Working as a partnership between 2 or more individuals is never an easy task, and the situation only gets more complicated when one or more of them exits the business. Protecting not only the business, but your personal interests, as well as your family’s future are very important objectives for any business owner, and should not be overlooked.
Who's this for?
- Age 21 to 34 Years Old
- Starting your career
- Finished school
- Pay off debts, student loans, credit cards
- Establish an emergency fund
- Start a Budget
- Pay yourself first: start a regular savings plan
- Downpayment for a home
- Save for large purchases: such as car,
- Start saving for your retirement
- Review your benefits from work including your health and disability benefits
Working at an organization that offers a pension plan is one of the greatest financial advantages a Canadian can enjoy. Pension plans are designed to provide retirement income and help employees reach their retirement goals and for business owners- help retain key employees.
An estate freeze can be an integral part of your estate planning strategy. The purpose of an estate freeze is to transfer any future increase in your business’s value (generally shares) that you own to someone else.