The Financial planning for canadian business owners podcast

Wondering if selling your Canadian business will incur significant taxes? Learn about the Lifetime Capital Gains Exemption (LCGE) and how it can save you up to $1.25 million in tax-free capital gains as of 2025. Jason Pereira, senior partner and financial planner at Woodgate Financial, breaks down the eligibility criteria and tests your business “must meet” to qualify, and how improper planning can lead to costly tax liabilities. Discover actionable steps for structuring your business to maximize tax savings and multiply exemptions across family members.

Tune in to ensure your hard-earned success isn't overshadowed by unexpected tax surprises.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

On today’s episode of Financial Planning for Canadian Business Owners, Jason Pereira interviews Tim Hewson, CEO of LegalWills, an online platform providing millions of users with a simple and accessible solution for creating legal and compliant wills. Tim discusses the importance of having a will, the challenges of estate planning, and how Legal Wills aims to demystify the process.

On today’s episode of FPCBO, Jason talks to Aravind Sithamparapillai, an associate at Ironwood Wealth Management Group. Aravind is known for his unique and novel research on the cost of the Canada Pension Plan, and they will talk about the intricacies of Canada Pension Plan and its often-underestimated value for business owners. During the conversation, Aravind and Jason delve into the comprehensive out-of-pocket expenses for employees, taking into account tax credits and deductions. The dialogue explores the fluctuation in costs depending on income levels and the potential for tax savings.

In today’s episode of FPCBO, host Jason talks to Ron Butler, the founder of Butler Mortgages and a prominent figure in the Canadian mortgage space. Ron, known for his insightful Twitter presence, discusses the impending "perfect storm" of mortgage renewals and the current interest rate landscape in Canada.

In today’s episode of FPCBO, host Jason talks to Sandy Pollack, author of the book "Don't Leave a Mess." The focus of the book revolves around estate planning, emphasizing the crucial distinction between financial thinking and financial planning. Sandy delves into the necessity of understanding both concepts to effectively navigate the complexities of financial management.

On today’s episode of Financial Planning for Canadian business Owners we have repeated guest Scott Terrio, manager of Consumer Insolvency at Hoyes Michalos. Scott is here to discuss the impact of COVID-19 on businesses, focusing on the Canadian Emergency Business Account (CEBA). Jason and Scott will also delve into the economic challenges faced by various sectors and the diverse effects of the pandemic on businesses and the unexpected impacts on certain sectors during different phases.

In today’s episode of Financial Planning for Canadian Business Owners we have Alexandra Moore, CEO and lead strategist at Coach House Marketing. she's also a certified digital advisor and she is here to discuss about Canada Digital Adoption program, a government program that's out there to help businesses adopt digital strategies.

In today’s episode of the FPCBO Jason talks to Luc Lapalme, Senior Principal at Mercer. It is a very large consulting company that consults on various aspects of business. Today he will be discussing about their compensation planning survey, and this is a survey about employers and what they are looking to accomplish or what they are looking to do when it comes to salaries for staff in the coming year.

On today’s episode of Financial Planning for Canadian Business Owners, Jason is going to talk to Alex Kirby, Co-Founder and CEO of Total Family Management. It is a company focused on family coaching and helping families through the dynamics and personalities that are in the family to create better cohesion and better family Wellness and long-term satisfaction for everybody. They explore the challenges of entitlement within family businesses and how purpose can be used to unify the family's values and goals. It also touches on the initial steps of onboarding with Total Family Management.

In this episode of the Financial Planning for Canadian Business Owners Podcast, host Jason Pereira interviews John Stroud, the CEO of AI Guides, an AI strategy and consulting company. The episode focuses on artificial intelligence, particularly generative AI, and how it can benefit businesses of all sizes, including single-person operations. The conversation explores various options available in the AI space to improve business operations.

Jason talks to Jon Shell, the managing director and partner at Social Capital Partners. Jon is an advocate for employee ownership trusts in Canada. The episode discusses what employee ownership trusts are, the benefits they provide to employees, and the challenges faced in implementing them in Canada. The conversation highlights the changes in tax laws related to employee ownership trusts and Canada's first attempt at implementing them.

On today's episode, Jason Pereira is going to talk to Braden Warwick, research associate at PWL Capital. Braden has recently composed a study on optimal compensation savings and consumption for business owners of private corporations. Braden has recently composed a study on optimal compensation savings and consumption for business owners of private corporations.

On today's episode, Jason Pereira is going to talk to Aaron Hector about Canada's newest registered account, the FHSA - The First Home Savings Account. Aaron Hector is a private wealth advisor for CWB Wealth. He works primarily with individual clients and family direct client relationships.

On today's episode, Jason Pereira is going to talk to Matt Lister, CEO of Cloud Advisors. It is a company in the group benefits space, and one of the unique things they have done is they have built a benchmarking system that helps inform business owners as to basically how their plans stack up against competitors in the same space and helps advise around best practices and design. Service is free for employers. Paid by advisors and providers.

On today's episode, Jason Pereira is going to talk to Brian Portnoy, Founder of Shaping Wealth and author of three books, including the must-read advisor book - The Geometry of Wealth. Brian is a well-known expert in the field of behavioral finance, and he will talk about what behavioral finance is and how it affects our decision-making and our relationships with the people advising us.

On today's episode, Jason is going to talk to Christine Brunsden, CEO of Benefits2, a web-based application designed to help people and medical practitioners identify disabilities that qualify for the Disability Tax Credit. It also assists them by saving time and money while increasing the rate of success when applying for the Disability Tax Credit.

On today's episode, Jason Pereira is going to talk to Jamie Hopkins, Managing Partner of Wealth Solutions at Carson Group, a national wealth management firm that offers coaching and partnership to financial advisors. Jamie is a well-known personality in the US Financial advisory space and recently published a book called Find Your Freedom Financial Planning and Life Purpose.