Financial Planning for Business Owners

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 ...

Gifting Your RRSP or RRIF

If you have more than enough sources of income for your retirement and do not need the income from your RRIF then you may consider donating your RRSPs or the income from your RRIF to a charity of your choice and can receive a charitable ...

Comments Off on Gifting Your RRSP or RRIF   |   Posted in Charitable Giving,Estate Planning,Financial Planning for Business Owners,Investments,Latest News,Retirement Planning,RRIF,RRSP July 24, 2013

Charitable Donation Tax Credit

Donations made to charities in Canada are eligible for a charitable donation tax credit. The first $200 of your donations is eligible for a tax credit equivalent to 15% of the donation amount. Depending on your province of residence you can also claim a provincial ...

Forum Magazine – June Edition: A Life of Purpose

Tina Tehranchian was featured in the June 2013 Edition of Forum Magazine "A Life of Purpose".  To read the article click on the following link. Forum Magazine June 2013 Edition - A Life of Purpose

Comments Off on Forum Magazine – June Edition: A Life of Purpose   |   Posted in Credit and Debt Management,Estate Planning,Financial Planning for Business Owners,Latest News,Retirement Planning,Tax Planning June 21, 2013

The 2013 Federal Budget

This article was published in the June 2013 issue of the Canadian Business Journal and has been posted with their permission The main goals of the 2013 Federal Budget consisted of creating jobs, simplifying taxes and closing perceived tax loopholes. THE FOLLOWING ELEMENTS in the budget have ...

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 ...

Aim to Live to 100? Make Certain Your Income Allows

MARY GOODERHAM Jan. 14, 2013 Malcolm Hann has always considered himself “something of an aggressive investor.” But eight years of tumultuous markets and low interest rates since he retired from his job as a materials manager at a Toronto electronics company have taken away much of his ...

Comments Off on Aim to Live to 100? Make Certain Your Income Allows   |   Posted in Cash Flow Management,Estate Planning,Financial Planning for Business Owners,Investments,Latest News,Retirement Planning,Savings and Investments May 17, 2013

Canadian Advisers See Gains, Pitfalls in Social Media

TORONTO (Reuters) - Canadian financial adviser Will Britton is the quintessential success story of social media in the industry. He's active on Facebook, LinkedIn and Twitter, and when someone needs a financial planner, Britton's contacts are quick to send a "here's my guy" link. Presto, ...

Comments Off on Canadian Advisers See Gains, Pitfalls in Social Media   |   Posted in Financial Planning for Business Owners,Insurance,Investments,Latest News,Savings and Investments May 17, 2013

Employee Profit Sharing Plans

The following is one of the most important aspects of the budget that will have a direct impact on your financial planning and you should take note of. This is based on the 2012 Federal Budget paper written by Jerry S. Rubin, Vice President of ...

Comments Off on Employee Profit Sharing Plans   |   Posted in Financial Planning for Business Owners,Severance Packages,Tax Planning,Uncategorized May 31, 2012