Entries by admin

3 Key Essentials To Build a Thriving Legacy

As a small-business owner or entrepreneur, you’re responsible for two families basically; the one you have at home, and the one you have through work. No matter what your business is, you ought to manage any potential risk(s) you might face in running a successful business or profession. A well thought-out insurance risk management, and […]

Is more of hard-earned money going to your loved ones or the government?

A comprehensive financial plan covers every area of your financial life, from investments and real estate to insurance risk mitigation, retirement planning, and tax and estate planning. There are a number of financial planning areas that a financial plan may take into account; all based on your current unique circumstances and where you want to […]

Six financial planning tips for business owners

Set your business up for success today and develop a financial plan for retirement Here are six tips for financial success. 1.    Target top talent You want great employees that will help support your business success. These days, steady work and reasonable wages aren’t enough to attract and retain the best talent. Employee benefits can help […]

How to plan around the small business tax changes, effective 2019

Starting this year, 2019, incorporated private business i.e. CanadianControlled Private Corporations (CCPC) are taking a different approach when planning their tax and investment optimization strategy to managing their wealth and fortifying their legacy. However, because the reduction will be based on “Adjusted Aggregated Investment Income” (AAII) from the previous year, passive income for 2018 can […]

Five approaches to achieving the right asset mix for your portfolio

There are a lot of factors to be considered when developing the right strategy for your investments goals, such as your investment time frame, your current age, the need for capital/income and risk tolerance are big factors in setting your correct mix or allocation. There’s a broad range of products or solutions to deplore to […]

Grow wealth and avoid the passive income problem faced by small business owners.

Investing the after-tax income of the corporation into a corporately owned life insurance policy, to protect the life of the business owner or partner, may be an effective tax planning strategy and ideal solution for the passive income problem for Canadian controlled private corporation. The income and growth in the underlying investments are tax-sheltered within […]

Government grants to small business: “free seed money” – go unused

For small business and startup companies, one of the biggest challenges to get the enterprise going is finance to implement your creative and innovative ideas. Unfortunately, many businesses never consult financial professionals to ease this hurdle to an excellent “take off”. Small business hiring grants are available throughout the year, often for a certain period […]