Sometimes, the insights we pass onto our clients feel like a best kept secret. With this as our theme for Grow Together, we dive into lesser-known financial strategies like overlooked investment opportunities, the potential of Donor Advised Funds in legacy planning, and surprising ways to maximize RESPs.
Business owners don't need to be tax experts. However, knowing a few basics can help guide conversations with your advisor and lead to better financial outcomes for your business. Here's four things that should be on your radar.
If you’re a Canadian business owner looking to self-finance a short-term shareholder loan through your company, it’s important to know how you can arrange corporate loans without having to include them as income.
The LCGE is helpful for business owners and their families by allowing them to avoid paying taxes on capital gains (up to a certain amount) when they sell shares in a qualified business, farm property, or fishing property. In this blog, Amit Tewary, Wealth Advisory Associate, discusses the planning considerations that may affect your LCGE.
There are many advantages to having a holding company: it helps protect assets from liability, facilitates income splitting, allows for tax deferral and more. However, there are also some disadvantages to be aware of and not all incorporated businesses need to have another company to hold their assets.