beyond MD with Dr. Yatin Chadha

Dr. Yatin Chadha hosts Jean-Pierre Laporte (CEO Integris Pension Management Corp) to discuss the personal pension plan (PPP).This is highly relevant and under discussed material for any incorporated professional/small business owner.Discussion points include:Review of basic IPP (individual pension plan) conceptsPPP account structure (3 accounts)- Defined benefit account (DB)- Defined contribution account (DC)- Additional voluntary contribution account (AVC)Age benefit of PPPs (no need to wait until age 40)- ability to contribute to DC and AVC accounts before age 40Additional tax sheltering advantages compared to IPP- RRSP double dip- flexibility in contributions through DC and AVC accounts- ability to make contributions even when DB account is in surplus- benefit/strategy of holding low yielding investments in the DB account (accruing special payments)- benefits of PPP in wealth transfer/estate planningFiduciary oversight with PPPWhy the PPP is under discussed in personal finance

Dr. Yatin Chadha hosts Jean-Pierre Laporte, BA, MA, LLB, RWM, CEO at Integris Pension Management Corp to discuss Individual Pension Plans (IPP)This is an under-discussed topic in personal finance and is highly relevant to all incorporated professionals.The discussion includes:General- overview- eligibility, ideal candidateFunding and Tax Advantages- work around for passive income rules- increased contribution room relative to RRSP- tax deduction for investment management fees- access to additional investment instruments- special payments- terminal funding- income splitting- rolling over the RRSP into IPPLimitations- age- cost- diversification rules

Dr. Yatin Chadha hosts Sue Ennis, head of investor relations at Hut 8 mining corporation. Sue has 4 years of dedicated experience in the crypto space with previous roles at Shyft Network (senior vice president, global partnerships) and Coinsquare (director).The aim of the episode is to help listeners gain basic knowledge of bitcoin, its emerging role in the financial industry, and understanding it as a potential investment.Disclaimer: I do not provide investment advice, nor do I tell anyone to invest in cryptocurrency.  Please conduct your own due diligence :)Episode covers:Crypto 101- what is bitcoin?- what are the benefits of bitcoin?- factors driving demand - blockchain fundamentals- is bitcoin scalable?- which areas in the world is bitcoin acceptance accelerating fastest?- will bitcoin accompany fiat currencies or eventually replace them?Bitcoin headwinds/challenges- competition from other cryptocurrencies - security/hacking- government intervention/regulation- impact of digital currencies- impact of tether stablecoin- illicit activity (myth?)Bitcoin mining- understanding the business model- streams of income- hut8 vs other miners- is mining centralized (myth?)- mining carbon footprintInvesting in bitcoin - coin exchanges - roboadvisors, ETFs, fees- proxies for getting into bitcoin (miners etc)- security issues, wallets

Dr. Yatin Chadha hosts Tim Cestnick, FCPA, FCA, CPA(il), CFP, TEP, to discuss RRSPs for incorporated small business owners.Tim Cestnick is well known as one of Canada’s most respected voices in tax, personal finance, and wealth management. He is CEO and co-founder of Our Family Office, a leading wealth advisory firm for high earning Canadians. Tim writes a weekly column in the Globe and Mail called "Tax Matters".Topics discussed:- big picture: do incorporated professionals benefit from RRSPs?- ideal assets for RRSPs- RRSPs vs IPPs (individual pension plans)- spousal RRSPs- pros and cons of RRSPs- unique RRSP strategies- common RRSP mistakes- in kind RRSP contributionsPlease send any questions to beyondmdpodcast@gmail.com

Yatin Chadha interviews 2 former colleagues, Dr. Aaron Hall and Dr. Khalil Jivraj, both of whom are successful DIY investors.Aaron has been investing since before the dot-com bubble and uses only 3 ETFs. Khalil's approach incorporates stocks and ETFs.Points covered:- the importance of minimizing investment fees- the power of passive ETF investing- factors to consider when picking an ETF- basic strategies for holding individual stocks- certain pitfalls of stock picking- lessons learned from March 2020- lessons learned from the financial crisis- biggest winners, losers, lessons- useful resources and advice for DIY investorsPlease send any questions to beyondmdpodcast@gmail.com

2020 will go down in history for many reasons, including the fastest bear market and recovery for stocks. There are many lessons to be learned. Yatin Chadha interviews Andrew Iu from Burgundy Asset Management. Andrew manages the firm's small cap fund and builds and develops the firm's team of analysts in his role as research director. Andrew is also a former analyst at Goldman Sachs.Topics covered include: - current market trends, including impact from Covid-19 and valuation- the role of bonds- investing in ETFs vs stock picking- how to evaluate a company- pearls for dividend investing- common mistakes by DIY investors- considerations for investing beyond the S&P500- investing themes for the future

Yatin Chadha hosts Elan Weintraub, co-founder and director of the Mortgage Outlet, one of the largest private mortgage brokerages in Canada and recipient of numerous industry awards. Elan is known for his no-nonsense straight talk and discusses the following: advantages offered by brokerages, forces influencing mortgage rates, current rate environment and when changes may happen, factors to consider when deciding on variable vs fixed mortgages, what to expect when converting a variable rate to fixed, HELOCs (home equity line of credit), updates in the mortgage world, and considerations to keep in mind when deciding whether to break a mortgage and lock in a new rate.

Dr. Yatin Chadha interviews Jamie Golombek, managing director of tax and estate planning from CIBC. Jamie Golombek is a very well respected voice on personal and corporate tax matters for professionals. Topics covered: corporate vs RRSP investing, how to structure corporate investments for tax efficient returns, tax treatment of various types of corporate investment income (including foreign income), ways to work around the new passive income rules for corporate investment income, and more. Have you had the following questions: where should I be holding foreign dividend earning stocks and should I be paying out Canadian dividends from my corporation? Also more on the prescribed rate loan. Direct any inquiries to beyondmdpodcast@gmail.com

Yatin Chadha hosts Joe Fazio and Kristen Fazio from Professionals' Insurance Centre to discuss disability and life insurance policies (including whole life insurance). Joe Fazio has been in the insurance industry since 1981 and has developed a thorough understanding of the financial needs for physicians, which is his primary area of focus. Kristen Fazio has dedicated her career to educating young medical professionals and focuses on providing customized recommendations to her clients beginning in medical school all the way through to retirement. Please note, the content in this episode is very relevant to all professionals, including non-physicians. The discussion includes understanding important riders in disability insurance policies, understanding the factors at play when deciding how much term life insurance to purchase, and better understanding the components of whole life insurance (including universal life insurance) and when these products are useful. Please send any questions or topics of interest to beyondmdpodcast@gmail.com.

In this engaging discussion, Ali Spinner, a chartered accountant with 19 years of tax expertise at Crowe Soberman, breaks down the essentials for medical professionals considering incorporation. He delves into the timing for setting up a corporation and the advantages of salaries versus dividends. Ali also sheds light on effective retirement planning using RRSPs and corporate investments, alongside strategies for utilizing corporate funds tax-efficiently. Listeners will gain valuable insights into navigating shareholder loans and maximizing tax benefits in a shifting economic landscape.