beyond MD with Dr. Yatin Chadha

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.

Medical professionals typically begin earning later than their peers and are usually not adequately exposed to financial topics during training. Beyond MD is led by Dr. Yatin Chadha and guided by expert analysis. Each episode, Yatin interviews accountants, lawyers, brokers and advisors to heighten awareness on important topics like professional corporations, holding companies, estate planning, insurance policies, and investing. It's time to take your financial knowledge base to the next level so you can get ahead outside of the workplace. Please send questions and topics of interest to Beyondmdpodcast@gmail.com.