The Empowered Investor Keith Matthews

Are you thinking about selling your business but unsure where to start? Wondering how to maximize its value and attract the right buyers? How can you structure your finances to maximize the value of your business?
Tune in as host Keith Matthews and guest Uros Milekic, partner at BDO Canada, explore the critical strategies for enhancing business operations, ensuring accurate financial reporting, and structuring for optimal tax efficiency. Uros also explains the key factors that potential buyers look for and how to position your business to meet those criteria.
Whether you're looking to sell in the near future or planning long-term, this episode offers invaluable insights to help you navigate the complex selling process and secure your financial future.
Thank you for tuning in!
Key Topics:
Why business owners need to prepare their businesses for eventual sale. [00:01:00]5 Key Components: business processes, management structures, people, data and financials, and vision for future growth. [00:02:29]How business owners often get lost in daily operations and fail to plan for long-term goals. [00:03:28]The importance of accurate financial reporting, monthly reporting, and external audits. [00:12:26]The benefits of holding companies and family trusts for tax efficiency and planning. [00:14:11]Explanation of the lifetime capital gains exemption and its criteria [00:15:10]The timing and benefits of setting up holding companies and family trusts. [00:18:32]Understanding business valuation process, who uses it, and its importance in business sales. [00:23:13]Breakdown of different types of buyers (internal, strategic, non-related, and private equity) and how they value businesses. [00:26:03]The growing influence of private equity in the market and their criteria for purchasing businesses. [00:28:25]The differences between selling shares and assets, including tax implications and strategies. [00:31:36]
And so much more!
Mentioned in this Episode:
Tulett, Matthews & AssociatesBDO Canada
Thanks for Listening!
Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. And feel free to drop us a line at lawrence@tma-invest.com or 514-695-0096 ext.112.
Follow Tulett, Matthews & Associates on social media on LinkedIn, Facebook, and...

How can entrepreneurs effectively plan and accumulate wealth? What role do holding companies and the capital dividend account play?
Join host Marcelo Taboada and Uros Milekic from BDO Canada as they dive into key financial strategies for entrepreneurs. Learn how to optimize tax savings, protect assets, and set up holding companies for legal and tax benefits.
Discover the pros and cons of taking a salary versus dividends, managing cash flow, and planning for retirement. Uros explains the Capital Dividend Account (CDA) and Refundable Dividend Tax on Hand (RDTOH) for tax-efficient fund distribution, and highlights Individual Pension Plans (IPPs) as a powerful wealth accumulation tool.
Tune in to navigate financial planning complexities and make informed decisions for your business!
Key Points:
Advisory Team: Importance of a team of accountants, tax advisors, and lawyers. (9:50)Setting Up Holding Companies: Advantages for legal protection and tax efficiency. (16:00)Salary vs. Dividends: Pros and cons, and tax Implications of taking a salary versus dividends. (25:32)Accumulating Wealth: Wealth strategies within a corporation, using RRSPs, TFSAs, and investments. (26:45)Capital Dividend Account (CDA): Using the CDA to distribute funds tax-free. (35:12)Refundable Dividend Tax on Hand (RDTOH): Understanding RDTOH for managing investment income. (40:12)Optimizing Financial Strategies: Techniques for managing cash flow, working capital, and retirement planning. (42:39)Incorporating a Business: Why and when to incorporate for tax benefits and asset protection. (51:37)Insurance Considerations: Types of insurance policies and their implications when held personally or within a corporation. (1:01:52)Individual Pension Plans (IPPs): IPPs as a wealth accumulation strategy for high-income business owners, benefits over traditional RRSPs. ​(1:05:00)
And so much more!
Mentioned in this Episode:
Tulett, Matthews & AssociatesBDO Canada
Thanks for Listening!
Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. And feel free to drop us a line at lawrence@tma-invest.com or 514-695-0096 ext.112.
Follow Tulett, Matthews & Associates on social media on LinkedIn,a...

As parents, we all want to set our kids up for financial success. But how do you teach them about money in a way that sticks? In our latest episode, Marcelo speaks with Robin Taub, CPA and author of "The Wisest Investment," to get her expert advice on instilling money smarts from an early age.
Robin Taub is the bestselling author of The Wisest Investment. The Canadian edition of this book was awarded the Best Adult Book of 2022 by the Institute for Financial Literacy.
Join us as we discuss the practical tips and exercises Robin outlines in her book, explore her personal experiences, and understand why financial literacy is essential for children, adolescents and young adults. This episode is packed with insights for parents, grandparents, and mentors who are keen on making a lasting impact on their children’s financial future.
Thank you for tuning in!
​Key Topics:
The Wisest Investment: Robin Taub’s book and its impact (1:04)Financial struggles of parents and the importance of teaching kids about money (5:25)Marcelo's personal experience and how his financial journey shaped his views (15:00)The role of values in financial education and how to instill them in children (25:30)Using teachable moments to impart financial lessons to kids (27:21)Robin's background and journey into financial education (30:32)Different approaches to allowances and tying them to chores (36:44)How budgeting can be made fun and engaging for kids (40:06)The importance of gratitude and giving in financial education (44:17)Introducing kids to investing and the stock market (49:49)Using board games to teach kids about money (48:33)The impact of technology and mobile banking on financial education (54:53)The significance of letting children make financial mistakes and learn from them (1:05:00)The importance of financial literacy (1:10:45)
And so much more!
Mentioned in this Episode:
The Wisest Investment by Robin TaubGet Smarter About MoneyAtomic Habits by James ClearECHOageThe Good Life by Robert Waldinger11 rings: The Soul of Success by Phil JacksonMan's Search for Meaning by Viktor E. FranklPodcast: Teaching Kids about Money with Guest Will RaineyTulett, Matthews & Associates
Thanks for Listening!
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Join us as we celebrate 100 years of mutual fund history, reflecting on how they've helped shape investor access to the markets.
Keith and Marcelo discuss the journey of mutual funds (MF) from a niche product created in 1924 to a mainstay in the investment world, examining both the benefits and challenges they present for today's investors.
They highlight mutual funds' ability to provide diversified exposure to various markets, easy access to foreign investments, and convenience in buying and selling shares.
They also tackle the downsides of mutual funds head-on: high fees, lack of transparency, and sales-driven practices from big banks and others that plague the industry. Despite the availability of lower-cost alternatives like ETFs and other low fee MFs, Canadians continue to be pulled to high-fee MFs. Why?
Keith and Marcelo remain optimistic about the future, pointing to an increasing availability of low-fee investment options and the growing demand for independent, evidence-based financial advice.
Explore the pivotal moments in mutual fund history and gain insights into how understanding this history can benefit your investment strategy today.
Thank you for tuning in!
Key Topics:
● The historical significance and impact of mutual funds on investing (00:39)
● Overview of mutual fund benefits, including diversification and accessibility (01:15)
● Mutual funds' role in the democratization of financial markets (03:22)
● High fees associated with Canadian mutual funds and transparency issues (05:15)
● Evolution of mutual funds and the introduction of ETFs (07:30)
● The shift from defined benefit pensions to defined contributions (09:45)
● Canadian vs. U.S. investment trends in mutual funds and ETFs (11:05)
● Discussion on mutual fund fee structures in Canada (13:18)
● The changing landscape of investing and the rise of passive strategies (15:30)
● Long-term trends and future for mutual funds (18:25)
● Summary of key takeaways and the importance of informed investing (20:40)
● Adoption of Vanguard's ETF Portfolio and Shift Towards Passive Investing in Canada (22:18)
And so much more!
Mentioned in this Episode:
Tulett, Matthews & Associates
Thanks for Listening!
Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. And feel free to drop us a line at lawrence@tma-invest.com or 514-695-0096 ext.112.
Follow Tulett, Matthews & Associates on social media on LinkedIn, Facebook, and more!
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Are you wondering how the proposed 2024 Federal Budget changes might affect your investments? Curious about the implications of the increased capital gains inclusion rates? Want to know the key considerations for financial planning in light of these changes? Today's episode dives deep into these questions and more.
Today, Keith is joined by Gerry Theus, a seasoned tax expert, to explore the nuances of the proposed capital gains inclusion rate increases. They will discuss the transition from the old rate to the new, highlight the direct impacts on various investment structures, and unravel strategies to optimize financial outcomes under these new regulations.
This episode is crucial for anyone looking to understand and navigate the new tax laws effectively.
Thank you for tuning in!
Key Topics:
● Gerry's background in tax law (02:29)
● Which types of investment structures are impacted by capital gains taxes (04:52)
● Assets that are exempt from capital gains taxes and clarifying common misconceptions (07:21)
● Assets that are typically subject to capital gains taxes upon appreciation (09:38)
● Tax bands and implications for individuals (12:26)
● Triggering gains before law changes (14:48)
● Strategies for dealing with capital gains from real estate (17:24)
● Advantages of being able to sell parts of a portfolio to manage potential capital gains tax liabilities (19:46)
● Future considerations for entrepreneurs holding commercial property (24:31)
● Capital gains adjustments for entrepreneurs (26:53)
● Updates on the the Lifetime Capital Gain Exemption (LCGE) increases (29:14)
● Update of the new Canadian Entrepreneurs Incentive program (31:41)
Mentioned in this Episode:
Tulett, Matthews & Associates
Thanks for Listening!
Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. And feel free to drop us a line at lawrence@tma-invest.com or 514-695-0096 ext.112.
Follow Tulett, Matthews & Associates on social media on LinkedIn, Facebook, and more!
Follow The Empowered Investor on Facebook, LinkedIn, and Instagram

Wondering how you can simplify your investment strategy without sacrificing returns? How does a straightforward approach to investing lead to financial security? Discover the answers in this episode as we discuss the principles of index investing and the power of keeping it simple.
Keith Matthews is joined by Nicolas Bérubé, an award-winning financial journalist and author (of From Zero to Millionaire), to explore the benefits of a stress-free investment strategy. Nicolas shares his journey from being a curious reporter during the financial crisis to becoming a proponent of index investing, highlighting the importance of understanding market behavior and the futility of trying to predict the future.
We dissect common misconceptions about active and passive investing, why aiming for average returns is a pathway to exceptional long-term success, and how maintaining discipline in your investment strategy can lead to financial empowerment.
Thank you for tuning in!
Key Topics:
● Introduction to Nicolas Bérubé and his journey in financial journalism (00:39)
● Impact of the 2008 financial crisis on investment perspectives (03:20)
● Misconceptions about stock market investing and the reality of index funds (05:56)
● The significance of behavior in investment success (13:02)
● Importance of starting early in investing and the concept of compounding (20:50)
● Debunking the myths around index investing and market timing (27:14)
● Discussion on the downside protection in index funds (34:07)
● Nicolas Bérubé's investment philosophy and his view on being a 'lazy investor' (38:22)
● Future of index investing in Canada and globally (43:00)
● The early adoption of exchange-traded funds (ETFs) and the gradual recognition of their benefits in the investment community (44:57)
● Why active management often underperforms index funds, even in volatility(49:13)
And much more!
Mentioned in this Episode:
Tulett, Matthews & AssociatesNicolas Bérubé’s book, "From Zero to Millionaire"La Presse
Thanks for Listening!
Be sure to subscribe on Apple, Google, Spotify, or wherever you get your podcasts. And feel free to drop us a line at lawrence@tma-invest.com or 514-695-0096 ext.112.
Follow Tulett, Matthews & Associates on social media on LinkedIn, Facebook, and more! Follow The Empowered Investor on Facebook, LinkedIn, and Instagram