Mike Libbey 👋

Partner & COO at @YBLaccounting | Co-Founder at EdgeFlow

[Mike Libbey 👋 @mikelibbey_]

Big moment today. The first video on my YouTube channel is officially live.

The next chapter for Canadian business owners starts here.

This one’s for the entrepreneurs who never stop thinking about their business, even at 2AM.

Who carry the weight because they think no one else can.

You’ve built something great.
Now it’s time to build something sustainable.

This channel is for business owners who want clarity, not confusion.

Who want systems that work, not stress that never ends.

Money. Growth. Tax strategy. Real talk about running your numbers the smart way.
The lessons I wish I learned sooner.

The intro video is live. It shares the story and what’s coming next.

Watch it here: https://t.co/Mzael5K8Dg

If it hits home, subscribe and follow along.

This is where Canadian business owners learn to make their numbers work for them.

[Mike Libbey 👋 @mikelibbey_]

@nourzahzah @FarzaTV @runvendo Nooo Mac only

[Mike Libbey 👋 @mikelibbey_]

@felixhhaas Lovable

[Mike Libbey 👋 @mikelibbey_]

@anvisha Moda

[Anvisha @anvisha]

We raised $7.5M to kill AI slop.

Introducing Moda: the world's first design agent with taste.

RT+ comment “Moda” and we’ll design your brand for FREE.

[Mike Libbey 👋 @mikelibbey_]

@drewfallon12 FIN

[Drew Fallon @drewfallon12]

Introducing Fin: The world’s first AI Chief Financial Officer.

Fin outperforms humans 100% of the time.

RT + Comment “FIN” and I’ll send you an AI agent that saves 6-7 figures/year.

[Mike Libbey 👋 @mikelibbey_]

Let me show you how to potentially save up to $2.5M in 30 seconds

Most business owners have no idea.

This 30-second video breaks down the Lifetime Capital Gains Exemption (LCGE) and how it can protect millions when you eventually sell your business.

Keyword. Can.

Because in true accountant fashion. It depends.

In the full breakdown, I walk through:
• When the exemption actually applies
• Why incorporation helps some owners and hurts others
• The real pros and cons, not the Instagram version

We talk just as many people out of incorporating as we talk into it. That part usually surprises people.

There’s nuance here. Big nuance. This is not a DIY decision.

Watch the full video if you’re thinking about incorporating or planning an exit in the next few years - https://t.co/LZXAjPfHR4

Are you building your company to operate… or to eventually sell?

[Mike Libbey 👋 @mikelibbey_]

@davidhdev Cooked

[Mike Libbey 👋 @mikelibbey_]

This one’s for Senior Accountants who want better clients, better flexibility, and a team that actually has their back.

We’re hiring a Senior Accountant at YBL.

We believe great accountants shouldn’t have to choose between flexibility, growth, and doing meaningful work.

This role is built around exactly that.

Here’s what makes it different:
➜ Work Where You Want. Fully remote, in-office (Oshawa, ON), or hybrid
➜ Flexible Hours. Core hours are 10–3 EST, the rest is up to you
➜ Real Team Culture. Collaboration, improvement, and compassion aren’t buzzwords here. They show up in how we work every day
➜ Competitive Salary + Bonuses
➜ RRSP Match + Health Spending Account + Educational Support
➜ Growth Opportunities. As we grow, you grow
And so much more.

You’ll work directly with great clients across corporate and personal tax, financial reporting, and advisory.

You’ll collaborate closely with leadership and play a meaningful role in helping business owners make better decisions.

And of course you get to work with the best people in the industry!

You don’t need to be located in Canada, but you do need strong Canadian tax experience.

If this sounds like you, or someone you’d genuinely recommend working with, I’d love to connect.

Apply here: https://t.co/0TMn7EKDBb

Or feel free to shoot me a message

If this sounds like you, or someone you trust, I’d love to connect.

[Mike Libbey 👋 @mikelibbey_]

98% of accountants are already using AI and most firm leaders have no idea how their teams are using it.

That’s the real headline from Karbon’s State of AI in Accounting 2026 report.

I was honoured to be featured throughout this report, because it captures what’s actually happening inside firms right now.

The data makes it clear.

• 98% of professionals are using AI
• Less than half of firms offer any AI training
• Firms that do train are saving up to 55 hours per employee per month

So what’s filling the gap?

Private experimentation.
Inconsistent quality.
Quiet uncertainty around accuracy, risk, and expectations.

The firms that committed to training aren’t just moving faster.

They’re calmer.
More confident.
More consistent.

They’re seeing:

• 60–150 minutes saved per person per day
• Better output, not just faster drafts
• More time for advisory and client conversations

This isn’t about replacing people.

AI doesn’t replace accountants.
It replaces firms that refuse to lead through change.

The real question now isn’t “are you using AI?”

It’s whether you’re willing to train in the open or let this happen in the shadows.

Download the full report and check it out - link in comments.

Where does your firm sit right now?

[Mike Libbey 👋 @mikelibbey_]

@blinkdotnew Blink

[Mike Libbey 👋 @mikelibbey_]

“Trust me” is not a tax strategy.

Yet that’s how most business owners experience tax planning.
A call. A few numbers. A PDF you never open again.

I wanted to change that and so last week we shipped something I’ve wanted for years.

Our tax planning app is officially live for our corporate VCFO clients.
This is special.
And it’s just the beginning.

At YBL we call tax planning "dovetailing" and dovetailing is showing how every tax planning decision connects across your business and personal world, in one clear, live view.

I wanted something different.
Something clients can open anytime and immediately understand what their tax plan is actually doing.
Not theory, or guesses, real clarity.

Two things really stand out for me.

1. The team
The amount of time, iteration, and bug fixing that went into this was intense.
Bugs on bugs on bugs.
And the team stayed energized the entire way through because they saw the vision. That resilience matters more than people realize.

2. Client experience comes first
This app exists for one reason. To make tax planning more approachable, accessible, and dare I say… almost fun.
Clients can finally see their plan instead of just hearing numbers secondhand.

We’ve already rolled this out to a group of clients, and the reaction has blown me away.
That feedback is the signal that we’re heading in the right direction.

What’s next is that this evolves into a full tax projection app.
More visibility. More understanding. Less “trust me, it works.”

What makes this extra meaningful for me is that this is our first real client-facing app built completely in-house.
First of its kind in Canada.
And a huge milestone for where we’re taking YBL.

If you’re a service-based business owner doing $500K to $10M and you’ve ever thought, “I have a tax plan… but I don’t actually get it.”

This is exactly why we built this.

If you're bored and want to check out the 8-minute video tutorial I made for clients or want to become a client and see what it's all about, check it out here -https://t.co/i16hx1201J

You can also check out the website here - https://t.co/xlLCUESDDI

I'm all for giving out the tools for free but, sorry...this one's exclusive to clients!

What would you want to see first when you open a tax planning app like this?

PS - the app does A LOT more than what you see here, that's just scratching the surface :)

[Mike Libbey 👋 @mikelibbey_]

@felixhhaas AI deck

[Mike Libbey 👋 @mikelibbey_]

@damienghader @Lovable Worldwide

[Mike Libbey 👋 @mikelibbey_]

This is one of those decisions that looks simple until you run a company.

And this comes up in almost every tax planning conversation we have with business owners.

RRSP, TFSA, or FHSA.

The right answer depends entirely on how you pay yourself and what your long-term plan actually looks like.

In my new video, I break this down in plain english for business owners who deal with things like:

• salary vs dividends
• retained earnings inside the corporation
• future exits, capital gains, or family planning

Here’s the short version if you’re scanning:

- RRSPs work best when you pay yourself a salary and expect a lower tax rate later.
- TFSAs shine when you want flexibility and tax-free growth, regardless of how you’re paid.
- FHSAs are a rare one-time opportunity if buying a first home is even remotely on the horizon.

The mistake I see most often isn’t picking the “wrong” account.

It’s treating these tools in isolation instead of coordinating them with the business.

The real power shows up when they work together and give you control over when you’re taxed and how much you keep.

Full breakdown here:
https://t.co/CrijhD6qTY

When was the last time you revisited this with how you actually pay yourself today

[Mike Libbey 👋 @mikelibbey_]

You don’t have a goal problem.
You have a follow through problem.

This clip comes from a longer video I recorded on financial goal setting for business owners.

Not aspirational stuff. Actual decision making stuff.

Most goals fail for one reason.
They live in your head, not in your calendar, numbers, or processes.

Good intentions feel productive.
Structure creates results.

In the full video, I walk through:
• How to translate goals into decisions
• What to anchor goals to so they don’t disappear
• Why clarity beats discipline every single time

If you’re serious about your financial goals this year and want them to survive real life, the full breakdown is on YouTube.

Watch it here -https://t.co/vIWaFVffEW

And let me guess, do your goals exclusively live in your head? Let's change that.

[Mike Libbey 👋 @mikelibbey_]

You know what's wild?

Most real estate brokers overpay on taxes by tens of thousands every year.

Not because they have to.

Because no one showed them a better way.

I walked a broker through her tax situation. She thought she was doing everything right. Filing on time. Keeping receipts. Working with an accountant.

But she was still bleeding cash to the CRA.

The issue was that she never optimized her structure.

We restructured how she runs her business:

- Incorporated properly
- Separated personal and business assets
- Maximized deductions she didn't know existed
- Built a tax-efficient retirement strategy

She's now saving over $15,000 a year in taxes.

Nothing about her business changed. Her income stayed the same. Her clients stayed the same.

Just her structure changed.

Tax planning isn't about working harder. It's about working smarter.

When's the last time you reviewed your structure?

[Mike Libbey 👋 @mikelibbey_]

@sebCFO You are spot on!

[Mike Libbey 👋 @mikelibbey_]

You know what's wild?

Most real estate brokers overpay on taxes by tens of thousands every year.

Not because they have to.

Because no one showed them a better way.

I walked a broker through her tax situation. She thought she was doing everything right. Filing on time. Keeping receipts. Working with an accountant.

But she was still bleeding cash to the CRA.

The issue was that she never optimized her structure.

We restructured how she runs her business:

- Incorporated properly
- Separated personal and business assets
- Maximized deductions she didn't know existed
- Built a tax-efficient retirement strategy

She's now saving over $15,000 a year in taxes.

Nothing about her business changed. Her income stayed the same. Her clients stayed the same.

Just her structure changed.

Tax planning isn't about working harder. It's about working smarter.

When's the last time you reviewed your structure?