to meet your needs.


At Mitch McLean Wealth Creation, we are committed to providing our clients with the highest level of service and expertise in wealth creation. Contact us today to schedule a consultation and start your journey towards financial success.


Five Laws to Wealth Creation

For most individuals, wealth creation is not about luck, it is by design. When we observe the wealthiest Canadians, we can see they have successfully implemented the 5 Laws of Wealth Creation.


Law #1: Own a few high-quality businesses

The first law of wealth creation is to invest in a few high-quality businesses that have the potential for long-term growth and profitability. This requires careful analysis of the company's financial health, ownership, management style, competitive advantages, and the focus of the board.  


Law #2: Thoroughly understand these businesses  

The second law is to have a thorough understanding of the businesses you invest in. This means conducting extensive research and analysis to gain a deep knowledge of the industry, the company's operations, financial statements, and competitive landscape.


Law #3: Ensure these businesses are domiciled in strong long-term growth industries

The third law is to ensure that the businesses you invest in operate in strong long-term growth industries. This means looking for industries with sustainable demand, innovation, and growth potential, and avoiding those with declining demand, increasing competition, or regulatory hurdles.  


Law #4: Use other people’s money prudently

The fourth law is to invest only in businesses that have borrowed prudently to maximize returns. This means investing in businesses that are not over burdened with debt, they have used debt prudently to grow the business without taking unnecessary risk.  


Law #5: Hold these businesses for the long run  

The fifth law is to hold these businesses for the long run. Wealth creation is a long-term process, and successful investors know that holding high-quality businesses for the long run is key to building wealth over time. This means avoiding short-term market fluctuations, and focusing on the long-term growth and profitability potential of your investments.  

By following these five laws, you can increase your chances of building long-term wealth and achieving financial success.  


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Wealth Creation Services in Ottawa, Toronto and Mississauga

Mitch McLean is an Ottawa based financial advisor offering wealth creation services across the entire province of Ontario including Ottawa, Toronto , Mississauga , Brampton , Hamilton, Markham, Vaughan and Kitchener .

If you are interested in scheduling a call with Mitch to discuss your financial planning and wealth creation needs, contact him below!

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Frequently Asked Questions

What is wealth creation?

Wealth creation refers to the process of building and increasing one's net worth through various financial strategies, such as investing, saving, and budgeting.

Are insurance premiums tax deductible in Canada?

Insurance premiums are generally not tax-deductible in Canada, except for specific cases such as medical, disability, critical illness, and long-term care insurance premiums, under certain conditions. It is advisable to consult a tax professional or the CRA for specific guidance.

What types of insurance coverage should I consider?

The types of insurance coverage you should consider depend on your unique needs and circumstances. Some common types of insurance coverage include life insurance, disability insurance, critical illness insurance, and long-term care insurance.

How much insurance coverage do I need?

The amount of insurance coverage you need depends on various factors such as your income, expenses, debts, and family situation. A financial advisor can help you determine the appropriate amount of coverage for your individual needs.

Why is insurance planning important?

Insurance planning is important because it helps you protect your financial wellbeing by managing your risk and ensuring that you have the right types and amounts of insurance coverage in place.

How often should I review my insurance coverage?

It is recommended to review your insurance coverage on an annual basis, or whenever there is a significant change in your circumstances, such as a marriage, divorce, or the birth of a child.

Can I change my insurance coverage if my needs change?

Yes you can change coverage, however if you require additional insurance coverage you may have to complete the underwriting process. To decrease insurance coverage one may not require the underwriting process.








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