Financial Planning For Canadian Business Owners

Today is the third part of a series that Jason is doing on understanding financial statements. Today, is about accounting ratios. Accounting ratios are used to analyze your business in several different ways. First, it’s helpful to track the performance of your business in multiple different facets, from its solvency to its profitability to its efficiency. It also is a valuable tool if you can com...

Today is the second part of the continuation of a series that Jason is doing on understanding financial statements and some of the data. Today, Jason will move on to a couple of other less common reports and is going to look for the cash flow statement; this is not required for tax purposes, but every accounting software should be able to produce one of these.  Episode Highlights: 01:25 A cas...

Jason Pereira reviews financial statements, how to read them properly, & what different terminologies mean. There are all kinds of rules about how depreciation impacts different types of business, and it’s also known as capital cost allowance in Canada. Today, Jason will discuss income statements, balance sheets, cash flow statements, and ratios. Episode Highlights: 01.26: The balance sheet is...

On today’s episode, Jason Pereira will be reviewing the federal budget for 2022, and the reason is that when it came out a couple of days ago, there was a lot to go through. There are 17 key personal, and corporate points that he thinks are worth accounting for.  Episode Highlights: The first big change is the addition of the tax-free first home savings account. This new account will help Can...

Today’s guest is Anna Malazhavaya, a tax lawyer and Advotax Law Professional Corp founder. Anna is an expert in dealing with problems involving audits. Jason and Anna are going to talk about what it means to go through an audit and what the reality of it is.   Episode Highlights: ·  You don’t need to be doing something wrong to be selected for an audit or free audit to go up really...

Today, Islamic finance and the challenges it brings to people who follow that faith, particularly business owners, and how those restrictions around Islamic finances can be adapted to many of our current financial structures that are not supportive of it. But there are options, and to discuss that, we have Mohamad Sawwaf, co-founder of a company called Manzil.  Episode Highlights: 02.00: Isla...

Jason talks to Robb Engen, the Fee-only Financial Planner and Blogger at Boomer and Echo. Robb is a well-known voice in the Canadian financial blogosphere, and he has run a blog for 11 years and is one of the recognized voices in Canadian online finance. Episode Highlights: 01.35: Robb has run the Boomer and Eco personal finance blog since 2010. About six years ago, he started a fee-only financial...

Jason speaks with David Pullara, a marketing instructor and brand-building expert who's worked with companies like Starbucks, Coca-Cola, and Google. David Pullara is a senior business leader with over 20 years of diverse experience in marketing strategy, brand management, and product innovation. He's spent 12 years of his career to date working with four world-renowned, consumer-centric, Fortune 5...

Jason talks to Betsy Ehrenberg, the CEO and founder of Legacy Concierge. Legacy Concierge is a service that helps people deal with digital assets after death. This is a newer problem in state planning, but one that cannot be underestimated.  Episode Highlights: 01.00: Betsy talks about how she enjoys talking about how people protect their assets and explain what digital assets are because the...

Jason talks to Kyley Paul; a business coach and CEO of coaching with Kyley. In today’s show, they are specifically going to talk about vision planning for business owners and what that means.  Episode Highlights: 01.40: Jason inquires, “What is this abstract concept vision planning in actuality?”  01.50: Kyley has been in business for seven years, building and scaling her businesses from...

In today’s episode, Jason is going to talk to Tom Seegmiller; he is the VP of Financial Planning Analysis for Vena Solution. Most companies tend to have a centralized finance function which means finance rules up within the finance organization as opposed to sitting within the business with business owners or think of general managers or functional owners. Episode Highlights: 01.06: Tom acts as a...

In today’s episode, Jason is going to talk to Fabio Campanella of the Campanella group. Fabio is a taxation and state planner and is associated with the Capital Group, a professional corporation registered with CPA Ontario.  Episode Highlights: 1.10: Fabio is going to talk about what the realities are when it comes to cryptocurrency transactions. 2.08: Fabio says this is a new asset class, an...

In today’s episode, Jason Pereira talks to Ellen Swan. She is a Barrister and Solicitor at Caravel Law. Ellen has a specialization in HR Law, and Jason brought her on the show to talk about best practices when bringing on, maintaining, and firing your staff and even addressing what to do during Covid with some of these more interesting cases for dealing with. Episode Highlights: 1.01: Ellen suppor...

In today’s episode Jason Pereira talks to his friend and colleague John DeGoey. Together they are going to discuss “What to look for when hiring financial advisor? John is a well-known pundit in the industry and author of several books, specifically - The Professional Financial Advisor.  Episode Highlights: 00.56: John has been an advisor for 28 years. He has written a couple of books and art...

On this episode of Financial Planning For Canadian Business Owners, Jason Pereira talks to Matthew Inglis. He is the founder of Creditor Insurance Watchdogs, which is division of Mobile Advisors. Matthew specializes in educating people and providing tools for people to get better rates and better coverage on their various forms of creditor insurance. Episode Highlights: 01.38: Matthew is a life an...

On this episode of Financial Planning For Canadian Business Owners, Jason Pereira talks to Chris Sabat - General Counsel McMillan Estate Planning. Today Chris is going to talk about a deeper dive into statement freezes. We have covered a freeze in the past, but specifically today, we are going to go over a little bit more around the thinking and the mechanics of how you execute an estate freeze an...

In today’s episode, Jason is going to talk to Alexandra MacQueen. She is a well-known financial author and co-conspirator of many different projects. Today Jason and Alexandra are going to zero in on a core issue of retirement for any generation. Episode Highlights: 1.19: For the last few years, Alexandra has focused on providing quality content; this is the new word that people use now.  1.3...

In today’s episode, Jason and Guest Parham Nasseri is going to discuss a bit different subject. They are going to talk about the implementation of something known as client-focused reforms. This is one of the biggest series of regulatory changes to happen in the investment industry in Canadian history. While the average consumer may not really have an understanding for what’s going to happen or kn...

In today's episode Jason and Kim are going to talk on a topic that has been in the news recently the Bill C-208. It is a private member's bill that amends the Income Tax Act (Canada) (ITA) in an attempt to alleviate the financial disadvantage that typically arises for taxpayers who sell their business, family farm or fishing corporation to their children or grandchildren, as compared to selling to...

In this episode host, Jason Pereira talks with David Prowse of Velorum Business Advisory. Today Jason and David are going to talk about “How to make the most of your business valuation.” Episode Highlights: 1.15: David says that his business is centered around an exit planning business that does a little bit of valuation and corporate financing. 1.34: David is a Canadian CPA, most of his early car...

In this episode host, Jason Pereira talks with authors of the book 5th edition of the Boomers Retire - David Field and Alexandra Macqueen.   Episode Highlights:  1.16: Alexandra says she is a Certified Financial Planner since 2006. Earlier she worked as a financial advisor with an insurance license.  1.20: In 2008, Alexandra took a step back and realized what she like about finance...

In this episode host, Jason Pereira, talks with Justin Abrams who is a partner with Kraft Berger LLP. Justin is a tax expert, and he is here to talk about the implication of expatriates.  Episode Highlights: 1.10: Justin says he is a tax partner at Kraft Berger LLP in Toronto, advising and managing clients.   2.38: Jason asks Justin, “From your standpoint what is the first thing peo...

In this episode of Financial Planning for Canadian Business Owners, the host, Jason Pereira (Award-winning Financial Planner and Entrepreneur) talks to Paul Nazareth (Vice President of Education Development for The Canadian Association of Gift Planners) about charity and financial planning for business owners. He also shares his thoughts about tax benefits. Episode Highlights: 01:55: Tax system of...

In this episode, host Jason Pereira talks about a non-financial planning related topic. Today’s episode is targeted towards Corporate Wellness. Anna Spivak is invited to discuss on the stress faced by business owners and how to overcome it.    Episode Highlights:  01.22: Anna talks about her individual coaching experience. She is actively working with companies to promote overall co...

In this episode host, Jason Pereira talks with Susan O’Brien Founder and Author of Net Worth Thinking. They especially talk about decisions and discussions surrounding money with smaller kids. Episode Highlights: 01.35: Susan O’Brien talks about “How she guides families through deep, meaningful conversations.” 01.57: Susan has seen that people want to be independent and want to take care of their...