Featured
In this episode, we sit down with Mohammed Al-khooly, tax expert, Twitter sensation, and co-founder of Copilot Tax, to dive into the world of income splitting. We unpack how TOSI works, who it applies to, and the common pitfalls that business owners face.
Are you thinking about setting up a holding company? Before you do, tune in to this episode of Mind Your Money! Host Mehul Gandhi sits down with CPA and founder of Simplify Accounting, Shawn Gander, to break down everything business owners need to know about holding companies—what they are when you actually need one, and why too many entrepreneurs set them up for the wrong reasons.
Canada's national pension plan, the CPP, is a cornerstone for retirees in Canada. Gaining a deeper understanding of the pension scheme and its recent enhancements is crucial to your retirement. Mehul interviews Aravind Sithamparapillai and Jason Yee for a deep-dive into CPP and the recent enhancements. We hope you enjoy the episode!
So much of retirement planning is based on retirement income. Something that many advisors do not talk about with their clients is what retirement life is going to look like. Mehul interviews retirement expert, Susan Latremoille, on the non-financial side of retirement and the work she does to make sure individuals spend their retirement feeling enriched and fulfilled. We hope you enjoy the episode!
In this episode, Westmount Wealth’s Mehul Gandhi interviews tax accountant Yvonne Chu of Journey Tax Solutions to find out how Alternative Minimum Tax (AMT) changes affect Canadians.
In this episode of our Podcast, Westmount Wealth’s Mehul Gandhi is joined by Navaz Cassam President of the Alberta-based actuarial firm, GBL Inc. on all things IPPs.
In this episode of our Podcast, Westmount Wealth’s Mehul Gandhi is joined by Keaton Bessey, Managing Broker at Greater Vancouver Tenant & Property Management. They discuss the reality of investing in Canadian real estate today.
In British Columbia's 'no-fault' car insurance regime, individuals not at fault in an accident are limited to pre-determined levels of wage loss replacement and medical expense repayment, potentially leading to financial ruin. Mehul interviews Personal Injury and Estate litigation lawyer, Elisabeth Sadowski from Hammerco Lawyers to learn about how no-fault insurance works and what British Columbians can do to prevent financial setbacks if they are in a motor vehicle accident. We hope you enjoy the episode!
The only constant in life is change. The percentage of a capital gain that is included as income in the year the gain is realized is currently 50%. As of June 25, 2024, that inclusion rate will increase to 66.67%. Mehul interviews tax lawyer and partner, Rebecca Cynader from Scion Law about the changes to the capital gains inclusions rate, who it affects, what Canadian individuals, companies, and trusts need to be aware of. We hope you enjoy the episode!
Large donations have increased over the years in Canada. Mehul interviews Ian Currie, Regional Development Manager of Western Canada for Canada Gives, a registered charity that centralizes the process of giving through donor-advised funds (DAF). Mehul and Ian discuss the details and benefits of DAFs and how they can simplify the donation process for wealthy Canadian donors. We hope you enjoy the episode!
The last thing retirees want is to run out of money. Mehul interviews Joey Basque, financial planner at Westmount Wealth Management, about financial planning for retirement. Joey and Mehul start the episode laying out the basics of retirement income planning, and then spend time discussing the crucial parts of a retirement income plan that pre-retirees and retirees need to consider.
Mehul speaks with Sheila Burns, a director at CLHIA, about their new Critical Illness Insurance Consumer Guide. Critical Illness insurance is is one of the most misunderstood types of insurance in Canada. It is also one of the least talked about by consumers and insurance advisors alike. The Canadian Life and Health Insurance Association (CLHIA), a consumer based association recently released a consumer guide on critical illness insurance to help canadian consumers. Sheila starts with explaning about the decision to create the guide and then we get into a detaild discussion on critical illness insurance.
Thousands of individuals and corporations in Canada donate to charities every year. Learn about the tax implications of making charitable donations from Tax lawyer, Amanda Doucette.