Business Owner Services

This section is dedicated to a variety of information for the Business Owner. It will contain articles, links, reports, videos etc.

Business owners are the foundation of what drives the economy in Canada. With this dedication comes a unique set of financial, investment, tax and estate planning needs that are often treated with less enthusiasm than the management of their own businesses.

According to Statistics Canada, fewer self-employed Canadians than their employees are financially preparing for retirement even though the self-employed business owner was more likely to be knowledgeable about finances.

The source of this procrastination may be attributed to the fact that financial planning for business owners tends to be complex and often involves multi-layered factors ranging from estate issues to succession planning.

Business Owners who wait to the last minute to address these issues often find themselves in the unenviable position of having done “too little, too late”. Engaging in personal planning earlier rather than later gives the business owner an opportunity to develop relationships with trusted advisors.

Tax & Estate Planning – Part 1

DECIDING ON A BUSINESS STRUCTURE
Business owners have unique financial, investment, tax and estate planning needs. However, because most of their time, energy and resources are spent on the business, it is easy to…

View

Tax and Estate Planning – Part 2

EARNING INCOME IN A CORPORATION
Many Business owners wonder whether it makes sense to incorporate their business and if so when is the best time to do so.

View

Tax and Estate Planning – Part 3

ESTATE PLANNING FOR BUSINESS OWNERS
Business owners invest significant time and money in their business with the hope that their business will become their retirement plan.

View

Tax and Estate Planning – Part 4

ESTATE PLANNING FOR BUSINESS OWNERS
A well thought-out plan will minimize tax payable at death, reduce conflict amongst beneficiaries, and maximize assets available to heirs.

View

Income in a Corporation 2021

Earning investment income through a corporation involves two layers of income tax. First, the corporation is taxed on the income at corporate tax rates.

View