Today I welcome Mehul Gandhi (CFP, TEP, CLU) from Westmount Wealth to discuss death & taxes for incorporated small business owners in Canada.

The episode is broken down into 3 parts:

- the layers of tax facing the estate upon death of an incorporated professional

- strategies to mitigate the tax hit

- who can help us & the importance of updating our wills

Discussion points:

Introduction (3:05)

The layers of tax on one's estate after an incorporated business owner passes away (6:08)

How much tax can our estate face with no planning? (18:00)

Estate freezes (19:18)

First post mortem tax reduction strategy - loss carryback (22:03)

Pipeline strategy (24:34)

Why it's important to keep our wills updated (27:30)

Corporate share structure (30:24)

Insurance to navigate illiquidity challenges (35:42)

Who needs a holding company? (40:32)

Tax reduction with proper planning - how much? (43:04)

Help us with estate planning - who? (45:05)

Closing thoughts (47:45)

Mehul Gandhi

https://www.linkedin.com/in/mehulgandhicfp/

[email protected]

https://www.westmountwealth.com/

Yatin Chadha

beyond Radiology:

https://beyondradiology.thinkific.com/products/courses/ct-head-interpretation-course

https://beyondradiology.thinkific.com/courses/master-ct-head-interpretation-course

Email: [email protected] 

LinkedIn: Yatin Chadha

Thank you for joining me on this solo episode where I share my journey (and struggles) en route to finding what truly lifts me up. I'm also thrilled to share my new course (beyond Radiology), which I hope will help my colleagues with their radiology knowledge. Finally, I have a message for trainees and new staff (I hope it resonates).

Contents:

- overcoming challenges over the last few years (0:50)

- finding more fulfillment at work (11:05)

- my new course, beyond Radiology (13:45)

- finally finding purpose (18:05)

- my message for medical trainees and new staff (19:43)

Links:

beyond Radiology:

https://beyondradiology.thinkific.com/products/courses/ct-head-interpretation-course

https://beyondradiology.thinkific.com/courses/master-ct-head-interpretation-course

Email: [email protected] 

LinkedIn: Yatin Chadha

Hey Friends! I'm a bit delayed in releasing a new episode, so I wanted to provide you with a quick update.

The next full episode will be August 14th - I hope to see you there.

I hope summer is treating everyone well!

Yatin

Today I host Dr. Mamta Gautam, MD, MBA, FRCPC, CPDC, CCPE, CPE. 

Mamta is an internationally renowned psychiatrist, consultant, certified coach, author and speaker. Focused on Physician Health and well-being since 1990, she is a trailblazer in this field and is known as the “The Doctor’s Doctor”.  In the past 2 decades, she has expanded her work to include Leadership Development, to better address system-level factors that impact the wellbeing of healthcare workers.

Discussion points:

- Mamta's background & fascinating origin story (3:23)

- how to pursue growth at work to create an enjoyable & sustainable career (6:45))

- burnout - what are the key signs? (18:00)

- preventative measures for burnout (21:33)

- how relevant is financial literacy in combatting burnout? (27:22)

- building resilience - the 5 C's (33:27)

- where you can learn about Mamta's work (46:40)

- closing thoughts (48:04)

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This episode features Arya EHR - https://www.aryaehr.com/

**I endorse only products/services I personally use or would use. Any income generated offsets the costs of running this podcast

Links:

Mamta Gautam:

X: https://twitter.com/PEAKMD

LinkedIn: https://www.linkedin.com/in/mamta-gautam-peak-md-6a7a3422/

Instagram: https://www.instagram.com/peak.md/

Facebook: https://www.facebook.com/peakmd.ca/

BlueSky: https://bsky.app/profile/peakmd.bsky.social

Yatin Chadha:

Email: [email protected] 

LinkedIn: Yatin Chadha

Today I welcome my friend, Farrah Khimji, to the show.

Farrah Khimji is a business strategist, keynote speaker, and the founder of The Wellth Experience — a business coaching platform and community that helps high-achieving women build purpose-driven businesses rooted in their story, values, and voice. With a CPA, an MBA, and a specialization in Strategy from Harvard, Farrah brings serious business credibility, backed by years of experience in private equity and commercial real estate.

Today, Farah helps others bring their business ideas to life so they can maximize their impact in the world.

Discussion points:

Early definitions of success (2:17)

Lessons from the corporate world (8:15)

Moving from the corporate world to a new path (12:30)

How Farrah's experiences led her to coaching (19:20)

Overcoming Imposter Syndrome (26:48)

Finding purpose through the FLOW framework (31:00)

Zone of genius (35:30)

How Farrah helps others through coaching (39:46)

Key considerations for monetization (45:30)

Final messages for listeners (50:40)

Farrah Khimji:

https://www.linkedin.com/in/farrah-khimji/

https://www.instagram.com/farrahkhimji/

@farrahkhimji

Dr. Yatin Chadha

• [email protected] 
• LinkedIn: Yatin Chadha

Ways to support beyond MD

• Amex referral link: https://americanexpress.com/en-ca/referral/business-platinum?ref=yATINC4uFw&XLINK=MYCP

Today I'm thrilled to welcome Dr. Benjamin Hutten-Czapski, founder of Rewards MD to discuss a topic that can benefit each and every one of us...

...traveling the world by paying less through optimizing credit card rewards.

You will want to listen to the end. Key links are at the bottom.

Discussion Points:

- introduction (2:18)

- Rewards MD & how it's different (5:44)

- what makes a good keeper credit card? (7:55)

- a summary of the various ecosystems (10:18)

- Amex platinum: worth it? (13:48)

- A framework for accumulating points (16:53)

- sign up bonuses (23:12)

- cards for sustainable point earning in Canada (27:27)

- Visa infinite vs. privilege - key considerations (30:50)

- aeroplan e-store optimization (33:38)

- Aeorplan status - why is this significant? (37:55)

- Paying taxes with credit cards (40:20)

- Amex business gold benefits (44:16)

- Risks of audits? (46:25)

- Chexy - pay taxes, rent, utilities (48:41)

- How to handle lump sum expenses (51:00)

- Approach to redeeming points (53:06)

- Building the ideal credit card wallet (57:45)

- Closing thoughts (59:50)

Dr. Benjamin Hutten-Czapski:

•  www.rewardsmd.ca
•  consultations 
•  PointsYeah
• http://chexy.co/rewardsmd
• [email protected] 

Dr. Yatin Chadha

• [email protected] 
• LinkedIn: Yatin Chadha
• Amex referral link: https://americanexpress.com/en-ca/referral/business-platinum?ref=yATINC4uFw&XLINK=MYCP

Welcome back to a second episode on the Canada Pension Plan (CPP).

My guest is Jason Yee, a true CPP ninja. Jason guides us through CPP and its 2019 & 2024 enhancements to outline the key features of the plan & helps us understand what we will get from it in the future.

Discussion Points:

Jason's background (2:43)

CPP basics (5:05)

Key features of CPP (6:27)

Why is CPP so polarising? (9:26)

What determines what we will get out of CPP? (11:32)

CPP enhancements: why & how do they help us? (13:21)

What about years of lumpy/low income? (17:32)

Considerations for when to start CPP (21:36)

CPP payout scenarios (23:16)

Take home points for the busy professional (26:16)

Closing thoughts (28:05)

Jason Yee:

Contact:  [email protected]

Company website:  https://finepointsolutions.ca/

All our CPP ideas & resources:  https://finepointsolutions.ca/ideas-resources/

LinkedIn:  https://www.linkedin.com/in/yee/

YouTube channel:  https://www.youtube.com/channel/UCwuA3EIkAUT1xIPy3lqJwPg

Yatin Chadha:

Email: [email protected] 

LinkedIn: Yatin Chadha

How to support beyond MD:

• connect with me on LinkedIn: Yatin Chadha
• credit card referral link: https://americanexpress.com/en-ca/referral/business-platinum?ref=yATINC4uFw&CPID=100373056

Today I welcome Promod Sharma & Jeevan Sharma to the show to discuss the immediate financing arrangement (IFA).

Promod (actuary) & Jeevan (CFP) specialize in helping high-net-worth individuals & tackling their unique situations beyond basic insurance coverage. 

Discussion Points:

What is an IFA? (2:17)

Whole life (WL) vs Universal life (UL) - which is more suitable for an IFA? (3:41)

What is the cash surrender value (CSW)? (7:35)

How can policies be structured to allow for IFAs...Important (9:30)

Who could benefit from an IFA? (16:55)

IFA mechanism: 

- policy as collateral (23:23)

- how large can the loan be? (24:42)

- lenders (26:32)

- personal vs corporate loans (27:57)

- loan rates (30:58)

- guarantee fees (31:35)

Does IFA impact policy growth? (33:34)

Using policy as collateral vs directly borrowing from the policy (34:20)

How are IFAs tax efficient? (36:34)

Loophole? (42:34)

Fees (44:55)

Ways to pay off the loan (45:44)

Permanent life & IFA checklist - Important (46:25)

When not to pursue an IFA (50:56)

IFA risks (53:09)

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This episode features Arya EHR - https://www.aryaehr.com/

**I endorse only products/services I personally use or would use. Any income generated offsets the costs of running this podcast

Promod Sharma & Jeevan Sharma:

https://taxevity.com/

[email protected]

[email protected]

https://www.linkedin.com/in/promod/

https://www.linkedin.com/in/jeevanksharma/

Yatin Chadha:

Email: [email protected] 

LinkedIn: Yatin Chadha

Sometimes the answers are right in front of us. My guest today is Dr. Hasan Merali, MD MPH, author of Sleep Well, Take Risks, & Squish the Peas.

We both believe kids hold the secret to a happier & richer life. Today, Hasan provides stories & evidence from the science of toddlers to back this up. He also discusses how we can incorporate certain practices into our day-to-day routines.

Discussion Points:

Hasan's introduction (2:40)

Benefits of training in different places (4:10)

How Hasan became fascinated with the science of toddlers (5:45)

The difference between a toddler & adult brain (7:50)

Toddler lesson #1: bedtime routines (9:35)

Toddler lesson #2: giving (13:05)

Toddler lesson #3: laughter (16:30)

Toddler lesson #4: positive self talk (22:34)

Toddler lesson #5: play (25:10)

Hasan's book & the book writing process (26:35)

Hasan's TEDx talk experience (35:30)

How Hasan finds more purpose in his work (38:18)

Goal setting & 5 year plans (42:30)

Hasan Merali:

Book: https://hasanmerali.com/book/   

Website: https://hasanmerali.com/

TEDx Talk. The best life lessons from toddlers: https://www.youtube.com/watch?v=C6l97Bixokc

X: https://twitter.com/Hasan_Merali

LinkedIn: https://www.linkedin.com/in/hasan-merali/

Facebook: https://www.facebook.com/HasanMeraliMD/

Popular Science Article: For better sleep, borrow the bedtime routine of a toddler: https://www.popsci.com/diy/how-to-sleep-better/

TEDx talk by Angela Duckworth: https://www.youtube.com/watch?v=H14bBuluwB8

Yatin Chadha:

Email: [email protected] 

LinkedIn: Yatin Chadha

I've been investing for 7 years. When the markets get volatile & uncertainty arises, I find it informative & reassuring to sit down with another savvy mind.

Today, I'm thrilled to chat with Paul Healey about questions people have related to investing in today's markets.

This is jam packed with practical insights and valuable lessons Paul has learned since he started investing in 2007.

Discussion Points:

- What are the main questions today? (2:10)

- Strategy - investing regularly vs buying the dips (7:45)

- How can we manage our emotions? (10:05)

- Paul's experience in 2008 (13:00)

- Cash cushions and emergency funds (18:20)

- Lump sum vs. dollar cost averaging? (21:20)

- Multiple ETFs vs. all in one ETFs (23:12)

- Asset allocation over time (25:08)

- The power of time & compounding (25:55)

- Closing thoughts (30:12)

- Investing = time freedom in the future (32:50)

CMPA Council Vote: https://www.cmpa-acpm.ca/en/about/governance/council-elections

Email: [email protected] 

LinkedIn: Yatin Chadha