Executive Benefits
Executive Benefits
Who's this for?
- Business Owners
- Key Person
- Executives
- Shareholder
Benefits
- Reward Key Employees
- Retain Key Employees and Shareholders
- Minimize the impact on your business if key employees, shareholders or business owners were to become disabled, critically ill or die
- Retire or lower debts if key employees, shareholders or business owners were to become disabled, critically ill or die
Latest News
Essential tips and tricks for paying less tax and keeping more of your retirement income
It’s important to make the most of your retirement income. To do so, you need to be aware of what income is and isn’t taxable, and also how to make the most of the tax breaks you’re entitled to. This article outlines the four main steps you need to take to ensure you keep as much of your retirement income as possible:
1. Make a financial plan.
2. Split your pension income.
3. Buy an annuity.
4. Be aware of retirement-related tax breaks.
2022 British Columbia Budget Highlights
On February 22, 2022, the B.C. Minister of Finance announced the 2022 budget. We have highlighted the most important financial measures you need to know, with an emphasis on:
• Supporting sustainable economic development
• Offering stronger healthcare
• Expanding child care options and lowering fees
• Supporting capital infrastructure
• Providing funding for affordable housing
• Promoting clean transportation
Budget 2022 includes no changes to personal or corporate tax rates.
TFSA versus RRSP – What you need to know to make the most of them in 2022
TFSAs and RRSPs can be significant savings vehicles. To help you understand their differences, we have put together this article to compare:
– TFSA versus RRSP – Differences in deposits
– TFSA versus RRSP – Differences in withdrawals
Understanding the differences between these two types of tax-advantaged accounts can help you better plan for future purchases and your eventual retirement.