Tax Talk Podcast: Recent Episodes
Jared Pilon
A monthly podcast with a wide range of guests focused on helping Canadian small business owners make decisions surrounding incorporation, growing their business efficiently, and implementing successful succession, estate planning & tax planning strategies.
Everyone seems to have an opinion on holding companies. Your lawyer mentioned it. Another business owner swears by it. You read something about it online. But nobody has clearly explained whether you actually need one.
In this episode of Legacy: The Business Succession Podcast, I’m cutting through the noise on one of the most misunderstood topics in business succession planning. A holding company is a tool, and like any tool, it only works when it is used for the right job.
But the reality most business owners don't hear until it's too late is that by the time you start asking questions about corporate structure, some of the best planning opportunities have already passed you by.
What You'll Learn in This Episode:
- What a holding company actually is
- Why not every incorporated business needs one
- How surplus assets left inside an operating company create unnecessary legal and financial risk
- Why separating retained earnings and real estate into a holding company creates flexibility
- Why the Lifetime Capital Gains Exemption requires advance planning
The business owners who benefit most from holding company planning are not the ones who set it up because someone told them to. They are the ones who built their structure with a clear purpose, years before a transition was ever on the table.
Download Legacy's Business Succession Planning eBook at legacyllp.ca. It's free and meant for business owners navigating these decisions right now.
https://www.legacyllp.ca/resources/ebooks/business-succession-planning-canada
Find us at:
https://www.legacyllp.ca/
reception@legacyllp.ca
Timestamps:
00:00 Kicking it off
01:42 Should I have a holding company?
02:55 What is a holding company?
04:49 The reason for a HoldingCo
07:30 Timing planning
08:07 Wrapping it up
holdingcompany #businesssuccession #HoldCo
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Disclaimer: By using this website, blog or podcast, users agree as follows: The information, services and/or products are for general information only, and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first. The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with. Although we make strong efforts to make sure our information is accurate, we cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.
Splitting everything equally among your children sounds like the fair and reasonable thing to do. But in family business succession, "equal" and "fair" are not always the same thing. Assuming they are is one of the most common mistakes that breaks both businesses and families.
In this episode of Legacy: The Business Succession Podcast, I tackle one of the most emotionally charged aspects of succession planning: family transfers. Specifically, how business owners can balance fairness and control when the people involved are not just shareholders, but family.
While transferring a business to the next generation may sound straightforward, the reality is almost always more complicated.
What You'll Learn in This Episode:
- Why equal ownership does not automatically create a fair outcome for everyone involved
- Why the question "what outcome are we actually trying to achieve?" matters more than any ownership percentage
- Why ownership and control are not the same thing
- Why avoiding these conversations creates far more conflict than having them early
- How gradual leadership transitions, started years in advance, create options that last-minute planning never will
Download Legacy's Business Succession Planning eBook at legacyllp.ca. It's free and meant for business owners navigating these decisions right now.
https://www.legacyllp.ca/resources/ebooks/business-succession-planning-canada
Find us at:
https://www.legacyllp.ca/
reception@legacyllp.ca
Timestamps
00:00 Kicking it off
01:57 Equal isn't always fair
06:30 Ownership vs control
09:36 The BIG mistake
11:41 Wrapping it up
businesssuccession #familybusiness #exitplanning
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Disclaimer: By using this website, blog or podcast, users agree as follows: The information, services and/or products are for general information only, and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first. The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with. Although we make strong efforts to make sure my information is accurate, we cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.
Handing your business to the team that helped you build it is the obvious move. But management buyouts fail more often than you expect.
In this episode of Legacy: The Business Succession Podcast, I’m breaking down how management buyouts work, why they appeal to so many business owners, and, most importantly, the reasons they break down before they ever get across the finish line.
The people are rarely the problem. The structure almost always is.
What You'll Learn in This Episode:
- Why management buyouts attract owners who care about more than just the sale price
- How vendor financing and vendor take-back loans make MBOs possible, and what risk they carry for the seller
- The difference between being a great manager and being ready to be an owner
- Why authority must transfer alongside ownership, and what happens when it doesn't
- Why the strongest management buyouts begin years before any shares are ever sold
This episode is for educational purposes only and does not constitute specific legal, tax, or financial advice.
Download Legacy's Business Succession Planning eBook at legacyllp.ca. It's free and meant for business owners navigating these decisions right now.
https://www.legacyllp.ca/resources/ebooks/business-succession-planning-canada
Find us at:
https://www.legacyllp.ca/
reception@legacyllp.ca
Timestamps
00:00 Kicking it off
02:49 Why Management Buyouts work
04:13 The money problem
08:43 Managers become owners
12:37 Letting go of the business
15:49 Wrapping it up
managementbuyout #businesssuccession #MBO
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Disclaimer: By using this website, blog or podcast, users agree as follows: The information, services and/or products are for general information only, and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first. The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with. Although we make strong efforts to make sure my information is accurate, we cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.
A family transition or a third-party sale. Which succession path is right for you?
Every business owner will eventually face this question. And the answer is rarely as straightforward as it seems.
In this episode of Legacy: The Business Succession Podcast, host Jared Pilon of Legacy Accounting LLP explores the two succession paths available to most business owners: a family transition or a third-party sale. He’ll break down the trade-offs, emotional dynamics, and structural requirements that come with each plan.
Use this podcast to guide you to which path is right for you based on your priorities, your values, and what you want your business transition to look like.
What You'll Learn in This Episode:
- Why interest in the business does not automatically equal readiness to lead it
- How to navigate ownership fairness when multiple family members are involved
- Why third-party buyers often pay more, and why higher valuation is not always the deciding factor
- What happens to employees, culture, and community when a third-party sale closes
- How to align your succession path with what matters most: maximum value, continuity, family legacy, employee stability, or community impact
Find us at:
https://www.legacyllp.ca/
reception@legacyllp.ca
Timestamps:
00:00 Kicking it off
01:04 A successful family business transition
04:45 Third-party sale path
06:17 Real world examples
08:04 Timelines
10:13 3 Key Takeaways
10:40 Wrapping it up
FamilyBusinessSuccession #BusinessTransition #BusinessSuccession
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Disclaimer: By using this website, blog or podcast, users agree as follows: The information, services and/or products are for general information only, and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first. The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with. Although we make strong efforts to make sure my information is accurate, we cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.
The numbers are ready. The structure is in place. Your team is ready. So why can't you move forward?
In this episode of Legacy: The Business Succession Podcast, host Jared Pilon of Legacy Accounting LLP addresses the part of succession planning that rarely gets talked about: the personal side. For most business owners, the biggest barrier to a successful transition is not the tax structure or the deal mechanics. It is the challenge of stepping away from something that has defined their identity, their purpose, and their daily life for decades.
This episode explores why so many technically ready business owners delay their exit, and how to better prepare themselves for life after ownership.
What You'll Learn in This Episode:
- Why business owners who are financially ready to exit still delay
- "Who am I without this business?" is the question that stops succession planning in its tracks
- The difference between an owner who transitions gradually and one who faces a sudden stop
- Why letting go of control is a process, not a single decision
- The reframe that makes succession planning feel manageable: instead of asking when to leave, ask what it would look like to be slightly less involved next year
Download Legacy’s Business Succession Planning eBook on our website to begin evaluating your readiness and start the right conversations today.
https://www.legacyllp.ca/resources/ebooks/business-succession-planning-canada
Find us at:
https://www.legacyllp.ca/
reception@legacyllp.ca
Timestamps:
00:00 Kicking it off
01:02 Life after your exit
05:06 The most common reason exits are delayed
05:34 Letting go of control
07:45 Transition in small steps
09:14 3 Practical Takeaways
09:45 Wrapping it up
BusinessExitPlanning #ExitStrategy #BusinessSuccession
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Disclaimer: By using this website, blog or podcast, users agree as follows: The information, services and/or products are for general information only, and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first. The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with. Although we make strong efforts to make sure my information is accurate, we cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.
Most succession planning failures are not technical; they’re behavioural. And they are avoidable if you know what to look for.
In this episode of Legacy: The Business Succession Podcast, Jared Pilon of Legacy Accounting LLP walks through the five most common succession planning mistakes business owners make.
Each mistake on its own is manageable. Together, they can quietly erode business value, compress your options, and turn a well-intentioned transition into a costly, stressful event.
What You'll Learn in This Episode:
- Why waiting too long is the single most common and most damaging succession mistake
- How focusing exclusively on tax efficiency creates blind spots that affect what you actually receive
- Why avoiding difficult conversations delay conflict rather than preventing it
- How overestimating your business value derails deals
- What exit documentation actually needs to include
Download Legacy’s Business Succession Planning eBook on our website to begin evaluating your readiness and start the right conversations today.
https://www.legacyllp.ca/resources/ebooks/business-succession-planning-canada
Find us at:
https://www.legacyllp.ca/
reception@legacyllp.ca
Timestamps:
00:00 Kicking off the episode
01:09 First Mistake: Starting too late
02:39 Second Mistake: Focusing just on taxes
04:46 Third Mistake: Avoiding conversations
06:36 Fourth Mistake: Overestimating value
08:20 Fifth Mistake: No documented plan
12:05 Key takeaways
13:03 Wrapping it up
successionplanning #successionplanningmistakes #businesssuccession
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Disclaimer By using this website, blog or podcast, users agree as follows: The information, services and/or products are for general information only and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first. The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with. Although we make strong efforts to make sure my information is accurate, we cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.
When should you actually start planning your business exit?
Most business owners assume the answer is five years before retirement. In practice, that timeline is almost always too late.
In this episode of Legacy: The Business Succession Podcast, host Jared Pilon of Legacy Accounting LLP addresses one of the most common questions business owners ask when they first begin thinking about succession — when should planning actually start? The answer, backed by real-world experience, is almost always earlier than expected.
What You'll Learn in This Episode:
- Why the "five years before retirement" assumption leaves business owners underprepared
- How corporate structure and tax planning require years of advance preparation
- Why leadership development and reducing founder dependency take time, not transactions
- The one question every business owner should be asking themselves right now
If you've built something meaningful, it deserves a transition that is thoughtful, gradual, and entirely on your terms, not one forced by circumstance.
Download Legacy’s Business Succession Planning eBook on our website to begin evaluating your readiness and start the right conversations today.
https://www.legacyllp.ca/resources/ebooks/business-succession-planning-canada
Find us at:
https://www.legacyllp.ca/
reception@legacyllp.ca
Timestamps:
00:00 Kicking off the episode
00:40 When you should plan your exit
01:58 Corporate structure
02:48 Leadership development
03:58 Governance and communication
05:19 Business value
06:30 Your personal identity
08:38 3 Practical Takeaways
09:34 Wrapping it up
BusinessExitPlanning #SuccessionPlanning #BusinessValue
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Disclaimer By using this website, blog or podcast, users agree as follows: The information, services and/or products are for general information only and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first. The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with. Although we make strong efforts to make sure my information is accurate, we cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.
Most business owners use succession planning and exit planning interchangeably. That mistake can cost you everything you've built.
In this episode of Legacy: The Business Succession Podcast, we draw a clear line between two business practices that look similar on the surface but serve fundamentally different purposes. One protects your financial outcome. The other protects your business. You need both. Most owners only have one.
Find out exactly where exit planning ends and succession planning begins, and why the gap between them is where transitions go wrong.
What You'll Learn in This Episode:
- Why exit planning and succession planning answer two completely different questions
- How exit planning focuses on transaction mechanics
- Why succession planning focuses on continuity
- What happens when an exit plan is built, but the succession foundation is not
- Why reactive planning compresses your options and increases stress during negotiations
- Three practical takeaways to integrate both approaches early and retain flexibility and confidence
You've built something meaningful; it deserves more than a signed share purchase agreement. Your business deserves a transition that protects your wealth, your people, and the business itself.
Download Legacy's Business Succession Planning eBook to assess your readiness and identify the gaps in your current plan.
https://www.legacyllp.ca/resources/ebooks/business-succession-planning-canada
Find us at:
https://www.legacyllp.ca/
reception@legacyllp.ca
Timestamps:
00:00 Kicking off the episode
00:37 The difference between succession planning and exit planning
03:44 What can go wrong if you have one plan without the other
04:44 The When and How
07:40 Three Practical Takeaways
08:42 Wrapping it all up
BusinessSuccession #ExitPlanning #SuccessionPlanning
Every business owner will exit their business. The only question is whether it happens on your terms or under pressure.
In this episode of Legacy: The Business Succession Podcast, host Jared Pilon of Legacy Accounting LLP breaks down why succession planning isn’t optional, even if retirement feels far away.
You’ll learn why waiting to plan cuts your options, reduces business value, and creates unnecessary stress for your family, employees, and customers.
What We’ll Also Cover in This Episode:
- How lack of planning reduces valuation and increases risk
- Why owner dependency creates concentration risk buyers won’t pay for
- How poor succession planning can fracture teams
- The long-term value of early, gradual succession planning
- How succession planning protects wealth, relationships, and legacy
If you’ve built something meaningful, it deserves a thoughtful, intentional transition; not a rushed decision made under pressure.
Download Legacy’s Business Succession Planning eBook on our website to begin evaluating your readiness and start the right conversations today.
https://www.legacyllp.ca/resources/ebooks/business-succession-planning-canada
Find us at:
https://www.legacyllp.ca/
reception@legacyllp.ca
Timestamps:
00:00 Introducing the episode
02:10 What exactly is succession planning?
03:11 What creates value in a business
04:14 The relational impact of your exit
05:52 Succession planning timelines
08:11 Wrapping it up
BusinessSuccessionPlanning #ExitPlanning #SuccessionPlanning
Thinking about selling your business, but don't know where to start? In this episode of the Tax Talk Podcast, Jared Pilon from Legacy Accounting LLP sits down with Travis Koivula, Investment Advisor at Island Savings Wealth Management, to unpack everything you need to know about successfully exiting your business.
Learn why most business owners wait too long to plan their exit and how that mistake costs them thousands. We’ll also reveal the critical three-year minimum planning window and why "selling when you want to, not when you need to" is the key to maximizing your business value in this podcast episode.
What you’ll learn:
- Understanding market windows and why you should time your exit strategically
- Common exit strategies like family succession, management buyouts, and third-party sales
- Why doing less in your business makes it worth more
- Vendor takebacks and earnouts: When they work (and when they don't)
- Why having your documentation ready prevents buyers from walking away
- Proper funding strategies using life insurance
Find us at:
https://www.legacyllp.ca/
reception@legacyllp.ca
Need to get in touch with Travis?
Travis Koivula
Island Savings Wealth Management
tkoivula@islandsavings.ca
Timestamps:
00:00 Kicking it off
01:47 Start planning your business exit
05:51 Be prepared: Avoid deal fatigue
11:28 Family succession strategy
16:49 Third-party sales
18:13 Management buyouts
20:38 Tax implications of a business sale
27:17 Contingency plans
31:50 Vendor take-backs
35:25 Wrapping it all up
BusinessExitPlan #SuccessionPlanning #ExitStrategy
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Disclaimer: By using this website, blog or podcast, users agree as follows: The information, services and/or products are for general information only and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first. The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with. Although we make strong efforts to make sure my information is accurate, we cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.
We’ve all treated AI like a fancy search engine and gotten frustrated with the results. In this episode of Tax Talk Podcast, Jared Pilon from Legacy Accounting LLP sits down with Taylor Arancibia, founder of Unveiling Innovations, to reveal how to transform AI from a basic tool into your business's secret weapon.
Learn why treating AI like a human teammate produces exponentially better results than one-off queries. Taylor also reveals how businesses are saving 100+ hours monthly and why the less you do in your business, the more valuable AI becomes in this podcast episode.
What You'll Learn:
- The LEARNED Framework
- Prompt engineering: This is why "write me an article" fails and what to do instead
- How to implement AI across your team without overwhelming them
- Security and boundaries that protect proprietary information
- What business owners must know about digital ethics and legal considerations
- Real business applications: from social media captions to eliminating repetitive tasks
Find us at:
https://www.legacyllp.ca/
reception@legacyllp.ca
Need to get in touch with Taylor?
Taylor Arancibia
Unveiling Innovations
taylor@unveilinginnovations.com
Timestamps:
00:00 Kicking it off
01:47 AI: a Teammate or a Tool?
06:13 Implementing AI in your business
10:42 Prompting AI
15:29 Structuring AI use
26:59 Using AI to move your business forward
33:12 A tool to expand roles
40:00 The legal side of AI
42:44 Wrapping it all up
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Disclaimer: By using this website, blog or podcast, users agree as follows: The information, services and/or products are for general information only and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first. The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with. Although we make strong efforts to make sure my information is accurate, we cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.
Chasing hacks to “beat the algorithm” is a time sink. In this Tax Talk episode, Jared and Joe Whitbread cut through the noise and show you how small businesses actually win on social: by reverse-engineering their audience, showing consistent brand presence, and documenting the real work you do.
We break down why there isn’t one algorithm, how platforms read your behaviour, and why separating personal and business use matters. You’ll learn the simplest growth levers: consistency, engagement, and timing. We also cover ethics and authenticity, so you don’t tank your audience’s trust chasing trends.
What you’ll learn:
- There’s no single algorithm, and what platforms really track
- Align your content to your actual demographic
- Consistency > vira trends
- Authenticity and ethics
- Why your content should challenge and connect
- The anti-spam rule: stop cold-pitching; build relationships first
Find us at:
https://www.legacyllp.ca/
reception@legacyllp.ca
Need to get in touch with Joe?
Joe Whitbread
jsm) – Joe Social Media
whitbread@joesocialmedia.com
403-391-2553
Timestamps:
00:00 Kicking it off
00:43 Overview of the episode
01:20 What are algorithms?
06:00 The impact of algorithms on your business
17:11 Consistency, engagement & timing
25:02 Tool & tips for creating content
37:49 Wrapping it all up
SocialMediaStrategy #SmallBusinessMarketing #Algorithm
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Disclaimer: By using this website, blog or podcast, users agree as follows: The information, services and/or products are for general information only and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first. The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with. Although we make strong efforts to make sure my information is accurate, we cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.
If you’re selling a U.S. vacation home or rental as a Canadian, don’t let FIRPTA withholding, state taxes, and cross-border filings trap your cash for years.
In this Tax Talk episode, Jared talks with cross-border tax pro Steven Flynn about how Canadians can sell U.S. real estate the right way. That means minimizing withholding, avoiding double taxation, speeding up refunds, and sidestepping CRA headaches. From ITINs and state returns to foreign tax credits and forex gains, this is your practical roadmap to a clean exit.
What you’ll learn:
- FIRPTA explained: why buyers withhold up to 15% at closing and how/when it can be reduced
- How to calculate actual tax on the gain (not gross proceeds) on state and federal taxes
- Filing strategies that cut refund timelines from years to weeks
- ITIN essentials: why you need one, when to apply, and document pitfalls that cause delays
- How foreign tax credits work—and what proof CRA wants
- Filing order and calendars that help you avoid audit jams
- What to do if you haven’t reported prior U.S./Canadian rental income
Find us at:
https://www.legacyllp.ca/
reception@legacyllp.ca
Need to get in touch with Steven?
Steven Flynn
Andersen LLP
steven.flynn@ca.andersen.com
Timestamps
00:00 Kicking it off
01:32 Overview of the Foreign Investment and Real Property Tax Act (FIRPTA)
05:42 Other tax obligations as a Canadian owning an American property
11:56 Tax credit application processes & timelines
18:32 Common mistakes
21:41 What to look out for when buying a property in the US
23:48 Bonus tips
27:31 Wrapping it all up
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Disclaimer: By using this website, blog or podcast, users agree as follows: The information, services and/or products are for general information only and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first. The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with. Although we make strong efforts to make sure my information is accurate, we cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.
The Canadian dollar keeps sliding, and it’s hitting your long-term purchasing power. So how do you protect your savings when cash is quietly losing value? How to combat inflation
In this episode of Tax Talk, Jared sits down with investor and educator, Luke Spicer, to unpack why the CAD is weakening, how inflation really works, and whether gold and silver can serve as a practical hedge. We get into the silver-to-gold ratio, industrial demand for silver (EVs, solar, national defence), practical buying tips, storage options, and even how some Canadians hold physical metals inside registered accounts (RRSP, TFSA, RRIFs) through a trust company and compliant vaults.
What you’ll learn:
- Why the Canadian dollar is struggling and how “invisible taxes” like inflation erode savings
- Currency vs. money: why gold and silver have held purchasing power across history
- How premiums, spot vs. market price, and buybacks actually work when purchasing metals
- Storage choices, including at-home vs. insured vaults in Canada/offshore
- Liquidity, volatility, implementation, and separating signal from hype
- Why idle cash in bank accounts can be a drag and how to think in “purchasing power” terms
Find us at:
https://www.legacyllp.ca/
reception@legacyllp.ca
Need to get in touch with Luke?
Find Luke Spicer on LinkedIn.
InvestmentStrategies #HowToCombatInflation #InvestInGold
00:00 Kicking it off
00:47 Overview of the episode
01:23 The Canadian Dollar keeps diving
06:13 Investing in silver and gold is still out of the norm
09:53 Silver and gold investment performance
16:25 A physical investment for security
23:16 Versus investing in RRSPs, RRIFs, LIFs, Etc.
29:56 Inflation education
42:22 Wrapping it up
40:49 Wrapping it all up
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Disclaimer: By using this website, blog or podcast, users agree as follows: The information, services and/or products are for general information only and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first. The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with. Although we make strong efforts to make sure my information is accurate, we cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.
Canadian homeowners: what if your mortgage could help you build wealth, reduce taxes, and help you pay off your mortgage sooner—without increasing your monthly payments?
In this episode of the Tax Talk Podcast, I sit down with Nick Cox at The Smith Manoeuvre to break down how Canadians can convert non-deductible mortgage interest into tax-deductible investment interest using a re-advanceable HELOC. You’ll learn the “Plain Jane” foundation, the five accelerators, who this strategy fits best, real risks to watch for, and how to implement it properly with professional guidance.
What you’ll learn:
- What the Smith Manoeuvre is
- The “Plain Jane-core” process with a re-advanceable HELOC
- The five accelerators (Debt Swap, Cash Flow Diversion, Cash Flow Dam, DRIP, Prime the Pump)
- Why non-registered, income-producing investments are essential
- How tax-deductible interest, refunds, and compounding can accelerate wealth
- The mortgage freedom date and the psychology of good vs. bad debt
- Key risks: implementation, market, and liquidity, and how to mitigate them
- A powerful tip for rental property owners: the Cash Flow Dam
Do you have questions about what was discussed in this episode, or maybe you have another question about accounting or tax planning? Leave them in the comments—I’ll send you a response, or we can tackle them in future episodes. Subscribe for more Canadian tax and wealth strategies:
Find us at:
https://www.legacyllp.ca/
reception@legacyllp.ca
Need to get in touch with Nick?
Nick Cox
The Smith Manoeuvre
nick@smithman.ca
buildingwealth #mortgagepayments #taxplanning
Timestamps
00:00 Kicking it off
00:45 Overview of the episode
01:18 What is the Smith Manoeuvre?
02:40 First step in the Smith Manoeuvre: the Plain Jane
10:24 You don't need that additional cash output
15:42 Concerns around holding HELOC debt
21:16 A long term strategy
22:46 The 5 Accelerators
27:36 Who would be the best fit to take on the Smith Manoeuvre?
36:28 Know the risks of this mortgage payment process
39:24 Top benefits of the Smith Manoeuvre
40:49 Wrapping it all up
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Disclaimer: By using this website, blog or podcast, users agree as follows: The information, services and/or products are for general information only and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first. The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with. Although we make strong efforts to make sure my information is accurate, we cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.
Confused by RSPs, TFSAs, and other investment opportunities but still want to grow your legacy of wealth? Join us as we break down Canada's key investment accounts and reveal tax-saving strategies that could save you thousands.
What You'll Discover:
- RSP withdrawal timing
- TFSA optimization for tax-free growth and inheritance planning
- New FHSA secrets for first-time homebuyers
- Investment types explained: stocks, bonds, ETFs, and alternatives
- Corporate vs. personal investment tax strategies
- House flipping rules and capital gains implications
You’ll also learn why timing your RSP withdrawals between retirement and age 70 is crucial, how to maximize TFSA benefits for your estate, and the investment strategies that work best for your situation.
This podcast episode is ideal for Canadian investors, business owners, and individuals serious about building wealth while minimizing their tax burden.
Subscribe for expert insights from Legacy Accounting LLP and visit legacyllp.ca for personalized financial guidance.
Find us at:
https://www.legacyllp.ca/
reception@legacyllp.ca
Need to get in touch with Stephen?
Stephen van Santen
Bridgeline Wealth
svansanten@bridgelinewealth.ca
403-986-1437
investing #smallbusinessfinance #accounting
00:00 Kicking it off
00:44 Overview of the episode
01:51 Registered Retirement Savings Plans (RRSP)
06:17 Tax Free Savings Accounts (TFSA)
10:14 Non-Registered Accounts
13:38 Registered Education Savings Plans (RESP)
17:05 Registered Disability Savings Plans (RDSP)
18:28 First Time Homebuyers Savings Account (FHSA)
21:54 Investment Types: Stocks, Mutual Funds, ETFs, Bonds, GICs, and Real Estate
29:45 Best investment types for corporations
31:29 Best investment types for personal use
32:16 Extra tax-smart investment tips
35:00 Wrapping it all up
________________________________________
Disclaimer: By using this website, blog or podcast, users agree as follows: The information, services and/or products are for general information only and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first. The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with. Although we make strong efforts to make sure my information is accurate, we cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.
Corporate life insurance represents one of the most powerful yet misunderstood financial tools available to you as a business owner. While you may recognize its potential benefits, the complexity surrounding these policies often leads to poor decisions that can impact your business operations and estate planning.
On this episode of the Tax Talk Podcast, we’re cutting through the complexity to deliver practical, actionable insights for business owners considering corporate life insurance as part of their tax and estate planning strategy. Whether you're funding buy-sell agreements, planning wealth transfer, or seeking tax-efficient investment vehicles, this conversation provides the clarity you need to make informed decisions.
Perfect for business owners, entrepreneurs, and anyone interested in advanced tax planning strategies.
Essential Pre-Purchase Strategy:
- Why involving your accountant is critical before purchasing
- Three fundamental questions every business owner must answer
- When term insurance might be the better solution
Six Key Benefits:
- Using after-tax corporate dollars for maximum efficiency
- Preserving your small business deduction
- Tax-sheltered growth and flexible borrowing options
- Creating Capital Dividend Account (CDA) for tax-free wealth transfer
- Building valuable collateral for business financing
- Premium flexibility for changing business needs
Implementation Insights:
- Required vs. optional premium structures
- Leveraging policy cash value for business opportunities
- Annual policy reviews and performance monitoring
- Choosing the right advisor and insurance carrier
Find us at:
Legacy Accounting LLP
https://www.legacyllp.ca/
reception@legacyllp.ca
Rylan Olsen
Swell Private Wealth Ltd.
rylan@swellwealth.com
403-487-0490
00:00 Kicking it off
00:52 Overview of the episode
02:02 What business owners should consider before purchasing a life insurance policy
06:14 Three questions to drive your decision
11:54 The benefits of owning a life insurance policy within your corporation
23:52 Who you buy your life insurance from matters
26:58 Capital Dividend Accounts (CDA)
30:06 "It's like buying a truck"
40:00 Wrapping it all up
________________________________________
Disclaimer: By using this website, blog or podcast, users agree as follows: The information, services and/or products are for general information only and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first. The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with. Although we make strong efforts to make sure my information is accurate, we cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.
On this episode of the Tax Talk Podcast, we are joined by Garth Epp, the co-owner of Your Limits Lifted and an expert on business coaching, mentorship and the provision of online, web-based tools. We are exploring the Working Geniuses model. Your team members can fit into the six Working Geniuses: Wonder, Invention, Discernment, Galvanizing, Enablement and Tenacity. We’ll look at how you can get the most out of your employees, and how to get them into the right seats in your business. Ensure that each member of your team is reaping the most out of the business opportunities, but also for you, as the owner, to see the business grow and everyone is fulfilled to the best of their abilities.
Garth Epp
Your Limits Lifted
Garth@garthepp.com
403-318-9841
00:00 Intro
00:50 Overview of the episode
02:36 The 6 types of Working Geniuses
13:20 How the Working Genius sequence works in your business
19:39 The best roles for each Working Genius
25:32 The assessment process
31:47 How to team up your Working Geniuses
38:26 How valuable is the Working Genius model for your business?
45:40 Wrapping it all up
________________________________________
Disclaimer: By using this website, blog or podcast, users agree as follows: The information, services and/or products are for general information only and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first. The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with. Although we make strong efforts to make sure my information is accurate, we cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.
We’re joined by Joe Whitbread of Jo(e) Social Media to discuss how you can find the hidden opportunities in your side hustle. With inflation creeping up, its becoming more appealing to bankroll a cashflow. In this Tax Talk Podcast, we’re sharing unique ways to broaden your side hustle and see more cash in your pocket.
Joe Whitbread
jsm) – Joe Social Media
whitbread@joesocialmedia.com
403-391-2553
00:00 Intro
00:49 Overview of episode
01:52 What is holding you back from growing your business?
05:56 A good social media presence can drive your opportunity
11:22 Brand Awareness vs Customer Engagement vs Customer Retention
16:21 Marketing tools for your side hustle
23:10 How many Canadians have a side hustle?
33:45 Starting a side hustle: the most important part of social media
38:14 Wrapping it all up
________________________________________
Disclaimer: By using this website, blog or podcast, users agree as follows: The information, services and/or products are for general information only, and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first. The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with. Although we make strong efforts to make sure my information is accurate, we cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.
In this episode of the Tax Talk Podcast, we are chatting with David Prowse about the emotional side of exiting your business. You will speak with your account and lawyer about the tax and legal side of the sale, but do you consider the emotional aspects that come with selling your business? Do you have a plan in place that will ensure that you are happy and fulfilled when you move on from that project? We are going to look at why you need to consider the emotional side of exit planning and create a plan for your life after the sale.
David Prowse
M&A Evolution
david.prowse@m-a-evolution.ca
905-337-8341
00:00 Kicking it off
00:52 Overview of episode
02:01 The emotional side of exit planning
05:40 Why you need to consider the emotional side
09:13 Sellers remorse
12:56 Your life after the sale
17:32 A transition period
22:04 The Pessimist vs the Know-It-All
27:03 Final thoughts on exit planning
29:30 Wrapping it all up
________________________________________
Disclaimer: By using this website, blog or podcast, users agree as follows: The information, services and/or products are for general information only and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first. The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with. Although we make strong efforts to make sure my information is accurate, we cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.
In this episode of the Tax Talk Podcast, we are looking at how you can build your financial legacy through smart real estate investments. Real estate investment offers numerous opportunities for you to accumulate wealth and gain financial independence. With careful financial planning and the assistance of a professional accountant, you can get the most out of your investment.
We are joined by Bryce Kander from Realty Executive Alberta Elite. We'll be providing some effective strategies for both aspiring and seasoned investors. From buying your first home and converting it into a rental property to unlocking capital through a Home Equity Line of Credit, there are many investment strategies for you to learn.
Bryce Kander
Realty Executives Alberta Elite
brycekander@gmail.com
403-896-7331
00:00 Kicking it off
00:48 Overview of episode
01:55 Investment vehicles for a first home purchase
05:41 Property flipping rules
08:18 Vendor Take Back Mortgages
11:57 Rent-to-Own
18:20 Joint Ventures
22:17 Private Lenders
26:00 HELOC Financing
26:56 The BRRRR Method: Buy, Rehab, Rent, Refinance, Repeat
33:35 Wrapping it all up
________________________________________
Disclaimer By using this website, blog or podcast, users agree as follows: The information, services and/or products are for general information only and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first. The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with. Although we make strong efforts to make sure my information is accurate, we cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.
Effective marketing is crucial to business success, yet many small business owners struggle with it. Marketing, like financial planning, requires expertise and a structured approach. In this episode of the Tax Talk Podcast, we are shedding some light on this topic.
We are joined by Peter DeWit from EDGE Marketing & Design. We'll be exploring the most necessary marketing aspects for small business owners to understand and what you need to do to push forward with the next piece of your marketing puzzle.
Peter DeWit
EDGE Marketing & Design
peter@edgemarketing.ca
403-789-3343
________________________________________
00:00 Intro
00:52 Overview of episode
02:04 Focus on what you got into business to do
07:12 The biggest challenges small businesses face with their marketing
15:10 Put strategy first
24:00 Areas of your business impacted by your marketing plan
31:58 Your most important marketing tool
37:31 When you should reach out to a marketing agency
40:56 Wrapping it all up
________________________________________
Disclaimer By using this website, blog or podcast, users agree as follows: The information, services and/or products are for general information only and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first. The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with. Although we make strong efforts to make sure my information is accurate, we cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.
You’ve spent years growing your company and building financial security. But are you maximizing your retirement savings? If you're over 40, an Individual Pension Plan (IPP) could be a smart strategy to help you secure your financial legacy while reducing your business taxes.
In this episode, we are joined by Kit Richmond from MacDougall Wealth Management Group. We’ll break down what an IPP is, how it compares to an RRSP, and whether it’s the right choice for you.
Kit Richmond
MacDougall Wealth Management Group
National Bank Financial
403-754-1056
christopher.richmond@nbc.ca
00:00 Intro
00:47 Overview of episode
01:48 What is an IPP?
02:25 Setting up an IPP
05:22 The ideal IPP candidate
17:29 Funding an IPP
25:06 Investment limitations
31:26 After retirement
42:22 Wrapping it all up
Disclaimer
By using this website, blog or podcast, users agree as follows:
The information, services and/or products are for general information only and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first.
The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with.
Although we make strong efforts to make sure my information is accurate, we cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.
When managing a corporate real estate portfolio, the decision to move your rental properties into a corporation can have a significant financial impact on your rental operation. Understanding both the benefits and drawbacks of this process will enable you to make informed decisions suited to your circumstances and goals. Let’s look at the key insights and considerations of incorporating your real estate portfolio as you navigate this complex topic.
00:00 Intro
00:47 Overview of episode
02:20 Why move a property into a corporation
04:20 How to move the property
05:46 Roll Over Prevision
07:30 Land Transfer Tax
09:18 GST Implications
10:49 How corporate taxes will work
15:15 Classified as an active business
19:48 Wrapping it all up
Disclaimer
By using this website, blog or podcast, users agree as follows:
The information, services and/or products are for general information only and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first.
The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with.
Although we make strong efforts to make sure my information is accurate, we cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.
As 2024 draws to a close, proactive tax planning is essential for individuals and businesses to optimize their financial outcomes ahead of the 2025 tax season. This year’s economic landscape, marked by fluctuating interest rates and persistent inflation, has underscored the importance of creating financial and tax strategies. By addressing tax considerations now, you can effectively manage tax obligations, access available deductions, and strategically position your finances for the year ahead.
Topics Discussed:
- Know the critical tax deadlines to stay prepared
- Effectively aligning your taxes with your investment strategy
- Have there been any changes to your family or business structure in 2024?
- Retirement and estate planning and your taxes
- Maximizing your charitable donations
- Utilizing the First Home Saving Account
Disclaimer
By using this website, blog or podcast, users agree as follows:
The information, services and/or products are for general information only and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first.
The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with.
Although we make strong efforts to make sure my information is accurate, we cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.
Ensure your business continues on successfully and put a plan in place to preserve your legacy with estate planning.
Topics Discussed:
- Determining who will take over your business
- Your timeline for transferring your business
- Set the purchase price for your business
- Determining the division of your assets upon your passing
- Are there charities you would like to include, and is tax mitigation important for your estate?
Disclaimer
By using this website, blog or podcast, users agree as follows:
The information, services and/or products are for general information only and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first.
The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with.
Although we make strong efforts to make sure my information is accurate, we cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.
After you've utilized your business as a vehicle to generate wealth, it's time to plan for a pension. What does this mean for your business? You need to take into consideration several factors when you are planning for a pension and the different options that are available to you.
Let's discuss pension planning for business owners who have generated wealth through your business.
Topics discussed in this episode:
- After accumulating wealth through a business, plan for how that wealth will fund retirement.
- There are many variables, like life expectancy and future financial needs, that can complicate pension planning.
- Consider pensions outside of your business, and how to strategically draw from these funds.
- Avoid tax penalties and maximize retirement income.
- Have a clear exit strategy and determine your retirement timeline.
- Plan for the retirement you want.
Disclaimer
By using this website, blog or podcast, users agree as follows:
The information, services and/or products are for general information only and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first.
The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with.
Although we make strong efforts to make sure my information is accurate, we cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.
Turning business revenues into income that you can invest, leading to long-term wealth should be the goal of every business owner.
If you're ready to take your business to the next level, you need to stop working as an employee within your business and start focusing on being an investor instead.
Topics discussed on this episode:
- Is there a need to incorporate your business?
- Are you positioned to maintain QSBC status?
- Do you have plans to grow your business?
- What are the financial requirements to execute your plan?
- How should excess profits be invested?
- Is a real estate portfolio right for you?
Disclaimer
By using this website, blog or podcast, users agree as follows:
The information, services and/or products are for general information only and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first.
The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with.
Although we make strong efforts to make sure my information is accurate, we cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.
You've heard these quotes before: 'cash is king', 'the number one reason that businesses fail is due to cash flow issues'.
The first aspect of the 'Planning Process' looks at the fundamentals of your business and helps you ensure that you are building a strong foundation to work from and ultimately generate wealth.
Disclaimer
By using this website, blog or podcast, users agree as follows:
The information, services and/or products are for general information only and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first.
The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with.
Although we make strong efforts to make sure my information is accurate, we cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.
According to Investment Executive, individuals in 8 of 10 provinces face top tax rates exceeding 50% in 2024. In Alberta, income in excess of $355,000 in 2024 will expose you to the top rate of 48%.
This podcast will look at the benefits of donation over taxation and how you can use donations to reduce your tax burden, support an organization that you value and take back some of the control that the government continues to steal with respect to your finances.
donations #tax #charity #taxplanning #cpa #buildyourlegacy
Disclaimer
By using this website, blog or podcast, users agree as follows:
The information, services and/or products are for general information only and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first.
The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with.
Although we make strong efforts to make sure my information is accurate, we cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.
The opportunity to create additional income by renting your property or basement suite through Airbnb or similar platforms has become increasingly popular in recent years.
If you are generating income through Airbnb, it is important to understand your tax & GST/HST considerations, reporting requirements and the expenses that can be applied against this income.
This episode of the podcast will touch on these and more and help you get on the right track with respect to short-term rental income.
Stay to tune until the end of the episode to hear from local Central Alberta realtor, Bryce Kander, as he provides his Airbnb outlook and his tips to maximize the return on your Airbnb investment!
legacy #airbnb #investmentproperty #rental #income #tax
Disclaimer
By using this website, blog or podcast, users agree as follows:
The information, services and/or products are for general information only and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first.
The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with.
Although we make strong efforts to make sure my information is accurate, we cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.
On this episode, Jared looks at the Liberal government's proposed hike in the capital gains inclusion rate.
- What does this mean for you personally?
- What about your business?
- Should you take action before June 24/24?
- Steps you should take in response to the budget announcement.
legacytax #legacy #tax #cpa #accountant #familybusiness #reddeer #didsbury #trochu #alberta #buildyourlegacy
Disclaimer
By using this website, blog or podcast, users agree as follows:
The information, services and/or products are for general information only and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first.
The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with.
Although we make strong efforts to make sure my information is accurate, we cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.
On this episode, Jared highlights some of the biggest items impacting your 2023 personal tax return.
If you haven't filed your return yet (or you want some advice for 2024), you won't want to miss this episode.
Discussion topics:
- Working from home
- Real estate cautions
- Real estate possibilities
- Increased interest rates
- Underused Housing Tax
- Bare trust reporting
legacytax #legacy #tax #cpa #accountant #familybusiness #reddeer #didsbury #trochu #alberta #buildyourlegacy
Disclaimer
By using this website, blog or podcast, users agree as follows:
The information, services a
According to recent statistics, 22 million Canadians have some kind of life insurance policy in place.
Are you one of them?
On episode #37 of the Tax Talk Podcast, Jared sits down with Colleen Gillam-Judd with IG Wealth Management to discuss the importance of having the proper insurance policy in place to protect your business and most notably, your financial legacy.
Some of the topics discussed are as follows:
- What is the difference between term and whole/universal life insurance?
- How is life insurance used to create estate liquidity?
- How is life insurance used to support business succession planning?
- Are insurance policies a good tool for wealth accumulation?
- Are life insurance policies a good vehicle to provide creditor protection?
- Should business owners consider disability buy-outs and critical illness insurance options as well?
podcast #TaxTalkPodcast #SmallBusiness #tfsa #rrsp #nonregistered #investments #retirement #taxplanning #farming #goals #finances #tax #accounting #reddeer #alberta #LegacyTax #trochu #didsbury #cpa #insurance
Disclaimer
By using this website, blog or podcast, users agree as follows:
The information, services and/or products are for general information only and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first.
The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with.
Although we make strong efforts to make sure my information is accurate, we cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.
Disclaimer: This is a general source of information only. It is not intended to provide personalized tax, legal or investment advice, and is not intended as a solicitation to purchase securities. Colleen Gillam-Judd is solely responsible for its content. For more information on this topic or any other financial matter, please contact an IG Wealth Management Consultant.
According to recent statistics, nearly 70% of business owners do not have a succession plan in place.
Additionally, over $2 trillion in business assets could change hands over the next decade in Canada.
On episode #36 of the Tax Talk Podcast, Jared sits down with Stephen van Santen of Bridgeline Wealth Strategies to discuss the importance of having a succession plan in place.
Some of the topics discussed are as follows:
- when should succession planning be discussed
- what critical documents are needed to move the discussion along
- do you know the value of your farm/business
- what is the right legal structure for transferring the farm/business
- how will control of the farm/business change
- what are the income expectations of the retiring owners
- how will these retirement needs be met
tax #estate #retirement #successionplanning #cpa #reddeer #alberta #canada #didsbury #trochu #farming #business #assets #investments
Disclaimer
By using this website, blog or podcast, users agree as follows:
The information, services and/or products are for general information only and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first.
The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with.
Although we make strong efforts to make sure my information is accurate, we cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.
** Please note that some tax legislation has been updated since the recording of this podcast. Please consult with Legacy Tax to ensure your succession plan is onside with these rule changes that came into effective Jan 1/24.
For additional info, see this link: https://www.legacytax.ca/resources/news/intergenerational-business-transfers
Regardless of your age, how long your business has been operating or any other factor you can think of, you are in the PLANNING PROCESS journey. Everyone is at a different stage and has different goals.
With that in mind, why not put a plan in place that helps you capitalize in the following four areas:
- Business
- Wealth
- Pension
- Estate
Engaging in the PLANNING PROCESS can provide a wide range of benefits to you and your family.
It takes a holistic look at your personal situation and looks for ways to maximize your business, wealth, pension, and estate.
No matter what stage of the process you currently find yourself in, there is never a better time to start planning for your future and your legacy than right now!
planning #tax #cpa #accountant #business #wealth #pension #estate #legacytax #reddeer #didsbury #trochu #alberta
Disclaimer
By using this website, blog or podcast, users agree as follows:
The information, services and/or products are for general information only and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first.
The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with.
Although we make strong efforts to make sure my information is accurate, we cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.
As another year ends, it is important to review your finances and see if there are ways to improve your tax position heading into the new year. This year has been marked with significant volatility and rising interest rates & inflation should be top of mind in your tax and financial planning.
Top issues to consider heading into 2024
- Tax deadlines
- Investment goals
- Family situation
- Retirement & estate planning
- Other planning considerations
Your personal tax return might only filed once per year but steps to reduce your tax liability and improve your overall financial situation should be taken throughout the year. The above tips, in conjunction with discussions with Legacy Tax & Accounting LLP, can help you improve your tax position heading into 2024.
taxtips #tax #taxtalkpodcast #legacytax #cpa #RRSP #investments #2023
Disclaimer
By using this website, blog or podcast, users agree as follows:
The information, services and/or products are for general information only and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first.
The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with.
Although we make strong efforts to make sure my information is accurate, we cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.
If you consistently make large donations each tax year and receive income via tax efficient sources (capital gains, employee stock options, etc.) or claim certain deductions (interest expense, certain employment expenses, etc.) you might be in for a unpleasant tax surprise in 2024 and subsequent years.
On this episode, Jared explains how the Alternative Minimum Tax regime currently works, the expected changes for 2024 and ways you can plan to avoid unwanted tax outcomes when making large donations.
After all, you want your donated funds to go to your favourite charity, not the government.
amt #tax #donations #taxcredit #LegacyTax #reddeer #alberta #canada #trochu #didsbury #cpa #accountant #capitalgain #stockoption #stocks #charity
WEBSITE:
https://www.legacytax.ca/
FACEBOOK:
https://www.facebook.com/legacytaxllp
INSTAGRAM:
https://www.instagram.com/legacytaxllp/
LINKEDIN:
https://www.linkedin.com/company/legacytax
Disclaimer
By using this website, blog or podcast, users agree as follows:
The information, services and/or products are for general information only and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first.
The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with.
Although we make strong efforts to make sure my information is accurate, we cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.
On this episode, Jared chats with Garth Epp.
Garth is a growth-minded, strategic thinker, who never settles in the success of yesterday but always builds into the future.
Life flows though Garth, to inspire and empower people who desire to move past their limiting beliefs to realize their true potential.
Some of the topics discussed in the episode:
🎙️ Motivation. Why it’s so important for business owners?
🎙️ Everyone knows ‘what’ they do, but few businesses know and communicate “why” they do it.
🎙️ Reverse engineering your goals. (how does this tie into business/family legacy?)
🎙️ Why your 'why' matters. Why does a business owner need to grasp this concept?
🎙️ Your vision is a detailed description of you fully achieving your purpose in the present tense.
If listeners want to touch base with Garth, you can find him through the following links:
Garth Epp
Your Limits Lifted
Garth Epp Professional Coach
403-318-9841
Garth@garthepp.com
https://garthepp.com
https://www.yourlimitslifted.com/
podcast #TaxTalkPodcast #SmallBusiness #reddeer #alberta #mindset #method #motivation #cpa #trochu #didsbury #LegacyTax
Music: English Breakfast, Jobii from Epidemic Sound
https://www.epidemicsound.com/track/7emX18vZqh/
Disclaimer
By using this website, blog or podcast, users agree as follows:
The information, services and/or products are for general information only and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first.
The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with.
Although we make strong efforts to make sure my information is accurate, we cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.
On Oct 18th I had the honour of co-presenting at an estate planning seminar at the Innisfail Golf Club.
If you missed the event or want to review some of the information that was discussed, you are in luck as this episode of the podcast is live from the seminar!
Myself, Stephen van Santen and Caleb Henry chatted about the 6 most significant estate planning pitfalls and steps that you can take to avoid them.
A strong LEGACY plan will protect your family from....
1. Broken relationships
2. Dangers of not having a will
A strong ESTATE plan will protect your from....
3. The wrong personal representative
4. Missed investment opportunities
A strong TAX plan will protect your family from....
5. Unplanned tax liabilities
6. Missed planning opportunties
podcast #TaxTalkPodcast #SmallBusiness #reddeer #alberta #insurance #investments #cpa #accounting #tax #lifeinsurance #estateplanning #family #will #POA #personalrep #taxplanning #tax #LegacyTax
Music: English Breakfast, Jobii from Epidemic Sound
https://www.epidemicsound.com/track/7emX18vZqh/
Disclaimer
By using this website, blog or podcast, users agree as follows:
The information, services and/or products are for general information only and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first.
The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with.
Although we make strong efforts to make sure my information is accurate, we cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.
On this episode, Jared chats with Melanie Mitchell-Epp.
Melanie asked to join the podcast in an effort to promote an estate planning seminar that Jared is co-hosting on Oct 18th at the Innisfail Golf Club at 7pm. She felt it was important to share her personal story with respect to a couple of estates she has recently been involved with to help listeners better prepare for when they experience a similar situation in their lives.
Some of the topics discussed in the episode:
🎙️ Melanie’s experience with her grandma and father’s estates over the past couple of years.
🎙️ Family relationships – how these can be strained after a loved one passes away.
🎙️ Importance of a will – how a will streamlines the estate process exponentially.
🎙️ Personal representative (PR) & POA – how selecting the right individual for these positions is crucial.
🎙️ Investment opportunities – how a proper estate plan enables your PR to capitalize on opportunities.
🎙️ Tax liabilities – how an understanding of your final tax bill will benefit your beneficiaries.
🎙️ Tax planning – how tax mitigation needs be completed well in advance of your passing.
If listeners want to touch base with Melanie, you can find her through the following links:
Melanie Mitchell-Epp
Your Limits Lifted
587-801-2255
melanie@yourlimitslifted.com
https://www.yourlimitslifted.com/
podcast #TaxTalkPodcast #SmallBusiness #reddeer #alberta #insurance #investments #taxplanning #cpa #accounting #tax #lifeinsurance #estateplanning #family #will #POA #personalrep #taxplanning #tax
Music: English Breakfast, Jobii from Epidemic Sound
https://www.epidemicsound.com/track/7emX18vZqh/
Disclaimer
By using this website, blog or podcast, users agree as follows:
The information, services and/or products are for general information only and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first.
The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with.
Although we make strong efforts to make sure my information is accurate, we cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.
On this episode, Jared chats with Dan Anders.
Dan is a Certified Financial Planner and a Trust and Estate Practitioner through STEP Canada.
After tragically losing his father in a fatal car accident at the age of 10, it is notable that Dan decided upon a career in the insurance and estate planning industry at the age of 25. He saw first-hand the struggles that inadequate planning can cause the family left behind.
Dan now goes above and beyond to tailor insurance solutions that match your unique needs and goals. He believes in the power of personalized service and building lasting relationships based on trust and exceeding your expectations.
Some of the topics discussed in the episode:
🎙️ How does mortgage insurance work in Canada, and what are the eligibility criteria?
🎙️ How is the cost of mortgage insurance in Canada calculated?
🎙️ Can mortgage insurance be transferred or ported to a new property?
🎙️ Why is it so important that my insurance policy be tailored to me & my family?
🎙️ Who should own the life insurance policy on your home?
If listeners want to touch base with Dan, you can find him through the following links:
Dan Anders
The Real Mortgage Insurance Genius
604-318-9161
dan@dananders.ca
http://www.therealmortgageinsurancegenius.ca/
podcast #TaxTalkPodcast #SmallBusiness #reddeer #alberta #mortgage #insurance #investments #taxplanning #loans #cpa #accounting #tax #lifeinsurance #property #realestate #home
Music: English Breakfast, Jobii from Epidemic Sound
https://www.epidemicsound.com/track/7emX18vZqh/
Disclaimer
By using this website, blog or podcast, users agree as follows:
The information, services and/or products are for general information only and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first.
The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with.
Although we make strong efforts to make sure my information is accurate, we cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.
On this episode, Jared chats with Justin Lamb.
Justin is a Chartered Professional Accountant, Chartered Business Valuator and a founding partner with Jones & Lamb LLP.
Since 2014, Justin has been working in the field of financial litigation support and business valuation. In early 2022, Justin and his business partner, Mark Jones, started Jones & Lamb LLP in Edmonton, AB.
Jones & Lamb LLP was founded with the vision of creating value through innovation. They strive to provide value by blending subject matter expertise with their data science and programmatic toolkits, creativity and by striving to make the complex appear simple.
Some of the topics discussed in the episode:
🎙️ How can I adjust my business so it is run in a way that is consistent with how an arm’s length party would run it?
🎙️ What’s the difference between redundant and operational assets?
🎙️ Am I overvaluing my operation?
🎙️ How do I make the appropriate adjustments in valuing my operation?
🎙️ Are there additional costs that a potential buyer could expect in the future that aren’t reflected in my financial statements?
🎙️ What do my financial statements show about the value of my business?
🎙️ Do you have any tips for small business owners who are thinking about selling their business?
If the listeners want to touch base with Justin, you can find him through the following links:
Justin Lamb
Jones & Lamb LLP
780-554-4323
justin@joneslamb.ca
https://www.joneslamb.ca/
podcast #TaxTalkPodcast #SmallBusiness #reddeer #alberta #valuation #litigation #financials #cbv #cpa
Music: English Breakfast, Jobii from Epidemic Sound
https://www.epidemicsound.com/track/7emX18vZqh/
Disclaimer
By using this website, blog or podcast, users agree as follows:
The information, services and/or products are for general information only and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first.
The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with.
Although we make strong efforts to make sure my information is accurate, we cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.
On this episode, Jared chats with Stephen van Santen.
Stephen van Santen has been a wealth advisor with Bridgeline Wealth since 2020. He focuses his time working with families, private corporations, estates and family farms.
He is always learning and educating himself to better serve his clientele and particularly likes helping people navigate the complexities of estate matters and planning for the next generation.
Some of the topics discussed in the episode:
🎙️ What does a Will enable you to do?
🎙️ What happens if you die without a Will?
🎙️ What is a Will?
🎙️ Can I use a D-I-Y Will kit or should I consult a lawyer to draft my Will?
🎙️ When should my Will be updated?
🎙️ What is a Power of Attorney?
🎙️ What is probate?
🎙️ Ways to avoid probate.
If listeners want to touch base with Stephen you can find him through the following links:
Stephen van Santen
Bridgeline Wealth
403-506-0905
svansanten@bridgelinewealth.ca
https://bridgelinewealth.ca/
podcast #TaxTalkPodcast #SmallBusiness #reddeer #alberta #investments #retirement #insurance #segregatedfunds #wills #presonalrepresentative #trustee #successionplanning #family
Music: English Breakfast, Jobii from Epidemic Sound
https://www.epidemicsound.com/track/7emX18vZqh/
Disclaimer
By using this website, blog or podcast, users agree as follows:
The information, services and/or products are for general information only and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first.
The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with.
Although we make strong efforts to make sure my information is accurate, we cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.
On this episode, Jared chats with Colleen Gillam-Judd.
Colleen is a Certified Financial Planner with IG Wealth Management.
For over 15 years, Colleen and her team have been creating a space for high achieving Canadian families to find financial freedom, security and clarity.
Colleen prides herself on clearly presenting financial options in accordance with client goals, while always working to preserve the financial legacy of her clients.
Some of the topics discussed in the episode:
🎙️ How can business owners ensure their personal financial goals align with business growth goals?
🎙️ How can a business owner effectively balance reinvesting profits in their business versus personal financial goals?
🎙️ What are some common mistakes business owners make when it comes to integrating their finances?
🎙️ How can a business owner ensure they have enough personal savings and retirement planning in place while building and growing their business?
If the listeners want to touch base with Colleen, you can find her through the following links:
Colleen Gillam-Judd
IG Wealth Management
403-505-3800
Colleen.gillam-judd@ig.ca
https://advisor.investorsgroup.com/en/colleen_gillam-judd
podcast #TaxTalkPodcast #SmallBusiness #tfsa #rrsp #nonregistered #investments #retirement #taxplanning #casestudy #farming #goals #finances #tax #accounting #reddeer #alberta
Listen to the full episode 👇
🎙️ https://open.spotify.com/show/2nLsTBwAoKCrc46LD9NRLD
Watch the full episode 👇
🎥 https://www.youtube.com/@legacytaxllp
Check out all our resources 👇
🌐 https://www.legacytax.ca/resources
Music: English Breakfast, Jobii from Epidemic Sound
https://www.epidemicsound.com/track/7emX18vZqh/
Disclaimer
By using this website, blog or podcast, users agree as follows:
The information, services and/or products are for general information only and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first.
The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with.
Although we make strong efforts to make sure my information is accurate, we cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.
On this episode, Jared chats with Garth Epp.
Garth is a growth-minded, strategic thinker, who never settles in the success of yesterday but always builds into the future.
Life flows though Garth, to inspire and empower people who desire to move past their limiting beliefs to realize their true potential.
Some of the topics discussed in the episode:
🎙️ At the core sales is . . . Are customers buying goods/services or a solution?
🎙️ What are the 3 ‘certainty’ items that a customer needs to see? (expert, product/service, trust)
🎙️ What are the 4 purposes of rapport? (connection, expert, certainty, leader)
🎙️ Sales: Power of Words, Power of Tonality, Power of Focus, Power of Pleasure & Pain
If listeners want to touch base with Garth, you can find him through the following links:
Garth Epp
Your Limits Lifted
403-318-9841
Garth@garthepp.com
https://garthepp.com
https://www.yourlimitslifted.com/
podcast #TaxTalkPodcast #SmallBusiness #reddeer #alberta #mindset #method #motivation
Listen to the full episode 👇
🎙️ https://open.spotify.com/show/2nLsTBwAoKCrc46LD9NRLD
Watch the full episode 👇
🎥 https://www.youtube.com/@legacytaxllp
Check out all our resources 👇
🌐 https://www.legacytax.ca/resources
Music: English Breakfast, Jobii from Epidemic Sound
https://www.epidemicsound.com/track/7emX18vZqh/
Disclaimer
By using this website, blog or podcast, users agree as follows:
The information, services and/or products are for general information only and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first.
The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with.
Although we make strong efforts to make sure my information is accurate, we cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.
On this episode, Jared chats with Bryce Kander.
Bryce is a realtor with Realty Executives Alberta Elite. He has been INVESTMENT MINDED and interested in real estate from a young age and can see future potential in land and people when others can’t.
Bryce loves helping people find long term success, especially through purchasing suited properties.
Some of the topics discussed in the episode:
🎙️ I’ve fully depreciated my property. What taxes will apply to my estate?
🎙️ How much can you depreciate your property per year? Based on market value or purchase price?
🎙️ Can you explain the difference classes of depreciation?
🎙️ Air BnB furnishings, what rate does it get depreciated at?
🎙️ Does Alberta have accelerated depreciation in relation to real estate classes?
🎙️ I’m incorporating - how are dividends taxed compared to salary?
If listeners want to touch base with Bryce you can find him through the following links:
Bryce Kander
Realty Executives Alberta Elite
403-896-7331
brycekander@gmail.com
https://www.realtyexecutives.com/agents/bryce-kander
podcast #TaxTalkPodcast #SmallBusiness #reddeer #alberta #investments #realestate #wealth #airbnb #rental #suites #incomeproperty #passiveincome #investmentproperty #realestateagent
Listen to the full episode 👇
🎙️ https://open.spotify.com/show/2nLsTBwAoKCrc46LD9NRLD
Watch the full episode 👇
🎥 https://www.youtube.com/@legacytaxllp
Check out all of our resources 👇
🌐 https://www.legacytax.ca/resources
Music: English Breakfast, Jobii from Epidemic Sound
https://www.epidemicsound.com/track/7emX18vZqh/
Disclaimer
By using this website, blog or podcast, users agree as follows:
The information, services and/or products are for general information only and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first.
The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with.
Although we make strong efforts to make sure my information is accurate, we cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.
On this episode, Jared chats with Stephen van Santen.
Stephen van Santen has been a wealth advisor with Bridgeline Wealth since 2020. He focuses his time working with families, private corporations, estates and family farms.
He is always learning and educating himself to better serve his clientele and particularly likes helping people navigate the complexities of estate matters and planning for the next generation.
Some of the topics discussed in the episode:
🎙️ Who can be an estate administrator?
🎙️ How do I choose the right administrator?
🎙️ What are the administrator’s duties?
🎙️ List of tasks that an administrator must complete.
🎙️ Is an administrator paid for their time?
🎙️ Can I turn down an appointment or resign after starting?
🎙️ Do beneficiaries have legal recourse if an administrator is doing a poor job?
If listeners want to touch base with Stephen you can find him through the following links:
Stephen van Santen
Bridgeline Wealth
403-506-0905
svansanten@bridgelinewealth.ca
https://bridgelinewealth.ca/
https://www.linkedin.com/in/stephenbridgelinewealth/
podcast #TaxTalkPodcast #SmallBusiness #reddeer #alberta #investments #retirement #insurance #segregatedfunds #wills #presonalrepresentative #trustee #successionplanning #family
Listen to the full episode 👇
🎙️ https://open.spotify.com/show/2nLsTBwAoKCrc46LD9NRLD
Watch the full episode 👇
🎥 https://www.youtube.com/@rhfaccountants
Music: English Breakfast, Jobii from Epidemic Sound
https://www.epidemicsound.com/track/7emX18vZqh/
Disclaimer
By using this website, blog or podcast, users agree as follows:
The information, services and/or products are for general information only and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first.
The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with.
Although I make strong efforts to make sure my information is accurate, I cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.
On this episode, Jared chats with Garth Epp.
Garth is a growth-minded, strategic thinker, who never settles in the success of yesterday but always builds into the future.
Life flows though Garth, to inspire and empower people who desire to move past their limiting beliefs to realize their true potential.
Some of the topics discussed in the episode:
🎙️ Your business & life cannot outgrow the level of the thinking you bring to it.
🎙️ Opportunity costs of new projects. What do business owners need to be aware of?
🎙️ Self-management NOT time management.
🎙️ 80/20 Rule - the Pareto Principle. How does this apply to a business owner?
🎙️ What is habit stacking? How does this positively impact your legacy?
If listeners want to touch base with Garth, you can find him through the following links:
Garth Epp
Garth Epp Professional Coach
403-318-9841
Garth@garthepp.com
https://garthepp.com
#podcast #TaxTalkPodcast #SmallBusiness #reddeer #alberta #mindset #method #motivation
Listen to the full episode 👇
🎙️ https://open.spotify.com/show/2nLsTBwAoKCrc46LD9NRLD
Watch the full episode 👇
🎥 https://www.youtube.com/@rhfaccountants
Music: English Breakfast, Jobii from Epidemic Sound
https://www.epidemicsound.com/track/7emX18vZqh/
Disclaimer
By using this website, blog or podcast, users agree as follows:
The information, services and/or products are for general information only and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first.
The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with.
Although I make strong efforts to make sure my information is accurate, I cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.
On this episode, Jared chats with Justin Lamb.
Justin is a Chartered Professional Accountant, Chartered Business Valuator and a founding partner with Jones & Lamb LLP.
Since 2014, Justin has been working in the field of financial litigation support and business valuation. In early 2022, Justin and his business partner, Mark Jones, started Jones & Lamb LLP in Edmonton, AB.
Jones & Lamb LLP was founded with the vision of creating value through innovation. They strive to provide value by blending subject matter expertise with their data science and programmatic toolkits, creativity and by striving to make the complex appear simple.
Some of the topics discussed in the episode:
🎙️ What are some situations where a business valuation would be needed?
🎙️ What are some of the methods used to determine a value?
🎙️ In what circumstances would a business owner seek out a Chartered Business Valuator instead of their accountant for valuation services?
🎙️ How long does it take for a business valuation to be completed by a CBV?
🎙️ What can I do to avoid seeing CRA involved with the valuation of my business?
If the listeners want to touch base with Justin, you can find him through the following links:
Justin Lamb
Jones & Lamb LLP
780-554-4323
justin@joneslamb.ca
https://www.linkedin.com/in/justin-jc-lamb-bcom-cpa-ca-cbv/
https://www.joneslamb.ca/
podcast #TaxTalkPodcast #SmallBusiness #reddeer #alberta #valuation #litigation #financials #cbv #cpa
Music: English Breakfast, Jobii from Epidemic Sound
https://www.epidemicsound.com/track/7emX18vZqh/
Disclaimer
By using this website, blog or podcast, users agree as follows:
The information, services and/or products are for general information only and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first.
The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with.
Although I make strong efforts to make sure my information is accurate, I cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.
On this episode, Jared chats with Colleen Gillam-Judd.
Colleen is a Certified Financial Planner with IG Wealth Management.
For over 15 years, Colleen and her team have been creating a space for high achieving Canadian families to find financial freedom, security and clarity.
Colleen prides herself on clearly presenting financial options in accordance with client goals, while always working to preserve the financial legacy of her clients.
Some of the topics discussed in the episode:
🎙️ Why is it important that people know about Financial Planning?
🎙️ Can you explain the differences between a TFSA, a RRSP, and a non-Registered Margin account?
🎙️ How can someone make the most of their contributions to each type of account?
🎙️ What should someone consider when deciding between the three types of accounts based on their financial goals and situation?
If the listeners want to touch base with Colleen, you can find her through the following links:
Colleen Gillam-Judd
IG Wealth Management
403-505-3800
Colleen.gillam-judd@ig.ca
https://advisor.investorsgroup.com/en/colleen_gillam-judd
podcast #TaxTalkPodcast #SmallBusiness #tfsa #rrsp #nonregistered #investments #retirement #taxplanning
Music: English Breakfast, Jobii from Epidemic Sound
https://www.epidemicsound.com/track/7emX18vZqh/
Disclaimer
By using this website, blog or podcast, users agree as follows:
The information, services and/or products are for general information only and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first.
The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with.
Although I make strong efforts to make sure my information is accurate, I cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.
On this episode, Jared discusses what you should be doing when CRA comes calling.
🎙️ Topic 1 – responding to a CRA audit
-
Be prepared.
-
CRA’s audit powers.
-
Time period of an audit.
-
Deadlines.
-
How to treat an auditor.
🎙️ Topic 2 – proactive steps you can take
-
What is audit insurance?
-
Is it right for you?
podcast #TaxTalkPodcast #SmallBusiness #tax #audit #CRA #AuditInsurance
Music: English Breakfast, Jobii from Epidemic Sound
https://www.epidemicsound.com/track/7emX18vZqh/
Disclaimer
By using this website, blog or podcast, users agree as follows:
The information, services and/or products are for general information only and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first.
The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with.
Although I make strong efforts to make sure my information is accurate, I cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.
Welcome to episode 007 of the Bobcats, Bosses and Breakups series.
On this episode, Jared chats with Chrystal Saxby.
Chrystal Saxby is a banking and loans specialist with ATB Financial. She focuses her time in the residential mortgage department.
You will find that she is genuine and trustworthy and treats her clients like family. She is committed to providing guidance and education as you make your mortgage decision. She will work with you to help you see your dreams become reality.
🎙️ Topic #1 – basic information for mortgage
-
What is needed for the application process?
-
How can I start this process?
-
It seems like I have no money. How do I save for a mortgage?
🎙️ Topic #2 – specific info for small business owners
-
How do personal guarantees on my business loans impact my ability to get a mortgage?
-
How long do I need to be in business before I can qualify for a mortgage?
-
Does a lender view all sources of income as equal? (ie. are wages and dividends looked at similarly?)
If the listeners want to touch base with Chrystal, you can find her through the following links:
Chrystal Saxby
ATB Financial
403-340-5384
csaxby@atb.com
https://www.atb.com/resources/find-a-location/red-deer-north-gaetz-crossing-branch/
Music: English Breakfast, Jobii from Epidemic Sound
https://www.epidemicsound.com/track/7emX18vZqh/
Disclaimer
By using this website, blog or podcast, users agree as follows:
The information, services and/or products are for general information only and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first.
The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with.
Although I make strong efforts to make sure my information is accurate, I cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.
Welcome to episode 006 of the Bobcats, Bosses and Breakups series.
On this episode, Jared chats with Kelly Barber.
Kelly Barber is a certified professional bookkeeper and the owner of B^2 Bookkeeping Services. She has been providing full cycle bookkeeping to small and medium sized businesses since 2015.
Jared has had the privilege of working with Kelly for a couple of years now on a number of client files and he always appreciates her attention to detail, her timely work and dedication to her clients!
🎙️ Topic #1 – benefits of hiring a bookkeeper.
-
Quality reporting.
-
Timely recordkeeping.
-
Cost of bookkeeper vs. doing yourself.
🎙️ Topic #2 – what do I need to know when hiring employees?
-
TD1 forms and others?
-
Remittance periods.
-
Payroll process with a bookkeeper.
🎙️ Topic #3 – cash flow and seasonal businesses
-
Things to keep in mind with a seasonal business (recurring payments).
-
How does the structure of the business impact offseason cash flow.
-
Personal lifestyle of the owners and its impact.
If the listeners want to touch base with Kelly, you can find her through the following links:
Kelly Barber
B^2 Bookkeeping Services
403-396-1506
bsquaredbookkeeping@outlook.com
https://www.b2bookkeeping.ca/
podcast #TaxTalkPodcast #SmallBusiness #bookkeeping #payroll #GST #tax
Music: English Breakfast, Jobii from Epidemic Sound
https://www.epidemicsound.com/track/7emX18vZqh/
Disclaimer
By using this website, blog or podcast, users agree as follows:
The information, services and/or products are for general information only and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first.
The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with.
Although I make strong efforts to make sure my information is accurate, I cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.
Welcome to episode 005 of the Bobcats, Bosses and Breakups series!
On this episode, Jared chats with Stephen van Santen.
Stephen van Santen has been a wealth advisor with Bridgeline Wealth since 2020. He focuses his time working with families, private corporations, estates and family farms.
He is always learning and educating himself to better serve his clientele and particularly likes helping people navigate the complexities of estate matters and planning for the next generation.
🎙️ Topic #1 – how to grow your business.
-
Balance business growth with personal finances.
-
Debt vs. equity contributions.
🎙️ Topic #2 – planning for retirement.
-
How long should I leave my startup cash in the business?
-
Wages vs. dividends.
-
Saving for retirement while maintaining the business.
If the listeners want to touch base with Stephen, you can find him through the following links:
Stephen van Santen
Bridgeline Wealth
403-506-0905
svansanten@bridgelinewealth.ca
https://bridgelinewealth.ca/
https://www.linkedin.com/in/stephenbridgelinewealth/
#podcast #TaxTalkPodcast #SmallBusiness #investments #retirement #insurance #segregatedfunds
Music: English Breakfast, Jobii from Epidemic Sound
https://www.epidemicsound.com/track/7emX18vZqh/
Disclaimer
By using this website, blog or podcast, users agree as follows:
The information, services and/or products are for general information only and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first.
The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with.
Although I make strong efforts to make sure my information is accurate, I cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.
Welcome to episode 004 of the Bobcats, Bosses and Breakups series!
On this episode, Jared chats with Garrett & Chelsea Zimmerman.
Chelsea & Garrett Zimmerman are a husband-and-wife team who have recently launched Team Zimmerman Real Estate through Century 21 Maximum. They work with both buyers and sellers, in Red Deer and across Central Alberta. Team Zimmerman was launched with the intent of putting people first in the real estate process and Chelsea and Garrett welcome all their clients to the bright side of real estate!
This episode will cover the following topics:
🎙️ Topic #1 – how does a real estate agent help in the buying process?
-
Taking the pressure off busy working families.
-
Timeline from first conversation to purchase.
🎙️ Topic #2 – what documents/info you need to start the process?
-
Should I have a preapproval?
-
What other info is needed for you to be effective?
If the listeners want to touch base with Garrett & Chelsea, you can find them through the following links:
Chelsea Zimmerman
Team Zimmerman – Century 21 Maximum
403-597-2555
587-272-0221
chelsea.zimmerman@c21.ca
http://teamzimmerman.c21.ca/
https://www.linkedin.com/in/chelsea-zimmerman/
Garrett Zimmerman
Team Zimmerman – Century 21 Maximum
403-506-5795
587-272-0221
garrett.zimmerman@c21.ca
http://teamzimmerman.c21.ca/
https://www.linkedin.com/in/garrett-zimmerman-6374929/
podcast #TaxTalkPodcast #SmallBusiness #RealEstate #buy #sell #loans #RedDeer
Music: English Breakfast, Jobii from Epidemic Sound
https://www.epidemicsound.com/track/7emX18vZqh/
Disclaimer
By using this website, blog or podcast, users agree as follows:
The information, services and/or products are for general information only and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first.
The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with.
Although I make strong efforts to make sure my information is accurate, I cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.
Welcome to episode 003 of the Bobcats, Bosses and Breakups series.
On this episode, Jared chats with Caleb Henry.
Caleb Henry is an associate at one of Red Deer’s most prominent law firms, Johnston Ming Manning LLP. His areas of practice range from corporate commercial to wills and estates. Don’t hesitate to contact him with your questions, as he would be more than happy to assist.
This episode will cover the following topics:
🎙️ Topic #1 – lease/purchase agreements
-What to watch for when signing a lease or purchase agreement.
-When should I consult a lawyer when signing an agreement?
-What happens if I default on the agreement?
-Can either party adjust the agreement once signed?
🎙️ Topic #2 – benefits of a shareholder agreement & what happens if a business relationship breakdowns
-What does it do?
-Who should have one in place?
-How does the shareholder agreement come into force?
-What happens if I need to sue my business partner?
If the listeners want to touch base with Caleb, you can find him through the following links:
Caleb Henry
Johnston Ming Manning LLP
403-346-5591
chenry@jmmlawrd.ca
https://johnstonmingmanning.com/
https://www.linkedin.com/in/caleb-t-henry-c1h03b70/
podcast #TaxTalkPodcast #SmallBusiness #legal #contracts #agreements #lawyer #reddeer #accountant
Music: English Breakfast, Jobii from Epidemic Sound
https://www.epidemicsound.com/track/7emX18vZqh/
Disclaimer
By using this website, blog or podcast, users agree as follows:
The information, services and/or products are for general information only and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first.
The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with.
Although I make strong efforts to make sure my information is accurate, I cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.
Welcome to episode 002 of the Bobcats, Bosses and Breakups series.
On this episode, Jared chats with Garth Epp, a professional coach.
Garth’s passion has always been people. He is an engaging and energetic coach who is passionate about helping people press toward and realize their true potential. He has a proven track record of working with and developing people, teams, and businesses.
This episode will cover the following topics:
🎙️ Topic 1 – Work/life balance and defining success.
-
What is the ‘Wheel of Life’?
-
How should we define success in the workplace & in life?
-
Why is it important to find balance?
-
How to trust the process and enjoy the journey?
🎙️ Topic 2 – DISC training in the workplace.
-
What are the four personality types outlined in DISC?
-
How do I interact with other personalities?
-
How do I sell to other personalities?
-
Is it better to pursue your strength or work on your weakness?
If listeners want to touch base with Garth you can find him through the following links:
Garth Epp
Garth Epp Professional Coach
403-318-9841
Garth@garthepp.com
https://garthepp.com
https://www.linkedin.com/in/garth-epp-843b73130/
#podcast #TaxTalkPodcast #SmallBusiness #coaching
Music: English Breakfast, Jobii from Epidemic Sound
https://www.epidemicsound.com/track/7emX18vZqh/
Disclaimer
By using this website, blog or podcast, users agree as follows:
The information, services and/or products are for general information only and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first.
The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with.
Although I make strong efforts to make sure my information is accurate, I cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.
Welcome to the Tax Talk Podcast and episode #1 of the Bobcats, Bosses and Breakups series.
On today's episode, I chat with Lyneta Grenier, a Commercial Insurance Advisor with BrokerLink Inc. in Red Deer. She provides insurance solutions to address all of your commercial needs.
As a broker, she feels that it's essential to not only provide you with the comfort of knowing you have proper protection, but also to insure you can easily reach out, should you have any questions or concerns, or have to navigate claims.
This episode will cover the following topics:
🎙️ Topic #1 – Do I Really Need Liability Insurance?
🎙️ Topic #2 – I’m Hiring Employees, How Will This Impact My Commercial Insurance Policies?
If the listeners want to touch base with Lyneta you can find her through the following links:
Lyneta Grenier
Broker Link
403-358-6062 ext 45732
lgrenier@brokerlink.ca
https://www.brokerlink.ca/locations/alberta/red-deer
https://www.linkedin.com/in/lyneta-grenier-583342203/
podcast #TaxTalkPodcast #SmallBusiness #insurance
Music: English Breakfast, Jobii from Epidemic Sound
https://www.epidemicsound.com/track/7emX18vZqh/
Disclaimer
By using this website, blog or podcast, users agree as follows:
The information, services and/or products are for general information only and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first.
The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with.
Although I make strong efforts to make sure my information is accurate, I cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.
Breakup, spring 2007. I was 22 years old, with lots of potential but no real direction.
I had just finished another winter season of work in Alberta’s oil and gas industry and was looking for something to keep me busy until the snow returned, and the lease roads froze again.
Luckily, I found a job working as a labourer in a flat work concrete business (mostly prep, place and finish of basements, driveways and garage pads).
It couldn’t have been much more than a few weeks after I started working in this industry and I found myself branching off and starting a flat work concrete company with a business partner.
The business operated for two years and ended in a bitter breakup.
If you’re thinking about starting a business or you’re already a seasoned veteran, come along on a journey with me as I look back at these two years of my life and the hard lessons I learned.
We’ll explore three general topics:
-
Bobcats: business operation issues
-
Bosses: business management issues
-
Breakups: business legal and financial issues
podcast #TaxTalkPodcast #SmallBusiness
WEBSITE:
https://www.jaredpilon.com/
FACEBOOK:
https://www.facebook.com/theJaredPilon
INSTAGRAM:
https://www.instagram.com/the_jaredpilon/
TWITTER:
https://twitter.com/theJaredPilon
LINKEDIN:
https://www.linkedin.com/in/jared-pilon/
Music: English Breakfast, Jobii from Epidemic Sound
https://www.epidemicsound.com/track/7emX18vZqh/
Disclaimer
By using this website, blog or podcast, users agree as follows:
The information, services and/or products are for general information only and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first.
The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with.
Although I make strong efforts to make sure my information is accurate, I cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.
On episode 010 we'll look at the following:
🎙️ What are the implications of adding a joint owner as it relates to family law claims & division of property claims?
🎙️ Can adding a joint owner open you up to control & creditor issues?
🎙️ Will a transfer to joint ownership result in unequal treatment of my beneficiaries & potentially disinherit children in a blended family situation?
Instead of completing probate planning in a silo, it is important to consider your entire estate when making decisions. This will allow you to plan according to protect your assets, minimize tax and preserve your legacy.
TaxTalkPodcast #probate #JointTitle #estateplanning
WEBSITE:
https://www.jaredpilon.com/
FACEBOOK:
https://www.facebook.com/theJaredPilon
INSTAGRAM:
https://www.instagram.com/the_jaredpilon/
TWITTER:
https://twitter.com/theJaredPilon
LINKEDIN:
https://www.linkedin.com/in/jared-pilon/
Music: English Breakfast, Jobii from Epidemic Sound
https://www.epidemicsound.com/track/7emX18vZqh/
Disclaimer
By using this website, blog or podcast, users agree as follows:
The information, services and/or products are for general information only and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first.
The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with.
Although I make strong efforts to make sure my information is accurate, I cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.
This is a special episode featuring Jared Pilon and his friend Alfred!
In this episode, they look at the following:
🎙️ Estate tax issues arising from transferring assets into joint title
🎙️ Trust planning options that can be missed from joint title transfers
Instead of completing probate planning in a silo, it is important to consider your entire estate when making decisions. This will allow you to plan according to protect your assets, minimize tax and preserve your legacy.
TaxTalkPodcast #probate #JointTitle #estateplanning
WEBSITE:
https://www.jaredpilon.com/
FACEBOOK:
https://www.facebook.com/theJaredPilon
INSTAGRAM:
https://www.instagram.com/the_jaredpilon/
TWITTER:
https://twitter.com/theJaredPilon
LINKEDIN:
https://www.linkedin.com/in/jared-pilon/
Music: English Breakfast, Jobii from Epidemic Sound
https://www.epidemicsound.com/track/7emX18vZqh/
Disclaimer
By using this website, blog or podcast, users agree as follows:
The information, services and/or products are for general information only and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first.
The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with.
Although I make strong efforts to make sure my information is accurate, I cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.
In this episode, we will look at the following:
- Some common reasons why probate planning might be undertaken
- Some common reasons why probate planning should be avoided
- Adding a joint owner (joint tenants and tenants in common)
- Capital gains tax - how this could apply to you
- A case study that examines the transfer of a vacation property to joint title
Instead of completing probate planning in a silo, it is important to consider your entire estate when making decisions. This will allow you to plan according to protect your assets, minimize tax and preserve your legacy.
TaxTalkPodcast #probate #JointTitle #EstatePlanning
WEBSITE:
https://www.jaredpilon.com/
FACEBOOK:
https://www.facebook.com/theJaredPilon
INSTAGRAM:
https://www.instagram.com/the_jaredpilon/
TWITTER:
https://twitter.com/theJaredPilon
LINKEDIN:
https://www.linkedin.com/in/jared-pilon/
Music: English Breakfast, Jobii from Epidemic Sound
https://www.epidemicsound.com/track/7emX18vZqh/
Disclaimer
By using this website, blog or podcast, users agree as follows:
The information, services and/or products are for general information only and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first.
The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with.
Although I make strong efforts to make sure my information is accurate, I cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.
Episode 007 to the #TaxTalkPodcast drops today!
In life, it is said that the only two certain things are death and taxes.
While both may be inevitable, penalties due to incorrect tax filings and stress stemming from not understanding the steps you are to take when a loved passes away, are not.
If you have been named a legal representative of a loved one's estate, this guide is for you.
podcast #estate #CRA #taxreturn #administrator
WEBSITE:
https://www.jaredpilon.com/
FACEBOOK:
https://www.facebook.com/theJaredPilon
INSTAGRAM:
https://www.instagram.com/the_jaredpilon/
TWITTER:
https://twitter.com/theJaredPilon
LINKEDIN:
https://www.linkedin.com/in/jared-pilon/
Music: English Breakfast, Jobii from Epidemic Sound
https://www.epidemicsound.com/track/7emX18vZqh/
Disclaimer
By using this website, blog or podcast, users agree as follows:
The information, services and/or products are for general information only and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first.
The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with.
Although I make strong efforts to make sure my information is accurate, I cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.
Building a successful business is difficult. Transferring that business to the next generation or to a third party via sale is even more difficult.
While you may not be looking to retire or sell right now, your business succession plan should already be in place. A successful plan takes into account your family's dynamics, your retirement goals and numerous other important factors.
successionplanning #smallbusiness #taxtalkpodcast
WEBSITE:
https://www.jaredpilon.com/
FACEBOOK:
https://www.facebook.com/theJaredPilon
INSTAGRAM:
https://www.instagram.com/the_jaredpilon/
TWITTER:
https://twitter.com/theJaredPilon
LINKEDIN:
https://www.linkedin.com/in/jared-pilon/
Music: English Breakfast, Jobii from Epidemic Sound
https://www.epidemicsound.com/track/7emX18vZqh/
Disclaimer
By using this website, blog or podcast, users agree as follows:
The information, services and/or products are for general information only and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first.
The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with.
Although I make strong efforts to make sure my information is accurate, I cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.
When deciding to open a business, there are a number of factors to consider when deciding on the structure of the operation.
The factors are not always clear and the outcomes can vary depending on your unique situation.
Having the right structure in place can help your business succeed both in the short and long-term.
incorporation #smallbusiness #taxtalkpodcast
WEBSITE:
https://www.jaredpilon.com/
FACEBOOK:
https://www.facebook.com/theJaredPilon
INSTAGRAM:
https://www.instagram.com/the_jaredpilon/
TWITTER:
https://twitter.com/theJaredPilon
LINKEDIN:
https://www.linkedin.com/in/jared-pilon/
YOUTUBE:
https://www.youtube.com/channel/UCWcmtm4BvbR1m2akh_AA2Hw
RUMBLE:
https://rumble.com/user/thejaredpilon
Music: English Breakfast, Jobii from Epidemic Sound
https://www.epidemicsound.com/track/7emX18vZqh/
Disclaimer
By using this website, blog or podcast, users agree as follows:
The information, services and/or products are for general information only and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first.
The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with.
Although I make strong efforts to make sure my information is accurate, I cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.
Episode 4 of the Tax Talk Podcast is live!
This episode will look at the following:
- Benefits of transferring your business to an employee
- Options for transferring shares
- Mechanisms that should be put in place to protect your interests
Transitioning your business to an employee can be beneficial for all parties involved. This decision also comes with risk depending on how the deal is structured. Consulting with an insurance advisor, a lawyer and an accountant well in advance of your proposed transition timeline will ensure that the transition goes a smooth as possible.
smallbusiness #taxplanning #taxtalkpodcast
WEBSITE:
https://www.jaredpilon.com/
FACEBOOK:
https://www.facebook.com/theJaredPilon
INSTAGRAM:
https://www.instagram.com/the_jaredpilon/
TWITTER:
https://twitter.com/theJaredPilon
LINKEDIN:
https://www.linkedin.com/in/jared-pilon/
YOUTUBE:
https://www.youtube.com/channel/UCWcmtm4BvbR1m2akh_AA2Hw
RUMBLE:
https://rumble.com/user/thejaredpilon
Music: English Breakfast, Jobii from Epidemic Sound
https://www.epidemicsound.com/track/7emX18vZqh/
Disclaimer
By using this website, blog or podcast, users agree as follows:
The information, services and/or products are for general information only and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first.
The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with.
Although I make strong efforts to make sure my information is accurate, I cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.
Farm family estate planning only works if the plan is discussed among all family members, addresses all concerns presented and is flexible so changes can be made if required.
No two farm families are identical. The same applies to estate planning options. Planning in advance will help your family avoid surprises, preserve family wealth and most importantly, protect family dynamics.
taxplanning #farm #insurance
Are you sick of Trudeau taking half of your income?
Are you looking for ways to keep more money in your pocket?
If you operate a small business and are looking for simple, yet effective income splitting ideas, this is the podcast for you.
I explore two options on this episode:
- prescribed rate loans
- paying wages to family members
TaxTalkPodcast #IncomeSplitting #TaxPlanning
WEBSITE:
https://www.jaredpilon.com/
FACEBOOK:
https://www.facebook.com/theJaredPilon
INSTAGRAM:
https://www.instagram.com/the_jaredpilon/
TWITTER:
https://twitter.com/theJaredPilon
LINKEDIN:
https://www.linkedin.com/in/jared-pilon/
YOUTUBE:
https://www.youtube.com/channel/UCWcmtm4BvbR1m2akh_AA2Hw
RUMBLE:
https://rumble.com/user/thejaredpilon
Music: English Breakfast, Jobii from Epidemic Sound
https://www.epidemicsound.com/track/7emX18vZqh/
Disclaimer
By using this website, blog or podcast, users agree as follows:
The information, services and/or products are for general information only and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first.
The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with.
Although I make strong efforts to make sure my information is accurate, I cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.
5 important tips for small business owners!
According to recent statistics, 82% of small businesses fail due to cash flow problems.
82%!! Have I got your attention?
You’ve heard the quote from Benjamin Franklin, “Our new Constitution is now established, everything seems to promise it will be durable; but, in this world, nothing is certain except death and taxes.”
Cash flow issues are almost the same. Fortunately, you can take steps to mitigate potential issues and set your business on a strong foundation for future growth if you are willing to take a proactive approach.
WEBSITE:
https://www.jaredpilon.com/
FACEBOOK:
https://www.facebook.com/theJaredPilon
INSTAGRAM:
https://www.instagram.com/the_jaredpilon/
TWITTER:
https://twitter.com/theJaredPilon
LINKEDIN:
https://www.linkedin.com/in/jared-pilon/
Music: English Breakfast, Jobii from Epidemic Sound
https://www.epidemicsound.com/track/7emX18vZqh/
Disclaimer
By using this website, blog or podcast, users agree as follows:
The information, services and/or products are for general information only and any reliance on the information provided therein is done at your own risk. If you make tax, accounting, investing or legal decisions after accessing this website, blog or podcast, it is recommended that you consult a qualified professional first.
The views and opinions expressed are those of the author, seller, guests or publisher and do not necessarily reflect the views of the organizations or businesses that these individuals are associated with.
Although I make strong efforts to make sure my information is accurate, I cannot always guarantee that the information on this website, blog or podcast is always correct, complete or up-to-date.