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In this episode, Dr. Wing Lim talks with legendary emergency physician, Professor, and Order of Canada recipient Dr. Louis Francescutti for another episode of the Medical Entrepreneurship Series. They explore the realities of modern medicine, how AI is set to reshape emergency care, and the path from frustration to real, community-changing action. Dr. Francescutti is the founder and champion of the Bridge Healing initiative that offers transitional housing from emergency care to stable, supportive homes, and he draws from his own advocacy and innovation for the valuable advice he shares.

Dr. Francescutti shares practical advice for physicians who want to lead change, and he tells Dr. Lim that waiting for grants is not the only way. Fundraising is simpler than most physicians think due to the trust and influence physicians have in their communities. He offers real ideas on how to seek monetary support for innovative care ideas. Dr. Francescutti and Dr. Lim also discuss the emotional challenges facing physicians today: how burnout and moral injury are common. He focuses on grounding in gratitude, practicing emotional intelligence, and modeling positive culture for trainees. This episode inspires physicians on ways to lead community impact projects and make a real difference in their world.

About Dr. Louis Francescutti:

An emergency and preventive medicine physician, a university professor, an international speaker, Past-President of the Canadian Medical Association, and Past-President of the Royal College of Physicians and Surgeons of Canada, Dr. Francescutti has spent nearly three decades advocating one message: Live Smart. Reputed as one of Canada's leading medical visionaries and regarded internationally for his 'down to earth' and 'bold' methodologies, Lou is not intimidated by political correctness, nor is he afraid to tell it like it is. "People need to hear what the real issues are--no sugar coating. We live in a world that is far too complex and unforgiving. People need to learn that they are in control of their future and fortune--both in terms of health and happiness".

• Dr. Louis Francescutti’s website: DrLou.ca

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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. Kevin Mailo welcomes radiologist, educator, and podcaster, Dr. Yatin Chadha, to the show to talk about Dr. Chadha’s newest project: Beyond Radiology. Beyond Radiology is an innovative radiology education platform designed for clinicians. Dr. Chadha explains why radiology education is essential for non-radiologists and how he built the online medical education platform from scratch. He and Dr. Mailo discuss why creative pursuits are necessary parts of a fulfilled life.

Dr. Chadha shares how his passion for teaching and personal growth led him to create the practical radiology courses, which include a CT head imaging course for emergency physicians and frontline doctors. Part of the conversation revolves around how he chose to navigate mid-career growth and avoid burnout through projects he believes in. He learned a lot of lessons from running the beyond MD podcast, lessons that helped inform his approach to Beyond Radiology. Dr. Mailo and Dr. Chadha unpack the importance of creativity in medicine, carving out meaningful work beyond clinical responsibilities, and avoiding mid-career plateaus. Clinicians seeking to sharpen radiology skills or curious about blending creativity with practice will find powerful insights in this conversation.

About Dr. Yatin Chadha:

Dr. Yatin Chadha is a mid-career radiologist at North York General Hospital (NYGH) in Toronto and host of the well-known beyond MD podcast.

Dr. Chadha completed medical school at the University of British Columbia in Vancouver, radiology residency at Queen’s University, and a musculoskeletal radiology fellowship in San Diego, California.

Within medicine, Dr. Chadha is most passionate about educating learners and colleagues in radiology. His clinical interests include emergency radiology, sports medicine, rheumatology, and pain therapy.

Since 2023, Dr. Chadha has been the director of radiology education at NYGH. He takes great joy in teaching and mentoring learners from medical school through fellowship. In 2024, Dr. Chadha received a teaching award for excellence in education.

As a believer in lifelong learning, Dr. Chadha launched the beyond MD podcast in 2020. The podcast focuses on financial literacy and wellness topics relevant to Canadian physicians. His mission through podcasting is to learn, share, and support his colleagues across the country.

• Dr. Yatin Chadha on LinkedIn
• “beyond MD with Dr. Yatin Chadha” podcast
• CT Head Basics for Clinicians course

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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. 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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