beyond MD with Dr. Yatin Chadha

Jamie Golombek is back!!! This time to discuss a frequently requested topic: TRUSTS

Outline:
Jamie's background (1:48)
Basic overview of trusts (3:15)
Big picture: why would one want to open a trust? (6:12)
Trusts nitty gritty (contributions, assets, taxes, corporate transfers) (7:45)
Income splitting using a trust (11:09)
Tax implications for trust income (14:45)
Investment strategies for a trust (15:47)
Deferral of capital gains (16:42)
Estate freeze - mechanics & role of a trust (17:50)
Other trusts: alter ego, joint partner, foreign inheritance (20:35)
A few notes on charitable gifting (24:45)
The current landscape in advanced tax planning (26:46)
Who benefits from a trust, how much $$ do you need? (28:56)
Parting words, advice for 2023 (30:03)

Jamie's article on trusts: https://www.jamiegolombek.com/media/in-trusts-we-trust-en.pdf

YouTube Videos for this Episode:
https://www.youtube.com/watch?v=y14V8TFUOwU&t=28s
https://www.youtube.com/watch?v=yT9gw7ZgB7s&t=10s

My links:
https://www.linkedin.com/in/yatin-chadha-29074b109/

[email protected]

beyondmdpodcast.com

It's my pleasure to host Stefan Scott, a fee-for-service (flat-fee) Financial Planner. He is a valued voice on the Physician Financial Independence Facebook group & is exceptionally well versed on the First Home Savings Account (FHSA).

Discussion points:
- Stefan's background (6:42)
- FHSA overview (9:10)
- Eligibility, definition of first time home buyer (10:27)
- How long can an account stay open for? (12:54)
- Carrying forward contributions, over contribution penalties (13:36)
- Tax deductions (15:26)
- Transfers from FHSA to RRSP & vice versa (17:08)
- Are home furnishings eligible? (19:25)
- Spousal transfers (21:31)
- the right way to make transfers (22:24)
- FHSA types, eligible investments, investment strategies (23:40)
- Foreign withholding tax exempt? (28:28)
- Strategies if you don't buy a home (29:37)
- FHSA vs RRSP Home Buyer's plan (33:19)
- What happens to FHSA at death? (36:06)
- Qualified withdrawals & withdrawal guidelines (37:44)
- Closing thoughts on FHSA and beyond (42:40)

Stefan Scott:
[email protected]
https://www.youtube.com/watch?v=s_f78sa5vVk&t=15s

Yatin Chadha:
https://www.linkedin.com/in/yatin-chadha-29074b109/
beyondmdpodcast.com
[email protected]
https://www.youtube.com/watch?v=Rd90dJueAcg

DEFINITIVE CRA WEBSITE on FHSA:

Next to our volatile markets, guaranteed income certificates (GICs) have been one of the most discussed topics over the last year.

In this episode I sit down with Mahima Poddar of EQ Bank to dissect these in a bit more detail.

Mahima Poddar is the Senior Vice-President & Group Head of Personal Banking at Equitable Bank (EQ), which has now grown to $8 Billion in deposits and over 300K customers.

Discussion Points:
- what is a GIC? (6:15)
- payment frequency (6:36)
- reinvesting interest (7:11)
- what influences GIC rates? (7:45)
- registered vs non-registered rates (10:03)
- GIC rates at big banks vs EQ & other smaller banks (10:30)
- redeemable/cashable GICs: how much of your cash can you remove? (11:40)
- what if you need to pull out $$ from a non-redeemable GIC? (12:20)
- GIC protection through CDIC (13:06)
- understanding a laddered GIC approach (14:33)
- market-linked GICs (16:31)
- the pain points EQ bank is trying to solve & plans for business banking (19:30)

Reach out anytime: [email protected].

Mahima's LinkedIn:
https://www.linkedin.com/in/mahima-poddar-73b1b430/

Yatin's Resources:
https://www.youtube.com/watch?v=LhaXNoURidA
https://www.youtube.com/watch?v=gno63208wsY&t=8s
https://www.youtube.com/watch?v=CwviUABYzXM
beyondmdpodcast.com
https://www.linkedin.com/in/yatin-chadha-29074b109/
https://www.instagram.com/beyond.md/

I'm thrilled to host my colleague & friend, Dr. Matt Poyner.

Matt is a former ER physician who paved his way to financial independence in his 40's. He made the decision to leave medicine, travel the world with his family, and to pursue his new passion of teaching other physicians about money. Matt is also currently pursuing his CFP designation.

Matt's story is one of taking chances, carving out a different path, & striving to enjoy life today (not tomorrow). He was able to achieve a lot of this by playing the long game through common sense & evidence based investing. His approach includes great success with dividend investing, a topic he is highly knowledgeable about and has written about widely.

Matt's Resources:
https://moneysmartmd.com/ (course & blog)
https://dividendstrategy.ca/ (blog)

Yatin's Resources:
https://www.youtube.com/watch?v=LhaXNoURidA
https://www.youtube.com/watch?v=gno63208wsY&t=8s
https://www.youtube.com/watch?v=CwviUABYzXM
beyondmdpodcast.com
https://www.linkedin.com/in/yatin-chadha-29074b109/
https://www.instagram.com/beyond.md/

Paper on dividend investing: https://www.hartfordfunds.com/dam/en/docs/pub/whitepapers/WP106.pdf

Welcome to part 4 of the Buy, Renovate, Rent, Refinance (& maybe repeat) method of real estate investing with Quentin D'Souza. Topic = Refinancing.

Quentin is one of the most trusted voices in Canadian real estate investing. He started as a school teacher and has now built a real estate portfolio worth > $125 million.

Discussion Points:

- What makes a worthwhile BRRRR? (0:47)
- Preparing for the appraisal (5:23)
- Appraisal timing & mortgage considerations (10:55)
- Variable or short term fixed? (13:03)
- Closing remarks, how to reach Quentin (16:46)
- BRRRR summary, interest rates (18:15)

RESOURCES

Quentin:
website: https://quentindsouza.com/
Durham Real Estate Investor's Club: https://durhamrei.com/
IG: https://www.instagram.com/qmanrei/
LinkedIn: https://www.linkedin.com/in/quentindsouza/
Get Real Wealthy Podcast: https://podcasts.apple.com/ca/podcast/get-real-wealthy/id1556449211
Books:
The Property Management Toolbox
The Filling Vacancies Toolbox
The Finding Properties Toolbox
The Action Takers Real Estate Investing Planner
Link: https://www.amazon.ca/Property-Management-Toolbox-How-Investors/dp/0993671713

Yatin:
Email: [email protected]
Website: https://beyondmdpodcast.com/
LinkedIn: https://www.linkedin.com/in/yatin-chadha-29074b109/
YouTube: https://www.youtube.com/@beyondmd7203
IG: https://www.instagram.com/beyond.md/

Welcome to part 3 of the Buy, Renovate, Rent, Refinance (& maybe repeat) method of real estate investing with Quentin D'Souza. Topic = Renting.

Quentin is one of the most trusted voices in Canadian real estate investing. He started as a school teacher and has now built a real estate portfolio worth > $125 million.

Discussion Points:

- Understanding debt coverage ratio, the multiple benefits of positive cashflow (2:10)
- Quentin's comprehensive checklist & process for screening and selecting tenants  (5:52)
- A, B, C, and D class tenants (16:02)
- Using property management & freeing up your time (18:20)

RESOURCES

Quentin:
website: https://quentindsouza.com/
Durham Real Estate Investor's Club: https://durhamrei.com/
IG: https://www.instagram.com/qmanrei/
LinkedIn: https://www.linkedin.com/in/quentindsouza/
Get Real Wealthy Podcast: https://podcasts.apple.com/ca/podcast/get-real-wealthy/id1556449211
Books:
The Property Management Toolbox
The Filling Vacancies Toolbox
The Finding Properties Toolbox
The Action Takers Real Estate Investing Planner
Link: https://www.amazon.ca/Property-Management-Toolbox-How-Investors/dp/0993671713

Yatin:
Email: [email protected]
Website: https://beyondmdpodcast.com/
LinkedIn: https://www.linkedin.com/in/yatin-chadha-29074b109/
YouTube: https://www.youtube.com/@beyondmd7203
IG: https://www.instagram.com/beyond.md/

Welcome to part 2 of the Buy, Renovate, Rent, Refinance (& maybe repeat) method of real estate investing with Quentin D'Souza. Topic = Renovation.

Quentin is one of the most trusted voices in Canadian real estate investing. He started as a school teacher and has now built a real estate portfolio worth > $125 million.

Discussion points:

- Strategies for inspecting rental units & getting cost estimates (3:25)
- Project timelines & high yield renovation planning tips (9:44)
- Considerations for basement suites such as ceiling height, egress, natural light (14:35)
- Small renovation maneuvers that can increasing property value (18:32)
- Estimating post renovation appraisal value (21:03)

RESOURCES

Quentin:
website: https://quentindsouza.com/
Durham Real Estate Investor's Club: https://durhamrei.com/
IG: https://www.instagram.com/qmanrei/
LinkedIn: https://www.linkedin.com/in/quentindsouza/
Get Real Wealthy Podcast: https://podcasts.apple.com/ca/podcast/get-real-wealthy/id1556449211
Books:
The Property Management Toolbox
The Filling Vacancies Toolbox
The Finding Properties Toolbox
The Action Takers Real Estate Investing Planner
Link: https://www.amazon.ca/Property-Management-Toolbox-How-Investors/dp/0993671713

Yatin:
Email: [email protected]
Website: https://beyondmdpodcast.com/
LinkedIn: https://www.linkedin.com/in/yatin-chadha-29074b109/
YouTube: https://www.youtube.com/@beyondmd7203
IG: https://www.instagram.com/beyond.md/

Welcome to part 1 of a 4 part series on the BRRRR (buy, renovate, rent, refinance & maybe repeat) method of real estate investing featuring Quentin D'Souza.

Quentin is one of the most trusted voices in Canadian real estate investing. He started as a school teacher and has now built a real estate portfolio worth > $125 million.

Discussion points:
- Quentin's inspiring story & background in real estate investing (3:45)
- Developing the real estate investor mindset (11:46)
- Introduction to the BRRRR method (13:45)
- Buying - solving problems, finding listings off the MLS (17:22)
- Buying - the importance of relationships (23:43)
- Key questions to ask a realtor (26:51)
- Screening properties efficiently, mapping out a city (29:35)

RESOURCES

Quentin:
website: https://quentindsouza.com/
Durham Real Estate Investor's Club: https://durhamrei.com/
IG: https://www.instagram.com/qmanrei/
LinkedIn: https://www.linkedin.com/in/quentindsouza/
Get Real Wealthy Podcast: https://podcasts.apple.com/ca/podcast/get-real-wealthy/id1556449211
Books:
The Property Management Toolbox
The Filling Vacancies Toolbox
The Finding Properties Toolbox
The Action Takers Real Estate Investing Planner
Link: https://www.amazon.ca/Property-Management-Toolbox-How-Investors/dp/0993671713

Yatin:
Email: [email protected]
Website: https://beyondmdpodcast.com/
LinkedIn: https://www.linkedin.com/in/yatin-chadha-29074b109/
YouTube: https://www.youtube.com/@beyondmd7203
IG: https://www.instagram.com/beyond.md/

My exploration of investing continues today with Jeremy Donath, LL.B, CIM. Jeremy co-runs the Donath & DiSabatino Wealth Management Group in BMO Private Wealth.

Today's topic covers Liquid Alternative Investments.

Discussion points:
- Jeremy's background & experience (7:06)
- Basic investment approach (8:08)
- What is a liquid alternative investment? (10:46)
- Sectors and asset classes covered by liquid alts (12:34)
- Accessed by individuals or institutions? (13:46)
- RRSP eligibility (14:42)
- Checklist for due diligence - critical (15:16)
- Rationale for liquid alternatives in the portfolio (22:40)
- Challenging liquid alts through the illiquidity premium (25:32)
- Returns of liquid alts vs TSX & SP500 (27:05)
- But most rolling 10 year periods since 1937 are + for index funds....(30:08)
- Pivoting from alts to equities & vice versa, dealing with market timing (34:50)
- Pension funds & liquid alternatives (37:16)
- Fund fact sheets - information we need to know (39:04)
- Hurdle rates (40:23)
- Performance fees, high water mark (41:06)
- Any fees when you sell the fund? (44:16)
- Upside & downside capture (45:24)
- Sharpe ratio, sortino ratio (46:24)
- Closing remarks (47:59)

Jeremy's email: [email protected]

Jeremy's website: https://nesbittburns.bmo.com/donath.disabatino/

My email: [email protected]

My website: [email protected]

LinkedIn: https://www.linkedin.com/in/yatin-chadha-29074b109/

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

It's an honour to host Sasha Cucuz, CEO of Greybrook Securities on this episode.

The focus: understanding real estate development based investing

Discussion points:
- Sasha's very interesting path (2:40)
- Greybrook's healthcare investments (6:00)
- How Greybrook is structured...greybrook capital, realty partners, & securities (7:57)
- Overview of types of projects & key markets, investment strategy (9:08)
- How a development project works start to finish, how returns are generated (12:20)
- Limited partnership structure (18:54)
- Tax implications of investment returns (21:36)
- Macro: project timelines, roadblocks, supply contraints, the silver lining for returns (22:04)
- Micro: project selection, underwriting, risk management (28:06)
- Impact of interest rates & commodity prices on development & investment thesis (33:15)
- Exit strategies, managing the unexpected (37:42)
- A note on developers, additional risk mitigation strategies (43:16)
- How taking a contrarian approach can be beneficial (50:10)

Greybrook website: https://greybrook.com/

Beyond MD website:
https://beyondmdpodcast.com/

LinkedIn:
https://www.linkedin.com/in/yatin-chadha-29074b109/

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