Business Owners

Help for Small/Medium Businesses & Entrepreneurs – 75% wage subsidy, $40,000 interest-free loan & more

March 27, 20202020 Only, Blog, Business Owners

March 27, 2019 – Prime Minister Justin Trudeau announced programs and measures focused on helping Small & Medium Sized Businesses and Entrepreneurs cope with the economic consequences caused by the COVID-19 pandemic.

“With these new measures, our hope is that employers being pushed to laying off people due to COVID-19 will think again,” Trudeau said. “And for those of you who have already had to lay off workers, we hope you will re-hire them.”

Retirement Planning for Business Owners – Checklist

February 29, 2020Blog, Business Owners, corporate, health benefits, Life Insurance, Long Term Care, pension plan, RRSP, Tax Free Savings Accountbusiness owners, retirement

As a business owner, one of your challenges is learning how to balance between reinvesting into the business and setting money aside for personal savings. Since there are no longer employer-sponsored pension plans and the knowledge that retirement will come eventually, it’s important to have a retirement plan in place.

We’ve put together an infographic checklist that can help you get started on this.

2020 Financial Calendar

January 1, 2020Blog, Business Owners, corporate, Individuals, Investment, RRSP, Tax, Tax Free Savings Account

Financial Calendar for 2020- All the deadlines you need to know to maximize your benefits!

Business Owners: 2019 Tax Planning Tips for the End of the Year

November 28, 2019Blog, Business Owners, Life Insurance

If your corporate year end is December 31, it’s a great time to review your business finances. With the federal election over and no major business tax changes for this year, 2019 is a good year to make sure you are effectively tax planning. Please keep in mind that your business may be affected by the recent tax on split income (TOSI) and the passive investment income rules given they came into effect in 2018. These rules can be complicated, please don’t hesitate to consult us and your accountant to determine how this can affect your business finances.

Financial Planning for Incorporated Professionals

October 30, 2019Blog, Business Owners, corporate, health benefits

Financial planning for incorporated professionals is often two-sided- planning for the practice and personal financial planning.

Investing as a Business Owner

September 29, 2019Blog, Business Owners, corporate, Investment, RRSP, Tax Free Savings Account

Many business owners have built up earnings in their corporation and are looking for tax efficient ways to pull the earnings out to achieve their personal and business financial goals. We outline the factors to consider when investing as a corporation.

Shared Ownership Critical Illness

June 29, 2019Blog, Business Owners, corporate, health benefits

Shared Ownership Critical Illness offers business owners and incorporated business professionals a way to access the retained earnings in their corporation or provide benefits to a key employee.
Talk to us to see how we can help you.

Financial Planning for Business Owners

June 3, 2019Blog, Business Owners, corporate

Financial Planning for business owners is often two-sided: personal financial planning and planning for the business.
Business owners have access to a lot of financial tools that employees don’t have access to; this is a great advantage, however it can be overwhelming too. A financial plan can relieve this.
A financial plan looks at where you are today and where you want to go. It determines your short, medium and long term financial goals and how you can reach them. For you, personally and for your business.