How to Pay Less Tax Through Your Business?

Pay Less Tax Through Your Business

This week’s federal government budget illustrated that the federal government may be easing off its assault on small business owners.  They are moving forward with the proposal to eliminate the tax on split income (TOSI) for dividends paid to non-participating family members within a business.  They have eased off on the passive investment income that a business owner can keep … Read More

The 5 Main Roles of Insurance During Divorce

Insurance during divorce

The more complex a family’s financial affairs, the more complicated it becomes during a divorce.  The role of insurance during divorce is vital to the protection of both parties and the children of the marriage.  Whether it involves life insurance, critical illness, disability or health insurance, all types of insurance can and should factor into a divorce settlement.  If the marital … Read More

Taming Market Volatility Using Segregated Funds

market volatility using segregated funds

Locking In Gains, Creditor Protection, Principle Investment Guarantees,  Estate Planning are a Few Reasons why you may want to look at Segregated Funds as an Investment Option   Asking the average investor if they regret being in equities the past 8 years, you would have heard a resounding “NO”…. until February 2018 which saw a huge market correction.  Many boast … Read More

How Important is Employee Financial Wellness?

employee financial wellness

“Can I afford to retire?” “What happens to me if I get sick and can’t work?”  “How can I afford for my kids to go to university?”  “Where do I go to get a financial plan for my future?”  “What will happen if I die and don’t have a will?”  “Where do I start to get myself out of debt?”  … Read More

How to Leave a Legacy for your Grandchildren?

how to leave a legacy

So how do you leave a legacy behind and not compromise your current financial situation?  If you are a grandparent wishing to provide an asset for your grandchildren without compromising your own financial security you may want to consider an estate planning application known as cascading life insurance.   Because permanent life insurance is a significant cost to purchase in your … Read More

CPP Should You Take it Early?

CPP should you take it early

The most recent rules governing CPP were introduced in 2012 and they took full effect in 2016.  The earliest you can take your CPP Pension is age 60, the latest is 70. The standard question regarding CPP should you take it early? While you can elect to start receiving CPP at age 60, the discount rate under the new rules … Read More

Business Owners: Have you Maxed Out Your RRSP Contributions for the Year?

Maxed out your RRSP contributions

The challenge for many business owners, they either haven’t contributed enough to one’s RRSP or they’ve maxed out your RRSP Contributions for the year.  The challenge is RRSP contribution room is derived from one’s T4 income from previous years.  If you choose to take money from your business in the form of a dividend, this doesn’t count towards RRSP eligible … Read More

Clever Uses of Life Insurance by Business Owners

Clever uses of life insurance

Not many people say they love buying or the process of buying life insurance.  Who wants to discuss about the eventual demise of oneself?  There are certain situations which are reliant upon life insurance to create an insurgency of cash into a business when weathering the loss of a business owner.  There are however, clever uses of life insurance by … Read More

Business Owners: TFSA or RRSP?


Business owners have far more options available to them they may realize.  The question may not be whether TFSA or RRSP but instead what is the best investment vehicle for business owners?  TFSAs are available regardless of income, that is they don’t need T4 income to qualify.  Therefore dividend income which doesn’t qualify as T4 income is eligible to be … Read More

Do Benefit Plans and Medical Marijuana Mix?

benefit plans and medical marijuana

A common question I receive from benefit plan administrators is ‘how will medical marijuana affect our benefit plan’?  Usually it stems from plan members asking if their plan includes medical marijuana as part of the offering.  The Liberal government’s promise to legalize the use of recreational marijuana by July 2018 is helping to fuel many of these discussions.  So how … Read More