Month: December 2024

The True Cost of Gas: A Deep Dive into Energy Pricing with Dan McTeague (Ep. 34)

The True Cost of Gas: A Deep Dive into Energy Pricing with Dan McTeague (Ep. 34)

Are energy prices leaving you bewildered? Dive into this enlightening episode, in which John and Alex Soutsos sit down with the renowned “Gas Man,” Dan McTeague, to unravel the complex dynamics of gas pricing and energy policies.

In this episode, John and Alex Soutsos discuss the complexities behind fuel costs and the hidden forces at play with Dan McTeague, President of Canadians for Affordable Energy. Known for his expertise in predicting gas prices, Dan shares his journey, insights on energy policies, and the economic forces at play. Discover how large oil corporations influence market prices, the impact of taxation and policies like the carbon tax, and why Canada’s gas prices are higher than in the U.S. Dan’s vast knowledge offers a unique perspective on the past and future of energy in Canada and beyond.

Dan discusses: 

  • (01:48) The origins of his nickname “Gas Man” and his methodology for predicting gas prices
  • (02:04) The challenges faced by independent gas stations and the influence of large oil corporations
  • (09:38) The factors influencing global fuel costs
  • (14:17) The impact of Canadian tax and regulation on energy prices 
  • (20:08) The complexities behind carbon taxes and emissions
  • (24:06) The role of oil pipelines and the impact on the Canadian economy
  • (37:54) Why a country shouldn’t turn its back on fossil fuels and nuclear energy and entirely rely on electric vehicles and future energy sources
  • And more

Tune in to gain a broader understanding of the power dynamics behind energy costs as John, Alex, and Dan unpack the implications of energy policies.

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About Our Guest: 

An 18-year veteran of the House of Commons, Dan is widely known in both official languages for his tireless work on energy pricing and saving Canadians money through accurate price forecasts. His Parliamentary initiatives, aimed at helping Canadians cope with affordable energy costs, led to providing Canadians heating fuel rebates on at least two occasions.

Widely sought for his extensive work and knowledge in energy pricing, Dan continues to provide valuable insights to North American media and policy makers. He brings three decades of experience and proven efforts on behalf of consumers in both the private and public spheres. Dan is committed to improving energy affordability for Canadians and promoting the benefits we all share in having a strong and robust energy sector.

Tax Planning for Leaving the Country with Kim Moody (Ep. 33)

Tax Planning for Leaving the Country with Kim Moody (Ep. 33)

How much of your paycheck ends up as taxes?

In this episode, John and Alex Soutsos speak with Kim Moody, a CPA and founder of leading tax law and accounting firm, Moodys Private Client. This time, they dive into the realities and myths surrounding taxation in Canada, making it a crucial listen for anyone navigating the complex world of finance and taxes. Join in as they explore how taxes impact not just your wallet but your overall lifestyle.

John, Alex, and Kim discuss:

  • (03:28) The staggering impact of taxes on household budgets
  • (12:20) Global comparisons that reveal tax reform possibilities, like Estonia’s innovative tax model
  • (17:45) Consumption tax vs income tax
  • (22:27) What it takes to declare non-residency in Canada for tax purposes
  • (28:53) The nuances of becoming a non-resident for tax purposes and the potential opportunities abroad 
  • (37:42) The most common jurisdiction people move to when they decide to leave Canada
  • And more

Resources:

Connect with Med-Wealth Financial Services: 

Connect with Kim Moody:

About Our Guest: 

Kim is a CPA and the Founder and Director of one of Canada’s premier tax law and accounting firms encompassed under the common brand of Moodys Private Client. For decades, he has helped clarify and simplify the complexities of the tax system for his clients, and continues to provide this clarity today. Kim has taken on nearly every prominent role in the tax profession and wants to share what he’s learned with the world. He is an Amazon best-selling author and a regular contributor to the Financial Post newspaper.