47 episodes
Mike Check 1,2,1,2 Michael Dutra
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- Business
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5.0 • 3 Ratings
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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 Practitioner
Chartered Life Underwriter
Certified Financial Planner
dutrawealth.com
michael@dutrawealth.com
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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 same.
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/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
#federalbudget #canada #business #consulting #corporation #realestate #estate #children #family #taxes #lifeinsurance #businessowner #taxes #insurance #estateplanning #wealth #finance
Disclaimer: These videos discuss strategies, concepts, illustrations, general discussion & more. Personal details need to be obtained and a thorough review of all concepts before implementing anything. Please consult the appropriate professional(s) including but not limited to insurance, tax, accounting, legal, health, and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for tax, legal, health, accounting, or any other advice. You should consult your own professionals and advisors before implementing any transaction. Financial Underwriting may be required for any topic discussed. -
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 tax bill.
0:00 Introduction
0:39 Example
4:55 Solution
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
#federalbudget #canada #business #consulting #corporation #realestate #estate #children #family #taxes #lifeinsurance #businessowner #taxes #insurance #estateplanning #wealth #finance
Disclaimer: These videos discuss strategies, concepts, illustrations, general discussion & more. Personal details need to be obtained and a thorough review of all concepts before implementing anything. Please consult the appropriate professional(s) including but not limited to insurance, tax, accounting, legal, health, and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for tax, legal, health, accounting, or any other advice. You should consult your own professionals and advisors before implementing any transaction. Financial Underwriting may be required for any topic discussed. -
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.
0:00 Introduction
0:30 $10,000,000 valuation
1:08 Solution
2:32 Capital Dividend Account
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 #consulting #corporation #realestate #estate #children #family #taxes #lifeinsurance #businessowner #taxes #insurance #estateplanning #wealth #finance
Disclaimer: These videos discuss strategies, concepts, illustrations, general discussion & more. Personal details need to be obtained and a thorough review of all concepts before implementing anything. Please consult the appropriate professional(s) including but not limited to insurance, tax, accounting, legal, health, and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for tax, legal, health, accounting, or any other advice. You should consult your own professionals and advisors before implementing any transaction. Financial Underwriting may be required for any topic discussed. -
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: https://anchor.fm/michael-dutra
www.dutrawealth.com
https://www.linkedin.com/in/michaeldutra
#business #consulting #corporation #realestate #estate #children #family #taxes #lifeinsurance #businessowner #taxes #insurance #estateplanning #wealth #finance
Disclaimer: These videos discuss strategies, concepts, illustrations, general discussion & more. Personal details need to be obtained and a thorough review of all concepts before implementing anything. Please consult the appropriate professional(s) including but not limited to insurance, tax, accounting, legal, health, and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for tax, legal, health, accounting, or any other advice. You should consult your own professionals and advisors before implementing any transaction. Financial Underwriting may be required for any topic discussed. -
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: 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
#bitcoin #crypto #cryptocurrency #cryptonews #business #consulting #corporation #estate #children #family #taxes #lifeinsurance #businessowner #taxes #insurance #estateplanning #wealth #finance
Disclaimer: These videos discuss strategies, concepts, illustrations, general discussion & more. Personal details need to be obtained and a thorough review of all concepts before implementing anything. Please consult the appropriate professional(s) including but not limited to insurance, tax, accounting, legal, health, and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for tax, legal, health, accounting, or any other advice. You should consult your own professionals and advisors before implementing any transaction. Financial Underwriting may be required for any topic discussed. -
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: 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 #consulting #corporation #realestate #estate #children #family #taxes #lifeinsurance #businessowner #taxes #insurance #estateplanning #wealth #finance
Disclaimer: These videos discuss strategies, concepts, illustrations, general discussion & more. Personal details need to be obtained and a thorough review of all concepts before implementing anything. Please consult the appropriate professional(s) including but not limited to insurance, tax, accounting, legal, health, and estate planning before making any final decisions. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for tax, legal, health, accounting, or any other advice. You should consult your own professionals and advisors before implementing any transaction. Financial Underwriting may be required for any topic discussed.
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