Legacy: The Business Succession Podcast

Turning business revenues into income that you can invest, leading to long-term wealth should be the goal of every business owner. If you're ready to take your business to the next level, you need to stop working as an employee within your business and start focusing on being an investor instead. Topics discussed on this episode: - Is there a need to incorporate your business? - Are you posit...

You've heard these quotes before: 'cash is king', 'the number one reason that businesses fail is due to cash flow issues'. The first aspect of the 'Planning Process' looks at the fundamentals of your business and helps you ensure that you are building a strong foundation to work from and ultimately generate wealth. ------------------------------------------------...

According to Investment Executive, individuals in 8 of 10 provinces face top tax rates exceeding 50% in 2024. In Alberta, income in excess of $355,000 in 2024 will expose you to the top rate of 48%. This podcast will look at the benefits of donation over taxation and how you can use donations to reduce your tax burden, support an organization that you value and take back some of the control that t...

The opportunity to create additional income by renting your property or basement suite through Airbnb or similar platforms has become increasingly popular in recent years. If you are generating income through Airbnb, it is important to understand your tax & GST/HST considerations, reporting requirements and the expenses that can be applied against this income. This episode of the podcast will...

On this episode, Jared looks at the Liberal government's proposed hike in the capital gains inclusion rate. - What does this mean for you personally? - What about your business? - Should you take action before June 24/24? - Steps you should take in response to the budget announcement. #legacytax #legacy #tax #cpa #accountant   #familybusiness #reddeer #didsbury #trochu #alberta #buildyourlega...

On this episode, Jared highlights some of the biggest items impacting your 2023 personal tax return. If you haven't filed your return yet (or you want some advice for 2024), you won't want to miss this episode. Discussion topics: - Working from home - Real estate cautions - Real estate possibilities - Increased interest rates - Underused Housing Tax - Bare trust reporting #legacytax #leg...

According to recent statistics, 22 million Canadians have some kind of life insurance policy in place. Are you one of them? On episode #37 of the Tax Talk Podcast, Jared sits down with Colleen Gillam-Judd with IG Wealth Management to discuss the importance of having the proper insurance policy in place to protect your business and most notably, your financial legacy. Some of the topics discussed a...

According to recent statistics, nearly 70% of business owners do not have a succession plan in place. Additionally, over $2 trillion in business assets could change hands over the next decade in Canada. On episode #36 of the Tax Talk Podcast, Jared sits down with Stephen van Santen of Bridgeline Wealth Strategies to discuss the importance of having a succession plan in place. Some of the topics di...

Regardless of your age, how long your business has been operating or any other factor you can think of, you are in the PLANNING PROCESS journey. Everyone is at a different stage and has different goals. With that in mind, why not put a plan in place that helps you capitalize in the following four areas: - Business - Wealth - Pension - Estate Engaging in the PLANNING PROCESS can provide a wide rang...

As another year ends, it is important to review your finances and see if there are ways to improve your tax position heading into the new year. This year has been marked with significant volatility and rising interest rates & inflation should be top of mind in your tax and financial planning. Top issues to consider heading into 2024 - Tax deadlines - Investment goals - Family situation - Retir...

If you consistently make large donations each tax year and receive income via tax efficient sources (capital gains, employee stock options, etc.) or claim certain deductions (interest expense, certain employment expenses, etc.) you might be in for a unpleasant tax surprise in 2024 and subsequent years. On this episode, Jared explains how the Alternative Minimum Tax regime currently works, the expe...

On this episode, Jared chats with Garth Epp. Garth is a growth-minded, strategic thinker, who never settles in the success of yesterday but always builds into the future. Life flows though Garth, to inspire and empower people who desire to move past their limiting beliefs to realize their true potential.   Some of the topics discussed in the episode: 🎙️ Motivation. Why it’s so important for busine...

On Oct 18th I had the honour of co-presenting at an estate planning seminar at the Innisfail Golf Club. If you missed the event or want to review some of the information that was discussed, you are in luck as this episode of the podcast is live from the seminar! Myself, Stephen van Santen and Caleb Henry chatted about the 6 most significant estate planning pitfalls and steps that you can take to a...

On this episode, Jared chats with Melanie Mitchell-Epp. Melanie asked to join the podcast in an effort to promote an estate planning seminar that Jared is co-hosting on Oct 18th at the Innisfail Golf Club at 7pm. She felt it was important to share her personal story with respect to a couple of estates she has recently been involved with to help listeners better prepare for when they experience a s...

On this episode, Jared chats with Dan Anders. Dan is a Certified Financial Planner and a Trust and Estate Practitioner through STEP Canada. After tragically losing his father in a fatal car accident at the age of 10, it is notable that Dan decided upon a career in the insurance and estate planning industry at the age of 25. He saw first-hand the struggles that inadequate planning can cause the fam...

On this episode, Jared chats with Justin Lamb. Justin is a Chartered Professional Accountant, Chartered Business Valuator and a founding partner with Jones & Lamb LLP. Since 2014, Justin has been working in the field of financial litigation support and business valuation. In early 2022, Justin and his business partner, Mark Jones, started Jones & Lamb LLP in Edmonton, AB. Jones & Lamb...

On this episode, Jared chats with Stephen van Santen. Stephen van Santen has been a wealth advisor with Bridgeline Wealth since 2020. He focuses his time working with families, private corporations, estates and family farms. He is always learning and educating himself to better serve his clientele and particularly likes helping people navigate the complexities of estate matters and planning for th...

On this episode, Jared chats with Colleen Gillam-Judd. Colleen is a Certified Financial Planner with IG Wealth Management. For over 15 years, Colleen and her team have been creating a space for high achieving Canadian families to find financial freedom, security and clarity. Colleen prides herself on clearly presenting financial options in accordance with client goals, while always working to pres...

On this episode, Jared chats with Garth Epp. Garth is a growth-minded, strategic thinker, who never settles in the success of yesterday but always builds into the future. Life flows though Garth, to inspire and empower people who desire to move past their limiting beliefs to realize their true potential. Some of the topics discussed in the episode: 🎙️ At the core sales is . . .  Are customers buyi...

On this episode, Jared chats with Bryce Kander.  Bryce is a realtor with Realty Executives Alberta Elite. He has been INVESTMENT MINDED and interested in real estate from a young age and can see future potential in land and people when others can’t.  Bryce loves helping people find long term success, especially through purchasing suited properties.   Some of the topics discussed in the episode: 🎙️...

On this episode, Jared chats with Stephen van Santen. Stephen van Santen has been a wealth advisor with Bridgeline Wealth since 2020. He focuses his time working with families, private corporations, estates and family farms. He is always learning and educating himself to better serve his clientele and particularly likes helping people navigate the complexities of estate matters and planning for th...

On this episode, Jared chats with Garth Epp. Garth is a growth-minded, strategic thinker, who never settles in the success of yesterday but always builds into the future. Life flows though Garth, to inspire and empower people who desire to move past their limiting beliefs to realize their true potential.  Some of the topics discussed in the episode: 🎙️ Your business & life cannot outgrow the l...

On this episode, Jared chats with Justin Lamb. Justin is a Chartered Professional Accountant, Chartered Business Valuator and a founding partner with Jones & Lamb LLP. Since 2014, Justin has been working in the field of financial litigation support and business valuation. In early 2022, Justin and his business partner, Mark Jones, started Jones & Lamb LLP in Edmonton, AB. Jones & Lamb...

On this episode, Jared chats with Colleen Gillam-Judd. Colleen is a Certified Financial Planner with IG Wealth Management. For over 15 years, Colleen and her team have been creating a space for high achieving Canadian families to find financial freedom, security and clarity. Colleen prides herself on clearly presenting financial options in accordance with client goals, while always working to pres...

 On this episode, Jared discusses what you should be doing when CRA comes calling.   🎙️ Topic 1 – responding to a CRA audit -          Be prepared. -          CRA’s audit powers. -          Time period of an audit. -          Deadlines. -          How to treat an auditor.   🎙️ Topic 2 – proactive steps you can take -          What is audit insurance? -          Is it right for you? #podcast #TaxTa...