Cash compensation is taxable employment income paid in money (salary, bonus). Equity compensation is a taxable benefit paid in shares or rights to shares (stock options, RSUs, ESPPs, phantom stock). Cash provides immediate liquidity and tax simplicity; equity provides upside tied to company performance but adds vesting, market risk, and concentrated exposure. Canadian employees face…
A leveraged ETF bond uses derivatives and borrowed capital to deliver 2x or 3x the daily return of a bond index. Long leveraged ETFs profit when bond prices rise; inverse versions profit when prices fall. The products reset daily, producing volatility decay over multi-day holding periods. Canadian investors typically access these products through US-listed funds…