In this episode, Jason delves into the tumultuous developments in capital gains taxation in Canada over the past year. From initial changes announced by the Trudeau government to the ensuing financial planning frenzy, and culminating in the resignation of the Prime Minister and a subsequent lawsuit, this video clarifies what capital gains are and how they are taxed. We examine the impact of proposed changes on investors, including those involving corporate and personal tax rates, and discuss the ultimate resolution with the election of Mark Carney as Liberal leader. Finally, we consider new proposals from opposition leaders that could affect future taxation. Stay informed on this rollercoaster of tax policy changes and their implications for Canadian investors.

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In this episode of Financial Planning for Canadian Business Owners, host Jason welcomes John Pelley, Co-founder and CEO of Colibri Financial Services Agents. John explains how Colibri offers fractional treasury manager services, diving into the intricacies of optimizing banking fees, loan structures, and merchant services for small businesses. They discuss why typical banking relationships are suboptimal and how Colibri provides a tailored review to unlock potential savings. John shares insights on how often businesses should revisit their financial structures and provides advice for small businesses on working effectively with banks. Tune in to understand the importance of competitive banking and the benefits of outsourcing treasury services.

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In this episode of Financial Planning for Canadian Business Owners, host Jason welcomes John Pelley, Co-founder and CEO of Colibri Financial Services Agents. John explains how Colibri offers fractional treasury manager services, diving into the intricacies of optimizing banking fees, loan structures, and merchant services for small businesses. They discuss why typical banking relationships are suboptimal and how Colibri provides a tailored review to unlock potential savings. John shares insights on how often businesses should revisit their financial structures and provides advice for small businesses on working effectively with banks. Tune in to understand the importance of competitive banking and the benefits of outsourcing treasury services.

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In this episode of 'Financial Planning for Canadian Business Owners,' Jason welcomes Aaron Hector, President of the Institute of Advanced Financial Planners (IAFP). They discuss the Institute's role as the governing body for the Registered Financial Planner (RFP) designation, its stringent qualification process, and the ongoing support provided to its members. The conversation also highlights the importance of working with highly qualified financial planners, the benefits of the RFP designation, and the IAFP's commitment to introducing a fiduciary standard to elevate the profession in Canada. They provide practical advice for selecting a financial planner and emphasize the significance of specialized knowledge in serving clients' specific needs.

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In this episode of Financial Planning for Canadian Business Owners, Jason hosts Tasha Batstone, President and CEO of FP Canada, to discuss the importance of finding credible financial planners. They delve into FP Canada's role as a certifying body, the significance of the CFP standard, the process to attain CFP certification, and the introduction of the QAFP designation for clients with less complex financial planning needs. The episode also emphasizes the robust enforcement mechanisms FP Canada employs to ensure public protection and trust in financial planning professionals.

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In this episode, host Jason Pereira welcomes Julia Chung, Chairperson of the Financial Planning Association of Canada (FPAC), to discuss the importance of professionalizing financial planning. They explore the establishment of FPAC, the different levels of membership, and the significance of the fiduciary standard. FPAC's commitment to continuous education, a unified vision, and creating a supportive community for financial planners is also highlighted. Julia emphasizes the value of finding advisors who genuinely seek to improve clients' financial lives and the collaborative nature of FPAC in providing top-tier financial advice.

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In this episode of Financial Planning for Canadian Business Owners, host Jason welcomes back Terry Ritchie, an expert in Canada US cross-border planning, to discuss the implications of the new US presidency on potential tax changes. The conversation covers important topics such as the unique US policy of taxing based on citizenship rather than residency, the financial complexities Americans in Canada face, upcoming legislative proposals, the implications of changes to social security and estate tax, and how these elements affect American expats living in Canada. Terry also provides insights on dealing with financial compliance and reporting requirements, and potential tax benefits under current and proposed legislation.

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In this episode, host Jason Pereira and guest Jason Watt delve into the complex and often misunderstood gray areas of insurance and tax law that business owners in Canada should be aware of. The discussion covers specific topics like the taxation of corporate-owned insurance, critical illness insurance without clear tax code definitions, and complex structures involving permanent life insurance. They also examine the potential pitfalls of corporate insured retirement plans, challenges with health spending accounts for solo operators, and the obligations and risks faced by insurance agents and financial planners. The episode aims to equip listeners with essential knowledge to navigate these gray areas and avoid common pitfalls.

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In this episode, host Jason Pereira talks to Steve McEwen of My HSA about defined contribution benefits programs, commonly known as health spending accounts in Canada. Steve explains how My HSA provides a turnkey platform for advisors to manage these accounts, offering a flexible and cost-effective alternative to traditional benefits plans. The discussion covers the differences between health spending accounts and traditional insurance-based benefits, the advantages of defined contribution plans, and their various applications for businesses of different sizes. Steve also addresses common misconceptions and the importance of using third-party administrators to handle employee claims. The conversation concludes with insights into the administrative process and fraud prevention measures.

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Jason Pereira Interviews Dr. Daniel Crosby on Money, Meaning, and Health in his new book: The Soul of Wealth Jason Pereira relaunches his financial planning podcast with a special video edition featuring Dr. Daniel Crosby, a clinical psychologist and New York Times bestselling author. They discuss the deeper purpose and meaning behind financial wealth, the importance of health and well-being, and the insights from Dr. Crosby's latest book, 'The Soul of Wealth: 50 Reflections on Money and Meaning.' Key topics include the PERMA model for life satisfaction, the pitfalls of hedonistic adaptation and the arrival fallacy, and actionable strategies for business owners to find purpose beyond their financial goals.

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In this episode, Jason talks to Jon Shell about the advent of employee ownership trusts in Canada, a game-changing legislation that addresses previous concerns and paves the way for a more inclusive and equitable business ownership structure. Through a deep dive into the intricacies of this model, listeners are offered a comprehensive understanding of its benefits, implications, and transformative potential for both business owners and employees alike.

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In this episode, Jason Pereira discusses the world of virtual assistants for financial advisors, featuring insights from Andrew Evans, Founder of ROffice. Through their conversation, listeners gain valuable knowledge on how virtual assistants can revolutionize the way financial advisors operate, ensuring efficiency and effective client service. This episode is a deep dive into outsourcing certain business operations to optimize service delivery and business growth.

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Jason talks to Richard Parker, owner of the Diomo Corporation. They delve into the critical aspects of buying and selling businesses, focusing on the complexities around what sellers might not disclose and how buyers can navigate these challenges for a successful acquisition. The conversation offers a wealth of insights, drawing from Parker's extensive experience in helping individuals acquire businesses in the lower market.

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