Estate Planning
Good News About Tax Treatment of Corporate-owned Life Insurance Policies
. Generally in cases where corporate-owned life insurance is required, it is recommended that the corporation be the owner and the beneficiary of the life insurance policy. This way, the death-benefit of the policy can flow through the corporation’s capital dividend account (CDA) and be ...
7 Comments | Posted in Business Succession Planning,Estate Planning,Financial Planning for Business Owners,Insurance,Life Insurance,Life Insurance,Tax Planning
October 09, 2010
Do You Have The Will To Do It?
By Alan Wainer, CA, CPA (Illinois) Assurance & Advisory Partner with Soberman LLP, Chartered Accountants www.soberman.com As a business advisor to my clients, one of the questions that I typically ask as part of their financial checkup is, “Have you reviewed or updated your will recently?” We all ...
2 Comments | Posted in Business Succession Planning,Charitable Giving,Estate Planning,Financial Planning for Business Owners,Life Insurance,Life Insurance,Tax Planning
September 26, 2010
Should You Have a Business Succession Plan?
If you are a business owner, the answer is a definitive YES. When you are building and growing your business the last thing you think about is the possibility of selling it or passing it on to the next generation. However, if you ...
303 Comments | Posted in Business Succession Planning,Estate Planning,Financial Planning for Business Owners,Tax Planning
September 06, 2010
Do Not Hold Dividend Paying U.S. Stocks in Your TFSA
We are still in the early days of TFSAs and all sorts of confusion about the rules that apply to TFSAs seem to abound not only among tax payers but also among financial advisors. Recently, 70,000 out of the 4.7 million Canadians who have set up ...
10 Comments | Posted in Cash Flow Management,Credit and Debt Management,Estate Planning,Financial Planning for Business Owners
July 05, 2010
