Mike Check 1,2,1,2

Is there a hidden tax bill within your assets? Can you pass down your properties to your children without any tax implications? What about passing down your company, stock portfolio, or crypto portfolio? All this and more is answered in this video. 0:00 Overview of video 0:45 What happens at death? 1:35 Net worth vs Estate worth Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o Apple P...

Should you pay for your life insurance policy corporately or personally? Which way saves you money? Which way can cost you greatly? All this and more is answered in this video. 0:00 Overview of video 0:15 Corporate tax rates 0:35 Personal tax rates 0:58 Comparing both options 1:56 $79,000 in savings Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o Apple Podcasts: https://podcasts.appl...

How much life insurance can $1,000,000 buy you? Why would someone need this much? What are the living benefits of a whole life policy? All this and more is answered in this video. 0:00 Overview of video 0:40 How much insurance can you get? 1:50 How long do you pay for? 3:40 Corporately-paid for 5:20 Tax-free transfer out of corporation 6:56 Living benefits of this policy 10:12 Payment flexibility...

Can you be too young for life insurance? Why would someone in their 20s even get life insurance? All this and more is answered in this video. Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798 Anchor: https://anchor.fm/michael-dutra www.michaeldutra.ca https://www.linkedin.com/in/michaeldutra #taxes #l...

Can you be too old for life insurance? Is it too expensive? What if you've had health issues? All this and more is answered in this video. 0:00 Overview of video 0:29 What question should you ask yourself? 1:00 Your window of opportunity 2:28 Is it too expensive? 2:48 The point of life insurance 4:00 Health issues Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o Apple Podcasts: ht...

Learn how you can pay your taxes with your life insurance policy. In this podcast, I discuss using your life insurance policy to pay for your personal & corporate income taxes, capital gains taxes, and taxes owed in your estate. 0:00 Overview of video 2:00 Personal and Corporate taxes 3:00 Capital gains tax 4:28 Estate taxes 6:30 How life insurance works Spotify: https://open.spotify.com/show/...

What are your biggest cyber risks as a company? What is your cyber credit score? What is your daily cyber hygiene? All of this and more is discussed in this interview with the founder and CEO of Iceberg Cyber and Thecyberscore.com, Michael Bakaic. Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798 Anch...

A fit bit for plants! Never over water or under water your plants again! Hear from the Founder & CEO of EarthOne - Sid Pereira. From fine potting soil to sphagnum moss, EarthOne’s soil moisture sensor reliably and accurately produces moisture readings over time. No matter the plant, its got your back. Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o Apple Podcasts: https://podcast...

This video breaks down Whole Life Insurance and discusses the death benefit, the cash value, and how to use this insurance during your lifetime for tax-efficient income & capital. 0:00 What is whole life insurance? 1:45 Permanent life insurance 2:08 Cash value 4:12 Borrowing against your policy 5:30 Leveraging your policy for personal use Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyR...

What is Critical Illness Insurance? How much do you need? Who needs it? This short video answers all of these questions and more. 0:00 What is Critical Illness Insurance 0:22 What is covered? 1:21 How much do you need? 2:14 100% return of premium Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798 Ancho...

Learn how you can receive a tax-free monthly income to the age of 65 if you become injured or sick and cannot work. 0:00 What is Disability Insurance? 0:15 Job A or Job B? 1:05 How much does it cost? Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798 Anchor: https://anchor.fm/michael-dutra www.michaeld...

What is Term Insurance? How much do you need? Who needs it? This short video answers all of these questions and more. 0:00 What is term insurance 1:00 Why would you need term insurance 2:30 How term insurance works 3:15 Term 20 3:40 Term 10 4:40 How much do you need? Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1...

This episode explains the best and worst ways to buy out your business partners' shares if they suddenly passed away. This unfortunately happens more often than you may think. There is a very cost-effective solution to this massive problem, and in this short video, I explain how. Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o YouTube: https://www.youtube.com/channel/UCpvujpE0yjP...

If you need a large amount of life insurance, but do not want to be out of pocket large insurance premiums, this strategy may be for you. You can buy the life insurance you need, but get your money back right away, so you can continue to make your own investments. Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o YouTube: https://www.youtube.com/channel/UCpvujpE0yjPzxzILTSzeRug Apple P...

If you have the majority of your wealth in your corporation, you need to consider strategies that will help you remove assets tax-free from your corporation when you pass away. Your Capital Dividend Account (CDA) can help you accomplish this. The advice discussed in this video can save you a significant amount of taxes and stress. Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o YouTu...

Do you have 1 will? Have you ever heard about having 2 wills? Sarah Mumtaz of Sarah Mumtaz Law Offices explains what a secondary will is, who may need it, and the benefits it can bring to yourself, your family and your company. Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o YouTube: https://www.youtube.com/channel/UCpvujpE0yjPzxzILTSzeRug Apple Podcasts: https://podcasts.apple.com/u...

Are you a business owner wondering how insurance and taxes can impact your financial security? In this episode, we talk to our financial expert, Michael Dutra, who shares his insights and advice on navigating these complex topics. Michael discusses various types of insurance, including tax-exempt whole life insurance policies, and how they can be beneficial for growing businesses. He also explains...

What is a marriage contract? Who needs a marriage contract? What are the benefits of a marriage contract? All of these questions and much more are answered in this video. Demetre Vasilounis, Associate from Fasken Martineau DuMoulin LLP, shares his expertise on the subject. Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o YouTube: https://www.youtube.com/channel/UCpvujpE0yjPzxzILTSzeRu...

The day is inevitable, a client will pass away. This podcast explains what happens, how you should handle it and some important items to consider from a client and advisor perspective. Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o YouTube: https://www.youtube.com/channel/UCpvujpE0yjPzxzILTSzeRug Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798 A...

There are many ways to finance a real estate transaction. You can rely on a traditional mortgage, private lending, cash or using your life insurance policy. This video explains how you can use a tax-exempt whole life insurance policy to finance your next real estate transaction. Spotify: https://open.spotify.com/show/624XIhn YouTube: https://www.youtube.com/channel/UCpvujpE0yjPzxzILTSzeRug Apple P...

Let's start off by saying 'mortgage' insurance does not exist! It is creditor insurance and your family is not the beneficiary. In this video, I discuss the major risks of creditor insurance and I explain what is the only way you should be insuring your mortgage debt. Spotify: https://open.spotify.com/show/624XIhn YouTube: https://www.youtube.com/channel/UCpvujpE0yjPzxzILTSzeRug Apple...

Most people with real estate portfolios track the fair market value of each property and the purchase price. There is a third, very important calculation you need to consider. How much are your capital gains taxes going to be when you pass these properties down to your children? In this podcast, I explain how to calculate the capital gains taxes, and most imporantly, how to pay for these taxes in...

Can you self-insure and should you self-insure...two very different questions. Many families can self-insure. They have the wealth, assets and resources to financially protect themselves, their family and their corporation if they passed away. But, that does not necessarily mean they should self-insure. This video explains the difference between the two questions and highlights the risks of self-i...

Are you a self-investor? Do you need life insurance but prefer to keep your money for your own investments instead of paying large insurance premiums? This is a strategy that allows you to get the life insurance you need, but keep your money for your own investments. Spotify: https://open.spotify.com/show/624XIhn YouTube: https://www.youtube.com/channel/UCpvujpE0yjPzxzILTSzeRug Apple Podcasts: htt...

Despite the health issues you've had, there may be a strategy to get yourself on a life insurance policy with your spouse. Learn about the benefits that a joint life insurance policy can offer you and your family. Spotify: https://open.spotify.com/show/624XIhn YouTube: https://www.youtube.com/channel/UCpvujpE0yjPzxzILTSzeRug Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-...