Business Succession Planning

THE KEY ADVANTAGE OF GIVING THROUGH A PRIVATE CORPORATION

    Private corporations have a notional account called the capital dividend account (CDA). The CDA creates a unique financial planning opportunity for business owners when it comes to philanthropic tax planning and makes charitable giving through a corporation extremely attractive. The CDA does not appear on the ...

Comments Off on THE KEY ADVANTAGE OF GIVING THROUGH A PRIVATE CORPORATION   |   Posted in Business Succession Planning,Charitable Giving,Investments,Latest News May 17, 2017

Less regulation tops advisor wish list for 2015

In the second part of a two-part series, Kanupriya Vashisht delves into what advisors are wishing for next year. The next thing on the wish list of the BC Director of CFIB are lower corporate taxes for small businesses. Richard Truscott says ...

Comments Off on Less regulation tops advisor wish list for 2015   |   Posted in Business Succession Planning,Financial Planning for Business Owners,Latest News,Tax Planning March 10, 2015

Trusts & Small Business Corporations

 Trusts & Small Business Corporations – Flexibility in Family Wealth Management This article was originally published by Doug Carroll, Vice President of Tax & Estate Planning with Invesco Canada Ltd.  Authorization to repost this article has been granted.  The link to view the original article:  http://tinyurl.com/n85qy27 The trust ...

Reduce Taxes By Philanthropy And Planned Giving

   While you may support different charities because you believe in their cause and your donation may be entirely based on your emotions, when it comes to your philanthropy, by having a strategic approach you can substantially reduce taxes on your income and the estate taxes ...

Comments Off on Reduce Taxes By Philanthropy And Planned Giving   |   Posted in Business Succession Planning,Charitable Giving,Financial Planning for Business Owners,Retirement Planning,RRIF,RRSP June 05, 2013

The Future of Canada’s Real Estate Market

With house prices making new highs in the Toronto market and signs of slow down in the Vancouver market, interest rates at an all time low and warnings from the Bank of Canada about an overheated housing market, the future direction of the real estate ...

Useful Website for Entrepreneurs

When it comes to helpful web sites for small business owners and entrepreneurs, most people don’t automatically think of government web sites as a top choice. However, a quick look at the Canada Business web site may help change your ...

Comments Off on Useful Website for Entrepreneurs   |   Posted in Business Succession Planning,Financial Planning for Business Owners,Uncategorized October 31, 2010

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 ...

Comments Off on Good News About Tax Treatment of Corporate-owned Life Insurance Policies   |   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 ...

Comments Off on Do You Have The Will To Do It?   |   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 ...

Comments Off on Should You Have a Business Succession Plan?   |   Posted in Business Succession Planning,Estate Planning,Financial Planning for Business Owners,Tax Planning September 06, 2010