by Investing with Purpose | Mar 4, 2022 | Blog, Estate Planning, Tax
In 2015, CIBC conducted a poll to see how many Canadian business owners had a business transition plan. Almost half of them didn’t have one.No business owner likes to think about handing over their business they’ve built from the ground up. But the fact of...
by Investing with Purpose | Nov 1, 2021 | Blog, Estate Planning, incorporated professionals, Retirees
Financial advice for incorporated professionals is often two-sided- advice for the practice and personal financial advice. A few things to keep in mind for professionals are:Professionals are typically in the highest income tax bracket, therefore incorporating...
by Investing with Purpose | Oct 1, 2021 | Blog, Business Owners, Estate Planning, Family, Life Insurance
Succession Planning for Business OwnersBusiness owners deal with a unique set of challenges. One of these challenges includes succession planning. A succession plan is the process of the transfer of ownership, management and interest of a business. When should a...
by Investing with Purpose | Jul 1, 2021 | Blog, Estate Planning, Family, Retirees
What happens when the children grow up and they are no longer dependent on their parents? Estate planning for mature families and retirees can bring up a number of issues including family dynamics and harmony. One of the most difficult conversations is around fair or...
by Investing with Purpose | Apr 1, 2021 | Blog, Business Owners, Estate Planning, Family, Life Insurance
Estate Planning for Business OwnersWhat happens when the children grow up and they are no longer dependent on their parents? What happens to your other “baby”- the business? Estate planning for business owners deals with the personal and business assets....
by Investing with Purpose | Dec 11, 2020 | 2020 Only, Blog, Business Owners, Coronavirus, Coronavirus - Practice Owners, Corporate, Estate Planning, financial advice, financial planning, incorporated professionals, Investment, Professional Corporations
It’s a great time to review your business finances now that we are nearing year-end. Your business may be affected by recent tax changes or new measures to help with financial losses due to COVID-19. Figuring out the tax ramifications of these new measures can...
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