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Mike Check 1,2,1,2

by Michael Dutra

Join me on Mike Check 1,2,1,2, for insightful videos covering finance, business, and strategies aimed at protecting your wealth and health.On a personal note, I am the proud father of two boys and one girl. Professionally, I am the Chief Executive Officer of The Dutra Wealth Management Group, operating across Ontario, Alberta, and British Columbia. I am also an Advisor to the Sick Kids Foundation, something I take great pride in. My professional designations include: Trust and Estate PractitionerChartered Life UnderwriterCertified Financial Planner [email protected]

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Episodes

  1. How much will your estate taxes be?

    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...

  2. Corporate cash flow analysis

    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…

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  3. Do you have a company organizational chart?

    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...

  4. Whole life insurance for business owners

    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:...

  5. How much are your estate 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:...

  6. 2024 Federal Budget: Capital Gains Tax increase for individuals.

    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...

  7. 2024 Federal Budget: Capital Gains Tax increase for business owners.

    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...

  8. Key Man coverage for Business Partners.

    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....

  9. Should you have a holding company?

    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:...

  10. Bitcoin Taxation Explained: Essential Guidelines for Traders

    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:...

  11. Insuring your net corporate income

    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:...

  12. Job A or Job B?

    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...

  13. What are tax-free capital dividends?

    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…

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  14. How to qualify for the $1,016,836 lifetime capital gains exemption

    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:...

  15. The tax benefits of my life insurance policy

    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:...

  16. How I saved $78,278 in premiums on my $3,000,000 life insurance policy because of my health...

    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:...

  17. 4 prospects have died midconversation.

    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...

  18. 4 of my clients have died

    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:...

  19. The Emotional Rollercoaster of Life Insurance

    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...

  20. How to qualify for Life Insurance

    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...

  21. I finally get to talk to you Father to Father

    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…

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  22. 2024 Health & Wealth Checklist

    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…

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  23. 2023 Health & Wealth Wrap-up

    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...

  24. Whole Life Insurance for Your Child

    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...

  25. Tax-efficient income for business owners

    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...

  26. What happens to the value of your assets at death?

    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…

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  27. Should you pay for your life insurance policy corporately or personally?

    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...

  28. $25,000,000 Life insurance policy = $1,000,000 premium

    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...

  29. Can you be too young for life insurance?

    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:...

  30. Can you be too old for life insurance?

    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...

  31. Paying your taxes with your life insurance policy

    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…

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  32. Founder and CEO of Iceberg Cyber - Michael Bakaic

    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:...

  33. Founder & CEO of EarthOne - Sid Pereira interview

    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...

  34. Whole Life Insurance Explained

    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...

  35. What is Critical Illness Insurance?

    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:...

  36. Disability Insurance 101 - Job A or Job B?

    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:...

  37. All you need to know about Term Insurance

    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:...

  38. What happens if your business partner dies? How will you buy out their shares?

    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:...

  39. How to buy $10,000,000 of life insurance and get all your money back

    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:...

  40. Transferring assets tax-free from your corporation to your family & estate

    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...

  41. Do you have a secondary will? The benefits of having multiple wills explained

    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…

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  42. Understanding Insurance and Taxes for Business Owners (With Michael Dutra) || Purdeep Sangha

    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...

  43. What is a marriage contract and do you need one?

    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:...

  44. What happens when a client passes away?

    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:...

  45. Buying real estate with your life insurance policy

    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:...

  46. 'Mortgage' Insurance Vs. Term Life Insurance - A very clear winner

    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:...

  47. How to minimize the cost of capital gains taxes on your properties

    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…

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  48. Should you self-insure?

    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...

  49. How to buy life insurance but keep your money for your own investments

    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:...

  50. How do you get life insurance if you've had health issues?

    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:...

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ABOUT THIS SHOW

Join me on Mike Check 1,2,1,2, for insightful videos covering finance, business, and strategies aimed at protecting your wealth and health.On a personal note, I am the proud father of two boys and one girl. Professionally, I am the Chief Executive Officer of The Dutra Wealth Management Group, operating across Ontario, Alberta, and British Columbia. I am also an Advisor to the Sick Kids Foundation, something I take great pride in. My professional designations include: Trust and Estate PractitionerChartered Life UnderwriterCertified Financial Planner [email protected]

HOSTED BY

Michael Dutra

CATEGORIES

business

Frequently Asked Questions

How many episodes does Mike Check 1,2,1,2 have?

Mike Check 1,2,1,2 currently has 52 episodes available on PodParley. New episodes are automatically indexed when they're published to the podcast feed.

What is Mike Check 1,2,1,2 about?

Join me on Mike Check 1,2,1,2, for insightful videos covering finance, business, and strategies aimed at protecting your wealth and health.On a personal note, I am the proud father of two boys and one girl. Professionally, I am the Chief Executive Officer of The Dutra Wealth Management Group,...

How often does Mike Check 1,2,1,2 release new episodes?

Mike Check 1,2,1,2 has 52 episodes. Check the episode list to see recent publication dates and frequency.

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You can listen to Mike Check 1,2,1,2 on PodParley by clicking any episode. We provide an embedded audio player for direct listening, and you can also subscribe via your preferred podcast app using the RSS feed.

Who hosts Mike Check 1,2,1,2?

Mike Check 1,2,1,2 is created and hosted by Michael Dutra.
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