Portfolio Talks

Vishal Gill, CFP & Tyson Nagasaka, MFA-P

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You spent a decade training to be a doctor. Nobody trained you to run your finances. Portfolio Talks is where Vishal Gill, CFP, and Tyson Nagasaka, MFA-P, CEA, cut through the noise on salary vs. dividends, corporate tax strategy, and wealth-building decisions that are unique to incorporated doctors in Canada. Because knowing the rules changes the outcome for MDs, OD's, and DDSs.

3d ago · Bonus

The OD Equipment Trap!

The episode features a discussion with Dr. Harbir Sian about equipment procurement in the optometry space. The conversation covers the process of vetting and purchasing new equipment, the importance of trade shows, and the utilization rate of new equipment in a practice. The implementation of new equipment in optometry practices requires careful consideration and planning to ensure successful integration and utilization. It's essential to assess the learning curve, training, utilization rates, and revenue impact of each piece of equipment. Reps play a crucial role in providing valuable insights and support for equipment integration and protocol development. The decision to buy new equipment should be based on utilization potential and the impact on practice revenue. The conversation delves into the considerations and research required when purchasing optometry equipment for an existing practice. It emphasizes the importance of understanding the value and longevity of the equipment, as well as the impact of training and sales skills on patient care and business success. Join our FB Group for Doctors in Canada: https://www.facebook.com/share/g/1LpLdrG7Gq/ Takeaways Equipment procurement in optometry involves careful vetting, research, and leveraging relationships with reps and colleagues.Attending trade shows can provide valuable insights and opportunities for discounts on equipment purchases. Equipment integration requires careful planning and consideration of utilization potential and revenue impact.Reps play a crucial role in providing valuable insights and support for equipment integration and protocol development. Equipment longevity and value are crucial considerations when purchasing optometry equipment.Training and sales skills play a significant role in patient care and business success. Chapters 00:00 Introduction and Optometry Practice Varieties06:04 The Process of Vetting and Purchasing Equipment13:00 Leveraging Trade Shows and Discounts22:01 Utilization Rate of New Equipment23:13 Equipment Integration and Utilization24:09 Revenue Impact and Utilization Rates25:04 Challenges and Lessons Learned26:39 Rep Support and Relationship45:03 Buying and Selling Practices46:19 Understanding Equipment Longevity and Value49:35 The Impact of Training and Sales Skills on Patient Care and Business Success59:36 Calculating Chair Costs and Revenue per Patient
Sep 8

Ep 13 : Small Business Deduction Clawback, What Incorporated Doctors Need to Know

In this episode of Portfolio Talks, Vishal Gill and Tyson Nagasaka discuss the philosophy behind passive income, the issues and challenges associated with it, and the quant side of the numbers. They delve into the passive income problem faced by Canadian doctors, the sources of passive income inside a corporation, and strategies to mitigate and resolve passive income issues. The conversation covers the importance of portfolio rebuilding and transitioning to a growth-focused investment strategy to prevent annual passive income problems. It also delves into understanding investment solutions and the philosophy of investing, including the use of registered and non-registered accounts. Takeaways Passive income inside a corporation can lead to tax challengesIdentifying and mitigating passive income issues is crucial for financial planning Transition to a growth portfolio to prevent annual passive income problemsUnderstand the philosophy of investing and the use of registered and non-registered accounts Join our FB group: https://www.facebook.com/share/g/1JkcEsDEJ4/ Book your free consultaiton: https://links.thinkrr.ai/widget/booking/Tg6y9V8grfeQriFZMq4q Chapters 00:00 Introduction to Passive Income02:35 Understanding the Passive Income Problem06:04 Identifying Passive Income Sources12:57 Strategies to Mitigate Passive Income19:22 Resolving Passive Income Issues26:06 Portfolio Rebuilding and Growth Focus29:46 Understanding Investment Solutions34:21 Philosophy of Investing
Aug 24

Lawyers Opinion On Buying Your Dental Practice (Alliance Lawyers LLP)

In this episode, Vishal, Tyson, and Amrit discuss the specifics of buying a dental practice, including due diligence, the acquisition timeline, and surprising numbers in the process. The conversation provides valuable insights for dentists looking to purchase a clinic, equipping them with the information needed to make informed decisions. The conversation covers the negotiation of severance entitlements, transitioning to a business owner mentality, structuring the deal (asset vs. share purchase), revenue sources, employee considerations, vendor takebacks, transitional agreements, and the collaborative negotiation approach. Takeaways Due diligence in buying a dental practiceUnderstanding the timeline and costs of buying a dental practice Negotiating severance entitlementsStructuring the deal: asset vs. share purchaseVendor takebacks and transitional agreementsCollaborative negotiation approach Join our closed FB group for Doctors here: https://www.facebook.com/share/g/1PHy3QMPzZ/ Contact Amrit here: amrit@alliancelawyers.ca Chapters 00:00 Introduction to Buying a Dental Practice02:59 The Acquisition Timeline and Process14:46 Surprising Numbers in Due Diligence23:10 Negotiating Severance Entitlements25:22 Transitioning to Business Owner Mentality27:32 Structuring the Deal: Asset vs. Share Purchase29:34 Revenue Sources and Employee Considerations36:16 Vendor Takebacks and Transitional Agreements38:14 Collaborative Negotiation Approach
Aug 17

Ep 12: Buying a Dental Practice in Canada: Asset Purchase vs. Share Purchase Tax Breakdown

In this episode of Portfolio Talks, Vishal Gill, CFP, and Tyson Nagasaka discuss the process of buying a dental clinic, covering topics such as clinic ownership, valuations, asset sales, share sales, and tax considerations. They provide insights into the nuances of clinic ownership and the financial aspects of buying and selling a dental practice. The conversation covers the process of buying a dental practice, including financing options, loan-to-value considerations, patient retention evaluation, and the importance of legal agreements. It emphasizes the strategic and financial aspects of acquiring a dental clinic and provides insights into the complexities and considerations involved in the process. Takeaways Dental clinic ownership is a significant career decision for dentists transitioning from associate dentists to practice owners.Understanding the differences between asset sales and share sales, as well as tax considerations, is crucial when buying or selling a dental clinic. Loan-to-value strategy depends on the profitability and risk of the practice.Patient retention and active patient evaluation are crucial for assessing the value of a dental practice.Legal agreements, including shareholder, associate, and lease agreements, are essential for protecting the interests of all parties involved in the transaction. Join our Facebook Group for Doctors across Canada! https://www.facebook.com/share/g/1EfJrscpcv/ Chapters 00:00 Entering Clinic Ownership05:58 Understanding EBITDA and Valuations13:47 Asset Sales vs. Share Sales24:12 Financing the Purchase25:24 Loan-to-Value Strategy33:22 Patient Retention and Evaluation38:43 Importance of Legal Agreements
Aug 4

Ep 11 : The $31,000 Salary-Dividend Mistake Most Incorporated Canadian Doctors Make

Join our closed Facebook Group! https://www.facebook.com/share/g/1BqQ5vg2np/ If you are an incorporated Canadian physician, dentist, or optometrist, the salary vs. dividend decision is not a one-time choice — it is an annual calculation that most healthcare professionals never revisit. In this episode of Portfolio Talks, we sit down to show you how Canadian healthcare professionals should optimize your salary-dividend split for 2026. We cover the full calculation framework, including how RRSP contribution room interacts with your dividend strategy, why the $50,000 corporate passive income threshold changes the entire calculus for some incorporated professionals, and the specific wrinkles that affect you all. If you have been running the same salary-dividend split for more than two years, this episode is going to cost you something to listen to — because you are going to realize what you have been leaving on the table. Book your free consultation: https://links.thinkrr.ai/widget/booking/Tg6y9V8grfeQriFZMq4q
Jul 20

Ep 10 : Should You Incorporate in 2026? The Real Answer

Join our closed Facebook Group! https://www.facebook.com/share/g/1BqQ5vg2np/ The conversation delves into the strategic decision-making process of incorporation for doctors, emphasizing the importance of individual circumstances and the impact on personal finances. It also explores the behavioural and financial implications of incorporation, highlighting the benefits of tuition tax credits and their strategic use. Additionally, the process of incorporating is discussed, providing insights into the steps involved and the importance of involving legal and financial teams. The conversation covers key considerations for incorporation, including the small business limitshareholder structurecosts,legal implicationsand income projection. It also emphasizes the importance of professional assistance, bookkeeping, and understanding tax implications. Legal considerations, liability, and lifestyle expenses are also highlighted as crucial factors in the decision-making process. Takeaways Incorporation should be a strategic decision based on individual circumstancesUnderstanding the benefits of tuition tax credits and how they can be strategically used Incorporation ConsiderationsCosts of Incorporation Chapters 00:00 The Decision to Incorporate04:53 The Behavioral and Financial Impact of Incorporation09:07 The Process of Incorporating12:00 Incorporation Considerations13:20 Costs of Incorporation13:50 Small Business Limit and Shareholder Structure14:14 Incorporation Process and Professional Assistance15:17 Bookkeeping and Tax Implications16:11 Legal Considerations and Liability18:06 Income Projection and Lifestyle Expenses
Jul 7

Ep 9: Whole Life Insurance: Smart Strategy or Expensive Mistake?

Is whole life insurance really a scam… or is it one of the most powerful planning tools available to incorporated doctors? If you've spent any time on YouTube, LinkedIn, or talking to colleagues, you've probably heard both extremes: ❌ "Whole life insurance is a complete waste of money." ✅ "Every doctor should own it." The truth? Neither is completely right. In this episode of Portfolio Talks, Vishal Gill, CFP and Tyson Nagasaka, CEA, cut through the noise to explain when permanent life insurance actually creates value and when it doesn't. Rather than selling products, they focus on what every financial decision should start with: What problem are you trying to solve? In this episode you'll learn:✔️ Why whole life isn't the first investment most doctors should make ✔️ The checklist every incorporated doctor should complete before considering permanent insurance ✔️ Why maxing out your TFSA, RRSP and FHSA often comes first ✔️ How to know if your corporation has enough retained earnings for advanced planning ✔️ The hidden tax problem many successful doctors create without realizing it ✔️ How permanent insurance can help reduce estate tax and improve wealth transfer ✔️ Why term insurance with conversion privileges can be one of the smartest planning strategies for young doctors ✔️ Common mistakes doctors make after hearing advice from social media or colleagues Whether you're a resident, a new associate, a practice owner, or preparing for retirement, this episode will help you understand where whole life insurance fits into a financial plan—and where it doesn't. 🎧 If you enjoyed this episode: ⭐ Rate & review the podcast—it helps us reach more Canadian doctors. 📤 Share this episode with a colleague who's wondering whether whole life insurance is worth it. 💬 Join our private Doctors Across Canada Facebook community to ask your financial questions. Your question could be featured in an upcoming Medical Mailbag episode.https://www.facebook.com/share/g/1j7gru8PEW/ Want to chat about your finances? Book a free call here: https://links.thinkrr.ai/widget/booking/Tg6y9V8grfeQriFZMq4q
Jun 26 · Bonus

Space X went Public, What this means for early investors?

The conversation delves into the SpaceX IPO and its impact on private wealth investments, emphasizing the importance of diversification and long-term growth. It covers private equity, capital distributions, institutional grade investments, upcoming IPOs, responsible investing, co-investing, and portfolio diversification with infrastructure and royalty funds. Takeaways SpaceX IPO and Private Wealth InvestmentsDiversification and Long-Term Growth Chapters 00:00 Introduction to SpaceX IPO05:08 Capital Distributions and Rebalancing10:59 Upcoming IPOs and Investment Opportunities18:46 Co-Investing and Portfolio Diversification

You spent a decade training to be a doctor. Nobody trained you to run your finances. Portfolio Talks is where Vishal Gill, CFP, and Tyson Nagasaka, MFA-P, CEA, cut through the noise on salary vs. dividends, corporate tax strategy, and wealth-building decisions that are unique to incorporated doctors in Canada. Because knowing the rules changes the outcome for MDs, OD's, and DDSs.

Creator

Vishal Gill, CFP & Tyson Nagasaka, MFA-P
Years Active

2024 - 2026
Episodes

18
Rating

Clean
Copyright

© 2026 Vishal Gill, CFP & Tyson Nagasaka, MFA-P
Show Website

Portfolio Talks