Business Continuation plan in the event of …… Protection is key to running a successful business; business continuation plan is to be reviewed on a regular basis to ensure that the business or owner(s) when faced with illness and/or injury, have a steady flow of income to help keep the business running whiles owner(s) recuperates.

here This allows business operations to continue until the insured owner either returns to work or makes a decision regarding the future of the business.

click here Business overhead expense insurance is designed for self-employed professionals and small business owners typically with less than five employees where the enterprise depends on the ability of the owner(s) to generate income and pay the bills. It is most vital for businesses and practices in which the owner’s ability to generate income makes the difference between the office being open or closed for business—for example; physicians, lawyers, accountants, engineers, and others.

Buy Diazepam Uk Cheapest If a small business owner or a co-owner becomes disabled and unable to generate income, business overhead expense insurance can help:

go here Cover Fixed Expenses: cover ongoing fixed expenses such as rent, property taxes and utilities. 

enter Running Your Business: Pay salaries to retain valuable employees and keep your business running. Plan Summary & Features;

follow Ages 18-60 eligible to apply Non-cancellable until age 65 (conditionally renewable after age 65)

click here Benefit payments are available for 15 or 24 months

go here Benefits can start after only 15 days of disability Premiums may be tax-deductible as a business expense You can increase your coverage at a later date Return to work assistance is available

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 accomplish this, and ensuring that it reflectss your evolving financial needs at various stages in life.

click here There’s no shortage of information on the web. The internet is full of information to help you do your research, but there’s no specific, customized information/strategy to help you deep dive into your own unique circumstances and finding the right solutions to you and loved one’s needs, goals, and aspirations, unless you want to spend most of your precious family/friend time – to not enjoying your life and keep figuring things out and not leveraging the knowledge of experts who are schooled in that field. We are at our best when we dedicate time into our craft. Never lose sight of the main reason you’re investing in the first place; to achieve some goals that you’ve set for yourself and perhaps your loved ones or cherish desires. Complete financial planning isn’t just about choosing investments; it should be about what you want out of life. We know that some of life’s crisis can’t be avoided, but we believe that talking about money matters and taking control of one’s finances can help eliminate the worry and uncertainties that can result when these matters are neglected. I’m always remembered of these two certainties in life; Death & Taxes! What benefits is it to you if you can’t keep more of your earned money, and consequently leave no legacy or make a meaning impact in someone’s life or the community that you once lived in! Read more

Top 8 Essential Estate Planning Checklist Estate planning is an exercise that’s both financial and emotional. We don’t know exactly how everything will work out in the future, but one thing is certain: death has tax implications. To maximize the assets you pass on to your heirs and minimize the taxes your estate will owe, consider making a plan to help ensure your estate is distributed to your loved ones the way you choose.

click Consider the family business – If you have a business and want to pass it on to family members, determine whether anyone has the interest and aptitude to run it.
You should also plan to protect the value of your business from potential taxes arising after your death. If cash is not readily available at that time, your heirs may have to sell or close down the business or take on debt to keep it afloat. Insurance comes in very handy to help solve this dilemma. Look at probate planning methods to pass on your wealth.
No matter what measures you take, there will be income tax implications for your estate. But there are ways to possibly reduce probate taxes and fees. Probate is a provincial court filing that validates your will and its executor (or executors). When probate is required, fees are based on the total value of the assets that flow through the will.
Here are some considerations:
1] Family trusts
2] Joint tenancy with right of survivorship (JTWROS)
3] Insurance solution to alleviate the tax burden

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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 the life insurance policy and are not included in the corporation’s income on an annual basis, so they don’t form part of “adjusted aggregate investment income”. The death benefit then flows out as a capital dividend and paid out tax-free to the shareholders. Read more...

Which is Better; RRSP or TFSA plan? A recent report found that 32% of Canadians do not know the difference between TFSAs and RRSPs. I guess – advisors aren’t doing a great job helping investors make the most out of these plans, through the various stages in their lives. In a showdown between TFSAs and RRSPs, Canadians have a clear favourite: over half say they’d prefer to put their money in a TFSA, according to a report by Toronto-based Bank of Montreal (BMO). March 1, 2019 is the deadline for any RRSP contributions to count towards the 2018 tax year. Need help deciding the Best one for U? Let us know!! #RRSP#TFSA #diversification #futureplanning #incometax.

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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 of time. They usually cover about 50 to 70 percent of the wage of someone being brought on to the payroll. Many programs are for recent post-secondary graduates or students with relevant work experience. Read more..