by Ryan Douglas | May 1, 2017 | Blog, Business Owners, Estate Planning, Families, Individuals
These 4 reasons will compel you to revisit your estate planning For most of the people, a watertight estate planning means finding the best ways to equip themselves for contingencies, reduce the tax liability for their estate, and signing up for investment plans to...
by Ryan Douglas | Apr 6, 2017 | Blog, Business Owners, Sole Proprietor, Taxes
Should I incorporate? That really depends on your situation and needs. Before making a decision, please consider the advantages and disadvantages of a sole proprietorship versus corporation. Setup Costs: Sole Proprietor: Setting up your business is pretty simple and...
by Ryan Douglas | Mar 27, 2017 | Blog, Budget, Families, Individuals, Tax
Finance Minister Bill Morneau delivered the government’s 2017 federal budget on March 22, 2017. The budget expects a deficit of $23 billion for fiscal 2016-2017 and forecasts a deficit of $28.5 billion for 2017-2018. Find out what this means for families. Key points...
by Ryan Douglas | Mar 27, 2017 | Blog, Budget, Business Owners, Tax
Finance Minister Bill Morneau delivered the government’s 2017 federal budget on March 22, 2017. The budget expects a deficit of $23 billion for fiscal 2016-2017 and forecasts a deficit of $28.5 billion for 2017-2018. Find out what this means for businesses. Small...
by Ryan Douglas | Feb 27, 2017 | Blog, Business Owners, Capital dividend account, Key person, Life Insurance, Shareholders
What is the Purpose of the Capital Dividend Account? Capital Dividend Account (CDA) is a special corporate tax account which gives shareholders designated capital dividends, tax-free. This account is not recorded in the corporation’s taxable accounting entries or...