We will ensure that you:·        

Protect yourself from the loss of a key business partner or employee or your ability work due to accident or illness;

► Draft a buy-sell agreement to outline the terms and conditions of your departure and allow successors to easily assume control of the business;

► Protect your family and employees through a group disability insurance plan (a valuable benefit that helps you attract and retain key employees), while supplementing your coverage with an individual policy;        

► Protect your family and employees with group health, life insurance, critical illness and long-term care coverage;    

► Creditor-proof your personal assets by incorporating your business (if it is not already incorporated), moving excess cash to a holding company, and investing in Guaranteed Investment Funds for your RRSP and other personal investment plans;  

► Reduce taxes through income splitting: awarding tax-deductible salaries to family members who provide a service, or paying dividends to share-owning family members aged 18 years and older;      

► Take advantage of your capital gains exemption;    

► Plan for a retirement in which you enjoy the same level of lifestyle or better;    

► Avoid the pitfall of relying exclusively on the sale of your business by contributing to an RRSP, Individual Pension Plan (IPP) or a Retirement Compensation Arrangement (RCA);  

► Decide whether it is wiser to pay yourself dividend income or contribute to RRSPs;  

► Establish a non-registered portfolio alongside your RRSP, such as universal life insurance for tax-sheltered growth;

► Devise a carefully-considered estate plan to transfer wealth smoothly and swiftly to your heirs and favourite causes, accounting for capital gains tax;

► Design a business succession plan and make preparations to sell your business;

► Ensure you have a Will and Power of Attorney or POA.

As small business owners, we are familiar with the challenges of entrepreneurship and the unique planning required to pave a smooth financial road.

Advising Business Owners

We have been successfully assisting business owners with their finances for more than 12 years. The concentrated focus on this exclusive group allows us to have an unparalleled understanding
of the investment, tax, and risk management strategies required to create a successful wealth plan for each client.