Successful entrepreneurs eventually face the common dilemma of how best to maximize investment potential with company profits, while reducing tax. Cash that sits unused in the corporation isn’t working for you. Taking it personally out means outrageous taxes. In many cases, there is an...
Read PostTFSA Planning for 2016
TFSAs – Could they be any more confusing - again? On Monday, December 7th, Bill Morneau, the Federal Minister of Finance, announced changes to the TFSA contribution limits for 2016. The good news? 2015 is unchanged. Executive Summary The window for 2015 contributions to Tax...
Read PostCorporate Owned Life Insurance
Corporate Owned Life Insurance is a financial tool that can be used in a number of smart ways to protect one of your greatest assets: your business! To start, you can use life insurance to protect: Business debts The loss of a key person in your company (a.k.a. Key Person...
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