The Money Scope Podcast

May 03 2024 212

The Money Scope Podcast artwork

The Money Scope is a weekly limited-run podcast about personal financial decision-making for Canadian professionals. The podcast follows a curriculum deliberately designed to make you a better, more thoughtful financial decision maker. It is hosted by Benjamin Felix - Portfolio Manager and Head of Research at PWL Capital, and Dr. Mark Soth - the Loonie Doctor. The moneyscope.ca site is peppered with photoshopped fun, and each episode page is deliberately designed to be a multi-media curriculum with annotated transcripts, primary source references, and links to relevant materials in our other blog and podcast formats.

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Episode 14: CPP & and EI for Business Owners

May 03 2024 88 mins

Business owners often have reservations about paying into the Canada Pension Plan (CPP). Many think they’re getting a bad deal by paying both the employer and the employee portion of the contribution, but can they do better by paying themselves dividends? In the last two episodes, we did an extensive review of how you can compensate yourself as a business owner through a private

Episode 13: Optimal Compensation from a CCPC

Apr 26 2024 102 mins

When it comes to creating an optimal compensation strategy plan, there’s a lot to navigate. And while there may be a plethora of general rules floating around on the internet, each individual’s optimal strategy is ultimately going to be dependent on their unique situation. That is why we’re using today’s conversation to break down the findings of our mental model algorithm.

Episode 12: Paying Yourself as a Canadian Business Owner

Apr 19 2024 109 mins

Whether you’re self-employed or you own a small business, there are many nuances to how you can pay yourself from your business. Our episode today hones in on how we pay ourselves personally from a corporation (along with other key employees, including spouses) and the many intricacies you need to understand when making decisions about this process. While today’s episode may be

Ep 10 & 11 Case Conference: Corporate Investing Puzzles

Apr 12 2024 52 mins

Today’s Case Conference episode is a supplement to Episodes 10 and 11 and uses several case studies to examine key subjects such as corporate bloat, tax-efficient retirement planning for high-income earners, the importance of diversifying your asset allocation, and more. For our first case, we take a step-by-step look at the decision to retain earnings in your corporation, and ex

Episode 11: Corporate Investing Strategy

Apr 05 2024 49 mins

Accountants and financial advisors offer excellent professional support, but it’s also important to keep yourself informed and understand key tax implications when it comes to managing your corporate account. In today’s episode, we take a closer look at the type of information you should arm yourself with to help you optimize your tax planning and manage your corporate investme

Ep 10: Investing in a Canadian Corporation

Mar 29 2024 64 mins

In today’s episode, we delve into the complex topic of investing in Canadian corporations, something that will be deeply relevant to many of our listeners. Given the intricate interplay of investments and taxes within this context, it's crucial for corporate and business owners to grasp the fundamentals. We start off by unpacking key details of what defines a corporation, the int

Ep. 9 Case Conference: Keeping the Tax Hobbits at Bay

Mar 22 2024 48 mins

The overarching theme of today’s conversation revolves around prudent financial decision-making, including tax-efficient investing, risk assessment, and leveraging home equity for investment purposes. This acts as supplementary material for the main episode, where we take a deep dive into the nuances of tax. Join us as we look at taxation and income through the lens of common sce

Ep 9: Taxable Investing in Canada

Mar 15 2024 71 mins

In this episode, we dive deep into the world of income tax and demystify the often intimidating realm of investment taxation. Join us as we break down various forms of investment returns, from interest and dividends to capital gains and more. Discover the impact of tax integration on Canadian dividends and learn how foreign dividends can add a layer of complexity to the process. Ex

Ep.8 Case Conference: Choosing the Right Door

Mar 08 2024 23 mins

Today’s Case Conference accompanies an episode in which we provide a detailed breakdown of the registered account types available to Canadian investors and how to utilize them. Despite their numerous potential advantages, however, there are still many people who avoid them, primarily because optimizing these can seem too complicated and overwhelming. Our hope is that today’s ep

Ep. 8 Canadian Investment Accounts

Mar 01 2024 89 mins

One of the most complex things to navigate when it comes to your personal finances is your choice of accounts and how to use them in the best way possible. In today’s episode, we break down the types of accounts available to Canadian investors and how to optimize your use of each one. Tuning in, you’ll learn key factors you should consider, including how tax deferral can end up