Today I welcome Aravind Sithamparapillai (MBA), who is an associate at Ironwood Wealth Management. Aravind is becoming known as a tax ninja - he breaks down complex topics nicely for listeners of all levels.

While the focus of this episode is meant to be CPP (Canada Pension Plan) & its relevance to business owners, we cover a lot of ground that includes salary vs dividends & tax basics.

Discussion Points:
Aravind's background (4:18)
The basics of tax integration (5:00)
Tax integration by province/territory (6:42)
Tax credit & deduction on the employee portion of CPP (9:16)
Employer portion of CPP - tax deductible (14:13)
What is the true cost of CPP? (16:30)
Understanding the dividend gross up & dividend tax credit (22:05)
Income based benefits that can be impacted by the dividend gross up (26:15)
CPP vs investing yourself in the corporation (31:13)
Salary + dividend vs salary only approach (39:10)
What about the IPP (41:35)
Other CPP benefits - disability, children, survivor (43:30)

Post call newsletter: https://postcall.ca/

Aravind:

• https://www.linkedin.com/in/sithamparapillai/
• [email protected]

Yatin:

• Email: [email protected] 
• LinkedIn: Yatin Chadha

Ways to support beyond MD:

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

Today I'm thrilled to host Dr. Neel Chadha. Neel is a family physician who made the bold decision to go all in on developing retirement residences for seniors.

This is a story of embracing new opportunities, taking calculated risks, & pursuing a focused life to find success.

Discussion Points:
Introduction (1:35)
From family medicine & geriatrics to developing senior homes (5:15)
Neel's decision to leave the hospital & go all in on senior living (6:55)
Neel's retirement residence community (9:35)
Senior living in Canada - status quo, supply/demand (12:00)
Investing in senior living - key metrics to track (16:25)
Navigating interest rates & other challenges in 2023 - key takeaways (18:42)
Why a focused life is critical for success (23:30)
The importance of mentorship (26:05)
What Neel wants to be known for (30:25)
Closing remarks (31:10)

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 :)

Neel:

• https://lanarklifestyles.ca/
• https://www.linkedin.com/in/dr-neel-chadha-44829013b/

Yatin:

• Email: [email protected] 
• LinkedIn: Yatin Chadha

Ways to support beyond MD:

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

The idea for today's pod was born after a riveting conversation on a flight to Florida. I'm happy to host Matthew Lee & Ming Lim from Volition Properties to learn how they've built wealth through investing in multifamily properties in the Toronto core.

Discussion Points:
- Introductions - worth it, I promise (1:30)
- Introduction to Volition (8:15)
- The investment thesis for multifamily in Toronto (10:35)
- Investment locations (19:50)
- Why tenants are so critical to the business model (23:45)
- Are there opportunities currently in Toronto? (25:30)
- What about areas outside the city core primed for more gentrification? (29:55)
- How do you turn properties into meaningful cash flow later? (33:30)
- The numbers behind a recent deal (44:55)
- How many properties does one need to exercise this strategy? (48:10)
- Price per square foot, the reason for 2-3 bedroom suites (51:00)
- 101 on laneway suites & the status quo in Toronto (53:20)
- Parting words (1:01:15)

Volition Properties:

FREE Monthly investor meetup:
https://www.meetup.com/Volition/

Detailed info on the condominiumization meetup Oct 29th, 2024

https://www.meetup.com/volition/events/302351457/?eventOrigin=group_events_list

Contact info: 

• [email protected] 
• www.volitionprop.com 
• 1-877-416-BRRR
• www.facebook.com/VolitionProp
• www.instagram.com/volitionproperties
• www.ca.linkedin.com/company/volitionprop
• www.youtube.com/@VolitionProperties

Physician Financial Wellness Conference:

• https://www.physiciansficonference.com/

Yatin Chadha:

• Email: [email protected]
• LinkedIn: Yatin Chadha

Ways to support beyond MD:

• Share beyond MD with your network
• Amex credit card referral link: https://americanexpress.com/en-ca/referral/business-platinum?ref=yATINC4uFw&XLINK=MYCP

Today is a little different on beyond MD. My incredible wife, Sima Acharya, interviews me to uncover money & life lessons I've learned over time. Plus, we talk about lessons we've learned as a couple.

Discussion points:
Sima's introduction (2:00)
Starting an idea - how & why beyond MD came to be (6:15)
Your spouse doesn't have to be a sounding board for everything (11:45)
The biggest lessons learned over time (13:50)
What concepts from the pod have I put into practice? (21:40)
What podcast topics have I intentionally avoided today? (27:59)
Lessons for the kids (33:00)
Our evolution when it comes to being aligned financially (35:50)
Most memorable beyond MD episodes (42:50)
My 3 favourite books (45:50)
My dream podcast guests (49:00)
Future ideas for beyond MD (50:50)

Yatin Chadha:

• Email: [email protected]
• LinkedIn: Yatin Chadha

Ways to support beyond MD:

• Share beyond MD with your network
• Amex credit card referral link: https://americanexpress.com/en-ca/referral/business-platinum?ref=yATINC4uFw&XLINK=MYCP

Books & resources discussed on this episode:

• https://andrewhallam.com/balance/
• https://www.amazon.ca/100-Baggers-Stocks-100-1/dp/1621291650
• https://www.amazon.ca/AM-Club-Morning-Elevate-Life/dp/1443456624
• https://www.lynalden.com/

Today I host my friend & colleague, Dr. Matt Poyner. Matt breaks down the Registered Education Savings Plan (RESP) & other ways to optimize finances when it comes to our kids' education.

Matt is a long time blogger at dividendstrategy.ca, physician, & is now passionate about offering flat fee financial planning.

Discussion Points:
- Matt's journey & foray into financial planning (2:34)
- Basic RESP overview (14:15)
- RESP set up - family vs specified (21:05)
- Optimal RESP contribution strategy (23:09)
- Investing approach inside an RESP (31:32)
- RESP withdrawals & understanding the RESP buckets (37:26)
- RESP options if your child doesn't go to school (44:00)
- Thoughts on optimizing student financial aid (48:44)
- Spending time with the kids - Matt's perspectives (57:50)

Matt:

• [email protected]
• https://PoynerFinancial.ca
• https://dividendstrategy.ca/blog-2/

Yatin:

• Email: [email protected] 
• LinkedIn: Yatin Chadha

Episode Links:

• https://dividendstrategy.ca/blog-2/
• https://postcall.ca/subscribe?ref=YJc1MtZLsq&_bhlid=f71f181c85b22d7c236a5b072534f69e25f99241
• https://rhombus-butterfly-rwgm.squarespace.com/updatesininpatientmedicine
• https://www.looniedoctor.ca/2023/04/21/resp-contribution/
• https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/rc4092/registered-education-savings-plans-resps.html

Mark Halpern (CFP, TEP, MFA-P) is one of the top voices in tax efficient philanthropy in Canada. Earlier this year, Mark interviewed me on the reasons to give, and I came up with 4 reasons important to me that I hope you will find useful.

Discussion Points:
- my background & journey (3:00)
- the journey of beyond MD (6:02)
- how my interest in philanthropy evolved (11:20)
- reason #1 to give: giving makes is happier - what is the evidence? (13:10)
- reason #2 to give: imparting valuable lessons to our children (20:05)
- how to talk to our kids about giving (25:56)
- reason #3 to give: networking & entrepreneurship (29:00)
- reason #4 to give: financial benefits (33:20)
- numerical example of transferring appreciated stock from your corporation (35:30)
- how to make your charitable gifts more meaningful (39:30)

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

Mark Halpern:
https://wealthinsurance.com/
https://powerofplatinum.com/
https://www.linkedin.com/in/markhalperncfptepmfap/
[email protected]

Links from this episode:
https://wealthinsurance.com/webdoc/TaxLetter-The-Entrepreneurial-Philanthropist.pdf
https://mycharityfund.ca/
https://www.givewise.ca/

Ways to support beyond MD:
Share beyond MD with your network
Amex credit card referral link: https://americanexpress.com/en-ca/referral/business-platinum?ref=yATINC4uFw&XLINK=MYCP

I'm thrilled to host my friend & colleague, Arjun Saraf (CPA, CA, EMD). We focus on Mortgage Investment Corporations, with a focus on understanding the challenges in the current environment & key considerations when navigating this investment strategy.

Discussion points:
- Arjun's professional background (5:33)
- Quick overview on New Haven's MIC (6:57)
- Understanding equity based lending (8:50)
- How does a high interest interest rate environment impact a MIC? (12:00)
- The MIC business landscape today (15:07)
- Tax treatment of MIC investment income (17:41)
- Current trends on arrears (18:25)
- Thoughts on interest rates (25:45)
- Risk mitigations strategies within a MIC (29:40)
- Key lessons learned running a business in this environment (35:13)
- MICs vs other fixed income investment strategies today & when rates fall (36:30)
- 3 Key questions to ask before investing in a MIC (39:40)
- Time to liquidity/getting your money out (43:20)
- Arjun's most valuable lesson (47:25)
- My perspectives (49:50)

Yatin:

• Email: [email protected] 
• LinkedIn: Yatin Chadha

Arjun:

• [email protected]
• https://www.linkedin.com/in/arjun-saraf-cpa-ca-emd-b0667022/
• https://www.newhavenmortgage.com/

Today I'm excited to host Justin Manning, a licensed life & health insurance broker from BC, to talk about a topic I've been getting many questions on lately: Health Spending Accounts, HSAs.

Discussion Points:
- Justin's background (4:05)
- What is an HSA/PHSP (4:45)
- HSA eligibility (5:42)
- Who could benefit from an HSA? (9:45)
- What services are covered by an HSA? (11:20)
- Can travel insurance be covered by an HSA? (13:29)
- Specific services covered/not covered by an HSA (14:20)
- The mechanics of how an HSA works (16:55)
- How much coverage are we allowed through an HSA? (19:49)
- Plan customization, wellness spending accounts (22:22)
- Set up, key questions, costs (26:26)
- Any HSA cons (?), potential misuse (32:28)
- No need to prove health (36:38)
- Can provincial plans like OPIP be paid through by our corporation (37:17)
- Justin's closing thoughts, what if I already have a good group plan? (38:37)
- My perspectives (42:30)

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 :)

Yatin:

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

Justin:

• https://www.linkedin.com/in/justin-manning/
• https://justinmanning.com/
• [email protected]

Today I'm thrilled to welcome Jason Pereira, award winning financial planner to the show to re-explore pension plans for professionals. The focus is on the IPP, the individual pension plan.

Discussion Points:
- Individual Pension Plan (IPP) overview (2:40)
- Jason's background (5:25)
- key definitions - defined benefit (DB) & defined contribution (DC) pensions (6:10)
- how is the DB of an IPP calculated? (7:18)
- When to start an IPP? Thoughts on waiting longer & reducing fees (11:20)
- Who is the ideal candidate for an IPP? (14:08)
- Is there an income threshold below which an IPP makes no sense? (16:25)
- Is there a ceiling to the DB? (18:05)
- Jason's thoughts on the RCA (21:02)
- IPP vs PPP (26:00)
- Does is make sense to place conservative assets inside the DB component? (30:33)
- Is the contribution amount similar across different pension types? (32:28)
- Navigating the pension landscape (32:50)
- IPP vs RRSP & Spousal RRSP (34:30)
- IPP vs investing in a corporation with new cap gains rules (35:15))
- Common mistakes professionals & business owners are making (37:45)
- Improvements upcoming to financial planning in Canada (42:26))
- The most valuable lesson Jason has learned (50:00)

Yatin:
[email protected]
https://www.linkedin.com/in/yatin-chadha-29074b109/

Jason:
https://jasonpereira.ca/
https://jasonpereira.ca/financial-planning-for-canadian-business-owners-podcast-jason-pereira
https://www.linkedin.com/in/pereirajm/

I am delighted to host international best selling author, Andrew Hallam, on today's episode.

We have a wide ranging discussion on the pillars of a successful life, the relationships between money & home ownership & happiness, spending money to enhance life satisfaction, evidence-based investing for success & simplicity, relationships, purpose, & lessons learned living abroad.

Discussion Points/Chapters:
- Andrew's background (1:40)
- The requisites of a balanced & successful life (5:35)
- The relationship between income and happiness (7:30)
- How should we spend our money? (10:40)
- The desert island litmus test (15:55)
- Is home ownership associated with happiness? (18:05)
- Is our happiness impacted by the neighbourhood we live in? (21:59)
- How much of our income should we spend on a home? (25:10)
- Why our investment horizon should be 30+ years (27:10)
- Should you lump sum invest now or wait? (31:30)
- Andrew's take on one stop shop ETFs (38:00)
- My investment approach & challenges (42:30)
- Key questions to as a financial advisor (46:17)
- How to think less about $$ and embrace balance (50:00)
- Why relationships are so important (52:99)
- Meaningful relationships in a world where social media is ubiquitous (54:38)
- Lessons from living abroad, advice for those considering it (59:00)
- The power of giving (1:02:30)
- Finding your purpose (1:04:35)
- My perspectives (1:09:15)

Andrew's books:
https://www.amazon.ca/Balance-Invest-Happiness-Health-Wealth/dp/1774580756

https://www.amazon.ca/Millionaire-Teacher-Wealth-Should-Learned/dp/0470830069

https://www.amazon.ca/Millionaire-Expat-Wealth-Living-Overseas/dp/111941189

Yatin:

• Email: [email protected] 
• LinkedIn: Yatin Chadha