Mike Check 1,2,1,2

When was the last time you completed an estate tax analysis? Taxes owed by your estate can arise from a range of assets, including real estate, stocks, corporations, private investments, RRSPs, RRIFs, and more. These taxes can be substantial and often go "unseen," potentially catching people off guard without professional advice and careful planning. If you need an estate tax analysis co...

When was the last time you did a corporate cash flow analysis? It is imperative that you track your active business income, investment income, dividends, expenses, and ensure you are not paying more taxes than necessary. If you need a corporate cash flow analysis for your company, please reach out to me. michael@dutrawealth.com www.dutrawealth.com https://www.linkedin.com/in/michaeldutra Spotify:...

Do you have a company organizational chart? I cannot overstate the importance of having your operating company, holding companies, trusts, shareholders, and more, all organized on a well-designed one page document. If you need a custom-designed company organizational chart for yourself, please reach out to me. michael@dutrawealth.com www.dutrawealth.com https://www.linkedin.com/in/michaeldutra Spo...

Whole life insurance for business owners 0:00 Intro 0:25 Example 1:03 Capital Dividend Account 2:25 Taxes saved www.dutrawealth.com https://www.linkedin.com/in/michaeldutra Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798 #business #consulting #corporation #realestate #estate #children #family #taxes...

In this video, I provide examples of how much your estate taxes may be and provide solutions to pay for this tax bill. 0:00 Introduction 0:20 $1,000,000 tax bill example 2:20 Solution Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798 www.dutrawealth.com https://www.linkedin.com/in/michaeldutra #estate...

2024 Federal Budget: Capital Gains Tax increase for individuals. The 2024 Federal Budget proposes to increase Capital Gains Tax for personal assets from 50% to 66% (2/3) on capital gains of $250,000 and more. For capital gains taxes under $250,000, the current 50% tax on capital gains remains the same. In this video, I provide examples of how much these additional taxes may be for you and provide...

2024 Federal Budget: Capital Gains Tax increase for business owners. The 2024 Federal Budget proposes to increase Capital Gains Tax for business owners from 50% to 66% (2/3). In this video, I provide examples of how much these additional taxes may be for you and provide solutions to pay for this tax bill. 0:00 Introduction 0:39 Example 4:55 Solution Spotify: https://open.spotify.com/show/624XIhnIu...

Key Man coverage for Business Partners. One of the most stressful financial situations you can ever face is the premature passing of one of your business partners. How are you going to buy out their shares? I explain the worst and best ways to buy your partner out and protect everyone's shares. 0:00 Introduction 0:30 $10,000,000 valuation 1:08 Solution 2:32 Capital Dividend Account Spotify: ht...

Should you have a holding company? 0:30 Corporate tax rates 1:00 Lifetime Capital Gains Exemption 2:25 Hold co 2:48 Assets in hold co 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.dutrawealth.com https://www.linkedin.com/in/michaeldutra #business #consul...

The value of Bitcoin has dramatically increased this year. If you hodl Bitcoin, how much are your taxes going to be? 0:39 How much tax? 3:08 Future taxes 4:00 Solutions 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.dutrawealth.com https://www.linkedin.co...

Did you know you can insure your net corporate income? Depending on several factors such as age, occupation, and net corporate income, you can be eligible to receive up to $300,000/year in tax-free payments if you become injured or sick and cannot work. Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id160802879...

Would you pick Job A or Job B? 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 #business #consulting #corporation #realestate #estate #children #family #taxes #lifeinsurance #businessowner #taxes #in...

Do you know what a tax-free capital dividend is? If you have a credit to your capital dividend account, you can pay tax-free capital dividends out of your corporation. In this video, I explain how you can credit your corporation's capital dividend account, allowing for tax-free capital dividends to be paid. 0:00 What are capital dividends? 1:26 Real estate example 3:05 Life insurance example 6...

Will you qualify for the $1,016,836 lifetime capital gains exemption (LCGE)? The CRA has very strict guidelines on qualifying. It's a very costly mistake to make if you are offside. 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:...

I break down how my corporately owned life insurance policy will allow tax-free capital dividends to be paid out of my corporation. 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 #business #parent #...

I saved $78,278 in premiums on my $3,000,000 life insurance policy because I'm in good health, here's how I did it... 0:00 Overview of video 2:22 What medical tests did they do on me? 3:10 I saved $78,278 in premiums 4:20 My message for you Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o Apple Podcasts: https://podcasts.apple.com/us/podcast/mike-check-1-2-1-2/id1608028798 Anc...

I've had 4 prospects die while discussing their life insurance. 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 #healthy #parent #kids #children #family #taxes #lifeinsurance #business #businesso...

In 14 years, unfortunately, 4 of my clients died. 0:00 Overview of video 1:00 Did John have enough life insurance? 2:05 Do you have house insurance? 4:40 Choosing your life insurance advisor 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 h...

Buying life insurance can be an emotional rollercoaster. No one likes talking about dying, but sometimes you have to. There are two main categories of people when it comes to buying life insurance. Which category are you in? 0:00 Overview of video 0:30 Two types of people 2:05 The roller coaster approach 3:30 The turning point 4:58 Making incremental progress Spotify: https://open.spotify.com/show...

You don't automatically qualify for life insurance. In fact, many people can't get life insurance because of health issues. Life insurance is a privilege and in this video, I share some tips about applying for life insurance. 0:00 Overview of video 3:15 I've had 4 clients die 4:30 You can't buy your way to life insurance 5:25 Doing blood work 7:44 Making your case 8:50 Reducing you...

You and I have little ones relying on us. Don't forget, it's health AND wealth, not health OR wealth. You need to protect both. 0:00 Overview of video 0:25 Health & wealth 1:30 Seeing your doctor 2:48 Having a heart attack 4:45 Protect your income 5:37 What if you die? 5:57 Should you self-insure? 7:32 How to apply for life insurance Spotify: https://open.spotify.com/show/624XIhnIuWtQ2...

Wealth is nearly impossible to enjoy if you aren't in good health, and if you aren't in good health, it's nearly impossible to accumulate wealth. The two are completely intertwined. What is your game plan to elevate your health & wealth in 2024? 0:00 Overview of video 0:45 72 Hour fast 1:40 Working out 3:10 Alcohol at a lunch meeting 4:00 Wealth protection Spotify: https://open.spo...

How did 2023 go? Did you accomplish your health & wealth goals? Did you get halfway through some? Did you push some off for 2024? Here's a breakdown of some of the most common goals I talked about with my friends, family, and clients. 0:00 Overview of video 0:38 Your will 2:08 Your life insurance 3:04 Your health Spotify: https://open.spotify.com/show/624XIhnIuWtQ2iyRhrnO9o Apple Podcasts:...

In 2 months, my son will be born. One thing I will be doing for him financially speaking, is buying a Whole Life Insurance policy on him. I thought it would be a good idea, parent to parent, to explain why I am doing this and what the benefits will be for my child and potentially yours. 0:00 Overview of video 0:50 My main reason 1:26 Features of a whole life policy 2:57 How much does it cost? Spot...

Dividends and salary are the trwo common ways most business owners think of when it comes to taking money out of their corporation. There is a 3rd, very tax-efficient way, to create tax-efficient income for yourself and it involves a corporately-owned whole life insurance policy. 0:00 Overview of video 1:00 Business owner example 1:44 Features of a whole life policy 5:30 Tax-efficient income 8:20...