Business Owners

2021 Year-End Tax Tips for Business Owners

December 1, 20212021, Blog, Business Owners, corporate

We’re approaching the end of the year, so it’s time to review your business finances. We’ve put together an article highlighting the most critical tax-planning tips you need to know as a business owner.

We’ve focused on:
• How to determine the right salary and dividend mix.
• The best ways to handle compensation.
• How to make sure you can take advantage of the small business deduction.
• What you need to know about depreciable assets and charitable donations.
• How to make the most of Covid-19 relief programs.

Easy Exit: Business Succession in a Nutshell

August 2, 2021Blog, Business Ownersbusiness owners, business succession, key person

Getting into the world of business is a meticulous task, but so is getting out of it Whether you’ve just hit the ground running on your business or if you’ve been at it for a long time, there is no better time to plan your exit strategy than now.

Do you REALLY need life insurance?

June 2, 2021Blog, Business Owners, Family, individuals, Life Insurancebusiness, debt, estate, funeral expenses, life insurance, Mortgage, retirement, tax

You most likely do, but the more important question is, What kind? Whether you’re a young professional starting out, a devoted parent or a successful CEO, securing a life insurance policy is probably one of the most important decisions you will have to make in your adult life. Most people would agree that having financial safety nets in place is a good way to make sure that your loved ones will be taken care of when you pass away. Insurance can also help support your financial obligations and even take care of your estate liabilities.

Investing as a Business Owner

March 3, 2021Blog, 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.

Government of Canada to allow up to $400 for home office expenses

December 29, 20202020, Accountants, Blog, Business Owners, tax

For the 2020 tax year, the Government of Canada introduced a temporary flat rate method to allow Canadians working from home this year due to Covid-19 to claim expenses of up to $400.

Business Owners: 2020 Tax Planning Tips for the End of the Year

December 11, 20202020 Only, Blog, Business Owners, Coronavirus, Coronavirus - Practice Owners, corporate, Estate Planning, financial advice, Financial Planning, incorporated professionals, Investment, Professional Corporations

It’s a great time to review your business finances now that we are nearing year-end. We have listed some of the critical areas to consider and provide you with some helpful guidelines to make sure that you cover all the essentials. We have divided our tax planning tips into four sections:

– Year-end tax checklist
– Remuneration
– Business tax
– Estate

10 Essential Decisions for Business Owners

November 1, 2020Blog, Business Owners, Estate Planning, financial advice, Financial Planning, Group Benefits, health benefits, Insurance, Investment, taxbusiness owners

Business owners are busy… they’re busy running a successful business, wearing lots of hats and making a ton of decisions. We’ve put together a list of 10 essential decisions for every business owner to consider.

The Difference between Segregated Funds and Mutual Funds

October 1, 2020Blog, Business Owners, Investment

Segregated Funds and Mutual Funds often have many of the same benefits however there are key differences you should consider like Maturity and Death Benefit Guarantees.

Accessing Corporate Earnings

September 1, 2020Blog, Business Owners, corporate, Life Insurance

One of the financial planning issues that business owners face is how to access their corporate earnings in a tax efficient way. Please contact us to learn how we can get more money in your pocket than in the government’s.

6 Steps to Retirement Success

August 5, 2020Blog, Business Owners, Family, Investment, Retirees, RRSP, Tax Free Savings Account

Retirement planning can be challenging, we’ve outlined what we feel are 6 steps to retirement success. Talk to us about a complimentary comprehensive review of your retirement plan.

Category: Business Owners

2021 Year-End Tax Tips for Business Owners

Easy Exit: Business Succession in a Nutshell

Do you REALLY need life insurance?

Investing as a Business Owner

Government of Canada to allow up to $400 for home office expenses

Business Owners: 2020 Tax Planning Tips for the End of the Year

10 Essential Decisions for Business Owners

The Difference between Segregated Funds and Mutual Funds

Accessing Corporate Earnings

6 Steps to Retirement Success

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