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...
by Ryan Douglas | Feb 23, 2017 | Blog, Budget, Business Owners, Employees, Families, Individuals, Tax
BC Finance Minister Michael de Jong delivered the province’s 2017 budget on Feb. 21, 2017. The budget anticipates a surplus of $295 million for the current year, $244 million in 2018-2019 and $223 million in 2019-2020. Corporate Income Tax Measures Reduction in...
by Ryan Douglas | Feb 1, 2017 | Blog, Business Owners, Families, Investment, Retirement, Savings, Tax Free Savings Account
RRSP or TFSA? What’s the difference? With the RRSP deadline around the corner, we’re here to help you figure out where you should invest. Contact us for a complimentary review.
by Ryan Douglas | Jan 1, 2017 | Blog, Business Owners, Financial, Non-Registered Investments, Retirement, Savings
The Benefits of Consolidation When putting together your financial plan, there is no question about the benefits of consolidation. It’s common to have your finances all over the place. Savings at the bank, investments with several financial institutions, retirement...
by Ryan Douglas | Sep 1, 2016 | Blog, Business Owners, Education, Estate Planning, Executive Benefits, Families, Financial Planning, Individuals and Families, Students
Post-secondary education can be expensive, however having the opportunity to plan for it helps with making sure that you’re capable to meet the costs of education. In addition, when you have a plan, it’s easer to make financial decisions that align with your...