Mind Your Money (Mehul Gandhi)
Explorez tous les épisodes de Mind Your Money
| Date | Titre | Durée | |
|---|---|---|---|
| 31 Aug 2023 | Charitable Donations and Tax Credits | 00:26:01 | |
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. For more information, visit www.westmountwealth.com or contact us at https://www.westmountwealth.com/contact This episode contains the current opinions of the host and guests, and such opinions are subject to change without notice. This material is distributed for informational purposes only and is not intended to provide personalized legal, accounting, tax, or specific investment advice. Please speak to a Westmount Wealth Advisor regarding your unique situation. | |||
| 20 Mar 2024 | A Consumer's Guide to Critical Illness Insurance | 00:45:13 | |
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 explaining about the decision to create the guide and then we get into a detailed discussion on critical illness insurance. A link to the guide: CLHIA-ACCAP - Consumer Information - A guide to critical illness insurance (uberflip.com) For more information, visit www.westmountwealth.com or contact us at https://www.westmountwealth.com/contact This episode contains the current opinions of the host and guests, and such opinions are subject to change without notice. This material is distributed for informational purposes only and is not intended to provide personalized legal, accounting, tax, or specific investment advice. Please speak to a Westmount Wealth Advisor regarding your unique situation. | |||
| 02 May 2024 | Planning Your Retirement | 01:03:44 | |
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. We hope you enjoy the episode! For more information, visit www.westmountwealth.com or contact us at https://www.westmountwealth.com/contact This episode contains the current opinions of the host and guests, and such opinions are subject to change without notice. This material is distributed for informational purposes only and is not intended to provide personalized legal, accounting, tax, or specific investment advice. Please speak to a Westmount Wealth Advisor regarding your unique situation. | |||
| 10 Jun 2024 | Donor Advised Funds: A Better Way to Give | 00:46:14 | |
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! Learn How to Start a Foundation in Canada with Canada Gives Foundation For more information, visit www.westmountwealth.com or contact us at https://www.westmountwealth.com/contact This episode contains the current opinions of the host and guests, and such opinions are subject to change without notice. This material is distributed for informational purposes only and is not intended to provide personalized legal, accounting, tax, or specific investment advice. Please speak to a Westmount Wealth Advisor regarding your unique situation. | |||
| 23 Jun 2024 | Changes to the Capital Gains Tax in Canada | 00:42:53 | |
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, and what Canadian individuals, companies, and trusts need to be aware of. We hope you enjoy the episode! For more information, visit www.westmountwealth.com or contact us at https://www.westmountwealth.com/contact This episode contains the current opinions of the host and guests, and such opinions are subject to change without notice. This material is distributed for informational purposes only and is not intended to provide personalized legal, accounting, tax, or specific investment advice. Please speak to a Westmount Wealth Advisor regarding your unique situation. | |||
| 09 Jul 2024 | The Financial Impact of 'No-Fault' Car Insurance in British Columbia | 00:38:57 | |
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! For more information, visit www.westmountwealth.com or contact us at https://www.westmountwealth.com/contact This episode contains the current opinions of the host and guests, and such opinions are subject to change without notice. This material is distributed for informational purposes only and is not intended to provide personalized legal, accounting, tax, or specific investment advice. Please speak to a Westmount Wealth Advisor regarding your unique situation. | |||
| 01 Aug 2024 | Is Real Estate a 'Good' Investment | 00:46:38 | |
In major Canadian cities like Vancouver and Toronto, real estate has been seen to be a good investment historically because of growing demand, shrinking supply, low interest rates, and easy access to leverage. Most agree that that many Canadian cities have a housing affordability crisis and have put pressure on governments to intervene. Now, in a high-interest rate environment and new government policies on rent control and tenant rights, investing in Canadian real estate may no longer be appealing. Listen as Mehul interviews Keaton Bessey, Managing Broker of Greater Vancouver Tenant & Property Management Ltd. about the reality of investing in Canadian real estate today. For more information, visit www.westmountwealth.com or contact us at https://www.westmountwealth.com/contact This episode contains the current opinions of the host and guests, and such opinions are subject to change without notice. This material is distributed for informational purposes only and is not intended to provide personalized legal, accounting, tax, or specific investment advice. Please speak to a Westmount Wealth Advisor regarding your unique situation. | |||
| 19 Aug 2024 | The Individual Pension Plan: A 'Super-Charged' RRSP? | 00:40:15 | |
Individual Pension Plans (IPP) have been described as corporate RRSP's or 'Super-Charged' RRSPs. They are essentially defined benefit plans for private corporations and incorporated professionals. IPPs are not very popular, but recent tax changes are giving these retirement savings vehicles more attention. Mehul interviews Navaz Cassam, President of the Alberta-based actuarial firm, GBL Inc. on all things IPPs. We hope you enjoy the episode! For more information, visit www.westmountwealth.com or contact us at https://www.westmountwealth.com/contact This episode contains the current opinions of the host and guests, and such opinions are subject to change without notice. This material is distributed for informational purposes only and is not intended to provide personalized legal, accounting, tax, or specific investment advice. Please speak to a Westmount Wealth Advisor regarding your unique situation. | |||
| 25 Sep 2024 | Alternative Minimum Tax Matters | 01:13:46 | |
The Alternative Minimum Tax (AMT) has gone through some changes in the last two years. Mehul interviews tax accountant, Yvonne Chu of Journey Tax Solutions to find out how the changes to AMT affect Canadians. For more information, visit www.westmountwealth.com or contact us at https://www.westmountwealth.com/contact This episode contains the current opinions of the host and guests, and such opinions are subject to change without notice. This material is distributed for informational purposes only and is not intended to provide personalized legal, accounting, tax, or specific investment advice. Please speak to a Westmount Wealth Advisor regarding your unique situation. | |||
| 23 Oct 2024 | What Are You Retiring To? | 00:39:41 | |
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! For more information, visit www.westmountwealth.com or contact us at https://www.westmountwealth.com/contact This episode contains the current opinions of the host and guests, and such opinions are subject to change without notice. This material is distributed for informational purposes only and is not intended to provide personalized legal, accounting, tax, or specific investment advice. Please speak to a Westmount Wealth Advisor regarding your unique situation. | |||
| 06 Dec 2024 | Let's Talk About CPP | 01:02:52 | |
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! Source: Survivor's Pension - Canada.ca For more information, visit www.westmountwealth.com or contact us at https://www.westmountwealth.com/contact This episode contains the current opinions of the host and guests, and such opinions are subject to change without notice. This material is distributed for informational purposes only and is not intended to provide personalized legal, accounting, tax, or specific investment advice. Please speak to a Westmount Wealth Advisor regarding your unique situation. | |||
| 13 Mar 2025 | Do you Need a Holding Company? | 00:54:20 | |
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. Sean shares insights on: If you’re a business owner, incorporated professional, or entrepreneur wondering if a holding company is right for you, this is a must-listen. Plus, Sean’s viral LinkedIn video on this topic is linked in the show notes! 🔔 Don’t forget to subscribe and leave us a review! (2) Shawn Gander, CPA CMA | LinkedIn What is a Holding Company – Benefits, Tax Advantages, and Downsides About Us — Simplify Accounting For more information, visit www.westmountwealth.com or contact us at https://www.westmountwealth.com/contact This episode contains the current opinions of the host and guests, and such opinions are subject to change without notice. This material is distributed for informational purposes only and is not intended to provide personalized legal, accounting, tax, or specific investment advice. Please speak to a Westmount Wealth Advisor regarding your unique situation. | |||
| 03 Apr 2025 | Don’t Let the TOSI Tail Wag the Dog: Income Splitting Insights with @CanadianTaxGuy | 00:47:47 | |
What’s the deal with TOSI? If you’re a Canadian business owner, understanding the Tax on Split Income (TOSI) rules can save you from unintended tax bills — or even a nasty CRA audit. In this episode we sit down with Mohammed Al-khooly, tax expert, Twitter sensation (@CanadianTaxGuy), 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. Expect to learn: ✅ What income splitting is and why it’s a key tax strategy for business owners ✅ How the TOSI rules target certain dividends and partnership income ✅ The exceptions to TOSI that could still work in your favor ✅ The role of excluded shares, excluded businesses, and age-based rules ✅ Why good record-keeping and proactive tax planning are critical Plus, Mohammed shares real-world scenarios and actionable advice to keep your business in the clear. Whether you’re planning for succession, considering dividends, or just want to understand how to navigate TOSI without getting burned, this episode is for you. 🔎 Bonus: Check out the show notes for a link to Kim Moody’s famous TOSI decision tree and follow Mohammed for bite-sized tax tips on Twitter! 🎧 Available now on Spotify, Apple Podcasts, and wherever you listen to podcasts. Kim Moody's Simplified TOSI Flowchart (Tax on Split Income) Tax Cloud Accounting Service in Canada | CoPilotTax Mohammed Al-khooly, CPA, CA, CFP | LinkedIn For more information, visit www.westmountwealth.com or contact us at https://www.westmountwealth.com/contact This episode contains the current opinions of the host and guests, and such opinions are subject to change without notice. This material is distributed for informational purposes only and is not intended to provide personalized legal, accounting, tax, or specific investment advice. Please speak to a Westmount Wealth Advisor regarding your unique situation. | |||