Mike Check 1,2,1,2

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 Practitioner Chartered Life Underwriter Certified Financial Planner dutrawealth.com michael@dutrawealth.com

  1. How much will your estate taxes be?

    08/13/2024

    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 guard without professional advice and careful planning. If you need an estate tax analysis completed, please reach out. michael@dutrawealth.com www.dutrawealth.com https://www.linkedin.com/in/michaeldutra 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 #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.

    2 min
  2. Corporate cash flow analysis

    08/05/2024

    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 out to me. michael@dutrawealth.com www.dutrawealth.com https://www.linkedin.com/in/michaeldutra 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 #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.

    2 min
  3. Do you have a company organizational chart?

    07/31/2024

    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 reach out to me. michael@dutrawealth.com www.dutrawealth.com https://www.linkedin.com/in/michaeldutra 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 #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.

    2 min
  4. 2024 Federal Budget: Capital Gains Tax increase for individuals.

    04/19/2024

    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.

    12 min
  5. 2024 Federal Budget: Capital Gains Tax increase for business owners.

    04/19/2024

    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.

    12 min
  6. Key Man coverage for Business Partners.

    04/11/2024

    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.

    3 min

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, 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