Planning For
Business Owners
Business owners face financial complexities. We understand how to integrate personal and business objectives for sole proprietors and incorporated business owners.
We’ll work with you to inspire confidence to:
- Know your options
- Focus on the right things
- Manage financial resources
- Create a roadmap for life’s transitions
- Align your personal and business goals
Sole Proprietor
We can work with you to answer questions like these… because the answers are all about you.
Transitions
When do I incorporate? And how do I transition my sole proprietorship to a partnership or corporation?
How do I dissolve my sole proprietorship? And what happens to the business assets?
How do I qualify for a personal mortgage as a sole proprietor? And does this affect my ability to borrow for business purposes?
Tax Planning
When do I have to start paying quarterly installments to the CRA? And when do I have to start charging GST?
Are there tax planning opportunities that I can use as a sole proprietor? And am I taking advantage of all my eligible deductions?
Do I have to contribute into CPP and EI? And what are the consequences if I choose not to make these contributions?
Risk Management
How do I protect my personal assets from business liabilities? And what insurance is appropriate for me?
What happens to my debt payments if I can’t work any more? And am I eligible for any forms of income replacement?
Is there a way to manage personal health expenses through my business? And are my family’s health expenses tax deductible?
Wealth Accumulation
How do I achieve my business and personal financial goals at the same time? And can I have creditor protection for any of my investments?
Can I invest in my business? And how do I keep those investments separate from my family’s investments?
How do I plan to invest when my income is unpredictable? And how do I maintain liquidity in case I need money?
Ready to grow your sole proprietorship? Let’s discuss your business goals and how we can help you succeed.
Incorporated Business Owners
We can work with you to answer questions like these … because the answers are all about you.
Transitions
What happens to my corporate shares when I die? And how do I ensure my family benefits?
What’s a corporate will? And do I need one?
How do I make a personal financial plan when my corporation is going through changes? And how do I make a corporate financial plan when my personal life is going through changes?
Tax Planning
Should I pay myself by dividends or salary? And what consequences are associated with each option?
What is passive income in my business corporation? And are there tax considerations if I generate passive income there?
What is double (or triple) taxation)? And can it happen to me?
Risk Management
How do I protect my business from unexpected events? And what kinds of insurance am I eligible to secure?
Do I need a shareholders agreement? And do the shareholder classes support my goals?
Is a group benefit plan right for my business? And can there be different coverage for shareholders and employees?
Wealth Accumulation
Should I invest in my corporation or personally? And what are the risks?
What investment vehicles can I use? And what is most suitable for me?
How do I use a group RRSP or an individual pension plan to save for retirement? And how are corporate contributions treated?
Partner with our experienced team to optimize and integrate your personal and corporate strategies.
Discover Your Personalized Financial Plan Pathway
Discover your personalized financial plan pathway with our expert team. Our team will personalize a strategy to meet your unique goals and ensure your financial success.