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The Money Scope Podcast

Benjamin Felix & Dr. Mark Soth

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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 curricul ...
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The Hat Rack

Continuing Professional Development

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Find Something to Hang Your Hat On! Listen to The Hat Rack podcast where physicians in practice gain access to the strategies that Continuing Medical Education (CME)/Continuing Professional Development (CPD) experts and influencers use to effectively plan CME to implement change in their professional practice. The Hat Rack guests draw from their extensive experience as developers, contributors and promoters of CME/CPD, providing insights at local, provincial, national and international level ...
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Season 2 - Episode 5 In this episode of The Hat Rack, host Dr. Bill McCauley sits down with Dr. Mark Soth, a critical care physician and creator of The Loonie Doctor, to explore the intersection of financial literacy, physician wellness, and career satisfaction. Drawing from personal experience and years of financial education outreach, Dr. Soth sh…
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Season 2 - Episode 4 In this episode of The Hat Rack, we chat with Dr. Robin Mackin—a Western University alumna, pediatrician, and former member of Canada’s 2008 Olympic softball team. Dr. Mackin reveals how her high-performance sports background introduced her to the power of coaching, and why she believes a similar approach can transform medical …
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Season 2 - Episode 3 In this episode of The Hat Rack, we chat with Dr. Robin Mackin—a Western University alumna, pediatrician, and former member of Canada’s 2008 Olympic softball team. Dr. Mackin reveals how her high-performance sports background introduced her to the power of coaching, and why she believes a similar approach can transform medical …
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Today, we bring you another live episode, this time from the Annual Canadian Physician Financial Wellness Conference. We answer a series of compelling audience questions — drawing on information from past episodes — that meaningfully impact both sides of the client-advisor relationships. To kick things off, we break down the best time to incorporat…
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Season 2 - Episode 2 In this episode of The Hat Rack, we chat with Dr. Vladimir Yakovishin, a Western University alumnus with a powerful story of resilience in the face of adversity. Dr. Yakovishin shares his journey of unexpectedly losing his vision during medical school and the impact it had on his path to psychiatry. His insights reveal how ment…
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Today’s episode comes to you live from the 22nd Institute for Advanced Financial (IAFP) Planning Conference in Gatineau, Quebec, recorded in front of an audience of professional financial planners. For this special episode, we cover key planning issues for incorporated business owners and walk through the lifecycle of a business owner or profession…
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Season 2 - Episode 1 Join The Hat Rack as we explore the realities of rural medical practice. Dr. Ken Milne, a seasoned emergency physician, and Dr. Matt Breton, a newly practicing family doctor, discuss the unique challenges of continuing medical education (CME) in rural environments, balancing limited resources with high demands. Learn about inno…
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Episode 11: CPD Horizons Summer Series In this episode, Dr. Michelle Lee Jones, an Assistant Professor in the Department of Clinical Neurological Sciences at Schulich, discusses the development and impact of social accountability rounds within her department. She explains the rationale behind this initiative, the diverse topics covered, and the imp…
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Episode 10: CPD Horizons Summer Series In this episode, Dr. Sabe De, an Associate Professor of Medicine in the Division of Cardiology and the recipient of the Schulich Award of Excellence in Continuing Medical Education, shares his experiences in coordinating large virtual CPD events, including the Western University Virtual Echo Symposium and the …
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Episode 09: CPD Horizons Summer Series In this episode, Dr. Rookaya Mather, an Assistant Professor in the Department of Ophthalmology, discusses the critical importance of operating room ergonomics and the prevention of musculoskeletal (MSK) injuries among healthcare professionals. She shares her personal experience with a work-related injury and t…
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Episode 08: CPD Horizons Summer Series In this episode, Dr. Tim Nguyen, an Assistant Professor in the Department of Oncology, presents findings from a national survey of Canadian oncologists, which aimed to understand their preferences and barriers regarding continuing professional development (CPD). He discusses key insights, such as the value pla…
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Episode 07: CPD Horizons Summer Series In this episode, Dr. Shanil Narayan, a General Internist and Adjunct Professor who also serves as the Regional Academic Director for the Huron Perth Academy of the Schulich School of Medicine and Dentistry, discusses a project aimed at improving the management of congestive heart failure in rural environments.…
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Episode 06: CPD Horizons Summer Series In this episode, Dr. Gauri Ghate, an Assistant Professor in the Division of Emergency Medicine, discusses the creation of an online module designed to improve the emergency department care of sexual assault survivors. She highlights the importance of addressing both the physical and psychosocial trauma experie…
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Episode 05: CPD Horizons Summer Series In this episode, Dr. Sonja Payne, an Assistant Professor in the Department of Anesthesia and Perioperative Medicine at Schulich, discusses the development of an online module titled “Managing the Unanticipated Difficult Airway” (MUDA). She explains the motivation behind the project, which stemmed from a needs …
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Episode 04: CPD Horizons Summer Series In this episode, Dr. Adam Gavarkovs, PhD, an education developer within the CPD office, presents a novel approach to conducting needs assessments in continuing professional development. He discusses the importance of a thorough needs assessment in creating effective educational activities and introduces a new …
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Episode 03: CPD Horizons Summer Series In this episode, Dr. Alison Allan, Chair of the Department of Anatomy and Cell Biology at Schulich, discusses the Basic Medical Sciences Leadership Program, developed to address the specific leadership development needs of faculty in the basic medical sciences. She explains the program’s three levels—investiga…
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Episode 02: CPD Horizons Summer Series In this episode, Dr. Kristin Clemens, an endocrinologist and associate professor in the Department of Medicine at Schulich, discusses the Faculty Development Mini Fellowship, a unique opportunity awarded through the CPD Office, and shares her enriching experience with the Harvard Leadership Certificate Program…
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Episode 01: CPD Horizons Summer Series In the first episode, Dr. John Yoo, the Dean of Medicine, delivers a greeting and discusses the significance of CPD, emphasizing its value and the efforts to enhance continuing education and professional development at Schulich. Following this, Dr. Fawad Ahmed, a family doctor and chair of the Schulich Windsor…
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In this episode we delve into transformative learning in medical practice with Dr. Steve Wong, director of the renowned "This Changed My Practice" program at the University of British Columbia. Dr. Wong shares invaluable insights on integrating Continuing Medical Education (CME) seamlessly into daily practice, highlighting real-life stories of impa…
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Understanding the implications of the 2024 Federal Budget and its proposed changes to capital gains taxation is crucial for individuals and corporations alike. In today’s episode, we take a deep dive into the Canadian federal budget for 2024 and its impact on capital gains taxation. In our conversation, we discuss the technical details of capital g…
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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 b…
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George Kovacs of Dalhousie University and a practicing physician in Nova Scotia discusses with ‘The Hat Rack’ skills acquisition and procedural learning. Are you practicing enough? Where are your practicing opportunities? With our guest’s many years of experience, Dr. Kovacs explains how the Clinical Cadaver Program came to be. Listen In. Find Some…
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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 o…
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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…
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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 earn…
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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 …
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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 wha…
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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 incom…
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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 laye…
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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 overwhelmin…
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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, includi…
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In this special episode of the Money Scope Podcast, we take a break from their regular content to reflect on the journey so far and engage with our audience. As we pause to catch our breath halfway through the planned core curriculum, we discuss the evolution of the podcast, share listener feedback, and offer insights into what lies ahead. We outli…
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In this episode, we follow the stories of two distinct investors facing unique challenges. First, meet a plastic surgeon in the high-flying tech-driven world of 1997. With a high-risk tolerance and a flourishing practice, this surgeon believes they can conquer the market. However, as the dot-com bubble looms, they must navigate the fine line betwee…
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Episode 4: “The Neural Network: Unleashing AI’s Potential in Healthcare” Learn together with ‘The Hat Rack’ on how artificial intelligence is being used in healthcare. Dr. Rob Arntfield, Medical Director of the Critical Care Trauma Centre at London Health Sciences Centre provides some background on AI, how AI is being used today, predictions for fu…
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Picture your investment portfolio as a carefully crafted puzzle and asset allocation as the key to solving it. It not only helps you navigate the treacherous waters of risk but fine-tunes your investments to harmonize perfectly with your financial dreams. In this episode, we take a deep dive into the art and science of portfolio management. Discove…
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After our detailed examination of the basics of investment strategy, we are now delving into some common case studies that you may encounter on your investing journey. Our studies take us through the looming recession and why it should not be a major concern for investors, the economic activity of America’s response to a recession, and deciding on …
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Today’s episode is a colonoMoneyScope as we dig deep into the basics of investment strategy. But we’ve already laid the foundation (in previous episodes) and the hard work is done, and we are now moving onto a necessary procedure for the preventive care of your investment portfolio. It’s important to understand why we invest and why it matters in o…
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Today’s show features our first case conference supplemental episode. We’ve built several cases, complete with figures, to expand upon our primary episode's discussions on debt, saving, and investing. These scenarios reflect common queries and challenges we frequently encounter from our audience. While we hope you can draw parallels to your own cir…
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Our relationship with money changes throughout our lives. While this journey will vary between individuals, there are broad trends that will apply to many of us. In today’s we investigate how to navigate debt, savings, and investing at different stages of our lives and break down how these mechanisms can help you move your economic value through ti…
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In this episode, we dive deep into the world of financial independence, values, and effective goal setting. Drawing from a wealth of knowledge and research, we guide listeners through a structured approach to identify their most meaningful financial goals. From the importance of enjoying the journey to setting measurable targets, we provide invalua…
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We make countless decisions every day, from choosing what we’ll have for breakfast to determining whether we have the time to take a break from our busy schedule and go for a walk. Not all decisions require the same amount of effort. And while the big decisions certainly deserve our time and attention, it can be easy to overlook how the small decis…
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Have you ever found yourself caught up in the pursuit of material possessions, believing they will bring you happiness? Or perhaps you've been lured into working excessively, thinking that the more you earn, the happier you'll be? In this conversation, we expand on the concepts covered in the previous episode and dive deep into money-happiness trap…
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In this episode, we delve into the intricacies of human happiness and regret by exploring the complex relationship between our pursuit of happiness and the decisions we make along the way. We unpack the essence of a ‘good life’, the different forms of happiness, and how to keep a balance between them. Discover why the pursuit of material wealth mig…
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Welcome to the Money Scope Podcast, where finance meets relatability and evidence-based wisdom takes centre stage. Join your hosts, Mark Soth and Ben Felix, as they take you on a deep dive into the world of personal finance, specifically tailored for Canadian professionals and beyond. In this engaging series, Mark and Ben blend their expertise in t…
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Welcome Melissa Lujan and Zarreen Warsi from The College of Family Physicians of Canada (CFPC) to ‘The Hat Rack’. Listen in on our conversation highlighting the Mainpro+ Program, Professional Learning Plans (PLP) opportunities and Linking Learning. Rethink your approach to capturing your CPD through point of care learning and peer learning as well …
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The Royal College of Physicians and Surgeons of Canada (RCPSC) provides a preview of future changes to the Maintenance of Certification (MOC) Program. Katherine Marsden, Associate Director of Learning & Strategy, RCPSC shares updates, supports and clarification throughout her interview with 'The Hat Rack'. Learn more about 'The Hat Rack' Podcast! F…
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Dr. Dave Davis suggests you consider being your own CME Director from his over 40 years of experience as a practicing physician and CME/CPD influencer. A Western University medical school graduate, Dr. Davis has been involved in changing and improving the quality of CME/CPD for practicing physicians by holding many roles over his career. Among othe…
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