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Dr. Wing Lim talks with Nicolas Johnson about the Critical Mineral Exploration Tax Credit (CMETC) and flow-through share investments in Canada. Nicolas has had an international career ranging from journalism for Bloomberg News in Paris and Tokyo to working with a Canadian investment fund focused on resource exploration. He explains to Wing why the government established the Flow-Through Share Program to encourage private investment in exploration for critical minerals like copper, nickel, lithium, and uranium, all of which are essential for the low-carbon economy, AI, electric vehicles, and more.

Tax benefits of investment in resource exploration include a 100% income deduction for the invested amount, a 30% Critical Mineral Exploration Tax Credit on eligible investments, as well as potential returns from high-performing exploration companies. Though it’s high risk due to the speculative nature of mining startups, for incorporated professionals and high-income earners, flow-through shares can be a valuable year-end tax planning tool. Nicolas advises investors to understand the risks, eligibility requirements, and importance of professional fund management but also highlights the patriotic and economic significance of investing in Canadian critical mineral projects.

About Nicolas Johnson:

Nicolas joined Accilent Capital Management in late 2024 to expand support for financial advisors offering the Pavilion Flow-Through Fund. Pavilion aims for capital appreciation and significant tax benefits in the context of the Canadian government’s Flow-Through Share program. He previously worked 15 years in financial services, including more than a decade as a reporter and editor at Bloomberg News in Europe and Asia, followed by a stint as an investment reporter at The Globe and Mail in Toronto.

Nicolas has also worked in advocacy, policy analysis, and strategic communication and trained as a coach. He is a big advocate for personal empowerment, responsibility, and liberty.

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Physician Empowerment:

• Attend an upcoming Empowerment Retreat
• Join the Physician Empowerment Masterclass now
• Website: PhysEmpowerment.ca

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Want to dive deeper into topics like this? Master your journey with Physician Empowerment’s Masterclass Membership—your gateway to exclusive content, expert-led sessions, and actionable strategies to elevate your personal and financial well-being. Learn more and join us today! https://www.physempowerment.ca/masterclass

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Dr. Kevin Mailo welcomes Dr. FIREfly, an early-career physician, to the show to talk about her creative journey and why creativity matters. Dr. FIREfly has a financial blog she started in residency, and that, paired with her creative writing group and creative writing journey, is really what gave her an identity outside of medicine, with additional dreams to pursue. Dr. FIREfly and Kevin discuss how to make time for creative outlets and the value they add to our lives.

Something Dr. FIREfly addresses is learning to manage finances effectively early on, because, as she says, “having financial stability really gives more brain space to do other things and think about other things”. Carving out an intentional creative space in her life allows her the freedom to be more than a physician and not tie her identity to a single career. She and Kevin discuss the need for identity outside of work, how to start fanning the flames of a creative interest, and why a solid grounding in financial literacy is the necessary ingredient for scaling back work when the creativity starts to flow.

About Dr. FIREfly:

Dr. FIREfly is a Canadian early-career physician with an interest in personal finance, medicine, and philosophy of life.

Website: DrFIREfly.com

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Physician Empowerment:

• Attend an upcoming Empowerment Retreat
• Join the Physician Empowerment Masterclass now
• Website: PhysEmpowerment.ca

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Want to dive deeper into topics like this? Master your journey with Physician Empowerment’s Masterclass Membership—your gateway to exclusive content, expert-led sessions, and actionable strategies to elevate your personal and financial well-being. Learn more and join us today! https://www.physempowerment.ca/masterclass

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In this episode, Dr. Wing Lim welcomes psychiatrist and real estate investor Dr. Kola Kolawole to Physician’s Empowerment to discuss his career and entrepreneurship journey. Dr. Kolawole was born and educated in Nigeria and trained in psychiatry in the UK before settling in Canada over 14 years ago. As both a general and forensic psychiatrist, working primarily in forensic mental health, he values the fulfillment of helping patients with complex mental health and legal challenges. His entrepreneurship in real estate has given him diverse income streams and taught him the benefits of continuous education.

Dr. Lim and Dr. Kolawole talk about how Kola was inspired in the realm of passive income by his entrepreneurial mother and gained early exposure to real estate in Nigeria. Having expanded his real estate investing in the UK, Dr. Kolawole continued building a multifamily real estate portfolio in Canada while simultaneously maintaining his medical career. Wing and Kola discuss the asset-class framework, the benefits of real estate, and they trade entrepreneurship tips. Dr. Kolawole advises physicians with limited time to invest passively through partnership or established vehicles. He suggests starting small, acquiring knowledge through courses, mentorship, and groups like Physician Empowerment to build gradually.

About Dr. Kola Kolawole:

Kola Kolawole, MD FRCPC, is a specialist physician, entrepreneur, educator, and lifelong learner with over 20 years of experience and expertise in healthcare, real estate investing, and asset management.

Dr. Kolawole is Chair of the Board of Directors for Liberty for Youth and part of the Forensic Psychiatry Institute at St. Joseph’s Healthcare Hamilton. He has authored journal articles on “Psychosocial well-being of patients with breast cancer following surgical treatment in Northern Nigeria” for BMC Psychiatry and “Psychological distress, coping strategies, and social support among HIV positive patients in Calabar, Nigeria” for the Annals of Clinical and Biomedical Research.

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Physician Empowerment:

• Attend an upcoming Empowerment Retreat
• Join the Physician Empowerment Masterclass now
• Website: PhysEmpowerment.ca

Dr. Kola Kolawole:

• ForensicPsychiatryInstitute.com
• LibertyForYouth.org

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Want to dive deeper into topics like this? Master your journey with Physician Empowerment’s Masterclass Membership—your gateway to exclusive content, expert-led sessions, and actionable strategies to elevate your personal and financial well-being. Learn more and join us today! https://www.physempowerment.ca/masterclass

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Dr. Wing Lim welcomes Masterclass Faculty Member and tax lawyer Jason Pisesky back to Physician Empowerment for a discussion on preparing for a tax audit. Jason focuses specifically on what Canadian physicians and incorporated professionals should consider and prepare for with their professional finance and tax partners. Jason states that with the Canada Revenue Agency becoming more sophisticated, well-staffed, and equipped with AI-driven mining tools, the chance of an audit has never been higher.

Wing and Jason explore common audit triggers: anything from expense deductions like travel, car, and professional dues to Employment Insurance audits that target owner-operator corporations. The CRA has new powers, which Jason outlines, and they include the ability to compel oral interviews. There is a dispute resolution process as well, but it goes from initial audit through appeals to potential court action. Maintaining accurate corporate records, bookkeeping, and compliance documents is essential, and having the right team - general accountants, tax specialists, and lawyers - is important. The bottom line, as Wing and Jason emphasize, is to expect an audit, keep strong records, and don’t face the CRA without professional representation.

About Jason Pisesky:

Jason is a tax lawyer, whose practice background is extensive and includes personal and corporate tax planning as well as litigation and dispute resolution. Whether you are scaling up your practice or winding it down, proper coordination between a tax lawyer and your accountant can ensure you're doing it right.

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Physician Empowerment:

• Attend an upcoming Empowerment Retreat
• Join the Physician Empowerment Masterclass now
• Website: PhysEmpowerment.ca

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Want to dive deeper into topics like this? Master your journey with Physician Empowerment’s Masterclass Membership—your gateway to exclusive content, expert-led sessions, and actionable strategies to elevate your personal and financial well-being. Learn more and join us today! https://www.physempowerment.ca/masterclass

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In this episode, Dr. Wing Lim welcomes Masterclass faculty member Simon Wong back to the show to discuss global and local taxes for Canadians. Simon explains how taxes vary for Canadian citizens according to physical or tax residency, the international tax rules that affect tax brackets and investments. It’s a situation many medical professionals find themselves in for training, work, or financial ventures, and understanding how these taxes work is key to making wise decisions.

The first thing Simon tackles is the three labels of citizenship, tax residency and physical residency. Each carries a different set of rights, obligations and planning consequences despite sounding similar. He and Wing then delve into deeper questions. How are offshore strategies affected by taxation? How can someone avoid becoming a dual country tax resident? What cross-border taxation applies to real estate in the US? Simon and Wing broach all these questions and more, exploring the best tax and accounts options for Canadian physicians at home and abroad.

About Simon Wong:

As an Integrated Wealth Planner, Simon's expertise lies in simplifying complex financial concepts into clear, actionable insights, forming the cornerstone of his Financial Plans.

Simon specializes in navigating individuals and businesses through the intricate landscape of tax planning and investing, utilizing his extensive knowledge and experience to foster their financial success and stability.

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Physician Empowerment:

• Attend an upcoming Empowerment Retreat
• Join the Physician Empowerment Masterclass now
• Website: PhysEmpowerment.ca

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Want to dive deeper into topics like this? Master your journey with Physician Empowerment’s Masterclass Membership—your gateway to exclusive content, expert-led sessions, and actionable strategies to elevate your personal and financial well-being. Learn more and join us today! https://www.physempowerment.ca/masterclass

—

In this second episode of a two-part special, Dr. Kevin Mailo continues his conversation with Jayna Amadasun about workplace safety as it pertains to physicians and health care workers. Jayna Amadasun is the founder of Ember Impact Global, holds a Master of Laws in Medical Law and Ethics degree, and is a Doctor of Medicine. She and Dr. Mailo dive deeper into the subjects addressed in the first half of the episode, discussing the need for real, base policy change regarding healthcare worker safety and the need to rebalance the scales of justice in healthcare.

Jayna talks about the need to truly understand that frontline workers in healthcare are the eyes and ears of the organization at large. The frontline workers are intimately involved with every aspect of the day, so if they bring up things that aren’t right or that are having a negative impact, that conversation needs to be had. The advocacy of physicians and healthcare workers needs to be supported, not fall on deaf ears, but be truly heard. Jayna and Kevin highlight the need for physicians to be reminded of their worth and that they have value and deserve workplace safety and respect. Better and safer working conditions lead to better worker retention and foster a better healthcare system overall.

About Jayna Amadasun

Jayna is a Consultant, Solution-Focused Professional Coach, Speaker, and Author of the 7-Week Journal: Passion & Purpose. As the Founder of Ember Impact GlobalsJayna is passionate about helping to inspire, empower, and impact individuals through a coaching partnership where each person has the potential to experience transformational results personally and professionally. Jayna provides clients access to guiding principles and tools, fostering an ecosystem where individuals and organizations dare to thrive. She holds the space for everyone to engage in self-discovery, embrace the endless possibilities that emerge and curate a life that aligns with their values and goals.

As a powerful and thought-provoking speaker, Jayna delivers impactful keynotes to empower and transform. She eloquently articulates difficult conversations around the discourse of racial discrimination. Her love for medicine and a deep desire for advocacy drive her to focus on matters related to healthcare professionals and their workplaces.

Jayna holds a Master of Laws in Medical Law and Ethics (LLM) with Merit from the University of Edinburgh and a Doctor of Medicine degree. A Human Rights Consultant, certified by the US Institute of Diplomacy and Human Rights, she empowers Medical Practitioners to navigate workplace complexities with ethical and legal insights. She spent almost two decades as a healthcare professional before embarking on her entrepreneurial journey.

Jayna is a Rotarian, the President of her club and serves as secretary of the Community Services subcommittee, who is committed to “Unite For Good”. Her dedication to the advancement of women is seen through her appointment as Chair of the Board of Directors for Black Canadian Women in Action. She values lifelong learning and enjoys cooking, travelling and watching low-budget romantic comedies. She is a wife and mother passionate about her family and excited about new possibilities emerging through service opportunities.

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Physician Empowerment:

• Attend an upcoming Empowerment Retreat
• Join the Physician Empowerment Masterclass now
• Website: PhysEmpowerment.ca

Jayna Amadasun:

• Website: Ember Impact Global
• LinkedIn: Jayna Amadasun
• Instagram: EmberImpact
• Calendly: Jayna Amadasun

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Want to dive deeper into topics like this? Master your journey with Physician Empowerment’s Masterclass Membership—your gateway to exclusive content, expert-led sessions, and actionable strategies to elevate your personal and financial well-being. Learn more and join us today! https://www.physempowerment.ca/masterclass

—

In this episode, Dr. Kevin Mailo welcomes Jayna Amadasun back to Physician Empowerment to talk about workplace safety, specifically as it pertains to physicians and health care workers. Jayna Amadasun is the founder of Ember Impact Global and holds a Master of Law in Medical Law and Ethics degree as well as being a Doctor of Medicine. This is the first part of a two-part episode focusing on building safer workspaces and acknowledging the dangers faced by physicians and those in the healthcare profession, including the dangers inherent in advocating for themselves and their patients.

Kevin addresses the summer of 2025 lawsuit in BC launched by a physician working in the emergency department who is contending wrongful dismissal for calling out unsafe working conditions in public. Despite the support of 50 colleagues in the province who cosigned a letter of support, that physician was fired and many claim it’s because she spoke out. Jayna and Kevin explore the risks healthcare workers face from patients, how cases like that of the physician in BC discourage safety advocacy, and the flaws in the existing system as it pertains to physician care. Jayna describes alternative ways to address healthcare workplace safety and stresses that interprofessional relationships must be fixed.

About Jayna Amadasun

Jayna is a Consultant, Solution-Focused Professional Coach, Speaker, and Author of the 7-Week Journal: Passion & Purpose. As the Founder of Ember Impact GlobalsJayna is passionate about helping to inspire, empower, and impact individuals through a coaching partnership where each person has the potential to experience transformational results personally and professionally. Jayna provides clients access to guiding principles and tools fostering an ecosystem where individuals and organizations dare to thrive. She holds the space for everyone to engage in self- discovery, embrace the endless possibilities that emerge and curate a life that aligns with their values and goals.

As a powerful and thought-provoking speaker, Jayna delivers impactful keynotes to empower and transform. She eloquently articulates difficult conversations around the discourse of racial discrimination. Her love for medicine and a deep desire for advocacy drive her to focus on matters related to healthcare professionals and their workplaces.

Jayna holds a Master of Laws in Medical Law and Ethics (LLM) with Merit from the University of Edinburgh and a Doctor of Medicine degree. A Human Rights Consultant, certified by the US Institute of Diplomacy and Human Rights, she empowers Medical Practitioners to navigate workplace complexities with ethical and legal insights. She spent almost two decades as a healthcare professional before embarking on her entrepreneurial journey.

Jayna is a Rotarian, the President of her club and serves as secretary of the Community Services subcommittee who is committed to “Unite For Good”. Her dedication to the advancement of women is seen through her appointment as Chair of the Board of Directors for Black Canadian Women in Action. She values lifelong learning and enjoys cooking, traveling and watching low-budget romantic comedies. She is a wife and mother passionate about her family and excited about new possibilities emerging through service opportunities.

__

Physician Empowerment:

• Attend an upcoming Empowerment Retreat
• Join the Physician Empowerment Masterclass now
• Website: PhysEmpowerment.ca

Jayna Amadasun

• Website: Ember Impact Global
• LinkedIn: Jayna Amadasun
• Instagram: EmberImpact
• Calendly: Jayna Amadasun

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.