by Investing with Purpose | Sep 1, 2022 | Blog, Business Owners, Corporate, Tax
Five Ways To Withdraw Money From Your Business In A Tax-Efficient MannerYou have worked long and hard to build up your business, and now you are ready to withdraw money from your business’ bank account. But you don’t want to get hit with a huge tax bill....
by Investing with Purpose | May 1, 2021 | Blog, Business Owners, Corporate, Life Insurance
One of the financial planning issues that business owners face is how to access their corporate earnings in a tax efficient way.There are 5 standard methods:SalaryDividendShareholder LoansTransfer Personal AssetsIncome SplittingThere are also unique ways utilizing...
by Investing with Purpose | Feb 2, 2021 | Blog, Business Owners, Corporate, Health Benefits, Life Insurance, Long Term Care, Pension Plan, RRSP, Tax Free Savings Account
As a business owner, one of your challenges is learning how to balance between reinvesting into the business and setting money aside for personal savings. Since there are no longer employer-sponsored pension plans and the knowledge that retirement will come...
by Investing with Purpose | Oct 1, 2020 | Blog, Business Owners, Buy Sell, Corporate, disability insurance, Group Benefits, Health Benefits, insurance, Life Insurance, Travel Insurance
For business owners, making sure your business is financially protected can be overwhelming. Business owners face a unique set of challenges when it comes to managing risk. Insurance can play an important role when it comes to reducing the financial impact on your...
by Investing with Purpose | Jul 17, 2020 | Blog, Business Owners, Coronavirus, Coronavirus - Practice Owners, Corporate
On July 17th, Finance Minister Bill Morneau announced proposed changes to the Canada Emergency Wage Subsidy (CEWS) that will expand the number of businesses that qualify for the program. The major changes he announced were:”First, we’re proposing to extend...
by Investing with Purpose | Jul 13, 2020 | Blog, Business Owners, Coronavirus, Coronavirus - Practice Owners, Corporate
On July 13th, Prime Minister Justin Trudeau announced the extension of the Canada Emergency Wage Subsidy (CEWS) until December. The Prime Minster stated:”You’ve seen me come out to talk with Canadians about what we’re doing to help you and your...