Financial education services · Kitchener, Ontario

Build income from your investments, one clear step at a time.

One-on-one coaching for families who came to Canada to build something. Learn how passive income investing and options actually work, at your pace, with your own accounts in front of you.

Book a free intro session Compare strategies

Money basics first. Debt, an emergency fund and the right accounts come before any trade. Then income ETFs, then options, only when you’re ready.

About your coach

Obi Oji, founder

I came to Canada to build a better life for my family, and learned the hard way that a salary alone rarely gets you there. Today my family lives on income from our own investments. I started Melius One to teach other families how to do the same, clearly and honestly.

$850KMy own invested portfolio

$15KMonthly income it pays my family

4+ yrsDelivery leadership in Canadian banking

1:1Every session one-on-one, never a group class

Release Train Engineer, leading large technology programmes at a major Canadian bank
Board member, Octopus VC
I live on income ETFs, and have traded the wheel and LEAPS with my own money
Based in Kitchener, Ontario · Sessions online or in person

Ten-year projection

Where my portfolio could be by 2036

My family lives on about $7,000 a month from the portfolio, and every dollar beyond that is reinvested. How far it grows depends on the market.

Steady markets

12% a year

Portfolio, 2031: $964K
Portfolio, 2036: $1.2M
Income, 2036: $20,400 a month

Strong markets

15% a year

Portfolio, 2031: $1.2M
Portfolio, 2036: $1.9M
Income, 2036: $33,300 a month

A repeat of the 2010s

17.6% a year, as 2010–2019

Portfolio, 2031: $1.4M
Portfolio, 2036: $2.8M
Income, 2036: $48,400 a month

How this is worked out: starts at $850,000; $84,000 a year is drawn for living costs; the income funds are assumed to return 1.25 times the market less 3% a year in costs; income is about 21% of the portfolio’s value, as it is today. Before tax. An illustration of three possible paths, not a forecast or a promise. Markets can do worse than all three.

Funds we cover

Income, dividend and growth ETFs

Approximate yields from issuer and market data, mid-October 2026. *HONE’s first payout is November 2026; EASY launched in March 2026 and has little payout history. Payouts are set by each fund and change often. For education, not a recommendation.
Fund	What it holds	Type	Yield	Pays
MSTE	Strategy (MSTR) shares, covered calls, leverage	Income	~45%	Monthly
HHIS	US large-cap shares, covered calls	Income	~29%	Monthly
HONE	All-in-one: HHIS, HHIC and HHII	Income	~21%*	Monthly
EASY	Global shares, covered calls, modest leverage	Income	New fund	Twice a month
CDAY	Canadian shares, covered calls	Income	~19%	Twice a month
SDAY	US dividend shares, covered calls	Income	~19%	Twice a month
QDAY	Nasdaq-100, covered calls	Income	~18%	Twice a month
BDAY	Bitcoin, covered calls	Income	~15%	Twice a month
HDIV	Canadian sector funds, covered calls	Income	~10%	Monthly
VDY	Canadian high-dividend shares	Dividend	~3%	Monthly
XEQT	Global shares, all-in-one	Growth	~1.6%	Quarterly
VFV	S&P 500	Growth	~0.8%	Quarterly
QQC	Nasdaq-100	Growth	~0.3%	Quarterly

How it works

Three steps, no pressure

Step 1

Free intro session

Sixty minutes, just you and me. What passive income is, what it isn’t, and whether coaching fits you.

Free

Step 2

One-on-one coaching

Six private sessions working through the curriculum with your own accounts, numbers and goals.

$594 · six sessions at $99 each

Step 3

Check-ins

Monthly reviews once you’re investing: what your funds paid, what changed, and what to watch.

$75 a month

Curriculum

From your first budget to LEAPS

Money foundations

Pay down high-interest debt, build an emergency fund, and set a monthly number you can live on.

The right accounts

TFSA, RRSP, FHSA and non-registered accounts: what goes where, and why it changes your tax.

Income ETFs

How covered-call funds pay 15–30%, what return of capital means, and why prices can drift down.

Growth investing

Index funds like XEQT and VFV: low cost, full market upside, small payouts.

Options basics

Calls, puts, strike, expiry, premium and the Greeks, explained with real option chains.

The wheel strategy

Cash-secured puts and covered calls on stocks you’d be happy to own.

LEAPS

Long-dated options as a lower-cost way to hold a stock, and the risks that come with them.

Your plan

Putting it together: how much to hold where, when to reinvest, and the rules you follow when markets fall.

Strategies

Growth, income, or both

Every strategy trades something away. Here is what each one gives you, and what it costs.

Growth

Index ETFs

Examples: XEQT, VFV, QQC, VDY
Payout: about 1–4% a year
Gives you: The full market return at very low cost
Costs you: Little income now; you sell units to spend
Best for: Long horizons, TFSAs, people still earning a salary

Income

Covered-call income ETFs

Examples: HHIS, HONE, EASY, CDAY, SDAY, QDAY, BDAY, HDIV
Payout: about 10–29% a year
Gives you: Large monthly or twice-monthly cash, mostly return of capital
Costs you: Capped upside; the price drifts down when payouts exceed returns
Best for: Living off a portfolio, with the surplus reinvested

Hybrid

Income first, then rotate

How: Start in a high-payout fund; reinvest every surplus dollar into other funds
Gives you: Income now, diversification within three to five years
Costs you: Concentration in the early years
Best for: Leaving a job while still building wealth

Options

The wheel and LEAPS

How: Sell cash-secured puts, then covered calls; LEAPS for long-term exposure
Gives you: Premium income on stocks you choose, more control
Costs you: Time, discipline, and real losses when a stock falls hard
Best for: People willing to learn and manage trades every week

The tax advantage

Why most of this income isn’t taxed yet

Most of what these funds pay is return of capital, not income. Canada doesn’t tax it when you receive it. Compared with a salary of the same size, far more of each payout stays in your pocket.

1 · Return of capital

Not taxed when paid

In 2025, about 85–100% of the payouts from HHIS and the DayMAX funds (CDAY, SDAY, QDAY) were return of capital. You don’t report it as income in the year you receive it.

2 · Deferral

Taxed later, at half

Instead, each payout lowers your cost base. Tax comes when you sell, or once the cost base reaches zero, and then as a capital gain: only half of it is taxable.

3 · Accounts

TFSA: never taxed

Hold these funds in a TFSA and every payout and every gain is tax-free, for good. A non-registered account comes next, and an RRSP defers everything until you withdraw.

4 · Family bonus

Lower taxable income

Because return of capital isn’t income, your reported income can stay low. That can help with income-tested benefits such as the Canada Child Benefit.

Example · Ontario, 2026

$100,000 a year: salary vs. income funds

The same $100,000 leaves about $26,000 more in your pocket this year, and more again once workplace deductions come off a paycheque.

	Salary	Income-fund payouts
Received	$100,000	$100,000
Taxable this year	$100,000	about $10,000 (if 90% is return of capital)
Income tax this year	about $20,500	$0 (under the basic personal amount)
CPP and EI	about $5,800	$0
You keep this year	about $74,000*	about $100,000

*Before workplace pension, benefits premiums and other payroll deductions, which lower a real paycheque further.

The fine print: return of capital is partly your own money coming back, so it isn’t free. It defers tax rather than cancelling it. The mix changes every year and is confirmed on each fund’s T3 slip, so keep track of your cost base. Figures are rounded and simplified, and this is general education, not tax advice. Check your own situation with an accountant. Coaching covers how to track all of this.

Try it

What could $100,000 do?

Amount invested ($)

Stock market return per year

What happens to the payouts

Assumptions: index ETFs earn the market return less 0.2% and pay 2.4%; income ETFs earn 1.25× the market less 2–3% in costs and pay 19–28%. At 50%, the other half of each payout is spent. Illustration only, before tax, not a forecast.

Strategy	Income, month 1	Value after 10 years	Cash taken over 10 years

My portfolio · Updated October 2026

How I invest my own money

I teach what I do with my own family’s money: a four-fund income strategy that pays us every month, plus a long-term position in Bitcoin.

Four income funds
HHIS · CDAY · SDAY · QDAY, equal parts~80%

Bitcoin, through Strategy
MSTR · MSTE~20%

I’ve also sold options, mainly puts and covered calls on TQQQ, in a separate, smaller account. It’s covered in the options modules.

My rules

IncomeLive on the payouts. Every dollar beyond what the family spends is reinvested.
Check-upsEvery quarter, compare each fund’s total return with what it paid. Stop adding to any fund that falls short four quarters in a row.
BorrowingKeep any margin loan small, and repay it from the payout on the units it bought.
BitcoinHold for the long run, and keep it to about a fifth of the portfolio.
CashKeep a reserve so a bad month never forces a sale.

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