Summary In this episode, the hosts discuss their experiences at a recent portfolio strategies conference, sharing insights on investment strategies and the importance of having a defined investment philosophy. They delve into the complexities of the Tax on Split Income (TOSI) rules, explaining how these regulations impact business owners and their ability to pay dividends to family members. The conversation highlights the need for careful tax planning and understanding of the rules to navigate potential pitfalls. The episode concludes with a discussion on the importance of knowing the intricacies of investment products and the trade-offs involved in financial planning. Topics Covered in this Episode 00:00 Conference Insights and Networking 12:33 Understanding TOSI: Tax on Split Income 24:42 Navigating Dividend Payments and Family Structures 24:44 Understanding Income Splitting Rules 28:47 Exploring Non-Resident Shareholder Implications 31:30 Navigating Tax Risks with Non-Resident Corporations 35:32 Client Engagement and Tax Knowledge 38:42 The Complexity of Tax Compliance 43:30 Investment Knowledge and Client Understanding   Millen Wealth AdvisorsWebsite: https://www.mwadvisors.ca/Register for our Free Financial Planning Masterclass for Business Owners: https://event.webinarjam.com/channel/Financialmaster   Co-Pilot Tax Website: https://copilottax.ca/ Canadian Tax Guy: https://x.com/canadataxguy?lang=en   Follow us on Social MediaPodcast YouTube Channel: https://www.youtube.com/@MillennialMoneyCanadaPodcastSam’s TikTok: https://www.tiktok.com/@millennialmoneycanada?lang=enSam’s LinkedIn: https://www.linkedin.com/in/sam-lichtman/Guillaume’s Instagram: https://www.instagram.com/financialplannergui/Guillaume LinkedIn: https://www.linkedin.com/in/guillaume-girard-cfa-cfp-08487170/   Keywords TOSI, Tax on Split Income, investment strategies, financial planning, tax planning, portfolio management, business income, dividends, family business, tax risk