corporate

Financial Planning for Business Owners

July 30, 2019Blog, Business Owners, corporate

Financial Planning for business owners is often two-sided: personal financial planning and planning for the business.
Business owners have access to a lot of financial tools that employees don’t have access to; this is a great advantage, however it can be overwhelming too. A financial plan can relieve this.
A financial plan looks at where you are today and where you want to go. It determines your short, medium and long term financial goals and how you can reach them. For you, personally and for your business.

2019 Federal Budget

March 21, 20192019 Only, Blog, Business Owners, corporate, disability, Individuals, Investment, pension plan, Retirees, Tax

The 2019 budget is titled “Investing in the Middle Class. Here are the highlights from the 2019 Federal Budget.

Tax Lines to Look Out for 2018 Income Tax Year

March 6, 20192019 Only, Blog, Business Owners, corporate, dental benefits, FamilyCarry forward information, Carying charges, Charitable donations, Interest expense, Medical expenses, TOSI

An outline of the key lines to look out for in the 2018 Income Tax Year.

2019 Financial Calendar

January 1, 2019Blog, Business Owners, corporate, Individuals, Investment, RRSP, Tax, Tax Free Savings Account

Financial Calendar for 2019- All the deadlines you need to know to maximize your benefits!

Life Insurance and the Capital Dividend Account

October 1, 2018Blog, Business Owners, corporateCapital dividend account

Many business owners are unaware that corporate owned life insurance combined with the Capital Dividend Account (CDA) provides an opportunity to distribute corporate surplus on the death of a shareholder to the surviving shareholders or family members tax-free.

Why provide an employee benefits plan?

July 1, 2018Blog, Business Owners, corporate, dental benefits, Group Benefits, health benefits, pension planemployee benefits

Business owners are increasingly recognizing the key importance of implementing employee benefit plans in their organization

Tax Series: Strategies for Private Corporations

May 1, 2018Blog, corporate, Tax

Last summer, Finance Minister Morneau announced a number of tax reforms for Small Business Owners, including the changes to income sprinkling, minimizing the incentives to keep passive investments and reducing the transfer of corporate surpluses to capital gains.

2018 Federal Budget Highlights for Business

March 4, 2018Blog, Business Owners, corporate, Investment, Tax

The government’s 2018 federal budget focuses on a number of tax tightening measures for business owners. It introduces a new regime for holding passive investments inside a Canadian Controlled Private Corporation (CCPC). (Previously proposed in July 2017.)

BC Budget Highlights 2018

February 22, 2018Blog, Business Owners, corporate, Family, health benefits, Individuals, Investment, mortgage, Tax

BC Finance Minister Carole James delivered the province’s 2018 budget update on February 20, 2018. The budget anticipates a surplus of $219 million for the current year, $281 million for 2019 and $284 million in 2020.

Updated Small Business Tax Reforms

October 30, 2017Blog, Business Owners, Business Owners, corporate, Taxbusiness owners, capital gains exemption, Tax

It has certainly been a busy week in terms of announcements regarding financial policies for small businesses. Following the series of proposed tax reforms that the government announced back in July, various tweaks and changes have subsequently been made, owing, perhaps in part, to confusion and frustration expressed among the small business community. We have provided a brief summary of the changes in this article and infographic.

Category: corporate