Search a title or topic

Over 20 million podcasts, powered by 

Player FM logo
Artwork

Content provided by Yatin Chadha. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Yatin Chadha or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Player FM - Podcast App
Go offline with the Player FM app!

Ep #98 - Death and Taxes for Incorporated Professionals in Canada - with Mehul Gandhi, CFP, CLU, TEP

51:14
 
Share
 

Manage episode 502917582 series 2786045
Content provided by Yatin Chadha. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Yatin Chadha or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Today I welcome Mehul Gandhi (CFP, TEP, CLU) from Westmount Wealth to discuss death & taxes for incorporated small business owners in Canada.

The episode is broken down into 3 parts:

- the layers of tax facing the estate upon death of an incorporated professional

- strategies to mitigate the tax hit

- who can help us & the importance of updating our wills

Discussion points:

Introduction (3:05)

The layers of tax on one's estate after an incorporated business owner passes away (6:08)

How much tax can our estate face with no planning? (18:00)

Estate freezes (19:18)

First post mortem tax reduction strategy - loss carryback (22:03)

Pipeline strategy (24:34)

Why it's important to keep our wills updated (27:30)

Corporate share structure (30:24)

Insurance to navigate illiquidity challenges (35:42)

Who needs a holding company? (40:32)

Tax reduction with proper planning - how much? (43:04)

Help us with estate planning - who? (45:05)

Closing thoughts (47:45)

Mehul Gandhi

https://www.linkedin.com/in/mehulgandhicfp/

[email protected]

https://www.westmountwealth.com/

Yatin Chadha

beyond Radiology:

https://beyondradiology.thinkific.com/products/courses/ct-head-interpretation-course

https://beyondradiology.thinkific.com/courses/master-ct-head-interpretation-course

Email: [email protected]

LinkedIn: Yatin Chadha

  continue reading

100 episodes

Artwork
iconShare
 
Manage episode 502917582 series 2786045
Content provided by Yatin Chadha. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Yatin Chadha or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Today I welcome Mehul Gandhi (CFP, TEP, CLU) from Westmount Wealth to discuss death & taxes for incorporated small business owners in Canada.

The episode is broken down into 3 parts:

- the layers of tax facing the estate upon death of an incorporated professional

- strategies to mitigate the tax hit

- who can help us & the importance of updating our wills

Discussion points:

Introduction (3:05)

The layers of tax on one's estate after an incorporated business owner passes away (6:08)

How much tax can our estate face with no planning? (18:00)

Estate freezes (19:18)

First post mortem tax reduction strategy - loss carryback (22:03)

Pipeline strategy (24:34)

Why it's important to keep our wills updated (27:30)

Corporate share structure (30:24)

Insurance to navigate illiquidity challenges (35:42)

Who needs a holding company? (40:32)

Tax reduction with proper planning - how much? (43:04)

Help us with estate planning - who? (45:05)

Closing thoughts (47:45)

Mehul Gandhi

https://www.linkedin.com/in/mehulgandhicfp/

[email protected]

https://www.westmountwealth.com/

Yatin Chadha

beyond Radiology:

https://beyondradiology.thinkific.com/products/courses/ct-head-interpretation-course

https://beyondradiology.thinkific.com/courses/master-ct-head-interpretation-course

Email: [email protected]

LinkedIn: Yatin Chadha

  continue reading

100 episodes

All episodes

×
 
Loading …

Welcome to Player FM!

Player FM is scanning the web for high-quality podcasts for you to enjoy right now. It's the best podcast app and works on Android, iPhone, and the web. Signup to sync subscriptions across devices.

 

Copyright 2025 | Privacy Policy | Terms of Service | | Copyright
Listen to this show while you explore
Play